IRIS Accounts Production v23.3.0.418 03452521 Board of Directors 6.4.22 5.4.23 5.4.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure034525212022-04-05034525212023-04-05034525212022-04-062023-04-05034525212021-04-05034525212021-04-062022-04-05034525212022-04-0503452521ns16:EnglandWales2022-04-062023-04-0503452521ns15:PoundSterling2022-04-062023-04-0503452521ns11:Director12022-04-062023-04-0503452521ns11:CompanyLimitedByGuarantee2022-04-062023-04-0503452521ns11:SmallEntities2022-04-062023-04-0503452521ns11:AuditExempt-NoAccountantsReport2022-04-062023-04-0503452521ns11:SmallCompaniesRegimeForDirectorsReport2022-04-062023-04-0503452521ns11:SmallCompaniesRegimeForAccounts2022-04-062023-04-0503452521ns11:FullAccounts2022-04-062023-04-0503452521ns11:Director22022-04-062023-04-0503452521ns11:Director32022-04-062023-04-0503452521ns11:Director42022-04-062023-04-0503452521ns11:CompanySecretary12022-04-062023-04-0503452521ns11:RegisteredOffice2022-04-062023-04-0503452521ns6:CurrentFinancialInstruments2023-04-0503452521ns6:CurrentFinancialInstruments2022-04-0503452521ns6:Non-currentFinancialInstruments2023-04-0503452521ns6:Non-currentFinancialInstruments2022-04-0503452521ns6:RetainedEarningsAccumulatedLosses2023-04-0503452521ns6:RetainedEarningsAccumulatedLosses2022-04-0503452521ns6:LeaseholdImprovements2022-04-062023-04-0503452521ns6:PlantMachinery2022-04-062023-04-0503452521ns6:FurnitureFittings2022-04-062023-04-0503452521ns6:MotorVehicles2022-04-062023-04-0503452521ns6:LandBuildings2022-04-0503452521ns6:LeaseholdImprovements2022-04-0503452521ns6:PlantMachinery2022-04-0503452521ns6:LandBuildings2022-04-062023-04-0503452521ns6:LandBuildings2023-04-0503452521ns6:LeaseholdImprovements2023-04-0503452521ns6:PlantMachinery2023-04-0503452521ns6:LandBuildings2022-04-0503452521ns6:LeaseholdImprovements2022-04-0503452521ns6:PlantMachinery2022-04-0503452521ns6:FurnitureFittings2022-04-0503452521ns6:MotorVehicles2022-04-0503452521ns6:ComputerEquipment2022-04-0503452521ns6:ComputerEquipment2022-04-062023-04-0503452521ns6:FurnitureFittings2023-04-0503452521ns6:MotorVehicles2023-04-0503452521ns6:ComputerEquipment2023-04-0503452521ns6:FurnitureFittings2022-04-0503452521ns6:MotorVehicles2022-04-0503452521ns6:ComputerEquipment2022-04-0503452521ns6:WithinOneYearns6:CurrentFinancialInstruments2023-04-0503452521ns6:WithinOneYearns6:CurrentFinancialInstruments2022-04-0503452521ns6:AfterOneYearns6:Non-currentFinancialInstruments2023-04-0503452521ns6:AfterOneYearns6:Non-currentFinancialInstruments2022-04-05
REGISTERED NUMBER: 03452521 (England and Wales)















NEW START

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2023






NEW START (REGISTERED NUMBER: 03452521)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 5th April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NEW START

COMPANY INFORMATION
for the Year Ended 5th April 2023







DIRECTORS: R S Baynes
A Baynes
C Brannan
M M Johnstone Doyle





SECRETARY: N Baynes





REGISTERED OFFICE: Heritage House
9b Hoghton Street
Southport
Merseyside
PR9 0TE





REGISTERED NUMBER: 03452521 (England and Wales)





ACCOUNTANTS: Garner & Associates Ltd
Liverpool Road Studios
Suites 3 & 4
113 Liverpool Road
Crosby
Merseyside
L23 5TD

NEW START (REGISTERED NUMBER: 03452521)

BALANCE SHEET
5th April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 429,274 454,400

CURRENT ASSETS
Debtors 5 325,092 178,588
Cash at bank and in hand 1,079,256 1,111,456
1,404,348 1,290,044
CREDITORS
Amounts falling due within one year 6 148,057 189,868
NET CURRENT ASSETS 1,256,291 1,100,176
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,685,565

1,554,576

CREDITORS
Amounts falling due after more than one
year

7

341,377

352,059
NET ASSETS 1,344,188 1,202,517

RESERVES
Income and expenditure account 1,344,188 1,202,517
1,344,188 1,202,517

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5th April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 5th April 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 surplus or deficit 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.

NEW START (REGISTERED NUMBER: 03452521)

BALANCE SHEET - continued
5th April 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 28th November 2023 and were signed on its behalf by:





R S Baynes - Director


NEW START (REGISTERED NUMBER: 03452521)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 5th April 2023

1. STATUTORY INFORMATION

New Start is a private company, limited by guarantee , 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 derived from the company's ordinary activities and is stated net of 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.
Improvements to property - 33.33% on cost
Plant and machinery - 33.33% on cost
Fixtures and fittings - 33.33% on cost
Motor vehicles - 33.33% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 154 (2022 - 158 ) .

NEW START (REGISTERED NUMBER: 03452521)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 5th April 2023

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 6th April 2022 350,179 152,842 50,000
Additions - - -
At 5th April 2023 350,179 152,842 50,000
DEPRECIATION
At 6th April 2022 - 88,431 49,999
Charge for year - 21,468 -
At 5th April 2023 - 109,899 49,999
NET BOOK VALUE
At 5th April 2023 350,179 42,943 1
At 5th April 2022 350,179 64,411 1

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 6th April 2022 695,755 161,602 - 1,410,378
Additions - - 9,249 9,249
At 5th April 2023 695,755 161,602 9,249 1,419,627
DEPRECIATION
At 6th April 2022 688,028 129,520 - 955,978
Charge for year 2,575 8,020 2,312 34,375
At 5th April 2023 690,603 137,540 2,312 990,353
NET BOOK VALUE
At 5th April 2023 5,152 24,062 6,937 429,274
At 5th April 2022 7,727 32,082 - 454,400

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 264,524 118,471
Other debtors 54,000 54,000
318,524 172,471

NEW START (REGISTERED NUMBER: 03452521)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 5th April 2023

5. DEBTORS - continued
2023 2022
£    £   
Amounts falling due after more than one year:
Other debtors 6,568 6,117

Aggregate amounts 325,092 178,588

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 17,763 17,763
Hire purchase contracts 18,895 19,288
Trade creditors 34,849 34,847
Taxation and social security 61,176 102,596
Other creditors 15,374 15,374
148,057 189,868

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 306,594 313,805
Hire purchase contracts 34,783 38,254
341,377 352,059

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 231,706 242,754

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 53,678 57,542

Hire purchase contracts are secured on the assets acquired.