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REGISTERED NUMBER: 04829696 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2023

for

R Newsam Electrical Limited

R Newsam Electrical Limited (Registered number: 04829696)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


R Newsam Electrical Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: R J Newsam





SECRETARY: Mrs J Newsam





REGISTERED OFFICE: West Green
Main Road
Skeffling
Hull
East Yorkshire
HU12 0UP





REGISTERED NUMBER: 04829696 (England and Wales)





ACCOUNTANTS: Try Lunn & Co
Chartered Accountants
Roland House
Princes Dock Street
HULL HU1 2LD

R Newsam Electrical Limited (Registered number: 04829696)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,227 369

CURRENT ASSETS
Stocks 3,101 4,337
Debtors 5 7,269 3,715
Cash at bank 10,332 10,655
20,702 18,707
CREDITORS
Amounts falling due within one year 6 8,363 8,105
NET CURRENT ASSETS 12,339 10,602
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,566

10,971

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 7 13,564 10,969
SHAREHOLDERS' FUNDS 13,566 10,971

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 director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 August 2023 and were signed by:





R J Newsam - Director


R Newsam Electrical Limited (Registered number: 04829696)

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

1. STATUTORY INFORMATION

R Newsam Electrical 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.

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.

Due to the ongoing Coronavirus pandemic there is a material uncertainty in relation to going concern of all companies, the financial statements have been prepared on the basis that that uncertainty will be resolved without undue financial harm being done to the business.

Revenue recognition
Revenue is recognised at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when goods are delivered and the legal title has passed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on cost

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.

Deferred tax
Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

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 1 (2022 - 1 ) .

R Newsam Electrical Limited (Registered number: 04829696)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 5,284
Additions 1,235
At 31 March 2023 6,519
DEPRECIATION
At 1 April 2022 4,915
Charge for year 377
At 31 March 2023 5,292
NET BOOK VALUE
At 31 March 2023 1,227
At 31 March 2022 369

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,836 3,335
Other debtors 433 380
7,269 3,715

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,904 3,295
Taxation and social security 689 536
Other creditors 3,770 4,274
8,363 8,105

7. RESERVES
Retained
earnings
£   

At 1 April 2022 10,969
Profit for the year 3,795
Dividends (1,200 )
At 31 March 2023 13,564

8. RELATED PARTY DISCLOSURES

At 31 March 2023 £2,212 was owed to the director Mr R J Newsam. (2022 - £2,846)

R Newsam Electrical Limited (Registered number: 04829696)

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

9. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr R J Newsam and Mrs J Newsam who jointly own the entire share capital.