REGISTERED NUMBER: 05414855 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2026

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

90,466

83,938

Investment property

5

228,457

-

318,923

83,938

CURRENT ASSETS

Debtors

6

703,376

692,015

Cash at bank

757,911

805,971

1,461,287

1,497,986

CREDITORS

Amounts falling due within one year

7

427,681

341,531

NET CURRENT ASSETS

1,033,606

1,156,455

TOTAL ASSETS LESS CURRENT LIABILITIES

1,352,529

1,240,393

PROVISIONS FOR LIABILITIES

22,617

20,984

NET ASSETS

1,329,912

1,219,409

CAPITAL AND RESERVES

Called up share capital

91

91

Retained earnings

1,329,821

1,219,318

1,329,912

1,219,409

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2026 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 17th September 2026 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.

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2025 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st April 2025

244,080

43,946

288,026

Additions

51,425

2,143

53,568

At 31st March 2026

295,505

46,089

341,594

DEPRECIATION

At 1st April 2025

177,826

26,262

204,088

Charge for year

42,083

4,957

47,040

At 31st March 2026

219,909

31,219

251,128

NET BOOK VALUE

At 31st March 2026

75,596

14,870

90,466

At 31st March 2025

66,254

17,684

83,938

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

228,457

At 31st March 2026

228,457

NET BOOK VALUE

At 31st March 2026

228,457

Investment property comprises freehold land held for capital appreciation. At the reporting date the director assessed the fair value of the land at £228,457. In determining fair value, the director considered the recent purchase price of the land and market conditions at the reporting date. The director considers that there has been no material movement in fair value since acquisition.

6.

DEBTORS

2026

2025

£

£

Amounts falling due within one year:

Trade debtors

698,667

669,716

Other debtors

4,709

10,299

703,376

680,015

Amounts falling due after more than one year:

Other debtors

-

12,000

Aggregate amounts

703,376

692,015

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

210,139

106,524

Corporation tax

33,441

103,998

Social security and other taxes

19,858

12,718

VAT

122,887

86,386

Other creditors

23,622

14,647

Accruals and deferred income

17,734

17,258

427,681

341,531

8.	RELATED PARTY DISCLOSURES

During the year, the loan advance of £15,000 made in the previous financial period to The Norwest Environmental Limited Directors Pension Scheme was repaid. The loan advance was unsecured and attracted interest at an annual rate of 1% above the Clearing Banks Base Rate. The loan outstanding as at 31st March 2026 is £Nil (2025: £15,000). During the year, the company received interest on the loan of £739 (2025: £Nil).

During the year, the company purchased land from The Norwest Environmental Limited Directors Pension Scheme for £228,457.