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Company Registration No. 12638761 (England and Wales)
Nw Re Limited Unaudited accounts for the year ended 30 September 2024
Nw Re Limited Unaudited accounts Contents
Page
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Nw Re Limited Company Information for the year ended 30 September 2024
Directors
Neil Anthony Walker Neil Wallis Tallis Alexis Kemp
Company Number
12638761 (England and Wales)
Registered Office
Unit 1 Newington Enterprise Centre Wardwell Lane, Newington Sittingbourne Kent ME9 7BP England
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Nw Re Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
125,228 
186,299 
Current assets
Debtors
1,430,937 
1,396,346 
Cash at bank and in hand
852,857 
547,434 
2,283,794 
1,943,780 
Creditors: amounts falling due within one year
(1,009,965)
(566,435)
Net current assets
1,273,829 
1,377,345 
Total assets less current liabilities
1,399,057 
1,563,644 
Creditors: amounts falling due after more than one year
(60,587)
(160,826)
Provisions for liabilities
Other provisions
- 
(63,233)
Net assets
1,338,470 
1,339,585 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,338,370 
1,339,485 
Shareholders' funds
1,338,470 
1,339,585 
For the year ending 30 September 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 directors acknowledge their 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 of Directors and authorised for issue on 8 October 2024 and were signed on its behalf by
Tallis Alexis Kemp Director Company Registration No. 12638761
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Nw Re Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Nw Re Limited is a private company, limited by shares, registered in England and Wales, registration number 12638761. The registered office is Unit 1, Newington Enterprise Centre, Wardwell Lane, Newington, Sittingbourne, Kent, ME9 7BP, England.
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
33% straight line
Motor vehicles
25% reducing balance
Fixtures & fittings
20% straight line
Computer equipment
33% straight line
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Nw Re Limited Notes to the Accounts for the year ended 30 September 2024
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.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2023
250,980 
- 
22,045 
273,025 
Additions
- 
1,382 
6,110 
7,492 
Disposals
(25,000)
- 
- 
(25,000)
At 30 September 2024
225,980 
1,382 
28,155 
255,517 
Depreciation
At 1 October 2023
75,785 
- 
10,941 
86,726 
Charge for the year
37,549 
276 
5,738 
43,563 
At 30 September 2024
113,334 
276 
16,679 
130,289 
Net book value
At 30 September 2024
112,646 
1,106 
11,476 
125,228 
At 30 September 2023
175,195 
- 
11,104 
186,299 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,430,331 
949,917 
Accrued income and prepayments
- 
71,405 
Other debtors
606 
375,024 
1,430,937 
1,396,346 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
35,435 
35,435 
Trade creditors
76,646 
120,386 
Taxes and social security
897,884 
409,714 
Accruals
- 
900 
1,009,965 
566,435 
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Nw Re Limited Notes to the Accounts for the year ended 30 September 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
64,804 
Obligations under finance leases and hire purchase contracts
60,587 
96,022 
60,587 
160,826 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 4 (2023: 3).
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