Registered number
11901505
North West Lead Holdings Limited
Report and Accounts
31 March 2024
North West Lead Holdings Limited
Report and accounts
Contents
Page
Company information 1
Director's report 2
Accountants' report 3
Profit and loss account 4
Balance sheet 5
Statement of changes in equity 6
Notes to the accounts 7-10
North West Lead Holdings Limited
Company Information
Director
Paul Hempstock
Accountants
Abacus Accountancy Service & Systems Limited
Suite 7
Brackenholme Business Park
Brackenholme
North Yorkshire
YO8 6EL
Business address
Unit 4 Hadfiled House
Gordon Street
Stockport
Cheshire
SK4 1RR
Registered office
Suite 7
Brackenholme Business Park
Brackenholme
North Yorkshire
YO8 6EL
Registered number
11901505
North West Lead Holdings Limited
Registered number: 11901505
Director's Report
The director presents his report and accounts for the year ended 31 March 2024.
Principal activities
The company's principal activity during the year continued to be that of a holding company
Directors
The following persons served as directors during the year:
Paul Hempstock
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 15 July 2024 and signed on its behalf.
Paul Hempstock
Director
North West Lead Holdings Limited
Accountants' Report
Accountants' report to the director of
North West Lead Holdings Limited
You consider that the company is exempt from an audit for the year ended 31 March 2024. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Abacus Accountancy Service & Systems Limited
Accountants
Suite 7
Brackenholme Business Park
Brackenholme
North Yorkshire
YO8 6EL
15 July 2024
North West Lead Holdings Limited
Profit and Loss Account
for the year ended 31 March 2024
2024 2023
£ £
Operating profit - -
Income from investments 60,000 41,000
Profit before taxation 60,000 41,000
Tax on profit - -
Profit for the financial year 60,000 41,000
North West Lead Holdings Limited
Registered number: 11901505
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 470,000 470,000
Current assets
Debtors 4 20,000 31,071
Creditors: amounts falling due within one year 5 - (31,071)
Net current assets 20,000 -
Net assets 490,000 470,000
Capital and reserves
Called up share capital 2,000 2,000
Share premium 468,000 468,000
Profit and loss account 20,000 -
Shareholders' funds 490,000 470,000
The director is 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 director acknowledges his 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.
Paul Hempstock
Director
Approved by the board on 15 July 2024
North West Lead Holdings Limited
Statement of Changes in Equity
for the year ended 31 March 2024
Share Share Re- Profit Total
capital premium valuation and loss
reserve account
£ £ £ £ £
At 1 April 2022 2,000 468,000 - - 470,000
Profit for the financial year 41,000 41,000
Dividends (41,000) (41,000)
At 31 March 2023 2,000 468,000 - - 470,000
At 1 April 2023 2,000 468,000 - - 470,000
Profit for the financial year 60,000 60,000
Dividends (40,000) (40,000)
At 31 March 2024 2,000 468,000 - 20,000 490,000
North West Lead Holdings Limited
Notes to the Accounts
for the year ended 31 March 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. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 April 2023 470,000
At 31 March 2024 470,000
Historical cost
At 1 April 2023 470,000
At 31 March 2024 470,000
4 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 882 31,071
Other debtors 19,118 -
20,000 31,071
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors - 31,071
6 Other information
North West Lead Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is:
Suite 7
Brackenholme Business Park
Brackenholme
North Yorkshire
YO8 6EL
North West Lead Holdings Limited
Detailed profit and loss account
for the year ended 31 March 2024
This schedule does not form part of the statutory accounts
2024 2023
£ £
Income from investments 60,000 41,000
Profit before tax 60,000 41,000
North West Lead Holdings Limited
Detailed profit and loss account
for the year ended 31 March 2024
This schedule does not form part of the statutory accounts
2024 2023
£ £
Administrative expenses
- -
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