Registered number
09747874
N H Trading NW Limited
Filleted Accounts
31 March 2024
N H Trading NW Limited
Registered number: 09747874
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 614,164 588,175
Current assets
Stocks 354,420 449,307
Debtors 4 120,446 120,127
Cash at bank and in hand 54,308 82,725
529,174 652,159
Creditors: amounts falling due within one year 5 (348,056) (604,240)
Net current assets 181,118 47,919
Total assets less current liabilities 795,282 636,094
Creditors: amounts falling due after more than one year 6 (345,442) (212,656)
Net assets 449,840 423,438
Capital and reserves
Called up share capital 100 100
Profit and loss account 449,740 423,338
Shareholders' funds 449,840 423,438
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.
Mrs Naheeda Hussain
Director
Approved by the board on 18 October 2024
N H Trading NW 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.
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:
Freehold buildings na
Leasehold land and buildings na
Plant and machinery na
Equipments 8% reducing Balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 39 36
3 Tangible fixed assets
Land and buildings Equipments Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 447,282 145,355 39,066 631,703
Additions - 42,118 - 42,118
At 31 March 2024 447,282 187,473 39,066 673,821
Depreciation
At 1 April 2023 - 25,720 17,808 43,528
Charge for the year - 12,940 3,189 16,129
At 31 March 2024 - 38,660 20,997 59,657
Net book value
At 31 March 2024 447,282 148,813 18,069 614,164
At 31 March 2023 447,282 119,635 21,258 588,175
4 Debtors 2024 2023
£ £
Other debtors 120,446 120,127
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 115,709 96,652
Other creditors 232,347 507,588
348,056 604,240
6 Creditors: amounts falling due after one year 2024 2023
£ £
loans 234,331 80,077
CBILS Loan 111,111 132,579
345,442 212,656
7 Controlling party
Mrs Naheeda Hussain, Mr Mohammed Fiaz Butt and Mr Aleem Munir Butt has a controlling interest in the company by virture of their 34%, 33%, 33% subsequently holding of the ordinary shares of the company.
8 Other information
N H Trading NW Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 176
Old Wellington road
Manchester
M30 9FU
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