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REGISTERED NUMBER: 09684317 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

NEWTONS MEDICAL SUPPLIES LIMITED

NEWTONS MEDICAL SUPPLIES LIMITED (REGISTERED NUMBER: 09684317)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NEWTONS MEDICAL SUPPLIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: C Newton





REGISTERED OFFICE: Street Farm
The Street
Pentlow
Sudbury
Suffolk
CO10 7JJ





REGISTERED NUMBER: 09684317 (England and Wales)





ACCOUNTANTS: Seago and Stopps
Chartered Certified Accountants
61 Station Road
Sudbury
Suffolk
CO10 2SP

NEWTONS MEDICAL SUPPLIES LIMITED (REGISTERED NUMBER: 09684317)

BALANCE SHEET
31 JULY 2023

31.7.22 31.7.23
£    £    Notes £    £   
FIXED ASSETS
23,675 Tangible assets 4 18,855

CURRENT ASSETS
120,000 Stocks 104,592
46,129 Debtors 5 37,141
541 Cash at bank 2,205
166,670 143,938
CREDITORS
146,965 Amounts falling due within one year 6 131,926
19,705 NET CURRENT ASSETS 12,012
43,380 TOTAL ASSETS LESS CURRENT
LIABILITIES

30,867

CREDITORS
(42,103 ) Amounts falling due after more than one
year

7

(22,185

)

- PROVISIONS FOR LIABILITIES (1,412 )
1,277 NET ASSETS 7,270

CAPITAL AND RESERVES
1 Called up share capital 1
1,276 Retained earnings 7,269
1,277 SHAREHOLDERS' FUNDS 7,270

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

NEWTONS MEDICAL SUPPLIES LIMITED (REGISTERED NUMBER: 09684317)

BALANCE SHEET - continued
31 JULY 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 director and authorised for issue on 13 February 2024 and were signed by:





C Newton - Director


NEWTONS MEDICAL SUPPLIES LIMITED (REGISTERED NUMBER: 09684317)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Newtons Medical Supplies 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 represents the value of goods sold during the year by reference to invoiced sales.

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 - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value.

Financial instruments
the company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statements such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts.

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.


NEWTONS MEDICAL SUPPLIES LIMITED (REGISTERED NUMBER: 09684317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
Totals property machinery fittings vehicles
£    £    £    £    £   
COST
At 1 August 2022 33,620 13,156 6,109 2,780 11,575
Additions 897 - 730 167 -
Disposals (2,240 ) - (2,240 ) - -
At 31 July 2023 32,277 13,156 4,599 2,947 11,575
DEPRECIATION
At 1 August 2022 9,945 1,932 2,987 2,132 2,894
Charge for year 4,614 1,316 688 440 2,170
Eliminated on disposal (1,137 ) - (1,137 ) - -
At 31 July 2023 13,422 3,248 2,538 2,572 5,064
NET BOOK VALUE
At 31 July 2023 18,855 9,908 2,061 375 6,511
At 31 July 2022 23,675 11,224 3,122 648 8,681

NEWTONS MEDICAL SUPPLIES LIMITED (REGISTERED NUMBER: 09684317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 36,654 19,517
Other debtors 487 26,612
37,141 46,129

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 54,193 62,339
Hire purchase contracts 1,570 5,928
Trade creditors 4,066 -
Taxation and social security 44,559 40,735
Other creditors 27,538 37,963
131,926 146,965

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 22,185 40,533
Hire purchase contracts - 1,570
22,185 42,103

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Bank overdrafts 35,845 31,845

The overdraft facility provided by HSBC bank is secured by way of a fixed and floating charge held over all of the company's assets.