REGISTERED NUMBER: 12347803 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Netherton Motor Company (NW) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr K P Ellison

Mr K Morton

Mr J E Williams

REGISTERED OFFICE:

13 Liverpool Road North

Maghull

Merseyside

L31 2HB

REGISTERED NUMBER:

12347803 (England and Wales)

ACCOUNTANTS:

McParland Williams Limited

13 Liverpool Road North

Maghull

Merseyside

L31 2HB

FIXED ASSETS

Tangible assets

4

1,079

1,470

CURRENT ASSETS

Stocks

600

750

Debtors

5

101,089

88,220

Cash at bank

22,904

20,238

124,593

109,208

CREDITORS

Amounts falling due within one year

6

99,671

90,071

NET CURRENT ASSETS

24,922

19,137

TOTAL ASSETS LESS CURRENT LIABILITIES

26,001

20,607

CAPITAL AND RESERVES

Called up share capital

99

99

Retained earnings

25,902

20,508

26,001

20,607

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 4 September 2025 and were signed on its behalf by:

Mr K P Ellison - Director

Mr K Morton - Director

Mr J E Williams - Director

1.	STATUTORY INFORMATION

Netherton Motor Company (NW) Ltd 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.

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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 3 ).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Office

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

2,728

494

3,222

DEPRECIATION

At 1 January 2024

1,588

164

1,752

Charge for year

228

163

391

At 31 December 2024

1,816

327

2,143

NET BOOK VALUE

At 31 December 2024

912

167

1,079

At 31 December 2023

1,140

330

1,470

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

3,572

1,995

Amounts owed by group undertakings

92,026

82,817

Other debtors

5,491

3,408

101,089

88,220

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

31,505

47,394

Taxation and social security

11,569

10,319

Other creditors

56,597

32,358

99,671

90,071