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REGISTERED NUMBER: 06902541 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

NEW LOOK LOANS LIMITED

NEW LOOK LOANS LIMITED (REGISTERED NUMBER: 06902541)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NEW LOOK LOANS LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTORS: M A Morgan
A J Shaw





SECRETARY:





REGISTERED OFFICE: First Floor Office Unit 2
Bridge View Park
Henry Boot Way
Hull
East Yorkshire
HU4 7DW





REGISTERED NUMBER: 06902541 (England and Wales)





ACCOUNTANTS: The Accountancy & Administration Bureau
31 Thornfields
Thorngumbald
East Riding

NEW LOOK LOANS LIMITED (REGISTERED NUMBER: 06902541)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,252 7,129

CURRENT ASSETS
Debtors 5 205,398 370,584
Cash at bank and in hand 193,010 223,706
398,408 594,290
CREDITORS
Amounts falling due within one year 6 77,841 113,216
NET CURRENT ASSETS 320,567 481,074
TOTAL ASSETS LESS CURRENT
LIABILITIES

328,819

488,203

CREDITORS
Amounts falling due after more than one
year

7

(21,667

)

(31,667

)

PROVISIONS FOR LIABILITIES (1,568 ) (1,355 )
NET ASSETS 305,584 455,181

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 305,484 455,081
SHAREHOLDERS' FUNDS 305,584 455,181

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.

NEW LOOK LOANS LIMITED (REGISTERED NUMBER: 06902541)

BALANCE SHEET - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 October 2023 and were signed on its behalf by:





M A Morgan - Director


NEW LOOK LOANS LIMITED (REGISTERED NUMBER: 06902541)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

New Look Loans 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
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 - 20% on cost

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 12 (2022 - 14 ) .

NEW LOOK LOANS LIMITED (REGISTERED NUMBER: 06902541)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 35,558
Additions 3,964
At 31 March 2023 39,522
DEPRECIATION
At 1 April 2022 28,429
Charge for year 2,841
At 31 March 2023 31,270
NET BOOK VALUE
At 31 March 2023 8,252
At 31 March 2022 7,129

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 112,072 342,953
Other debtors 93,326 27,631
205,398 370,584

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 14,765 19,499
Taxation and social security 50,592 81,306
Other creditors 2,484 2,411
77,841 113,216

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 21,667 31,667

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £84,000 (2022 - £84,000) were paid to the directors .