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Registered number: 04349188

Newcontrast Limited

ACCOUNTS
FOR THE YEAR ENDED 31/01/2023

Prepared By:
R F Love & Company
Chartered Accountant
Holly House
21d Chudleigh Road
Exeter
Devon
EX2 8TS

Newcontrast Limited

ACCOUNTS
FOR THE YEAR ENDED 31/01/2023
DIRECTORS
Paul O'Brien
SECRETARY
REGISTERED OFFICE
Unit 5, Victoria Grove
Bedminster
Bristol
BS3 4AN
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04349188
ACCOUNTANTS
R F Love & Company
Chartered Accountant
Holly House
21d Chudleigh Road
Exeter
Devon
EX2 8TS

Newcontrast Limited

ACCOUNTS
FOR THEYEARENDED31/01/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Newcontrast Limited

BALANCE SHEET AT 31/01/2023
20232022
Notes££
CURRENT ASSETS
Stock1,584,5001,584,500
Debtors4172,18332,562
Cash at bank and in hand9,069240,559
1,765,7521,857,621
CREDITORS: Amounts falling due within one year51,756,7141,813,975
NET CURRENT ASSETS9,03843,646
TOTAL ASSETS LESS CURRENT LIABILITIES9,03843,646
CREDITORS: Amounts falling due after more than one year633,33343,333
NET (LIABILITIES) / ASSETS(24,295)313
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account(24,395)213
SHAREHOLDERS' FUNDS(24,295)313
For the year ending 31/01/2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 19/10/2023 and signed on their behalf by
.............................
Paul O'Brien
Director

Newcontrast Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/01/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20232022
No.No.
Average number of employees11
3. STOCK 20232022
££
Stock comprises:
Stock1,584,5001,584,500
1,584,5001,584,500

Newcontrast Limited

4. DEBTORS 20232022
££
Amounts falling due within one year
VAT965-
965-
Amounts falling due over more than one year
Long term debtor171,21832,562
171,21832,562
172,18332,562
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax8484
VAT-29,035
Directors current account306,426306,426
Mortgages1,391,0981,391,787
Long term creditor51,14379,143
Accruals7,9637,500
1,756,7141,813,975
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr33,33343,333
33,33343,333
7. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100