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REGISTERED NUMBER: 10588143 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

NORTHWEST TRADING LIMITED

NORTHWEST TRADING LIMITED (Registered number: 10588143)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NORTHWEST TRADING LIMITED

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mr Andreas Georgiou





REGISTERED OFFICE: 4102 Charlotte House
QD Business Centre
Norfolk Street
Liverpool
Merseyside
L1 0BG





REGISTERED NUMBER: 10588143 (England and Wales)





ACCOUNTANTS: DBS Corporate Accountants
Suite 4102, Charlotte House
Queens Dock Business Centre
67-83 Norfolk Street
Liverpool
Merseyside
L1 0BG

NORTHWEST TRADING LIMITED (Registered number: 10588143)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,820 7,892

CURRENT ASSETS
Stocks 11,055 11,935
Debtors 5 32,553 10,186
Cash at bank 67,938 52,797
111,546 74,918
CREDITORS
Amounts falling due within one year 6 94,692 60,841
NET CURRENT ASSETS 16,854 14,077
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,674

21,969

CREDITORS
Amounts falling due after more than
one year

7

20,803

21,465
NET ASSETS 871 504

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 771 404
871 504

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.

NORTHWEST TRADING LIMITED (Registered number: 10588143)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 October 2024 and were signed by:





Mr Andreas Georgiou - Director


NORTHWEST TRADING LIMITED (Registered number: 10588143)

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

1. STATUTORY INFORMATION

NORTHWEST TRADING LIMITED 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 amounts derived from the services provided by the company falling within its ordinary activities, 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 - 15% on cost
Computer equipment - 20% on cost

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 Income Statement, 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.


NORTHWEST TRADING LIMITED (Registered number: 10588143)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 20,861
DEPRECIATION
At 1 February 2023 12,970
Charge for year 3,071
At 31 January 2024 16,041
NET BOOK VALUE
At 31 January 2024 4,820
At 31 January 2023 7,891

NORTHWEST TRADING LIMITED (Registered number: 10588143)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 2,702 4,238
Other debtors 29,851 5,948
32,553 10,186

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 7,429 7,927
Trade creditors 46,407 5,169
Taxation and social security 38,297 37,327
Other creditors 2,559 10,418
94,692 60,841

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 20,803 21,465