REGISTERED NUMBER: 08436427 (England and Wales)

NORTH WEST TOWBARS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N R Batchelor

REGISTERED OFFICE:

215 Chestergate

Stockport

SK3 0AN

REGISTERED NUMBER:

08436427 (England and Wales)

ACCOUNTANTS:

Clarke Nicklin LLP

Chartered Accountants

Clarke Nicklin House

Brooks Drive

Cheadle Royal Business Park

Cheadle

Cheshire

SK8 3TD

FIXED ASSETS

Intangible assets

4

3,960

1,000

Tangible assets

5

2,691

2,215

6,651

3,215

CURRENT ASSETS

Stocks

81,334

69,537

Debtors

6

13,335

33,149

Cash at bank and in hand

62,765

47,223

157,434

149,909

CREDITORS

Amounts falling due within one year

7

86,186

58,352

NET CURRENT ASSETS

71,248

91,557

TOTAL ASSETS LESS CURRENT LIABILITIES

77,899

94,772

PROVISIONS FOR LIABILITIES

673

554

NET ASSETS

77,226

94,218

CAPITAL AND RESERVES

Called up share capital

8

75

75

Retained earnings

77,151

94,143

SHAREHOLDERS' FUNDS

77,226

94,218

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 August 2026 and were signed by:

N R Batchelor - Director

1.	STATUTORY INFORMATION

North West Towbars 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.

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.

Intangible fixed assets

Website development costs are being amortised over its estimated useful life of 5 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

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 Statement of Income and Retained Earnings, 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

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 8 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 December 2024

8,675

Additions

4,950

At 30 November 2025

13,625

AMORTISATION

At 1 December 2024

7,675

Charge for year

1,990

At 30 November 2025

9,665

NET BOOK VALUE

At 30 November 2025

3,960

At 30 November 2024

1,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 December 2024

1,091

23,408

14,422

38,921

Additions

-

-

1,166

1,166

At 30 November 2025

1,091

23,408

15,588

40,087

DEPRECIATION

At 1 December 2024

1,050

22,367

13,289

36,706

Charge for year

10

260

420

690

At 30 November 2025

1,060

22,627

13,709

37,396

NET BOOK VALUE

At 30 November 2025

31

781

1,879

2,691

At 30 November 2024

41

1,041

1,133

2,215

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

9,019

9,363

Directors' current accounts

-

19,573

Prepayments and accrued income

4,316

4,213

13,335

33,149

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

43,804

20,405

Corporation tax

14,893

19,362

Social security and other taxes

4,891

2,476

VAT

11,423

10,270

Other creditors

6,585

2,983

Directors' current accounts

410

-

Accruals and deferred income

4,180

2,856

86,186

58,352

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2025

2024

value:

£

£

75

Share capital 1

£1

75

75

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2025 and 30 November 2024:

2025

2024

£

£

N R Batchelor

Balance outstanding at start of year

19,573

(1,377

)

Amounts advanced

-

21,450

Amounts repaid

(19,573

)

(500

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

19,573

During the period, the company paid rent totalling £25,413 (2024: £36,000) to Mr N Batchelor.

10.	ULTIMATE CONTROLLING PARTY

In the opinion of the directors, the ultimate controlling party is Mr N Batchelor and Mrs D Batchelor holding 100% of the shares.