Company Registration No. 04886502 (England and Wales)
Nordwell Ltd
Unaudited accounts
for the year ended 30 September 2024
Nordwell Ltd
Unaudited accounts
Contents
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
Nordwell Ltd
Statement of financial position
as at 30 September 2024
Tangible assets
137,699
89,018
Cash at bank and in hand
58,562
42,807
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)
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
Nordwell Ltd
Notes to the Accounts
for the year ended 30 September 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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 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.
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.
Nordwell Ltd
Notes to the Accounts
for the year ended 30 September 2024
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
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
At 30 September 2024
61,185
71,431
5,083
137,699
At 30 September 2023
-
84,037
4,981
89,018
Amounts falling due within one year
Trade debtors
110,337
124,754
Accrued income and prepayments
4,012
16,484
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,537
10,000
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
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
Obligations under finance leases and hire purchase contracts
60,250
23,590
8
Average number of employees
During the year the average number of employees was 18 (2023: 19).