Nwe Enterprise Ltd 12110938 true 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is IT Software consultant Digita Accounts Production Advanced 6.30.9574.0 true Mr Nathan Wayne Edwards true 12110938 2023-08-01 2024-07-31 12110938 2024-07-31 12110938 bus:OrdinaryShareClass1 bus:CumulativeNon-redeemableShares 2024-07-31 12110938 core:RetainedEarningsAccumulatedLosses 2024-07-31 12110938 core:ShareCapital 2024-07-31 12110938 core:CurrentFinancialInstruments 2024-07-31 12110938 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 12110938 core:CurrentFinancialInstruments core:WithinOneYear 2 2024-07-31 12110938 core:FurnitureFittingsToolsEquipment 2024-07-31 12110938 core:DeferredTaxation 2024-07-31 12110938 bus:FRS102 2023-08-01 2024-07-31 12110938 bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 12110938 bus:FullAccounts 2023-08-01 2024-07-31 12110938 bus:RegisteredOffice 2023-08-01 2024-07-31 12110938 bus:Director1 2023-08-01 2024-07-31 12110938 bus:OrdinaryShareClass1 bus:CumulativeNon-redeemableShares 2023-08-01 2024-07-31 12110938 bus:EntityNoLongerTradingButTradedInPast 2023-08-01 2024-07-31 12110938 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12110938 core:ComputerEquipment 2023-08-01 2024-07-31 12110938 countries:EnglandWales 2023-08-01 2024-07-31 12110938 2023-07-31 12110938 core:FurnitureFittingsToolsEquipment 2023-07-31 12110938 core:DeferredTaxation 2023-07-31 12110938 2023-07-31 12110938 bus:OrdinaryShareClass1 bus:CumulativeNon-redeemableShares 2023-07-31 12110938 core:RetainedEarningsAccumulatedLosses 2023-07-31 12110938 core:ShareCapital 2023-07-31 12110938 core:CurrentFinancialInstruments 2023-07-31 12110938 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 12110938 core:CurrentFinancialInstruments core:WithinOneYear 2 2023-07-31 12110938 core:FurnitureFittingsToolsEquipment 2023-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12110938

Nwe Enterprise Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2024

 

Nwe Enterprise Ltd

(Registration number: 12110938)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

442

442

Current assets

 

Debtors

4

315

315

Cash at bank and in hand

 

20,910

20,910

 

21,225

21,225

Creditors: Amounts falling due within one year

6

(21,324)

(21,324)

Net current liabilities

 

(99)

(99)

Total assets less current liabilities

 

343

343

Provisions for liabilities

7

(84)

(84)

Net assets

 

259

259

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

159

159

Shareholders' funds

 

259

259

 

Nwe Enterprise Ltd

(Registration number: 12110938)
Balance Sheet as at 31 July 2024

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 22 July 2024
 

.........................................
Mr Nathan Wayne Edwards
Director

 

Nwe Enterprise Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Piccadilly Business Centre
Aldow Enterprise Park
Blackett Street
Manchester
M12 6AE

These financial statements were authorised for issue by the director on 22 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The directors have a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis on preparing its financial statements.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

33% Reducing Balance Basis

 

Nwe Enterprise Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Nwe Enterprise Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

3

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 August 2023

1,504

1,504

At 31 July 2024

1,504

1,504

Depreciation

At 1 August 2023

1,062

1,062

At 31 July 2024

1,062

1,062

Carrying amount

At 31 July 2024

442

442

At 31 July 2023

442

442

4

Debtors

Current

Note

2024
£

2023
£

Other debtors

 

19

19

Income tax asset

296

296

   

315

315

5

Cash and cash equivalents

2024
£

2023
£

Cash at bank

17,905

17,905

Short-term deposits

3,005

3,005

20,910

20,910

 

Nwe Enterprise Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

6

Creditors

Note

2024
£

2023
£

Due within one year

 

Amounts due to related parties

20,074

20,074

Accruals

 

1,250

1,250

 

21,324

21,324

7

Provisions for liabilities

Deferred tax
£

Total
£

At 1 August 2023

84

84

At 31 July 2024

84

84

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary share class 1 of £1 each

100

100

100

100