Registered number
10388904
NWI Ltd
Filleted Accounts
30 April 2024
NWI Ltd
Registered number: 10388904
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 3,000 4,500
Tangible assets 4 80,805 78,983
83,805 83,483
Current assets
Stocks 13,493 11,007
Debtors 5 136,037 206,663
Cash at bank and in hand 160,165 42,406
309,695 260,076
Creditors: amounts falling due within one year 6 (182,534) (170,850)
Net current assets 127,161 89,226
Total assets less current liabilities 210,966 172,709
Creditors: amounts falling due after more than one year 7 (10,987) (17,558)
Provisions for liabilities (15,353) (15,007)
Net assets 184,626 140,144
Capital and reserves
Called up share capital 100 100
Profit and loss account 184,526 140,044
Shareholders' funds 184,626 140,144
Average Number of Employees 3 2
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr P A McKenna
Director
Approved by the board on 1 October 2024
NWI Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 15,000
At 30 April 2024 15,000
Amortisation
At 1 May 2023 10,500
Provided during the year 1,500
At 30 April 2024 12,000
Net book value
At 30 April 2024 3,000
At 30 April 2023 4,500
Goodwill is written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 4,890 90,769 95,659
Additions 3,512 16,500 20,012
At 30 April 2024 8,402 107,269 115,671
Depreciation
At 1 May 2023 2,751 13,925 16,676
Charge for the year 896 17,294 18,190
At 30 April 2024 3,647 31,219 34,866
Net book value
At 30 April 2024 4,755 76,050 80,805
At 30 April 2023 2,139 76,844 78,983
5 Debtors 2024 2023
£ £
Trade debtors 76,407 172,142
Other taxes 59,630 34,521
136,037 206,663
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 8,000 8,000
Obligations under finance lease and hire purchase contracts 5,604 11,703
Trade creditors 24,611 61,929
Accruals and deferred income 3,029 1,600
Taxation and social security costs 24,165 23,840
Other creditors 117,125 63,778
182,534 170,850
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 9,558 17,558
Obligations under finance lease and hire purchase contracts 1,429 -
10,987 17,558
8 Other information
NWI Ltd is a private company limited by shares & incorporated in England. Its registered office:
A05 Towngate Works
Dark Lane
Mawdesley
L40 2QU
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