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REGISTERED NUMBER: 08277943 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Newton Freight Partners Limited

Newton Freight Partners Limited (Registered number: 08277943)






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


Newton Freight Partners Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: M Savage
M Albu





REGISTERED OFFICE: 67 Westow Street
Upper Norwood
London
SE19 3RW





REGISTERED NUMBER: 08277943 (England and Wales)





ACCOUNTANTS: CWF & Partners Ltd
Chartered Accountants
67 Westow Street
Upper Norwood
London
SE19 3RW

Newton Freight Partners Limited (Registered number: 08277943)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Tangible assets 5 378,340 2
Investments 6 307,115 244,300
685,455 244,302

CURRENT ASSETS
Debtors 7 453,627 341,115
Cash at bank 50,200 18,107
503,827 359,222
CREDITORS
Amounts falling due within one year 8 (472,741 ) (305,103 )
NET CURRENT ASSETS 31,086 54,119
TOTAL ASSETS LESS CURRENT
LIABILITIES

716,541

298,421

CREDITORS
Amounts falling due after more than one
year

9

(309,940

)

-
NET ASSETS 406,601 298,421

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 406,600 298,420
SHAREHOLDERS' FUNDS 406,601 298,421

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 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.

Newton Freight Partners Limited (Registered number: 08277943)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 November 2023 and were signed on its behalf by:





M Savage - Director


Newton Freight Partners Limited (Registered number: 08277943)

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

1. STATUTORY INFORMATION

Newton Freight Partners 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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 33% on cost
Motor vehicles - 33% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Newton Freight Partners Limited (Registered number: 08277943)

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

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 5,883 130,652 5,742 142,277
Additions - 438,945 - 438,945
Disposals - (88,552 ) - (88,552 )
At 31 March 2023 5,883 481,045 5,742 492,670
DEPRECIATION
At 1 April 2022 5,883 130,650 5,742 142,275
Charge for year - 60,606 - 60,606
Eliminated on disposal - (88,551 ) - (88,551 )
At 31 March 2023 5,883 102,705 5,742 114,330
NET BOOK VALUE
At 31 March 2023 - 378,340 - 378,340
At 31 March 2022 - 2 - 2

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 438,945
At 31 March 2023 438,945
DEPRECIATION
Charge for year 60,606
At 31 March 2023 60,606
NET BOOK VALUE
At 31 March 2023 378,339

Newton Freight Partners Limited (Registered number: 08277943)

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

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022 244,300
Additions 62,815
At 31 March 2023 307,115
NET BOOK VALUE
At 31 March 2023 307,115
At 31 March 2022 244,300

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 125,059 138,839
Other debtors 328,568 202,276
453,627 341,115

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 92,872 -
Trade creditors 128,047 84,630
Taxation and social security - 18,560
Other creditors 251,822 201,913
472,741 305,103

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 309,940 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1 Ordinary shares £1 1 1