NORTHWEST GUITARS LIMITED

Company Registration Number:
07861752 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2025

Period of accounts

Start date: 1 April 2024

End date: 31 March 2025

NORTHWEST GUITARS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2025

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

NORTHWEST GUITARS LIMITED

Directors' report period ended 31 March 2025

The directors present their report with the financial statements of the company for the period ended 31 March 2025

Directors

The director shown below has held office during the whole of the period from
1 April 2024 to 31 March 2025

Kevin Grey

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
10 December 2025

And signed on behalf of the board by:
Name: Kevin Grey
Status: Director

NORTHWEST GUITARS LIMITED

Profit And Loss Account

for the Period Ended 31 March 2025

2025 2024


£
£
Turnover: 1,398,952 1,212,151
Cost of sales: ( 1,034,140 ) ( 784,652 )
Gross profit(or loss): 364,812 427,499
Distribution costs: ( 9,614 ) ( 9,074 )
Administrative expenses: ( 287,987 ) ( 342,860 )
Operating profit(or loss): 67,211 75,565
Interest payable and similar charges: ( 7,807 ) ( 10,740 )
Profit(or loss) before tax: 59,404 64,825
Tax: ( 10,718 ) ( 14,480 )
Profit(or loss) for the financial year: 48,686 50,345

NORTHWEST GUITARS LIMITED

Balance sheet

As at 31 March 2025

Notes 2025 2024


£
£
Fixed assets
Tangible assets: 3 7,935 7,563
Total fixed assets: 7,935 7,563
Current assets
Stocks: 4 225,246 150,000
Debtors: 5 337,041 127,701
Cash at bank and in hand: 11,721 251,786
Total current assets: 574,008 529,487
Creditors: amounts falling due within one year: 6 ( 115,745 ) ( 76,728 )
Net current assets (liabilities): 458,263 452,759
Total assets less current liabilities: 466,198 460,322
Total net assets (liabilities): 466,198 460,322
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 466,098 460,222
Total Shareholders' funds: 466,198 460,322

The notes form part of these financial statements

NORTHWEST GUITARS LIMITED

Balance sheet statements

For the year ending 31 March 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.

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

This report was approved by the board of directors on 10 December 2025
and signed on behalf of the board by:

Name: Kevin Grey
Status: Director

The notes form part of these financial statements

NORTHWEST GUITARS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 1. Accounting policies

    Basis of measurement and preparation

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

    Tangible fixed assets depreciation policy

    Plant & Machinery - 25% Reducing balance Fixtures & Fittings - 25% Reducing balance Computer Equipment - 25% Reducing balance

NORTHWEST GUITARS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 4 6

NORTHWEST GUITARS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2024 19,288 15,001 16,864 51,153
Additions 1,558 491 1,024 3,073
Disposals
Revaluations
Transfers
At 31 March 2025 20,846 15,492 17,888 54,226
Depreciation
At 1 April 2024 16,217 11,892 15,481 43,590
Charge for year 1,199 900 602 2,701
On disposals
Other adjustments
At 31 March 2025 17,416 12,792 16,083 46,291
Net book value
At 31 March 2025 3,430 2,700 1,805 7,935
At 31 March 2024 3,071 3,109 1,383 7,563

NORTHWEST GUITARS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Stocks

2025 2024
£ £
Stocks 225,246 150,000
Total 225,246 150,000

NORTHWEST GUITARS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

5. Debtors

2025 2024
£ £
Trade debtors 337,041 127,701
Total 337,041 127,701

NORTHWEST GUITARS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

6. Creditors: amounts falling due within one year note

2025 2024
£ £
Trade creditors 115,745 76,728
Total 115,745 76,728