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REGISTERED NUMBER: 12171739 (England and Wales)















Newton Bright Ltd

Financial Statements for the Year Ended 31st August 2023






Newton Bright Ltd (Registered number: 12171739)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Newton Bright Ltd

Company Information
for the Year Ended 31st August 2023







DIRECTOR: R J Preston





REGISTERED OFFICE: Windsor House
Bayshill Road
Cheltenham
Gloucestershire
GL50 3AT





REGISTERED NUMBER: 12171739 (England and Wales)





ACCOUNTANTS: Sheen Stickland
Chartered Accountants
The Engine House
77 Station Road
Petersfield
Hampshire
GU32 3FQ

Newton Bright Ltd (Registered number: 12171739)

Balance Sheet
31st August 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 33,465
Tangible assets 5 564 448
564 33,913

CURRENT ASSETS
Debtors 6 1,628 2,554
Cash at bank 27,985 50,457
29,613 53,011
CREDITORS
Amounts falling due within one year 7 (21,500 ) (24,430 )
NET CURRENT ASSETS 8,113 28,581
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,677

62,494

CREDITORS
Amounts falling due after more than
one year

8

(20,752

)

(89,882

)

PROVISIONS FOR LIABILITIES - (71 )
NET LIABILITIES (12,075 ) (27,459 )

Newton Bright Ltd (Registered number: 12171739)

Balance Sheet - continued
31st August 2023

2023 2022
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 (12,175 ) (27,559 )
SHAREHOLDERS' FUNDS (12,075 ) (27,459 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28th March 2024 and were signed by:





R J Preston - Director


Newton Bright Ltd (Registered number: 12171739)

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


1. STATEMENT OF COMPLIANCE

Newton Bright Limited is a private company, limited by shares, incorporated in England and Wales. The address of the registered office is Windsor House, Bayshill Road, Cheltenham, Gloucestershire, GL50 3AT. The registration number is 12171739.

The financial statements are presented in sterling, the functional currency of the company, and rounded to the nearest pound.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements have been prepared under the historical convention.

The financial statements have been prepared on the going concern basis as the director has confirmed he will continue to provide the financial and other support required by the company.

Turnover
Turnover is measured at the fair value of consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes for the provision of education services.

Goodwill
Goodwill, being the amount of estimated consideration for the acquisition of the trade in 2019, is being amortised over its estimated useful life of 4 years.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the financial instrument.

Cash and cash equivalents
These comprise cash at bank and other short term liquid investments.

Debtors
Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


Newton Bright Ltd (Registered number: 12171739)

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


2. ACCOUNTING POLICIES - continued
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.

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 2 (2022 - 3 ) .

Newton Bright Ltd (Registered number: 12171739)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st September 2022 83,663
Disposals (83,663 )
At 31st August 2023 -
AMORTISATION
At 1st September 2022 50,198
Eliminated on disposal (50,198 )
At 31st August 2023 -
NET BOOK VALUE
At 31st August 2023 -
At 31st August 2022 33,465

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st September 2022 701
Additions 525
At 31st August 2023 1,226
DEPRECIATION
At 1st September 2022 253
Charge for year 409
At 31st August 2023 662
NET BOOK VALUE
At 31st August 2023 564
At 31st August 2022 448

Newton Bright Ltd (Registered number: 12171739)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 100 2,044
Tax 1,126 -
Prepayments and accrued income 402 510
1,628 2,554

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,177 9,747
Trade creditors 8,364 9,944
Tax - 1,126
Other creditors 209 209
Accruals and deferred income 3,750 3,404
21,500 24,430

A bounce back loan totalling £29,929 (2022:£40,493) is 100% secured by the government.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank Loan > 1 year 20,752 30,746
Other creditors - 59,136
20,752 89,882

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
100 Share capital 1 1 100 100

These shares are unpaid as at 31st August 2023.

Newton Bright Ltd (Registered number: 12171739)

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


10. RESERVES
Retained
earnings
£   

At 1st September 2022 (27,559 )
Profit for the year 15,384
At 31st August 2023 (12,175 )

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.