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Registered Number: 05994892
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 30 November 2023

for

NWF CLIMBING LIMITED

Directors J Restorick
S M Saunders
Registered Number 05994892
Registered Office 30/31 Water St
Birmingham
B3 1HL
Accountants Breslins Birmingham Ltd
Chartered Accountants
28 George Street
Birmingham
West Midlands
B3 1QG
1
Director's report and financial statements
The directors present his annual report and the financial statements for the year ended 30 November 2023
Principal activities
The principal activity of the company during the financial year was that of operating and management of climbing walls.
Directors
The directors who served the company throughout the year were as follows:
J Restorick
S M Saunders
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these financial statements, the directors are required to :
- select suitable accounting policies and then apply them consistently
- make judgements and accounting estimates that are reasonable and prudent
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the companys transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:


----------------------------------
J Restorick
Director

Date approved: 15 August 2024
2
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of NWF Climbing Limited for the year ended 30 November 2023.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of NWF Climbing Limited for the year ended 30 November 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance
This report is made solely to the Board of Directors of NWF Climbing Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of NWF Climbing Limited and state those matters that we have agreed to state to the Board of Directors of NWF Climbing Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than NWF Climbing Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that NWF Climbing Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of NWF Climbing Limited . You consider that NWF Climbing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of NWF Climbing Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



....................................................
Breslins Birmingham Ltd
Chartered Accountants
28 George Street
Birmingham
West Midlands
B3 1QG
15 August 2024
3
 
 
Notes
 
2023
£
  2022
£
Turnover 107,225    91,151 
Cost of sales (2,668)   (3,675)
Gross profit 104,557    87,476 
Administrative expenses (99,694)   (111,586)
Operating profit/(loss) 4,863    (24,110)
Profit/(Loss) on ordinary activities before taxation 4,863    (24,110)
Tax on profit on ordinary activities  
Profit/(Loss) for the financial year 4,863    (24,110)
 
4
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 2,132    16 
2,132    16 
Current assets      
Debtors 4 9,343    670 
Cash at bank and in hand 29,099    15,419 
38,442    16,089 
Creditors: amount falling due within one year 5 (12,396)   (11,010)
Net current assets 26,046    5,079 
 
Total assets less current liabilities 28,178    5,095 
Creditors: amount falling due after more than one year 6 (18,220)  
Net assets 9,958    5,095 
 

Capital and reserves
     
Called up share capital 7 2    2 
Profit and loss account 9,956    5,093 
Shareholders' funds 9,958    5,095 
 


For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 15 August 2024 and were signed on its behalf by:


-------------------------------
J Restorick
Director
5
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 December 2021 2  29,203  29,205 
Profit for the year (24,110) (24,110)
Total comprehensive income for the year (24,110) (24,110)
Total investments by and distributions to owners
At 30 November 2022 2  5,093  5,095 
At 01 December 2022 2  5,093  5,095 
Profit for the year 4,863  4,863 
Total comprehensive income for the year 4,863  4,863 
Total investments by and distributions to owners
At 30 November 2023 2  9,956  9,958 
6
General Information
NWF Climbing Limited is a private company, limited by shares, registered in England and Wales, registration number 05994892, registration address 30/31 Water St, Birmingham, B3 1HL.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 25% Reducing Balance
Computer Equipment 33% Straight Line
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Factored debts
The company includes factored debts within trade debtors since most of the risks and rewards of ownership of the factored debts have not passed to the factors. A corresponding liability is included in liabilities in respect of the proceeds received from the factor.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees


Average number of employees during the year was 3 (2022 : 5).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 December 2022 144,271      1,395    145,666 
Additions   668    1,875    2,543 
Disposals      
At 30 November 2023 144,271    668    3,270    148,209 
Depreciation
At 01 December 2022 144,255      1,395    145,650 
Charge for year 16    153    258    427 
On disposals      
At 30 November 2023 144,271    153    1,653    146,077 
Net book values
Closing balance as at 30 November 2023   515    1,617    2,132 
Opening balance as at 01 December 2022 16        16 


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors   670 
Prepayments & Accrued Income 1,697   
Other Debtors 6,677   
PAYE & Social Security 969   
9,343    670 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 85    3,571 
Accrued Expenses 900    3,072 
Other Creditors   1 
Wages & Salaries Control Account 3,190   
Pension Payable 486   
Directors' Current Accounts 3,367   
VAT 4,368    4,366 
12,396    11,010 

6.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Directors' Loan Accounts 18,220   
18,220   

7.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
2 Class A shares of £1.00 each  
 

7