Company Registration No. 07189605 (England and Wales)
Newredo Ltd
Unaudited accounts
for the year ended 31 March 2022
Newredo Ltd
Unaudited accounts
Contents
Newredo Ltd
Company Information
for the year ended 31 March 2022
Directors
R D Brayshay
P J Luby
Company Number
07189605 (England and Wales)
Registered Office
c/o Pearson & Associates
Suite E, Canal Wharf
Eshton Road
Gargrave, Skipton
BD23 3SE
Accountants
Pearson & Associates
Suite E, Canal Wharf
Eshton Road
Gargrave, Skipton
North Yorkshire
BD23 3SE
Newredo Ltd
Statement of financial position
as at 31 March 2022
Tangible assets
1,452
1,557
Cash at bank and in hand
120,893
82,258
Creditors: amounts falling due within one year
(128,019)
(45,791)
Net current assets
61,486
54,797
Total assets less current liabilities
62,938
56,354
Creditors: amounts falling due after more than one year
(40,602)
(50,000)
Called up share capital
21
21
Profit and loss account
22,315
6,333
Shareholders' funds
22,336
6,354
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 July 2022 and were signed on its behalf by
R D Brayshay
Director
Company Registration No. 07189605
Newredo Ltd
Notes to the Accounts
for the year ended 31 March 2022
Newredo Ltd is a private company, limited by shares, registered in England and Wales, registration number 07189605. The registered office is c/o Pearson & Associates, Suite E, Canal Wharf, Eshton Road, Gargrave, Skipton, BD23 3SE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% on reducing balance
4
Tangible fixed assets
Computer equipment
5
Debtors: amounts falling due within one year
2022
2021
Trade debtors
47,412
17,580
Accrued income and prepayments
1,000
-
Newredo Ltd
Notes to the Accounts
for the year ended 31 March 2022
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
9,398
-
Taxes and social security
62,431
27,133
Other creditors
18,260
7,730
Loans from directors
37,056
9,446
7
Creditors: amounts falling due after more than one year
2022
2021
8
Average number of employees
During the year the average number of employees was 5 (2021: 5).