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REGISTERED NUMBER: 03578711 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

NEWGATE CONSTRUCTION LIMITED

NEWGATE CONSTRUCTION LIMITED (REGISTERED NUMBER: 03578711)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NEWGATE CONSTRUCTION LIMITED

Company Information
for the Year Ended 30 September 2023







DIRECTORS: M J Newcombe
S J McGuinness
J B Newcombe
Mrs S J Carley





SECRETARY: M J Newcombe





REGISTERED OFFICE: Unit 1, Septimus
Hawkfield Business Park
Whitchurch
Bristol
Avon
BS14 0BL





REGISTERED NUMBER: 03578711 (England and Wales)





ACCOUNTANT: Grahame J Harbour Limited
1 Windrush Road
Keynsham
Bristol
Avon
BS31 1QL

NEWGATE CONSTRUCTION LIMITED (REGISTERED NUMBER: 03578711)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 56,724 37,214

CURRENT ASSETS
Stocks 456,829 456,674
Debtors 5 333,089 245,682
Cash at bank 362,628 693,025
1,152,546 1,395,381
CREDITORS
Amounts falling due within one year 6 393,474 669,542
NET CURRENT ASSETS 759,072 725,839
TOTAL ASSETS LESS CURRENT
LIABILITIES

815,796

763,053

PROVISIONS FOR LIABILITIES 6,287 682
NET ASSETS 809,509 762,371

CAPITAL AND RESERVES
Called up share capital 530 590
Capital redemption reserve 470 410
Retained earnings 808,509 761,371
SHAREHOLDERS' FUNDS 809,509 762,371

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

NEWGATE CONSTRUCTION LIMITED (REGISTERED NUMBER: 03578711)

Balance Sheet - continued
30 September 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 Board of Directors and authorised for issue on 20 November 2023 and were signed on its behalf by:





M J Newcombe - Director


NEWGATE CONSTRUCTION LIMITED (REGISTERED NUMBER: 03578711)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Newgate Construction 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.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

NEWGATE CONSTRUCTION LIMITED (REGISTERED NUMBER: 03578711)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 October 2022 79,190 48,222 127,412
Additions 1,021 29,500 30,521
At 30 September 2023 80,211 77,722 157,933
DEPRECIATION
At 1 October 2022 54,252 35,946 90,198
Charge for year 3,657 7,354 11,011
At 30 September 2023 57,909 43,300 101,209
NET BOOK VALUE
At 30 September 2023 22,302 34,422 56,724
At 30 September 2022 24,938 12,276 37,214

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 322,176 239,224
Prepayments and accrued income 10,913 6,458
333,089 245,682

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 201,782 268,471
Tax 32,694 47,799
Social security and other taxes 27,471 32,881
VAT 96,733 176,843
Accruals and deferred income 34,794 143,548
393,474 669,542

7. RELATED PARTY DISCLOSURES

Services to the value of £595,052 (2022 - £541,854) were received during the period from J & M Decorators, a business which is owned by M J Newcombe. In addition, £81,235 (2022 - £79,615) was paid to the business in respect of management and office services supplied to the company during the year.

8. ULTIMATE CONTROLLING PARTY

The company was under the control of the directors throughout the current year and the previous year.