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REGISTERED NUMBER: 03106369 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

NEWMAN GAUGE DESIGN ASSOCIATES LIMITED

NEWMAN GAUGE DESIGN ASSOCIATES LIMITED (REGISTERED NUMBER: 03106369)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


NEWMAN GAUGE DESIGN ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr S Parker
Mrs S J Stokoe





SECRETARY:





REGISTERED OFFICE: 12 - 14 Regent Place
Birmingham
B1 3NJ





REGISTERED NUMBER: 03106369 (England and Wales)





ACCOUNTANTS: Crombies Accountants Limited
Chartered Accountants
34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG

NEWMAN GAUGE DESIGN ASSOCIATES LIMITED (REGISTERED NUMBER: 03106369)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,036 14,822

CURRENT ASSETS
Stocks 44,865 39,150
Debtors 5 107,026 158,020
Prepayments and accrued income 3,642 -
Cash at bank and in hand 220,160 238,154
375,693 435,324
CREDITORS
Amounts falling due within one year 6 138,040 170,241
NET CURRENT ASSETS 237,653 265,083
TOTAL ASSETS LESS CURRENT
LIABILITIES

253,689

279,905

CREDITORS
Amounts falling due after more than one
year

7

(93,333

)

(133,333

)

PROVISIONS FOR LIABILITIES (2,200 ) (2,000 )
NET ASSETS 158,156 144,572

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 157,956 144,372
SHAREHOLDERS' FUNDS 158,156 144,572

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.

NEWMAN GAUGE DESIGN ASSOCIATES LIMITED (REGISTERED NUMBER: 03106369)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 May 2023 and were signed on its behalf by:





Mrs S J Stokoe - Director


NEWMAN GAUGE DESIGN ASSOCIATES LIMITED (REGISTERED NUMBER: 03106369)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Newman Gauge Design Associates 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The current year figures presented in the financial statements (including the related notes) cover an extended period of eighteen months and so are not entirely comparable.

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 etc - 15% on cost and straight line over lease term

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

NEWMAN GAUGE DESIGN ASSOCIATES LIMITED (REGISTERED NUMBER: 03106369)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 April 2022 9,812 40,685 50,497
Additions - 5,730 5,730
At 31 March 2023 9,812 46,415 56,227
DEPRECIATION
At 1 April 2022 5,477 30,198 35,675
Charge for year 473 4,043 4,516
At 31 March 2023 5,950 34,241 40,191
NET BOOK VALUE
At 31 March 2023 3,862 12,174 16,036
At 31 March 2022 4,335 10,487 14,822

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 107,026 158,020

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 40,000 40,000
Trade creditors 26,076 26,393
Tax 30,727 46,612
Social security and other taxes 34,777 51,675
Pensions 843 990
Directors' current accounts 2,017 971
Accruals & deferred income 3,600 3,600
138,040 170,241

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 93,333 133,333

8. ULTIMATE CONTROLLING PARTY

The company is controlled by it's directors by virtue of their shareholding