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Registration number: 06485174

NW Projects Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

Pages for filing with Registrar

 

NW Projects Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

NW Projects Limited

Company Information

Director

N R W Waugh

Registered office

43 Canynge Square
Clifton
Bristol
BS8 3LB

Registered number

06485174

Accountants

Corrigan Accountants Limited
1st Floor
25 King Street
Bristol
BS1 4PB

 

NW Projects Limited

(Registration number: 06485174)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

-

167,269

Current assets

 

Debtors

5

-

1,606

Cash at bank and in hand

 

212,694

111,913

 

212,694

113,519

Creditors: Amounts falling due within one year

6

(9,812)

(81,279)

Net current assets

 

202,882

32,240

Net assets

 

202,882

199,509

Capital and reserves

 

Called up share capital

7

1,000

1,000

Profit and loss account

201,882

198,509

Total equity

 

202,882

199,509

 

NW Projects Limited

(Registration number: 06485174)
Balance Sheet as at 31 January 2024 (continued)

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 28 October 2024
 

.........................................
N R W Waugh
Director

   
     
 

NW Projects Limited

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

1

Statutory information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
43 Canynge Square
Clifton
Bristol
BS8 3LB

2

Accounting policies

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Tax

The tax expense for the period comprises current tax.Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible fixed assets

Tangible fixed assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation.

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Office equipment

33% on cost

Freehold property

5% on cost

 

NW Projects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

2

Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

NW Projects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

4

Tangible fixed assets

Land and buildings
£

Office equipment
 £

Total
£

Cost

At 1 February 2023

184,872

8,199

193,071

Disposals

(184,872)

-

(184,872)

At 31 January 2024

-

8,199

8,199

Depreciation

At 1 February 2023

17,603

8,199

25,802

Charge for the year

6,933

-

6,933

Eliminated on disposal

(24,536)

-

(24,536)

At 31 January 2024

-

8,199

8,199

Carrying amount

At 31 January 2024

-

-

-

At 31 January 2023

167,269

-

167,269

5

Debtors: amounts falling due within one year

2024
£

2023
£

Prepayments and accrued income

-

683

Corporation tax

-

923

-

1,606

 

NW Projects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

6

Creditors

2024
£

2023
£

Corporation tax

6,754

-

Social security and other taxes

231

231

Accruals

1,750

1,750

Directors' loan accounts

1,077

79,298

9,812

81,279

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

1,000

1,000

1,000

1,000