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REGISTERED NUMBER: 03884013 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Newton Contracting Services Limited

Newton Contracting Services Limited (Registered number: 03884013)

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 Contracting Services Limited

Company Information
for the year ended 31 March 2023







DIRECTORS: P Newton
Mrs S Newton





SECRETARY: P Newton





REGISTERED OFFICE: Faraday House
Wolfreton Drive
Anlaby
Hull
East Yorkshire
HU10 7BY





REGISTERED NUMBER: 03884013 (England and Wales)





ACCOUNTANTS: Marshall & Co
Chartered Accountants
& Chartered Tax Advisers
The Bloc
Springfield Way
Anlaby
Kingston upon Hull
East Yorkshire
HU10 6RJ

Newton Contracting Services Limited (Registered number: 03884013)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 56,381 74,928

CURRENT ASSETS
Stocks 176,086 278,493
Debtors 5 1,223,992 1,155,191
Cash at bank 694,134 615,966
2,094,212 2,049,650
CREDITORS
Amounts falling due within one year 6 476,321 455,337
NET CURRENT ASSETS 1,617,891 1,594,313
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,674,272

1,669,241

CREDITORS
Amounts falling due after more than one year 7 (196,583 ) (263,983 )

PROVISIONS FOR LIABILITIES (10,712 ) (14,236 )
NET ASSETS 1,466,977 1,391,022

CAPITAL AND RESERVES
Called up share capital 125 125
Retained earnings 1,466,852 1,390,897
SHAREHOLDERS' FUNDS 1,466,977 1,391,022

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 Contracting Services Limited (Registered number: 03884013)

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 Board of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by:





P Newton - Director


Newton Contracting Services Limited (Registered number: 03884013)

Notes to the Financial Statements
for the year ended 31 March 2023


1. STATUTORY INFORMATION

Newton Contracting Services 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 etc - 33% on cost, 25% on reducing balance and 15% 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.

Newton Contracting Services Limited (Registered number: 03884013)

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 17 (2022 - 17 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 13,437 1,865 228,138 22,028 265,468
Additions - 383 - 572 955
At 31 March 2023 13,437 2,248 228,138 22,600 266,423
DEPRECIATION
At 1 April 2022 9,858 1,512 159,435 19,735 190,540
Charge for year 537 110 17,176 1,679 19,502
At 31 March 2023 10,395 1,622 176,611 21,414 210,042
NET BOOK VALUE
At 31 March 2023 3,042 626 51,527 1,186 56,381
At 31 March 2022 3,579 353 68,703 2,293 74,928

Within Motor Vehicles, assets held on hire purchase have a net book value of £nil (2022 - £17,715)

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 268,025 467,637
Amounts recoverable on contract - 113,297
Other debtors 955,967 574,257
1,223,992 1,155,191

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 67,400 67,400
Hire purchase contracts - 8,734
Trade creditors 294,155 215,348
Taxation and social security 86,031 137,018
Other creditors 28,735 26,837
476,321 455,337

Newton Contracting Services Limited (Registered number: 03884013)

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
£    £   
Bank loans 196,583 263,983

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts - 8,734

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
P Newton and Mrs S Newton
Balance outstanding at start of year 182,598 174,560
Amounts advanced 235,361 207,863
Amounts repaid (206,249 ) (199,825 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 211,710 182,598

10. RELATED PARTY DISCLOSURES

At the year end the company was owed £607,595 from a company which is under common control. This is a non interest bearing loan with no formal terms of repayment.