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Company Registration No. 07328079 (England and Wales)
Nwev Services Ltd Unaudited accounts for the year ended 31 July 2024
Nwev Services Ltd Unaudited accounts Contents
Page
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Nwev Services Ltd Company Information for the year ended 31 July 2024
Directors
Neil James Wallace Emma Michelle Wallace
Company Number
07328079 (England and Wales)
Registered Office
10 The Crofts Upper Halliford Green Shepperton Middlesex TW17 8SD England
Accountants
P10 Accountancy Ltd 77A Richmond Road Twickenham TW1 3AW
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Nwev Services Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1 
1 
Current assets
Debtors
- 
300 
Cash at bank and in hand
21,582 
7,943 
21,582 
8,243 
Creditors: amounts falling due within one year
(5,084)
(2,337)
Net current assets
16,498 
5,906 
Net assets
16,499 
5,907 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
16,399 
5,807 
Shareholders' funds
16,499 
5,907 
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2024 and were signed on its behalf by
Neil James Wallace Director Company Registration No. 07328079
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Nwev Services Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Nwev Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 07328079. The registered office is 10 The Crofts, Upper Halliford Green, Shepperton, Middlesex, TW17 8SD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Straight Line
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Presentation currency
The accounts are presented in £ sterling.
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Nwev Services Ltd Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2023
2,475 
At 31 July 2024
2,475 
Depreciation
At 1 August 2023
2,474 
At 31 July 2024
2,474 
Net book value
At 31 July 2024
1 
At 31 July 2023
1 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
300 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
2,484 
1,837 
Loans from directors
2,100 
- 
Accruals
500 
500 
5,084 
2,337 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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