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REGISTERED NUMBER: 05738059 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

NORTHWAY COMMUNICATIONS SERVICES (UK)
LIMITED

NORTHWAY COMMUNICATIONS SERVICES (UK)
LIMITED (REGISTERED NUMBER: 05738059)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NORTHWAY COMMUNICATIONS SERVICES (UK)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: R P Bartlett
G Denning
D P Sutherland





REGISTERED OFFICE: The Loft Suite
Deer Park Business Centre
Eckington
Pershore
WR10 3DN





REGISTERED NUMBER: 05738059 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

NORTHWAY COMMUNICATIONS SERVICES (UK)
LIMITED (REGISTERED NUMBER: 05738059)

BALANCE SHEET
31 MARCH 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 174,404 221,639

CURRENT ASSETS
Stocks 2,020 1,395
Debtors 5 207,154 97,443
Cash at bank 503,264 476,445
712,438 575,283
CREDITORS
Amounts falling due within one year 6 244,357 140,752
NET CURRENT ASSETS 468,081 434,531
TOTAL ASSETS LESS CURRENT
LIABILITIES

642,485

656,170

PROVISIONS FOR LIABILITIES 43,601 52,137
NET ASSETS 598,884 604,033

CAPITAL AND RESERVES
Called up share capital 731 731
Retained earnings 598,153 603,302
SHAREHOLDERS' FUNDS 598,884 604,033

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

NORTHWAY COMMUNICATIONS SERVICES (UK)
LIMITED (REGISTERED NUMBER: 05738059)

BALANCE SHEET - continued
31 MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by:




G Denning - Director R P Bartlett - Director




D P Sutherland - Director


NORTHWAY COMMUNICATIONS SERVICES (UK)
LIMITED (REGISTERED NUMBER: 05738059)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Northway Communications Services (Uk) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts. Revenue is recognised in accordance with the stage of contract completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% 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.

Financial instruments
Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

NORTHWAY COMMUNICATIONS SERVICES (UK)
LIMITED (REGISTERED NUMBER: 05738059)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Going concern
The directors have considered the risks and issues concerning the company and it's activities and no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern have been identified by them.

Provisions
Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 8,622 89,864 257,790 356,276
Additions - 1,658 75,995 77,653
Disposals - - (93,260 ) (93,260 )
At 31 March 2024 8,622 91,522 240,525 340,669
DEPRECIATION
At 1 April 2023 8,622 54,145 71,870 134,637
Charge for year - 9,660 63,787 73,447
Eliminated on disposal - - (41,819 ) (41,819 )
At 31 March 2024 8,622 63,805 93,838 166,265
NET BOOK VALUE
At 31 March 2024 - 27,717 146,687 174,404
At 31 March 2023 - 35,719 185,920 221,639

NORTHWAY COMMUNICATIONS SERVICES (UK)
LIMITED (REGISTERED NUMBER: 05738059)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 84,613 4,204
Other debtors 10,126 8,422
Directors' loan accounts 24,870 7,698
Accrued income 77,754 71,654
Prepayments 9,791 5,465
207,154 97,443

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade creditors 72,267 38,641
Amounts owed to group undertakings 7,644 7,970
Corporation Tax 112,751 49,842
Social security and other taxes 4,757 4,410
Pensions control 898 669
Wage Control - 945
VAT 35,472 31,871
Other creditors 3,119 871
Directors' loan accounts - 1,454
Accrued expenses 7,449 4,079
244,357 140,752

7. OTHER FINANCIAL COMMITMENTS

The company had total commitments at the year end of £70,196 (2023 £65,034).

8. TRANSACTIONS WITH DIRECTORS

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
as restated
£    £   
G Denning
Balance outstanding at start of year 7,698 6,510
Amounts advanced 10,120 9,500
Amounts repaid (8,870 ) (8,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,948 7,698

NORTHWAY COMMUNICATIONS SERVICES (UK)
LIMITED (REGISTERED NUMBER: 05738059)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. TRANSACTIONS WITH DIRECTORS - continued

R P Bartlett
Balance outstanding at start of year (312 ) 1,170
Amounts advanced 9,000 -
Amounts repaid (312 ) (1,482 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,376 (312 )

D P Sutherland
Balance outstanding at start of year (1,142 ) (830 )
Amounts advanced 9,000 -
Amounts repaid (312 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,546 (1,142 )

No interest is being charged on the loans and there are no set repayment terms.

9. ULTIMATE PARENT COMPANY

During 2017, the shares in the company were acquired by Northway Communications Holdings Limited such that Northway Communications Services (UK) Limited is now a fully owned subsidiary of the company. The parent company's registered address is Unit B1 The Courtyard, Tewkesbury Business Park, Tewkesbury, Gloucestershire, GL20 8GD.