2022-04-012023-03-312023-03-31false10418430NEW CITY SCALES 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NEW CITY SCALES LIMITED

Registered Number
10418430
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

NEW CITY SCALES LIMITED
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

Mr C Kempthorne
Mrs L Kempthorne

Registered Address

Unit 3a The Hollows Winslow Road
Little Horwood
Milton Keynes
MK17 0PD

Registered Number

10418430 (England and Wales)
NEW CITY SCALES LIMITED
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets5627,083802,083
Tangible assets6350,383294,042
977,4661,096,125
Current assets
Stocks7200,200187,193
Debtors81,206,3471,339,351
Cash at bank and on hand125,795273,396
1,532,3421,799,940
Creditors amounts falling due within one year9(933,103)(1,777,309)
Net current assets (liabilities)599,23922,631
Total assets less current liabilities1,576,7051,118,756
Provisions for liabilities10(49,853)(38,992)
Net assets1,526,8521,079,764
Capital and reserves
Called up share capital200200
Profit and loss account1,526,6521,079,564
Shareholders' funds1,526,8521,079,764
The financial statements were approved and authorised for issue by the Board of Directors on 9 October 2023, and are signed on its behalf by:
Mr C Kempthorne
Director
Registered Company No. 10418430
NEW CITY SCALES LIMITED
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Land and buildings25
Plant and machinery25
Fixtures and fittings25
Vehicles25
Office Equipment25
Intangible assets policy
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year99
5.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 April 221,805,0001,805,000
At 31 March 231,805,0001,805,000
Amortisation and impairment
At 01 April 221,002,9171,002,917
Charge for year175,000175,000
At 31 March 231,177,9171,177,917
Net book value
At 31 March 23627,083627,083
At 31 March 22802,083802,083
6.Property, plant and equipment

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 April 22909,832248,21417,0931,175,139
Additions143,77762,097-205,874
Disposals(38,908)--(38,908)
At 31 March 231,014,701310,31117,0931,342,105
Depreciation and impairment
At 01 April 22740,745125,12615,226881,097
Charge for year88,42756,659659145,745
On disposals(35,120)--(35,120)
At 31 March 23794,052181,78515,885991,722
Net book value
At 31 March 23220,649128,5261,208350,383
At 31 March 22169,087123,0881,867294,042
7.Stocks

2023

2022

££
Other stocks200,200187,193
Total200,200187,193
8.Debtors

2023

2022

££
Trade debtors / trade receivables822,075537,680
Other debtors354,891757,086
Prepayments and accrued income29,38144,585
Total1,206,3471,339,351
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
9.Creditors within one year

2023

2022

££
Trade creditors / trade payables839,8481,647,113
Taxation and social security80,722100,961
Payments received on account-17,406
Other creditors4,7874,787
Accrued liabilities and deferred income7,7467,042
Total933,1031,777,309
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
10.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)49,85338,992
Total49,85338,992