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REGISTERED NUMBER: 01659733 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

NEWPORT CONTAINER VALET LIMITED

NEWPORT CONTAINER VALET LIMITED (REGISTERED NUMBER: 01659733)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NEWPORT CONTAINER VALET LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: P Williams
S Williams
N E Williams
D F Williams





REGISTERED OFFICE: 118 Medway Road
Bettws
Newport
South Wales
NP20 7XT





REGISTERED NUMBER: 01659733 (England and Wales)





ACCOUNTANTS: Arthur Gait & Company Limited
Chartered Certified Accountants
18 Gold Tops
Newport
NP20 5WJ

NEWPORT CONTAINER VALET LIMITED (REGISTERED NUMBER: 01659733)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 76,300 53,809

CURRENT ASSETS
Stocks 110,028 110,304
Debtors 5 189,360 134,944
Cash at bank and in hand 291,212 128,810
590,600 374,058
CREDITORS
Amounts falling due within one year 6 161,945 88,086
NET CURRENT ASSETS 428,655 285,972
TOTAL ASSETS LESS CURRENT
LIABILITIES

504,955

339,781

PROVISIONS FOR LIABILITIES 18,775 10,224
NET ASSETS 486,180 329,557

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 486,080 329,457
SHAREHOLDERS' FUNDS 486,180 329,557

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

NEWPORT CONTAINER VALET LIMITED (REGISTERED NUMBER: 01659733)

BALANCE SHEET - continued
30 NOVEMBER 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 25 March 2024 and were signed on its behalf by:





P Williams - Director


NEWPORT CONTAINER VALET LIMITED (REGISTERED NUMBER: 01659733)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Newport Container Valet 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 - 25% on reducing balance and 15% on reducing balance

Stocks
Stock and work in progress are valued at the lower of cost and net realisable value.

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.

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 13 (2022 - 13 ) .

NEWPORT CONTAINER VALET LIMITED (REGISTERED NUMBER: 01659733)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 162,768
Additions 36,220
Disposals (6,995 )
At 30 November 2023 191,993
DEPRECIATION
At 1 December 2022 108,959
Charge for year 13,141
Eliminated on disposal (6,407 )
At 30 November 2023 115,693
NET BOOK VALUE
At 30 November 2023 76,300
At 30 November 2022 53,809

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 181,822 128,520
Other debtors 7,538 6,424
189,360 134,944

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 53,853 41,217
Taxation and social security 100,225 37,489
Other creditors 7,867 9,380
161,945 88,086

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.11.23 30.11.22
£    £   
Between one and five years 119,000 203,000