1 April 2023 false No description of principal activity Taxfiler 2024.5 05392463business:PrivateLimitedCompanyLtd2023-04-012024-03-31 053924632023-03-31 053924632023-04-012024-03-31 05392463business:AuditExempt-NoAccountantsReport2023-04-012024-03-31 05392463business:FilletedAccounts2023-04-012024-03-31 053924632024-03-31 05392463business:Director12023-04-012024-03-31 05392463business:CompanySecretary12023-04-012024-03-31 05392463business:RegisteredOffice2023-04-012024-03-31 053924632023-03-31 05392463core:WithinOneYear2024-03-31 05392463core:WithinOneYear2023-03-31 05392463core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 05392463core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 05392463core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 05392463core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 05392463core:PreviouslyStatedAmount2024-03-31 05392463core:PreviouslyStatedAmount2023-03-31 05392463business:SmallEntities2023-04-012024-03-31 05392463countries:EnglandWales2023-04-012024-03-31 05392463core:PlantMachinery2023-04-012024-03-31 05392463core:ComputerEquipment2023-04-012024-03-31 05392463core:PlantMachinery2023-03-31 05392463core:ComputerEquipment2023-03-31 05392463core:PlantMachinery2024-03-31 05392463core:ComputerEquipment2024-03-31 053924632022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 05392463 (England and Wales)
North West Tints Limited Unaudited accounts for the year ended 31 March 2024
North West Tints Limited Unaudited accounts Contents
Page
- 2 -
North West Tints Limited Company Information for the year ended 31 March 2024
Director
D Roberts
Secretary
D Roberts
Company Number
05392463 (England and Wales)
Registered Office
61 Plodder Lane Farnworth BL4 0BX
Accountants
Daniel Sam Limited 61 Plodder Lane Farnworth Bolton BL4 0BX
- 3 -
North West Tints Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,486 
1,858 
Current assets
Inventories
300 
350 
Debtors
5,875 
2,672 
Cash at bank and in hand
24,548 
27,363 
30,723 
30,385 
Creditors: amounts falling due within one year
(10,779)
(11,906)
Net current assets
19,944 
18,479 
Total assets less current liabilities
21,430 
20,337 
Provisions for liabilities
Deferred tax
(96)
(126)
Net assets
21,334 
20,211 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
21,324 
20,201 
Shareholders' funds
21,334 
20,211 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 September 2024 and were signed on its behalf by
D Roberts Director Company Registration No. 05392463
- 4 -
North West Tints Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
North West Tints Limited is a private company, limited by shares, registered in England and Wales, registration number 05392463. The registered office is 61 Plodder Lane, Farnworth, BL4 0BX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on reducing balance
Computer equipment
20% on reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
- 5 -
North West Tints Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
13,795 
5,832 
19,627 
At 31 March 2024
13,795 
5,832 
19,627 
Depreciation
At 1 April 2023
13,160 
4,609 
17,769 
Charge for the year
127 
245 
372 
At 31 March 2024
13,287 
4,854 
18,141 
Net book value
At 31 March 2024
508 
978 
1,486 
At 31 March 2023
635 
1,223 
1,858 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,620 
2,400 
Accrued income and prepayments
255 
272 
5,875 
2,672 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
150 
331 
Taxes and social security
1,224 
1,347 
Loans from directors
9,405 
10,228 
10,779 
11,906 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 6 -