NWM IT LTD

Company Registration Number:
13853604 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2025

Period of accounts

Start date: 01 February 2024

End date: 31 January 2025

NWM IT LTD

Contents of the Financial Statements

for the Period Ended 31 January 2025

Balance sheet
Notes

NWM IT LTD

Balance sheet

As at 31 January 2025


Notes

2025

2024


£

£
Fixed assets
Tangible assets: 3 1,566 5,774
Total fixed assets: 1,566 5,774
Current assets
Debtors: 4 14,839 11,090
Cash at bank and in hand: 4,190 3,173
Total current assets: 19,029 14,263
Creditors: amounts falling due within one year:   (5,976) (6,936)
Net current assets (liabilities): 13,053 7,327
Total assets less current liabilities: 14,619 13,101
Total net assets (liabilities): 14,619 13,101
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 14,618 13,100
Shareholders funds: 14,619 13,101

The notes form part of these financial statements

NWM IT LTD

Balance sheet statements

For the year ending 31 January 2025 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 August 2025
and signed on behalf of the board by:

Name: Miss Ciri-Ann John
Status: Director

The notes form part of these financial statements

NWM IT LTD

Notes to the Financial Statements

for the Period Ended 31 January 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. Rendering of services 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Motor Vehicles - 25% Reducing balance method Computer Equipment - 33.33% Straight line method

Other accounting policies

Foreign Currencies Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit. Taxation Income 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 profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

NWM IT LTD

Notes to the Financial Statements

for the Period Ended 31 January 2025

2. Employees

2025 2024
Average number of employees during the period 2 2

NWM IT LTD

Notes to the Financial Statements

for the Period Ended 31 January 2025

3. Tangible Assets

Total
Cost £
At 01 February 2024 13,684
At 31 January 2025 13,684
Depreciation
At 01 February 2024 7,910
Charge for year 4,208
At 31 January 2025 12,118
Net book value
At 31 January 2025 1,566
At 31 January 2024 5,774

NWM IT LTD

Notes to the Financial Statements

for the Period Ended 31 January 2025

4. Debtors

2025 2024
££
Debtors due after more than one year: 14,839 11,090

NWM IT LTD

Notes to the Financial Statements

for the Period Ended 31 January 2025

5. Loans to directors

Name of director receiving advance or credit: Miss Ciri-Ann John
Description of the loan: Included within Debtors are the following loans to directors:
£
Balance at 01 February 2024 7,457
Advances or credits made: 2,400
Advances or credits repaid: 830
Balance at 31 January 2025 9,027