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Registered number: 12388922
Npwb & Co Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Garrett Adam Accountants Limited
ACCA
3 Johnson's Barns
Waterworks Road
Petersfield
Hampshire
GU32 2BY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12388922
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,626 11,554
Investments 5 10,200 -
13,826 11,554
CURRENT ASSETS
Debtors 6 145 184
Cash at bank and in hand 9,144 24,373
9,289 24,557
Creditors: Amounts Falling Due Within One Year 7 (5,982 ) (12,400 )
NET CURRENT ASSETS (LIABILITIES) 3,307 12,157
TOTAL ASSETS LESS CURRENT LIABILITIES 17,133 23,711
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (1,665 ) (2,195 )
NET ASSETS 15,468 21,516
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 15,368 21,416
SHAREHOLDERS' FUNDS 15,468 21,516
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Page 2
For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr N Bourne
Director
31/10/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Npwb & Co Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12388922 . The registered office is 3 Johnsons Barns, Waterworks Road, Petersfield, Hampshire, GU32 2BY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 33% Straight Line
2.3. Foreign Currencies
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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 13,278 6,675 765 20,718
Disposals (13,278 ) - - (13,278 )
As at 31 January 2024 - 6,675 765 7,440
Depreciation
As at 1 February 2023 6,431 2,142 591 9,164
Provided during the period - 907 174 1,081
Disposals (6,431 ) - - (6,431 )
As at 31 January 2024 - 3,049 765 3,814
Net Book Value
As at 31 January 2024 - 3,626 - 3,626
As at 1 February 2023 6,847 4,533 174 11,554
5. Investments
Listed
£
Cost
As at 1 February 2023 -
Additions 10,200
As at 31 January 2024 10,200
Provision
As at 1 February 2023 -
As at 31 January 2024 -
Net Book Value
As at 31 January 2024 10,200
As at 1 February 2023 -
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 145 184
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 5,982 11,078
Taxation and social security - 1,322
5,982 12,400
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8. Deferred Taxation
The deferred tax has been calculated at the effective rate of 19% (2023:19%).
2024 2023
£ £
Other timing differences 1,665 2,195
9. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 February 2023 2,195 2,195
Utilised (530 ) (530)
Balance at 31 January 2024 1,665 1,665
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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