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REGISTERED NUMBER: 11103510 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

NEWSOME TANKERS LIMITED

NEWSOME TANKERS LIMITED (REGISTERED NUMBER: 11103510)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NEWSOME TANKERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: T A Newsome





REGISTERED OFFICE: 205a Nantwich Road
Crewe
Cheshire
CW2 6DD





REGISTERED NUMBER: 11103510 (England and Wales)





ACCOUNTANTS: Accountancy Services (Cheshire) Limited
205a Nantwich Road
Crewe
Cheshire
CW2 6DD

NEWSOME TANKERS LIMITED (REGISTERED NUMBER: 11103510)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 357,049 248,809

CURRENT ASSETS
Debtors 5 168,247 158,422
Cash at bank 177 9,633
168,424 168,055
CREDITORS
Amounts falling due within one year 6 284,161 193,504
NET CURRENT LIABILITIES (115,737 ) (25,449 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

241,312

223,360

CREDITORS
Amounts falling due after more than
one year

7

157,224

150,466
NET ASSETS 84,088 72,894

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 83,988 72,794
SHAREHOLDERS' FUNDS 84,088 72,894

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.

NEWSOME TANKERS LIMITED (REGISTERED NUMBER: 11103510)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 November 2023 and were signed by:





T A Newsome - Director


NEWSOME TANKERS LIMITED (REGISTERED NUMBER: 11103510)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Newsome Tankers 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.

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.
Plant and machinery - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

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.

NEWSOME TANKERS LIMITED (REGISTERED NUMBER: 11103510)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022 297,414 24,325 321,739
Additions 150,320 - 150,320
Disposals (22,600 ) - (22,600 )
At 31 March 2023 425,134 24,325 449,459
DEPRECIATION
At 1 April 2022 68,300 4,630 72,930
Charge for year 26,700 4,630 31,330
Eliminated on disposal (11,850 ) - (11,850 )
At 31 March 2023 83,150 9,260 92,410
NET BOOK VALUE
At 31 March 2023 341,984 15,065 357,049
At 31 March 2022 229,114 19,695 248,809

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 146,108 137,178
Amounts receivable in respect of
hire purchase contracts

21,244

21,244
Prepayments 895 -
168,247 158,422

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 231,273 151,931
Social security and other taxes 3,494 -
VAT 16,490 2,358
Directors' current accounts 23,773 31,334
Accrued expenses 9,131 7,881
284,161 193,504

NEWSOME TANKERS LIMITED (REGISTERED NUMBER: 11103510)

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
£    £   
Other loans - 1-2 years 100,281 80,281
Hire purchase contracts 56,943 70,185
157,224 150,466

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 April 2022 72,794
Profit for the year 21,194
Dividends (10,000 )
At 31 March 2023 83,988