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REGISTERED NUMBER: 13978937 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2024

for

North West Wellness Limited

North West Wellness Limited (Registered number: 13978937)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


North West Wellness Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: G M Hawthorn





REGISTERED OFFICE: 1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY





REGISTERED NUMBER: 13978937 (England and Wales)





ACCOUNTANTS: Butt Miller
Chartered Accountants
1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY

North West Wellness Limited (Registered number: 13978937)

Statement of Financial Position
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 246,826 272,739

CURRENT ASSETS
Debtors 5 34,586 42,468
Cash at bank and in hand 16,300 8,304
50,886 50,772
CREDITORS
Amounts falling due within one year 6 (633,949 ) (519,615 )
NET CURRENT LIABILITIES (583,063 ) (468,843 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(336,237

)

(196,104

)

CREDITORS
Amounts falling due after more than one
year

7

(107,273

)

(140,000

)
NET LIABILITIES (443,510 ) (336,104 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (443,511 ) (336,105 )
(443,510 ) (336,104 )

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

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

The director acknowledges his 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 director and authorised for issue on 17 February 2025 and were signed by:




G M Hawthorn - Director


North West Wellness Limited (Registered number: 13978937)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

North West Wellness 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.

The previous accounting period was extended to bring it in line with the calendar year. As a result the comparatives, including the notes, are not entirely comparable.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Where payments are received in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - over the term of the primary lease
Plant and machinery - 20% on cost
Fixtures and fittings - 10% on cost
Computer equipment - 25% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Operating leases
Rentals paid under operating leases are charged to the Income Statement on a straight line basis over the period of the lease.

North West Wellness Limited (Registered number: 13978937)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


2. ACCOUNTING POLICIES - continued

Pension costs
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the Income Statement in the period to which they relate.

Going concern
After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, he continues to adopt the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 248,358 23,053 7,821 18,280 297,512
Additions - 277 400 - 677
At 31 December 2024 248,358 23,330 8,221 18,280 298,189
DEPRECIATION
At 1 January 2024 15,274 4,245 684 4,570 24,773
Charge for year 16,557 4,644 819 4,570 26,590
At 31 December 2024 31,831 8,889 1,503 9,140 51,363
NET BOOK VALUE
At 31 December 2024 216,527 14,441 6,718 9,140 246,826
At 31 December 2023 233,084 18,808 7,137 13,710 272,739

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 709 45
Other debtors 1,089 4,023
Prepayments 10,288 15,900
12,086 19,968

Amounts falling due after more than one year:
Other debtors 22,500 22,500

Aggregate amounts 34,586 42,468

North West Wellness Limited (Registered number: 13978937)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans 32,727 32,727
Trade creditors 30,902 24,315
Social security and other taxes 3,117 5,337
VAT 11,481 1,867
Other creditors 71,731 59,685
Director's current account 436,171 365,003
Accruals 47,820 30,681
633,949 519,615

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 32,727 32,727
Bank loans - 2-5 years 74,546 98,182
Bank loans more than 5 years - 9,091
107,273 140,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years - 9,091

The bank has a fixed and floating charge over all the assets and undertakings in the company.

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 37,500 37,500
Between one and five years 150,000 150,000
In more than five years 293,750 331,250
481,250 518,750

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 December 2024 and the period ended 31 December 2023:

2024 2023
£    £   
G M Hawthorn
Balance outstanding at start of year (365,003 ) (216,874 )
Amounts advanced 156,374 30,953
Amounts repaid (227,542 ) (179,082 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (436,171 ) (365,003 )

North West Wellness Limited (Registered number: 13978937)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

The director loaned the company £205,000, on which interest has been charged at 10%. This loan is still outstanding at the 31 December 2024. The remainder of the loan to the company is interest free. All loans are unsecured and repayable on demand.