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REGISTERED NUMBER: 01689033 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Newbrook Engineering (Crewe) Limited

Newbrook Engineering (Crewe) Limited (Registered number: 01689033)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Newbrook Engineering (Crewe) Limited (Registered number: 01689033)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 43,681 53,311

CURRENT ASSETS
Stocks 79,130 87,915
Debtors 5 59,819 87,636
Cash in hand 125 843
139,074 176,394
CREDITORS
Amounts falling due within one year 6 80,096 133,834
NET CURRENT ASSETS 58,978 42,560
TOTAL ASSETS LESS CURRENT LIABILITIES 102,659 95,871

CREDITORS
Amounts falling due after more than one year 7 (66,174 ) (41,057 )

PROVISIONS FOR LIABILITIES (7,978 ) (9,751 )
NET ASSETS 28,507 45,063

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Share premium 16,195 16,195
Retained earnings 2,312 18,868
SHAREHOLDERS' FUNDS 28,507 45,063

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.

Newbrook Engineering (Crewe) Limited (Registered number: 01689033)

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2023 and were signed on its behalf by:





Mr K J Williams - Director


Newbrook Engineering (Crewe) Limited (Registered number: 01689033)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Newbrook Engineering (Crewe) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01689033

Registered office: Quakers Coppice
Crewe
Cheshire
CW1 6FA

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


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 recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced on service contracts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Long leasehold - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.


Newbrook Engineering (Crewe) Limited (Registered number: 01689033)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2022 5,229 56,529 13,342 59,557 134,657
Additions - - 1,041 - 1,041
At 31 March 2023 5,229 56,529 14,383 59,557 135,698
DEPRECIATION
At 1 April 2022 3,237 32,520 11,096 34,493 81,346
Charge for year 301 3,602 496 6,272 10,671
At 31 March 2023 3,538 36,122 11,592 40,765 92,017
NET BOOK VALUE
At 31 March 2023 1,691 20,407 2,791 18,792 43,681
At 31 March 2022 1,992 24,009 2,246 25,064 53,311

Newbrook Engineering (Crewe) Limited (Registered number: 01689033)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022 30,565 38,489 69,054
Transfer to ownership (21,286 ) (8,499 ) (29,785 )
At 31 March 2023 9,279 29,990 39,269
DEPRECIATION
At 1 April 2022 9,866 13,861 23,727
Charge for year 1,183 5,623 6,806
Transfer to ownership (8,474 ) (6,363 ) (14,837 )
At 31 March 2023 2,575 13,121 15,696
NET BOOK VALUE
At 31 March 2023 6,704 16,869 23,573
At 31 March 2022 20,699 24,628 45,327

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 59,094 86,926
Other debtors 725 710
59,819 87,636

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 19,821 36,225
Hire purchase contracts 6,150 7,539
Trade creditors 20,557 29,021
Taxation and social security 9,263 15,271
Other creditors 24,305 45,778
80,096 133,834

Newbrook Engineering (Crewe) Limited (Registered number: 01689033)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 19,500 28,500
Hire purchase contracts 6,406 12,557
Other creditors 40,268 -
66,174 41,057

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 10,821 27,225
Hire purchase contracts 12,556 20,096
23,377 47,321

The obligations under hire purchase are secured against the asset to which they relate.

Bank loans and overdrafts are secured by means of a first standard fixed and floating charge over the company's assets and undertakings.