Northwood (Romford) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03998022 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30th June 2021

for

Northwood (Romford) Limited

Page

Company information

1

Abridged statement of financial position

2

Notes to the financial statements

4

Directors:

B King

S Wilding

Secretary:

B King

Registered office:

Abacus House

14-18 Forest Road

Loughton

Essex

IG10 1DX

Registered number:

03998022 (England and Wales)

Accountants:

Cooper Paul

Abacus House

14-18 Forest Road

Loughton

Essex

IG10 1DX

Fixed assets

Tangible assets

4

5,303

5,923

Current assets

Debtors

244,015

175,275

Cash at bank and in hand

41,045

20,054

285,060

195,329

Creditors

Amounts falling due within one year

(219,117

)

(147,186

)

Net current assets

65,943

48,143

Total assets less current liabilities

71,246

54,066

Creditors

Amounts falling due after more than one year

(49,113

)

(50,000

)

Net assets

22,133

4,066

Capital and reserves

Called up share capital

100

100

Retained earnings

22,033

3,966

Shareholders' funds

22,133

4,066

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Income statement and an abridged Statement of financial position for the year ended 30th June 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th March 2022 and were signed on its behalf by:

B King - Director

1.	Statutory information

Northwood (Romford) 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.

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

Motor vehicles

-

25% on reducing balance

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 10 (2020 - 10 ) .

4.	Tangible fixed assets

Totals

£

Cost

At 1st July 2020

110,012

Additions

1,645

At 30th June 2021

111,657

Depreciation

At 1st July 2020

104,089

Charge for year

2,265

At 30th June 2021

106,354

Net book value

At 30th June 2021

5,303

At 30th June 2020

5,923

5.	Secured debts

The following secured debts are included within creditors:

2021

2020

£

£

Bank overdrafts

-

6,981

Bank loans

49,113

50,000

49,113

56,981