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Registration number: 04922562

NWA Social & Market Research Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

NWA Social & Market Research Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

NWA Social & Market Research Ltd

Company Information

Directors

Mrs Norma Margaret Wilburn

Mr David Wilburn

Company secretary

Mr David Wilburn

Registered office

c/o HMB Accountants Limited
18a Manor Way
Belasis Hall Technology Park
Billingham
Durham
TS23 4HN

Accountants

HMB Accountants Limited 18a Manor Way
Belasis Hall Technology Park
Billingham
TS23 4HN

 

NWA Social & Market Research Ltd

(Registration number: 04922562)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

6,329

7,567

Current assets

 

Stocks

6

515

515

Debtors

7

12,191

5,973

Cash at bank and in hand

 

4,203

4,816

 

16,909

11,304

Creditors: Amounts falling due within one year

8

(29,823)

(23,109)

Net current liabilities

 

(12,914)

(11,805)

Total assets less current liabilities

 

(6,585)

(4,238)

Creditors: Amounts falling due after more than one year

8

(12,405)

(13,361)

Net liabilities

 

(18,990)

(17,599)

Capital and reserves

 

Called up share capital

9

3

3

Retained earnings

(18,993)

(17,602)

Shareholders' deficit

 

(18,990)

(17,599)

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

NWA Social & Market Research Ltd

(Registration number: 04922562)
Balance Sheet as at 31 August 2024

Approved and authorised by the Board on 20 August 2025 and signed on its behalf by:
 

.........................................
Mrs Norma Margaret Wilburn
Director

 

NWA Social & Market Research Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
c/o HMB Accountants Limited
18a Manor Way
Belasis Hall Technology Park
Billingham
Durham
TS23 4HN
England

These financial statements were authorised for issue by the Board on 20 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

NWA Social & Market Research Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% on reducing balance

Computer equipment

33% on cost

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Over 10 years

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2023 - 10).

 

NWA Social & Market Research Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 September 2023

87,500

87,500

At 31 August 2024

87,500

87,500

Amortisation

At 1 September 2023

87,500

87,500

At 31 August 2024

87,500

87,500

Carrying amount

At 31 August 2024

-

-

5

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 September 2023

12,530

9,035

19,480

41,045

At 31 August 2024

12,530

9,035

19,480

41,045

Depreciation

At 1 September 2023

5,990

8,008

19,480

33,478

Charge for the year

981

257

-

1,238

At 31 August 2024

6,971

8,265

19,480

34,716

Carrying amount

At 31 August 2024

5,559

770

-

6,329

At 31 August 2023

6,540

1,027

-

7,567

Included within the net book value of land and buildings above is £5,559 (2023 - £6,540) in respect of freehold land and buildings.
 

6

Stocks

2024
£

2023
£

Work in progress

515

515

 

NWA Social & Market Research Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

7

Debtors

Current

2024
£

2023
£

Trade debtors

4,985

3,644

Other debtors

7,206

2,329

 

12,191

5,973

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

10

10,766

13,057

Trade creditors

 

-

(20)

Taxation and social security

 

5,577

7,971

Other creditors

 

13,480

2,101

 

29,823

23,109

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

12,405

13,361

9

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

3

3

3

3

         
 

NWA Social & Market Research Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

10

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

12,405

13,361

Current loans and borrowings

2024
£

2023
£

Bank overdrafts

4,977

7,268

Other borrowings

5,789

5,789

10,766

13,057

11

Related party transactions

 

NWA Social & Market Research Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

18,254

28,254

12

Parent and ultimate parent undertaking

The ultimate controlling party is Mrs Norma Wilburn.