Company registration number 09323620 (England and Wales)
NW ACCESS MAINTENANCE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
NW ACCESS MAINTENANCE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
NW ACCESS MAINTENANCE LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
67,050
71,853
Current assets
Debtors
4
264,207
96,432
Cash at bank and in hand
594,175
345,289
858,382
441,721
Creditors: amounts falling due within one year
5
(266,950)
(141,347)
Net current assets
591,432
300,374
Total assets less current liabilities
658,482
372,227
Provisions for liabilities
(13,588)
(14,436)
Net assets
644,894
357,791
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
644,893
357,790
Total equity
644,894
357,791

For the financial year ended 31 March 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 of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 12 March 2025
Mr A C Goodwin
Director
Company registration number 09323620 (England and Wales)
NW ACCESS MAINTENANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information

NW Access Maintenance Limited is a private company limited by shares incorporated in England and Wales. The registered office is 45 King Street, Southport, England, PR8 1LG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
10% reducing balance
Plant and equipment
25% reducing balance
Motor vehicles
25% reducing balance
1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantially enacted by the reporting date.

Deferred tax

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. Unrelieved tax losses and other deferred tax assets, are recognised when it is probable that they will be recovered against the reversal of the deferred tax liabilities, or other future taxable profits.

 

Deferred tax is measured using the tax rates and laws that have been enacted, or substantially enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

NW ACCESS MAINTENANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 3 -
1.5
Retirement benefits

A defined contribution plan, is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal, or constructive obligation to pay further contributions, even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

 

Contributions to defined benefit contribution plans are recognised as an employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
11
10
3
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2023
21,506
21,758
91,970
135,234
Additions
-
0
4,668
22,034
26,702
Disposals
-
0
-
0
(36,993)
(36,993)
At 31 March 2024
21,506
26,426
77,011
124,943
Depreciation and impairment
At 1 April 2023
7,397
17,224
38,760
63,381
Depreciation charged in the year
1,411
2,300
15,817
19,528
Eliminated in respect of disposals
-
0
-
0
(25,016)
(25,016)
At 31 March 2024
8,808
19,524
29,561
57,893
Carrying amount
At 31 March 2024
12,698
6,902
47,450
67,050
At 31 March 2023
14,109
4,534
53,210
71,853
NW ACCESS MAINTENANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
201,750
94,865
Other debtors
62,457
1,567
264,207
96,432
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
4,243
1,165
Corporation tax
111,149
65,210
Other creditors
151,558
74,972
266,950
141,347
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