REGISTERED NUMBER: 04707231 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Stuart Newport Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S B Newport

S Newport

REGISTERED OFFICE:

Shadwell House

65 Lower Green Road

Rusthall

Tunbridge Wells

TN4 8TW

REGISTERED NUMBER:

04707231 (England and Wales)

ACCOUNTANTS:

Peter Hodgson & Co.

Chartered Accountants

Shadwell House

65 Lower Green Road

Tunbridge Wells

Kent

TN4 8TW

FIXED ASSETS

MOTOR VEHICLES

4

28,045

14,391

CURRENT ASSETS

Debtors

5

19,152

19,599

Cash at bank

2,435

3,767

21,587

23,366

CREDITORS

Amounts falling due within one year

6

17,719

16,714

NET CURRENT ASSETS

3,868

6,652

TOTAL ASSETS LESS CURRENT LIABILITIES

31,913

21,043

CREDITORS

Amounts falling due after more than one year

7

14,826

20,444

NET ASSETS

17,087

599

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

9

17,085

597

SHAREHOLDERS' FUNDS

17,087

599

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

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 27 September 2023 and were signed on its behalf by:

S B Newport - Director

1.	STATUTORY INFORMATION

Stuart Newport 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

Revenue 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.

Motor vehicles

-

25% on reducing balance

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.

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 1 (2022 - 1 ) .

4.	MOTOR VEHICLES

Motor

vehicles

£

COST

At 1 April 2022

31,980

Additions

31,643

Disposals

(31,980

)

At 31 March 2023

31,643

DEPRECIATION

At 1 April 2022

17,589

Charge for year

3,598

Eliminated on disposal

(17,589

)

At 31 March 2023

3,598

NET BOOK VALUE

At 31 March 2023

28,045

At 31 March 2022

14,391

5.

DEBTORS

2023

2022

£

£

Amounts falling due within one year:

Trade debtors

10,790

9,620

Other debtors

2,848

1,424

Directors' loan accounts

-

922

Due from related party

2,964

5,083

16,602

17,049

Amounts falling due after more than one year:

Deferred tax asset

2,550

2,550

Aggregate amounts

19,152

19,599

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans

3,100

3,116

Hire purchase contracts

6,762

6,772

Tax

6,822

5,105

Directors' loan accounts

109

-

Accrued expenses

926

1,721

17,719

16,714

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

6,793

9,894

Hire purchase contracts

8,033

10,550

14,826

20,444

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

2

Ordinary

£1

2

2

9.

RESERVES

Retained

earnings

£

At 1 April 2022

597

Profit for the year

35,238

Dividends

(18,750

)

At 31 March 2023

17,085