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REGISTERED NUMBER: SC609553 (Scotland)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Nwl Honeywagon Co. Ltd

Nwl Honeywagon Co. Ltd (Registered number: SC609553)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nwl Honeywagon Co. Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTOR: S A M Newall





REGISTERED OFFICE: 90-96 North Street
Alexandria
Dunbartonshire
G83 0EB





REGISTERED NUMBER: SC609553 (Scotland)





ACCOUNTANTS: Accountants Plus
Chartered Certified Accountants
Unit 1 Cadzow Park
82 Muir Street
Hamilton
ML3 6BJ

Nwl Honeywagon Co. Ltd (Registered number: SC609553)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 964,981 734,626

CURRENT ASSETS
Debtors 5 112,754 33,758
Cash at bank 167,246 105,567
280,000 139,325
CREDITORS
Amounts falling due within one year 6 310,160 235,640
NET CURRENT LIABILITIES (30,160 ) (96,315 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

934,821

638,311

CREDITORS
Amounts falling due after more than
one year

7

(191,716

)

(179,479

)

PROVISIONS FOR LIABILITIES (199,015 ) (95,304 )
NET ASSETS 544,090 363,528

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 544,089 363,527
544,090 363,528

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Nwl Honeywagon Co. Ltd (Registered number: SC609553)

Balance Sheet - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 January 2025 and were signed by:





S A M Newall - Director


Nwl Honeywagon Co. Ltd (Registered number: SC609553)

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

1. STATUTORY INFORMATION

Nwl Honeywagon Co. Ltd is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at transaction price, less any impairment. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and bank balances
Cash and bank balances are measured at the transaction price.

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.


Nwl Honeywagon Co. Ltd (Registered number: SC609553)

Notes to the Financial Statements - continued
for the Year Ended 31 October 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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 November 2023 69,886 650,454 1,720
Additions - 297,095 -
Disposals (39,800 ) - -
At 31 October 2024 30,086 947,549 1,720
DEPRECIATION
At 1 November 2023 - 175,477 366
Charge for year - 115,811 271
At 31 October 2024 - 291,288 637
NET BOOK VALUE
At 31 October 2024 30,086 656,261 1,083
At 31 October 2023 69,886 474,977 1,354

Nwl Honeywagon Co. Ltd (Registered number: SC609553)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2023 283,207 11,930 1,017,197
Additions 156,403 2,127 455,625
Disposals - - (39,800 )
At 31 October 2024 439,610 14,057 1,433,022
DEPRECIATION
At 1 November 2023 102,699 4,029 282,571
Charge for year 67,382 2,006 185,470
At 31 October 2024 170,081 6,035 468,041
NET BOOK VALUE
At 31 October 2024 269,529 8,022 964,981
At 31 October 2023 180,508 7,901 734,626

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 110,122 32,637
Amounts owed by participating interests 2,000 -
Prepayments 632 1,121
112,754 33,758

Nwl Honeywagon Co. Ltd (Registered number: SC609553)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 10,370 17,778
Hire purchase contracts and finance leases 139,803 108,251
Trade creditors 15,554 24,898
Amounts owed to participating interests 36,721 -
Tax 100 -
Social security and other taxes 5,108 3,453
Pensions - 255
VAT 44,898 9,527
Other creditors 36,542 20,888
Amex rewards gold card - 756
BA Amex card - (6,395 )
Directors' current accounts 13,663 54,793
Accruals and deferred income 7,401 -
Accrued expenses - 1,436
310,160 235,640

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans - 1-2 years - 10,370
Hire purchase contracts and finance leases 191,716 169,109
191,716 179,479

Nwl Honeywagon Co. Ltd (Registered number: SC609553)

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

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

31.10.24 31.10.23
£    £   
**UNKNOWN DIRECTOR 1**
Balance outstanding at start of year (54,792 ) -
Amounts advanced 41,128 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (13,664 ) -
** BALANCE OUTSTANDING AT START OF YEAR FOR CURRENT YEAR AS
SHOWN ABOVE

(54,792

)
DOES NOT AGREE TO BALANCE OUTSTANDING AT END OF YEAR FOR
LAST YEAR

-

PLEASE CHECK CLIENT SCREEN - NOTES TO FINANCIAL STATEMENTS - OTHER DISCLOSURES - TRANSACTIONS WITH DIRECTORS - DIRECTORS' ADVANCES AND CREDITS - FOR BOTH CURRENT AND LAST YEARS

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S A M Newall.