Company Registration No. NI660032 (Northern Ireland)
NV Transport Newtown Ltd
Unaudited accounts
for the year ended 31 March 2023
NV Transport Newtown Ltd
Unaudited accounts
Contents
NV Transport Newtown Ltd
Company Information
for the year ended 31 March 2023
Company Number
NI660032 (Northern Ireland)
Registered Office
21 DUNDALK ROAD
NEWTOWNHAMILTON
NEWRY
COUNTY DOWN
BT35 0JA
NORTHERN IRELAND
NV Transport Newtown Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
39,504
49,380
Cash at bank and in hand
32,159
35,638
Creditors: amounts falling due within one year
(8,022)
(7,511)
Net current assets
24,137
28,127
Total assets less current liabilities
63,641
77,507
Creditors: amounts falling due after more than one year
(279,353)
(140,830)
Net liabilities
(215,712)
(63,323)
Called up share capital
1
1
Profit and loss account
(215,713)
(63,324)
Shareholders' funds
(215,712)
(63,323)
For the year ending 31 March 2023 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 director acknowledges his 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 and authorised for issue on 13 October 2023 and were signed on its behalf by
Neil Vallely
Director
Company Registration No. NI660032
NV Transport Newtown Ltd
Notes to the Accounts
for the year ended 31 March 2023
NV Transport Newtown Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI660032. The registered office is 21 DUNDALK ROAD, NEWTOWNHAMILTON, NEWRY, COUNTY DOWN, BT35 0JA, NORTHERN IRELAND.
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:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2022
26,500
47,500
74,000
At 31 March 2023
26,500
47,500
74,000
At 1 April 2022
15,140
9,480
24,620
Charge for the year
2,272
7,604
9,876
At 31 March 2023
17,412
17,084
34,496
At 31 March 2023
9,088
30,416
39,504
At 31 March 2022
11,360
38,020
49,380
5
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
8,022
8,022
Taxes and social security
-
(3,833)
NV Transport Newtown Ltd
Notes to the Accounts
for the year ended 31 March 2023
6
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
63,000
68,000
Loans from directors
172,353
24,830
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).