NEWSHOLME ENGINEERING LIMITED

Company Registration Number:
07057709 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2023

Period of accounts

Start date: 01 November 2022

End date: 31 October 2023

NEWSHOLME ENGINEERING LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Notes

NEWSHOLME ENGINEERING LIMITED

Balance sheet

As at 31 October 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 43,000 43,000
Tangible assets: 4 47,327 34,103
Total fixed assets: 90,327 77,103
Current assets
Stocks: 25,262 31,357
Debtors:   9,813 23,243
Cash at bank and in hand: 64,591 53,507
Total current assets: 99,666 108,107
Creditors: amounts falling due within one year:   (28,001) (52,005)
Net current assets (liabilities): 71,665 56,102
Total assets less current liabilities: 161,992 133,205
Total net assets (liabilities): 161,992 133,205
Capital and reserves
Called up share capital: 200 200
Other reserves: 70,100 70,100
Profit and loss account: 91,692 62,905
Shareholders funds: 161,992 133,205

The notes form part of these financial statements

NEWSHOLME ENGINEERING LIMITED

Balance sheet statements

For the year ending 31 October 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 12 February 2024
and signed on behalf of the board by:

Name: A Mosley
Status: Director

The notes form part of these financial statements

NEWSHOLME ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable excluding value added taxation.

Tangible fixed assets and depreciation policy

Depreciation is provided at 25% or 20% on a rolling balance basis in order to write off each asset over its estimated useful life.

NEWSHOLME ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

2. Employees

2023 2022
Average number of employees during the period 4 5

NEWSHOLME ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Intangible Assets

Total
Cost £
At 01 November 2022 43,000
At 31 October 2023 43,000
Net book value
At 31 October 2023 43,000
At 31 October 2022 43,000

NEWSHOLME ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Tangible Assets

Total
Cost £
At 01 November 2022 113,299
Additions 36,303
Disposals (21,000)
At 31 October 2023 128,602
Depreciation
At 01 November 2022 79,196
Charge for year 14,477
On disposals (12,398)
At 31 October 2023 81,275
Net book value
At 31 October 2023 47,327
At 31 October 2022 34,103