REGISTERED NUMBER: 05414855 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

NORWEST PROJECTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A R J Barlow

SECRETARY:

Mrs K L Barlow

REGISTERED OFFICE:

Office 1

Ellenbrook Village Centre

Morston Close

Worsley

Greater Manchester

M28 1PB

REGISTERED NUMBER:

05414855 (England and Wales)

ACCOUNTANTS:

Percy Westhead & Company

Chartered Accountants

Hanover House

30-32 Charlotte Street

Manchester

M1 4FD

FIXED ASSETS

Tangible assets

4

83,938

108,231

CURRENT ASSETS

Debtors

5

692,015

372,586

Cash at bank

805,971

688,531

1,497,986

1,061,117

CREDITORS

Amounts falling due within one year

6

341,531

169,794

NET CURRENT ASSETS

1,156,455

891,323

TOTAL ASSETS LESS CURRENT LIABILITIES

1,240,393

999,554

PROVISIONS FOR LIABILITIES

20,984

27,058

NET ASSETS

1,219,409

972,496

CAPITAL AND RESERVES

Called up share capital

91

91

Retained earnings

1,219,318

972,405

1,219,409

972,496

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

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

The director acknowledges his 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 director and authorised for issue on 4th December 2025 and were signed by:

A R J Barlow - Director

1.	STATUTORY INFORMATION

Norwest Projects 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st April 2024

244,080

26,262

270,342

Additions

-

17,684

17,684

At 31st March 2025

244,080

43,946

288,026

DEPRECIATION

At 1st April 2024

136,815

25,296

162,111

Charge for year

41,011

966

41,977

At 31st March 2025

177,826

26,262

204,088

NET BOOK VALUE

At 31st March 2025

66,254

17,684

83,938

At 31st March 2024

107,265

966

108,231

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

Motor

vehicles

£

COST

At 1st April 2024

50,017

Transfer to ownership

(50,017

)

At 31st March 2025

-

DEPRECIATION

At 1st April 2024

12,504

Charge for year

12,505

Transfer to ownership

(25,009

)

At 31st March 2025

-

NET BOOK VALUE

At 31st March 2025

-

At 31st March 2024

37,513

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

669,716

365,546

Other debtors

10,299

7,040

680,015

372,586

Amounts falling due after more than one year:

Other debtors

12,000

-

Aggregate amounts

692,015

372,586

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

-

2,997

Trade creditors

106,524

83,067

Corporation tax

103,998

6,972

Social security and other taxes

12,718

9,274

VAT

86,386

38,222

Other creditors

14,647

15,107

Accruals and deferred income

17,258

14,155

341,531

169,794

7.	RELATED PARTY DISCLOSURES

During the year the company made a £15,000 loan advance to The Norwest Environmental Limited Directors Pension Scheme. The loan advance is unsecured and attracts interest at an annual rate of 1% above the Clearing Banks Base Rate. The loan outstanding as at 31st March 2025 was £15,000 (2024: £nil).