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REGISTERED NUMBER: 05323539 (England and Wales)















Financial Statements for the Year Ended 31 January 2024

for

North West Automobiles Ltd

North West Automobiles Ltd (Registered number: 05323539)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


North West Automobiles Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: K Ilyas





REGISTERED OFFICE: 24-26 Cantebury Street
Blackburn
Lancashire
BB2 2HP





REGISTERED NUMBER: 05323539 (England and Wales)





ACCOUNTANTS: Aldred Consultancy
Chartered Management Accountants
27 Palmerston Close
Ramsbottom
Bury
Lancashire
BL0 9YN

North West Automobiles Ltd

Report of the Accountants to the Director of
North West Automobiles Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

This report is made to the Company's Board of Directors, as a body, in accordance with the
terms of our engagement. Our work has been undertaken so that we might compile the financial
statements that we have been engaged to compile, report to the Company's Board of Directors
that we have done so, and state those matters that we have agreed to state to them in this
report and for no other purpose. To the fullest extent permitted by law, we do not accept or
assume responsibility to anyone other than the Company and the Company's Board of
Directors, as a body, for our work or for this report.

You have acknowledged on the balance sheet as at 31 January 2024 your duty to ensure that
the company has kept proper accounting records and to prepare financial statements that give a
true and fair view under the Companies Act 2006. You consider that the company is exempt
from the statutory requirement for an audit for the year.






Aldred Consultancy
Chartered Management Accountants
27 Palmerston Close
Ramsbottom
Bury
Lancashire
BL0 9YN


2 October 2024

North West Automobiles Ltd (Registered number: 05323539)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,793,554 906,843

CURRENT ASSETS
Stocks 1,499,876 1,517,214
Debtors 5 271,805 240,296
Cash at bank and in hand 33,262 18,393
1,804,943 1,775,903
CREDITORS
Amounts falling due within one year 6 1,755,031 1,206,242
NET CURRENT ASSETS 49,912 569,661
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,843,466

1,476,504

CREDITORS
Amounts falling due after more than one
year

7

(3,479,479

)

(329,039

)

PROVISIONS FOR LIABILITIES (20,655 ) (12,734 )
NET ASSETS 1,343,332 1,134,731

CAPITAL AND RESERVES
Called up share capital 105 105
Retained earnings 1,343,227 1,134,626
SHAREHOLDERS' FUNDS 1,343,332 1,134,731

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

North West Automobiles Ltd (Registered number: 05323539)

Balance Sheet - continued
31 January 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 October 2024 and were signed by:





K Ilyas - Director


North West Automobiles Ltd (Registered number: 05323539)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

North West Automobiles Ltd 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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 17 (2023 - 17 ) .

North West Automobiles Ltd (Registered number: 05323539)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 837,293 184,587 1,021,880
Additions 3,873,156 41,256 3,914,412
At 31 January 2024 4,710,449 225,843 4,936,292
DEPRECIATION
At 1 February 2023 - 115,037 115,037
Charge for year - 27,701 27,701
At 31 January 2024 - 142,738 142,738
NET BOOK VALUE
At 31 January 2024 4,710,449 83,105 4,793,554
At 31 January 2023 837,293 69,550 906,843

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 141,057 239,733
Other debtors 130,748 563
271,805 240,296

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 286,757 103,277
Trade creditors 1,112,898 813,321
Taxation and social security 180,498 171,452
Other creditors 174,878 118,192
1,755,031 1,206,242

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 2,654,391 289,039
Other creditors 825,088 40,000
3,479,479 329,039

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,190,781 -

North West Automobiles Ltd (Registered number: 05323539)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the Director received dividends of £ 36,000 ( £36,000).