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REGISTERED NUMBER: 08886771 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2018

for

North West Asset Finance Ltd

North West Asset Finance Ltd (Registered number: 08886771)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


North West Asset Finance Ltd

Company Information
for the Year Ended 31 March 2018







DIRECTOR: R A Hall





REGISTERED OFFICE: Deanroyd Works
Deanroyd Road
Todmorden
Lancashire
OL14 6TX





REGISTERED NUMBER: 08886771 (England and Wales)





ACCOUNTANTS: Haworths Limited
Chartered Accountants
The Old Tannery
Eastgate
Accrington
Lancashire
BB5 6PW

North West Asset Finance Ltd (Registered number: 08886771)

Balance Sheet
31 March 2018

2018 2017
Notes £    £   
CURRENT ASSETS
Debtors 5 1,784,565 1,009,504
Cash at bank 294,723 148,956
2,079,288 1,158,460
CREDITORS
Amounts falling due within one year 6 2,078,543 1,158,235
NET CURRENT ASSETS 745 225
TOTAL ASSETS LESS CURRENT
LIABILITIES

745

225

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 645 125
SHAREHOLDERS' FUNDS 745 225

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 18 December 2018 and were signed by:





R A Hall - Director


North West Asset Finance Ltd (Registered number: 08886771)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

North West Asset Finance Ltd 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. STATEMENT OF COMPLIANCE

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

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents contractual interest and fees earned in line with the term and size of loan. Interest income
consists of interest calculated on a daily basis. Other fee income is recognised at the point when these fees
become applicable to a specific loan agreement, for example on arrangement or at the point of default.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Amounts recoverable from customers 1,784,565 1,009,504

North West Asset Finance Ltd (Registered number: 08886771)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Amounts owed to group undertakings 2,026,061 1,036,292
Taxation and social security 51,282 121,043
Other creditors 1,200 900
2,078,543 1,158,235

7. ULTIMATE PARENT UNDERTAKING

The ultimate parent undertaking is Shays Assets Limited.