REGISTERED NUMBER: 07904777 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

NIGEL WILLIS MARKETING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N M Willis

D C Morris

T J Hawkins

REGISTERED OFFICE:

Hillman Building

46 - 48 Ennersdale Road

London

SE13 6JB

REGISTERED NUMBER:

07904777 (England and Wales)

ACCOUNTANTS:

Jones Harris Limited

17 St Peters Place

Fleetwood

Lancashire

FY7 6EB

FIXED ASSETS

Tangible assets

4

127,976

101,576

Investment property

5

240,795

-

368,771

101,576

CURRENT ASSETS

Debtors

6

1,851,262

1,279,847

Cash at bank

104,150

426,884

1,955,412

1,706,731

CREDITORS

Amounts falling due within one year

7

(974,935

)

(830,141

)

NET CURRENT ASSETS

980,477

876,590

TOTAL ASSETS LESS CURRENT LIABILITIES

1,349,248

978,166

CREDITORS

Amounts falling due after more than one year

8

(89,263

)

(75,967

)

PROVISIONS FOR LIABILITIES

9

(19,851

)

(23,695

)

NET ASSETS

1,240,134

878,504

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,240,034

878,404

1,240,134

878,504

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

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

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 30 September 2025 and were signed on its behalf by:

N M Willis - Director

1.	STATUTORY INFORMATION

Nigel Willis Marketing 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Going concern

The directors are satisfied at the time of approving the financial statements that the company has adequate resources to continue to operate for the foreseeable future and as such, continues to adopt the going concern basis in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 February 2024

11,914

8,118

225,261

245,293

Additions

-

3,299

114,764

118,063

Disposals

-

-

(143,812

)

(143,812

)

At 31 January 2025

11,914

11,417

196,213

219,544

DEPRECIATION

At 1 February 2024

5,996

6,272

131,449

143,717

Charge for year

1,479

750

32,460

34,689

Eliminated on disposal

-

-

(86,838

)

(86,838

)

At 31 January 2025

7,475

7,022

77,071

91,568

NET BOOK VALUE

At 31 January 2025

4,439

4,395

119,142

127,976

At 31 January 2024

5,918

1,846

93,812

101,576

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 February 2024

144,412

Additions

114,764

Disposals

(123,812

)

At 31 January 2025

135,364

DEPRECIATION

At 1 February 2024

68,424

Charge for year

28,104

Eliminated on disposal

(68,940

)

At 31 January 2025

27,588

NET BOOK VALUE

At 31 January 2025

107,776

At 31 January 2024

75,988

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

240,795

At 31 January 2025

240,795

NET BOOK VALUE

At 31 January 2025

240,795

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,020,525

847,137

Directors' current accounts

784,549

299,779

Tax

4,988

101,175

VAT

41,200

31,756

1,851,262

1,279,847

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

140,638

-

Hire purchase contracts

10,778

9,518

Trade creditors

619,108

472,246

Tax

141,498

316,131

Social security and other taxes

56,034

26,746

Accruals and deferred income

6,879

5,500

974,935

830,141

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

89,263

75,967

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

19,851

23,695

Deferred

tax

£

Balance at 1 February 2024

23,695

Credit to Income Statement during year

(3,844

)

Balance at 31 January 2025

19,851

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

2025

2024

£

£

N M Willis

Balance outstanding at start of year

299,779

-

Amounts advanced

770,082

299,989

Amounts repaid

(285,312

)

(210

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

784,549

299,779

The loan to the director was unsecured and repayable on demand. Interest is payable at the HMRC rate applicable to beneficial loan arrangements.