Registered Number:11111354 |
For the year ended 28 February 2023
England and Wales
Unaudited Financial Statements
For the year ended 28 February 2023
New Life Garments Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
New Life Garments Ltd
Statement of Financial Position
2022
2023
Property, plant and equipment |
17,203
29,922
2
17,203
29,922
21,000
7,226
3
Trade and other receivables |
22,584
44,869
4
74,002
Cash and cash equivalents |
39,239
91,334
117,586
Trade and other payables: amounts falling due within one year |
(20,269)
(12,136)
5
97,317
79,198
Net current assets
Total assets less current liabilities |
96,401
127,239
96,401
Net assets
127,239
100
100
96,301
127,139
96,401
127,239
Shareholders' funds
For the year ended 28 February 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 10 November 2023 and were signed by: |
The notes form part of these financial statements |
1 of 3
For the year ended 28 February 2023
New Life Garments Ltd
Notes to the Financial Statements
Statutory Information
New Life Garments Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number 11111354. |
Unit 7 Gateway Court
Parkgate
Rotherham
S62 6LH
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 ''The |
Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have |
been prepared under the historical costs convention as modified by the revaluation of certain assets. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Motor Vehicles
Furniture and Fittings
2. Property, plant and equipment |
Motor Vehicles
62,292
26,975
35,317
35,317
26,975
62,292
Provision for depreciation and impairment |
32,370
10,225
22,145
Charge for year
12,719
5,656
7,063
45,089
15,881
29,208
6,109
11,094
17,203
13,172
16,750
29,922
2022
2023
7,226
21,000
2 of 3
For the year ended 28 February 2023
New Life Garments Ltd
Notes to the Financial Statements Continued
4. Trade and other receivables |
2022
2023
44,869
20,498
Amounts owed by group undertakings and participating interests |
-
2,086
22,584
44,869
5. Trade and other payables: amounts falling due within one year |
2022
2023
Taxation and social security |
4,236
12,369
7,900
7,900
12,136
20,269
6. Average number of persons employed |
During the year the average number of employees was 10 (2022 : 10)
3 of 3