Relate AccountsProduction v2.1.19 v2.1.19 2017-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the retail of E cigarettes and liquid vapour for E cigarettes. 12 November 2018 0 0 NI618212 2018-03-31 NI618212 2017-03-31 NI618212 2016-03-31 NI618212 2017-04-01 2018-03-31 NI618212 2016-04-01 2017-03-31 NI618212 uk-bus:PrivateLimitedCompanyLtd 2017-04-01 2018-03-31 NI618212 uk-bus:SmallCompaniesRegimeForAccounts 2017-04-01 2018-03-31 NI618212 uk-bus:FullAccounts 2017-04-01 2018-03-31 NI618212 uk-bus:Director1 2017-04-01 2018-03-31 NI618212 uk-bus:Director2 2017-04-01 2018-03-31 NI618212 uk-bus:RegisteredOffice 2017-04-01 2018-03-31 NI618212 uk-bus:Agent1 2017-04-01 2018-03-31 NI618212 uk-core:ShareCapital 2018-03-31 NI618212 uk-core:ShareCapital 2017-03-31 NI618212 uk-core:RetainedEarningsAccumulatedLosses 2018-03-31 NI618212 uk-core:RetainedEarningsAccumulatedLosses 2017-03-31 NI618212 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2018-03-31 NI618212 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2017-03-31 NI618212 uk-bus:FRS102 2017-04-01 2018-03-31 NI618212 uk-core:FurnitureFittingsToolsEquipment 2017-04-01 2018-03-31 NI618212 uk-core:CurrentFinancialInstruments 2018-03-31 NI618212 uk-core:CurrentFinancialInstruments 2017-03-31 NI618212 uk-core:WithinOneYear 2018-03-31 NI618212 uk-core:WithinOneYear 2017-03-31 NI618212 2017-04-01 2018-03-31 NI618212 uk-bus:AuditExempt-NoAccountantsReport 2017-04-01 2018-03-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
New Creation Distributors Ltd
 
Unaudited Financial Statements
 
for the year ended 31 March 2018
New Creation Distributors Ltd
DIRECTORS AND OTHER INFORMATION

 
Directors Walter Glass
Valerie Glass
 
 
Company Number NI618212
 
 
Registered Office and Business Address 94 Banbridge Road
Lurgan
Co. Armagh
BT66 7HQ
Northern Ireland
 
 
Accountants MG accountants
(Portadown)
25-27 Carleton Street
Portadown
BT62 3EP
United Kingdom
 
 
Bankers Danske Bank
  PO Box 183
  Donegall Square West
  Belfast
  BT1 6JS
 
   
Solicitors R M Cullen & Sons
  Edward Street
  Portadown
  Co Armagh
  BT62 3NA



New Creation Distributors Ltd
Company Number: NI618212
BALANCE SHEET
as at 31 March 2018

2018 2017
Notes £ £
 
Fixed Assets
Tangible assets 3 3,414 1,384
───────── ─────────
 
Current Assets
Stocks 4 27,945 15,532
Debtors 5 1,350 4,665
Cash and cash equivalents 129,724 186,624
───────── ─────────
159,019 206,821
───────── ─────────
Creditors: Amounts falling due within one year 6 (149,977) (177,108)
───────── ─────────
Net Current Assets 9,042 29,713
───────── ─────────
Total Assets less Current Liabilities 12,456 31,097
═════════ ═════════
Capital and Reserves
Called up share capital 200 200
Profit and Loss Account 12,256 30,897
───────── ─────────
Equity attributable to owners of the company 12,456 31,097
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.
           
For the financial year ended 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 12 November 2018 and signed on its behalf by
           
           
________________________________          
Walter Glass          
Director          



New Creation Distributors Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2018

   
1. GENERAL INFORMATION
 
New Creation Distributors Ltd is a company limited by shares incorporated in United Kingdom
         
2. ACCOUNTING POLICIES
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company’s financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 March 2018 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared under the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets. The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Cash Flow Statement because it is classified as a small company.
 
Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.
 
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 20% Reducing Balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Share capital of the company
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. TANGIBLE FIXED ASSETS
  Fixtures, Total
  fittings and  
  equipment  
  £ £
Cost
At 1 April 2017 3,378 3,378
Additions 2,655 2,655
  ───────── ─────────
At 31 March 2018 6,033 6,033
  ───────── ─────────
Depreciation
At 1 April 2017 1,994 1,994
Charge for the year 625 625
  ───────── ─────────
At 31 March 2018 2,619 2,619
  ───────── ─────────
Net book value
At 31 March 2018 3,414 3,414
  ═════════ ═════════
At 31 March 2017 1,384 1,384
  ═════════ ═════════
       
4. STOCKS 2018 2017
  £ £
 
Finished goods and goods for resale 27,945 15,532
  ═════════ ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
       
5. DEBTORS 2018 2017
  £ £
 
Trade debtors 1,350 1,243
Prepayments and accrued income - 3,422
  ───────── ─────────
  1,350 4,665
  ═════════ ═════════
       
6. CREDITORS 2018 2017
Amounts falling due within one year £ £
 
Trade creditors 242 1,000
Taxation  (Note 7) 19,126 32,563
Directors' current accounts 127,289 140,360
Accruals 3,320 3,185
  ───────── ─────────
  149,977 177,108
  ═════════ ═════════
 
       
7. TAXATION 2018 2017
  £ £
 
Creditors:
VAT 6,225 11,730
Corporation tax 12,758 20,005
PAYE / NI 143 828
  ───────── ─────────
  19,126 32,563
  ═════════ ═════════