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REGISTERED NUMBER: 06792326 (England and Wales)


















Archie Newbold Limited

Unaudited Financial Statements

for the Year Ended 31 January 2023






Archie Newbold Limited (Registered number: 06792326)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Archie Newbold Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: D M Newbold
A Newbold





SECRETARY: D M Newbold





REGISTERED OFFICE: 4 Allens Green Avenue
Selston
Notts
NG16 6BZ





REGISTERED NUMBER: 06792326 (England and Wales)





ACCOUNTANTS: Brooks Mayfield Limited
Chartered Accountants
12 Bridgford Road
West Bridgford
Nottinghamshire
NG2 6AB

Archie Newbold Limited (Registered number: 06792326)

Statement of Financial Position
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 20,258 48,073

CURRENT ASSETS
Debtors 6 15,028 11,522
Cash at bank 34,220 6,156
49,248 17,678
CREDITORS
Amounts falling due within one year 7 21,462 14,714
NET CURRENT ASSETS 27,786 2,964
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,044

51,037

CREDITORS
Amounts falling due after more than one
year

8

(10,034

)

(38,288

)

PROVISIONS FOR LIABILITIES (3,849 ) (9,134 )
NET ASSETS 34,161 3,615

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 34,159 3,613
SHAREHOLDERS' FUNDS 34,161 3,615

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Archie Newbold Limited (Registered number: 06792326)

Statement of Financial Position - continued
31 January 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 27 October 2023 and were signed on its behalf by:





A Newbold - Director


Archie Newbold Limited (Registered number: 06792326)

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

1. STATUTORY INFORMATION

Archie Newbold 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Fixtures and fittings - 33% on cost and 25% on cost
Motor vehicles - 25% on reducing balance

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Archie Newbold Limited (Registered number: 06792326)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 February 2022 12,354 53,325 65,679
Additions 682 17,500 18,182
Disposals - (46,325 ) (46,325 )
At 31 January 2023 13,036 24,500 37,536
DEPRECIATION
At 1 February 2022 8,294 9,312 17,606
Charge for year 3,300 3,321 6,621
Eliminated on disposal - (6,949 ) (6,949 )
At 31 January 2023 11,594 5,684 17,278
NET BOOK VALUE
At 31 January 2023 1,442 18,816 20,258
At 31 January 2022 4,060 44,013 48,073

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 8,640 8,590
Other debtors 6,388 2,932
15,028 11,522

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 4,000 4,000
Hire purchase contracts - 8,096
Trade creditors 1,584 295
Taxation and social security 11,895 (1,478 )
Other creditors 3,983 3,801
21,462 14,714

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans 10,034 14,000
Hire purchase contracts - 24,288
10,034 38,288

Archie Newbold Limited (Registered number: 06792326)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
2 Ordinary 1 2 2