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REGISTERED NUMBER: 08684964 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Northwick Limited

Northwick Limited (Registered number: 08684964)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Northwick Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: T M Harrison
A J Clare
T Wray





REGISTERED OFFICE: Unit 15 Blackwood Court
Teal Park, North Hykeham
Lincoln
LN6 3AE





REGISTERED NUMBER: 08684964 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Northwick Limited (Registered number: 08684964)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 90,082 116,123

CURRENT ASSETS
Stocks 574,821 500,000
Debtors 5 786,390 283,937
Cash at bank and in hand 687,420 57,419
2,048,631 841,356
CREDITORS
Amounts falling due within one year 6 1,014,250 246,093
NET CURRENT ASSETS 1,034,381 595,263
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,124,463

711,386

CREDITORS
Amounts falling due after more than one
year

7

(157,926

)

(23,428

)

PROVISIONS FOR LIABILITIES (22,058 ) (23,433 )
NET ASSETS 944,479 664,525

CAPITAL AND RESERVES
Called up share capital 9 30 30
Capital redemption reserve 3 -
Retained earnings 944,446 664,495
SHAREHOLDERS' FUNDS 944,479 664,525

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Northwick Limited (Registered number: 08684964)

Balance Sheet - continued
30 September 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2024 and were signed on its behalf by:




T M Harrison - Director A J Clare - Director




T Wray - Director


Northwick Limited (Registered number: 08684964)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Northwick Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 7 ) .

Northwick Limited (Registered number: 08684964)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2022 25,634 - 116,211 4,282 146,127
Additions - 2,683 9,402 1,008 13,093
Disposals - - (17,495 ) - (17,495 )
At 30 September 2023 25,634 2,683 108,118 5,290 141,725
DEPRECIATION
At 1 October 2022 6,406 - 21,438 2,160 30,004
Charge for year 1,923 210 23,057 579 25,769
Eliminated on disposal - - (4,130 ) - (4,130 )
At 30 September 2023 8,329 210 40,365 2,739 51,643
NET BOOK VALUE
At 30 September 2023 17,305 2,473 67,753 2,551 90,082
At 30 September 2022 19,228 - 94,773 2,122 116,123

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 532,599 188,483
Amounts owed by group undertakings 84,000 -
Other debtors 169,791 95,454
786,390 283,937

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 73,628 -
Hire purchase contracts 5,934 6,473
Trade creditors 730,315 57,705
Taxation and social security 199,773 63,406
Other creditors 4,600 118,509
1,014,250 246,093

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 138,873 -
Hire purchase contracts 19,053 23,428
157,926 23,428

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Funding Circle Loan 212,500 -

Northwick Limited (Registered number: 08684964)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
270 Ordinary 0.1 27 30
3 Ordinary A 1 3 -
30 30

During the year 30 Ordinary 10p shares were repurchased and the Company allotted 30 A Ordinary 10p shares.