NW Projects Limited

(Registration number: 06485174)
Balance Sheet as at 31 January 2026

	Note	2026 £	2025 £
Current assets
Stocks	5	15,500	-
Debtors	6	-	453
Cash at bank and in hand		108,869	153,236
		124,369	153,689
Creditors: Amounts falling due within one year	7	(3,465)	(3,817)
Net assets		120,904	149,872
Capital and reserves
Called up share capital	8	1,000	1,000
Profit and loss account		119,904	148,872
Total equity		120,904	149,872

NW Projects Limited

(Registration number: 06485174)
Balance Sheet as at 31 January 2026 (continued)

For the financial year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 28 October 2026
 

......................................... N R W Waugh Director

NW Projects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

1	Statutory information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
43 Canynge Square
Clifton
Bristol
BS8 3LB

2	Accounting policies

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The company’s financial statements have been prepared on a going concern basis. The director has indicated his willingness to support the company and has considered a period of twelve months from the date of approval of the financial statements and believes that the company is able to meet liabilities as they fall due.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, and it is probable that future economic benefits will flow to the entity.

NW Projects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026 (continued)

2	Accounting policies (continued)

Tax

The tax expense for the period comprises current tax.Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible fixed assets

Tangible fixed assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation.

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Office equipment	33% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2025 - 1).

NW Projects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026 (continued)

4	Tangible fixed assets

	Office equipment  £
Cost
At 1 February 2025	8,199
Disposals	(8,199)
At 31 January 2026	-
Depreciation
At 1 February 2025	8,199
Eliminated on disposal	(8,199)
At 31 January 2026	-
Carrying amount
At 31 January 2026	-
At 31 January 2025	-

5

Stocks

	2026 £	2025 £
Other inventories	15,500	-

6	Debtors: amounts falling due within one year

	2026 £	2025 £
Corporation tax	-	453
	-	453

NW Projects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026 (continued)

7

Creditors

	2026 £	2025 £
Social security and other taxes	-	231
Accruals	1,380	1,320
Director's loan account	2,085	2,266
	3,465	3,817

8	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary shares of £1 each	1,000	1,000	1,000	1,000