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REGISTERED NUMBER: 02783505 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

NORWOOD CONSULTANTS LIMITED

NORWOOD CONSULTANTS LIMITED (REGISTERED NUMBER: 02783505)

Contents of the Financial Statements
for the Year Ended 31 March 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NORWOOD CONSULTANTS LIMITED

Company Information
for the Year Ended 31 March 2025







DIRECTORS: R J Wood
Mrs W J Wood
J Hurn





REGISTERED OFFICE: 153 -155 London Road
Hemel Hempstead
Hertfordshire
HP3 9SQ





REGISTERED NUMBER: 02783505 (England and Wales)

NORWOOD CONSULTANTS LIMITED (REGISTERED NUMBER: 02783505)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 522 3,638

CURRENT ASSETS
Stocks 13,048 7,895
Debtors 5 165,889 307,581
Cash at bank 830,429 929,317
1,009,366 1,244,793
CREDITORS
Amounts falling due within one year 6 140,866 259,900
NET CURRENT ASSETS 868,500 984,893
TOTAL ASSETS LESS CURRENT
LIABILITIES

869,022

988,531

CAPITAL AND RESERVES
Called up share capital 8 52 52
Capital redemption reserve 9 50 50
Retained earnings 9 868,920 988,429
SHAREHOLDERS' FUNDS 869,022 988,531

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

NORWOOD CONSULTANTS LIMITED (REGISTERED NUMBER: 02783505)

Balance Sheet - continued
31 March 2025


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 Board of Directors and authorised for issue on 17 July 2025 and were signed on its behalf by:





R J Wood - Director


NORWOOD CONSULTANTS LIMITED (REGISTERED NUMBER: 02783505)

Notes to the Financial Statements
for the Year Ended 31 March 2025


1. STATUTORY INFORMATION

Norwood Consultants Limited is a private company, limited by shares , registered in England and Wales. 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.

Going concern
The directors have reviewed cash flow projections and based on this have a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future. Therefore, the accounts have been prepared on a going concern basis.

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.
Improvements to property - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Operating 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 10 (2024 - 10 ) .

NORWOOD CONSULTANTS LIMITED (REGISTERED NUMBER: 02783505)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2024
and 31 March 2025 24,731 13,863 4,000 39,510 82,104
DEPRECIATION
At 1 April 2024 24,731 13,627 4,000 36,108 78,466
Charge for year - 192 - 2,924 3,116
At 31 March 2025 24,731 13,819 4,000 39,032 81,582
NET BOOK VALUE
At 31 March 2025 - 44 - 478 522
At 31 March 2024 - 236 - 3,402 3,638

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 138,964 281,351
Other debtors 26,925 26,230
165,889 307,581

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 16,643 51,946
Taxation and social security 58,165 158,223
Other creditors 66,058 49,731
140,866 259,900

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 15,067 17,559
Between one and five years 32,506 11,938
47,573 29,497

NORWOOD CONSULTANTS LIMITED (REGISTERED NUMBER: 02783505)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
50 Ordinary £1 50 50
2 A Ordinary £1 2 2
52 52

9. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 April 2024 988,429 50 988,479
Profit for the year 491 491
Dividends (120,000 ) (120,000 )
At 31 March 2025 868,920 50 868,970

10. RELATED PARTY DISCLOSURES

During the year, rent amounting to £15,000 (2024: £15,000) was paid to landlords R Wood and W Wood, directors of Norwood Consultants Ltd.