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REGISTERED NUMBER: 08755223 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Newcastle International Kilns Ltd

Newcastle International Kilns Ltd (Registered number: 08755223)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Newcastle International Kilns Ltd (Registered number: 08755223)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,216 10,185

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 5 76,619 55,745
Cash at bank 62,415 24,261
144,034 85,006
CREDITORS
Amounts falling due within one year 6 93,229 47,396
NET CURRENT ASSETS 50,805 37,610
TOTAL ASSETS LESS CURRENT LIABILITIES 59,021 47,795

CREDITORS
Amounts falling due after more than one year 7 (2,043 ) (4,271 )

PROVISIONS FOR LIABILITIES (3,042 ) (457 )
NET ASSETS 53,936 43,067

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 53,836 42,967
SHAREHOLDERS' FUNDS 53,936 43,067

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 February 2024 and were signed by:




Mr P Cassidy - Director


Newcastle International Kilns Ltd (Registered number: 08755223)

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

1. STATUTORY INFORMATION

Newcastle International Kilns Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08755223

Registered office: Ebenezer House
Ryecroft
Newcastle under Lyme
Staffordshire
ST5 2BE

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue is recognised as the company becomes entitled to consideration for the goods supplied.

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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & 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.

Newcastle International Kilns Ltd (Registered number: 08755223)

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

2. ACCOUNTING POLICIES - continued

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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2022 3,500 500 30,947 1,482 36,429
Additions 536 - - - 536
At 31 August 2023 4,036 500 30,947 1,482 36,965
DEPRECIATION
At 1 September 2022 1,954 383 22,969 938 26,244
Charge for year 312 18 1,995 180 2,505
At 31 August 2023 2,266 401 24,964 1,118 28,749
NET BOOK VALUE
At 31 August 2023 1,770 99 5,983 364 8,216
At 31 August 2022 1,546 117 7,978 544 10,185

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2022
and 31 August 2023 9,369
DEPRECIATION
At 1 September 2022 5,417
Charge for year 988
At 31 August 2023 6,405
NET BOOK VALUE
At 31 August 2023 2,964
At 31 August 2022 3,952

Newcastle International Kilns Ltd (Registered number: 08755223)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 74,132 53,849
Other debtors 2,487 1,896
76,619 55,745

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 2,229 2,229
Trade creditors 373 16,612
Taxation and social security 24,204 13,225
Other creditors 66,423 15,330
93,229 47,396

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 2,043 4,271

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 4,272 6,500

Hire purchase creditors are secured on the related fixed assets.

9. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £4,386 (2022 £11,205) This financial commitment represents the total amount of payments remaining on a lease ending in 2024.