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REGISTERED NUMBER: 13978937 (England and Wales)











Unaudited Financial Statements

for the Period 1 October 2022 to 31 December 2023

for

North West Wellness Limited

North West Wellness Limited (Registered number: 13978937)

Contents of the Financial Statements
for the Period 1 October 2022 to 31 December 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


North West Wellness Limited

Company Information
for the Period 1 October 2022 to 31 December 2023







DIRECTOR: G M Hawthorn





REGISTERED OFFICE: 1 Minster Court
Tuscan Way
Camberley
Surrey
GU15 3YY





REGISTERED NUMBER: 13978937 (England and Wales)





ACCOUNTANTS: Butt Miller
Chartered Accountants
1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY

North West Wellness Limited (Registered number: 13978937)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 272,739 -

CURRENT ASSETS
Debtors 5 42,468 32,840
Cash at bank and in hand 8,304 378,365
50,772 411,205
CREDITORS
Amounts falling due within one year 6 (519,615 ) (237,606 )
NET CURRENT (LIABILITIES)/ASSETS (468,843 ) 173,599
TOTAL ASSETS LESS CURRENT
LIABILITIES

(196,104

)

173,599

CREDITORS
Amounts falling due after more than one
year

7

(140,000

)

(180,909

)
NET LIABILITIES (336,104 ) (7,310 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (336,105 ) (7,311 )
(336,104 ) (7,310 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 19 September 2024 and were signed by:




G M Hawthorn - Director


North West Wellness Limited (Registered number: 13978937)

Notes to the Financial Statements
for the Period 1 October 2022 to 31 December 2023


1. STATUTORY INFORMATION

North West Wellness 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The accounting year was extended to bring it in line with the franchise. The previous period was shortened for operational purposes. This means that the amounts presented in the financial statements are not entirely comparable.

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

Where payments are received in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - over the term of the primary lease
Plant and machinery - 20% on cost
Fixtures and fittings - 10% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the period 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Operating leases
Rentals paid under operating leases are charged to the Income Statement on a straight line basis over the period of the lease.

North West Wellness Limited (Registered number: 13978937)

Notes to the Financial Statements - continued
for the Period 1 October 2022 to 31 December 2023


2. ACCOUNTING POLICIES - continued

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 the Income Statement in the period to which they relate.

Going concern
After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, he continues to adopt the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 13 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
Additions 248,358 23,053 7,821 18,280 297,512
At 31 December 2023 248,358 23,053 7,821 18,280 297,512
DEPRECIATION
Charge for period 15,274 4,245 684 4,570 24,773
At 31 December 2023 15,274 4,245 684 4,570 24,773
NET BOOK VALUE
At 31 December 2023 233,084 18,808 7,137 13,710 272,739

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 45 -
Other debtors 4,023 -
Prepayments 15,900 32,840
19,968 32,840

Amounts falling due after more than one year:
Other debtors 22,500 -

Aggregate amounts 42,468 32,840

North West Wellness Limited (Registered number: 13978937)

Notes to the Financial Statements - continued
for the Period 1 October 2022 to 31 December 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans 32,727 19,091
Trade creditors 24,315 661
Social security and other taxes 5,337 -
VAT 1,867 -
Other creditors 59,685 -
Director's current account 365,003 216,874
Accruals 30,681 980
519,615 237,606

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 32,727 32,727
Bank loans - 2-5 years 98,182 98,182
Bank loans more than 5 years 9,091 50,000
140,000 180,909

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 9,091 50,000

The bank has a fixed and floating charge over all the assets and undertakings in the company.

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 37,500 -
Between one and five years 150,000 -
In more than five years 331,250 -
518,750 -

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the periods ended 31 December 2023 and 30 September 2022:

2023 2022
£    £   
G M Hawthorn
Balance outstanding at start of period (216,874 ) -
Amounts advanced 30,953 1
Amounts repaid (179,082 ) (216,875 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (365,003 ) (216,874 )

North West Wellness Limited (Registered number: 13978937)

Notes to the Financial Statements - continued
for the Period 1 October 2022 to 31 December 2023


9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

Over the period, the director has loaned the company a total of £155,000, on which interest has been charged at 10%. The above loan is unsecured and repayable on demand.