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REGISTERED NUMBER: 05245573 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

NWS GASES LIMITED

NWS GASES LIMITED (REGISTERED NUMBER: 05245573)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NWS GASES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr P Bishton
Mrs M Bishton
Mrs J Tew





SECRETARY: Mrs J Tew





REGISTERED OFFICE: Whitacre Road Industrial Estate
Whitacre Road
Nuneaton
Warwickshire
CV11 6BY





REGISTERED NUMBER: 05245573 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG

NWS GASES LIMITED (REGISTERED NUMBER: 05245573)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 9,615 12,474
9,615 12,474

CURRENT ASSETS
Stocks 45,147 43,325
Debtors 6 96,655 123,605
Cash at bank and in hand 274,172 263,241
415,974 430,171
CREDITORS
Amounts falling due within one year 7 141,018 141,339
NET CURRENT ASSETS 274,956 288,832
TOTAL ASSETS LESS CURRENT
LIABILITIES

284,571

301,306

CREDITORS
Amounts falling due after more than
one year

8

24,063

52,604
NET ASSETS 260,508 248,702

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 260,408 248,602
SHAREHOLDERS' FUNDS 260,508 248,702

NWS GASES LIMITED (REGISTERED NUMBER: 05245573)

BALANCE SHEET - continued
30 APRIL 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 Board of Directors and authorised for issue on 30 January 2025 and were signed on its behalf by:





Mr P Bishton - Director


NWS GASES LIMITED (REGISTERED NUMBER: 05245573)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

NWS Gases 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 consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

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.


NWS GASES LIMITED (REGISTERED NUMBER: 05245573)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 4 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 20,000
AMORTISATION
At 1 May 2023
and 30 April 2024 20,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

NWS GASES LIMITED (REGISTERED NUMBER: 05245573)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Office
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023
and 30 April 2024 5,200 7,450 22,750 3,563 38,963
DEPRECIATION
At 1 May 2023 2,080 5,742 15,817 2,850 26,489
Charge for year 520 428 1,733 178 2,859
At 30 April 2024 2,600 6,170 17,550 3,028 29,348
NET BOOK VALUE
At 30 April 2024 2,600 1,280 5,200 535 9,615
At 30 April 2023 3,120 1,708 6,933 713 12,474

Assets held under hire purchase, included in motor vehicles above, have a carrying value of £3,866 (2023: £5,155).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,501 51,838
Other debtors 72,154 71,767
96,655 123,605

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 26,250 26,250
Hire purchase contracts (see note 9)
2,291

2,499
Trade creditors 35,009 45,115
Taxation and social security 15,830 22,615
Other creditors 61,638 44,860
141,018 141,339

Amounts included in Bank loans and overdrafts relate to loans taken out under the Coronavirus Business Interruption Loan Scheme (CBILS). Under the terms of the loan the first 12 months of interest payments are interest free. Following the first 12 months regular monthly repayments will commence and interest will be charged at 6.03%.

NWS GASES LIMITED (REGISTERED NUMBER: 05245573)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 24,063 50,313
Hire purchase contracts (see note 9)
-

2,291
24,063 52,604

Amounts included in Bank loans relate to loans taken out under the Coronavirus Business Interruption Loan Scheme (CBILS). Under the terms of the loan the first 12 months of interest payments are interest free. Following the first 12 months regular monthly repayments will commence and interest will be charged at 6.03%.

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 2,291 2,499
Between one and five years - 2,291
2,291 4,790

Non-cancellable operating leases
2024 2023
£    £   
Within one year 25,079 14,539
Between one and five years - 25,079
25,079 39,618

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 2,291 4,790