1 October 2023 false No description of principal activity Taxfiler 2024.6 04886502business:PrivateLimitedCompanyLtd2023-10-012024-09-30 048865022023-09-30 048865022023-10-012024-09-30 04886502business:AuditExemptWithAccountantsReport2023-10-012024-09-30 04886502business:FilletedAccounts2023-10-012024-09-30 048865022024-09-30 04886502business:Director12023-10-012024-09-30 04886502business:RegisteredOffice2023-10-012024-09-30 048865022023-09-30 04886502core:WithinOneYear2024-09-30 04886502core:WithinOneYear2023-09-30 04886502core:AfterOneYear2024-09-30 04886502core:AfterOneYear2023-09-30 04886502core:ShareCapitalcore:PreviouslyStatedAmount2024-09-30 04886502core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 04886502core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-09-30 04886502core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 04886502core:PreviouslyStatedAmount2024-09-30 04886502core:PreviouslyStatedAmount2023-09-30 04886502business:SmallEntities2023-10-012024-09-30 04886502countries:EnglandWales2023-10-012024-09-30 04886502core:PlantMachinery2023-10-012024-09-30 04886502core:MotorVehicles2023-10-012024-09-30 04886502core:FurnitureFittings2023-10-012024-09-30 04886502core:PlantMachinery2023-09-30 04886502core:MotorVehicles2023-09-30 04886502core:FurnitureFittings2023-09-30 04886502core:PlantMachinery2024-09-30 04886502core:MotorVehicles2024-09-30 04886502core:FurnitureFittings2024-09-30 048865022022-10-012023-09-30 iso4217:GBP xbrli:pure
Company Registration No. 04886502 (England and Wales)
Nordwell Ltd Unaudited accounts for the year ended 30 September 2024
Nordwell Ltd Unaudited accounts Contents
Page
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Nordwell Ltd Company Information for the year ended 30 September 2024
Director
Matthew Ryan Daniel Palmer
Company Number
04886502 (England and Wales)
Registered Office
112 Hellesdon Park Ind. Estate Drayton High Road Norwich NR6 5DR England
Accountants
Together Accounting Limited 17-19 St Georges Street Norwich Norfolk NR3 1AB
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Nordwell Ltd Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
137,699 
89,018 
Current assets
Inventories
15,640 
10,863 
Debtors
131,738 
141,531 
Cash at bank and in hand
58,562 
42,807 
205,940 
195,201 
Creditors: amounts falling due within one year
(193,106)
(184,377)
Net current assets
12,834 
10,824 
Total assets less current liabilities
150,533 
99,842 
Creditors: amounts falling due after more than one year
(60,250)
(46,090)
Provisions for liabilities
Deferred tax
(34,424)
(16,913)
Net assets
55,859 
36,839 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
55,857 
36,837 
Shareholders' funds
55,859 
36,839 
For the year ending 30 September 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 director acknowledges his 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 and authorised for issue on 26 June 2025 and were signed on its behalf by
Matthew Ryan Daniel Palmer Director Company Registration No. 04886502
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Nordwell Ltd Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Nordwell Ltd is a private company, limited by shares, registered in England and Wales, registration number 04886502. The registered office is 112 Hellesdon Park Ind. Estate, Drayton High Road, Norwich, NR6 5DR, 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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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:
Plant & machinery
15% Reducing Balance Method
Motor vehicles
15% Reducing Balance Method
Fixtures & fittings
25% Reducing Balance Method
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Nordwell Ltd Notes to the Accounts for the year ended 30 September 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2023
- 
264,485 
8,824 
273,309 
Additions
64,405 
- 
939 
65,344 
At 30 September 2024
64,405 
264,485 
9,763 
338,653 
Depreciation
At 1 October 2023
- 
180,448 
3,843 
184,291 
Charge for the year
3,220 
12,606 
837 
16,663 
At 30 September 2024
3,220 
193,054 
4,680 
200,954 
Net book value
At 30 September 2024
61,185 
71,431 
5,083 
137,699 
At 30 September 2023
- 
84,037 
4,981 
89,018 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
110,337 
124,754 
Accrued income and prepayments
4,012 
16,484 
Other debtors
17,389 
293 
131,738 
141,531 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
3,537 
10,000 
VAT
48,986 
49,976 
Obligations under finance leases and hire purchase contracts
23,780 
11,529 
Trade creditors
87,646 
85,122 
Taxes and social security
26,878 
25,420 
Other creditors
2,279 
2,330 
193,106 
184,377 
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Nordwell Ltd Notes to the Accounts for the year ended 30 September 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
22,500 
Obligations under finance leases and hire purchase contracts
60,250 
23,590 
60,250 
46,090 
8
Average number of employees
During the year the average number of employees was 18 (2023: 19).
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