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Registered number: 09496369
NEWLAW AUTOMOTIVE CONSULTANTS LIMITED
Financial Statements
For The Year Ended 31 March 2024
Arthur G Edwards & Co Limited
Chartered Certified Accountants
Alexandra House
74 Moorland Road
Stoke-on-Trent
Staffs
ST6 1DY
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—6
Page 1
Balance Sheet
Registered number: 09496369
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,375 -
12,375 -
CURRENT ASSETS
Stocks 13,076 14,673
Debtors 5 3,520 5,125
Cash at bank and in hand 129,456 178,819
146,052 198,617
Creditors: Amounts Falling Due Within One Year 6 (44,469 ) (66,887 )
NET CURRENT ASSETS (LIABILITIES) 101,583 131,730
TOTAL ASSETS LESS CURRENT LIABILITIES 113,958 131,730
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,135 ) -
NET ASSETS 110,823 131,730
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 110,821 131,728
SHAREHOLDERS' FUNDS 110,823 131,730
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Alan Bithell
Director
18/04/2024
The notes on pages 4 to 6 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 April 2022 2 130,336 130,338
Profit for the year and total comprehensive income - 55,392 55,392
Dividends paid - (54,000) (54,000)
As at 31 March 2023 and 1 April 2023 2 131,728 131,730
Profit for the year and total comprehensive income - 31,733 31,733
Dividends paid - (52,640) (52,640)
As at 31 March 2024 2 110,821 110,823
Page 3
Page 4
Notes to the Financial Statements
1. General Information
NEWLAW AUTOMOTIVE CONSULTANTS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 09496369 . The registered office is Alexandra House, 74 Moorland Road, Stoke-on-Trent, Staffs, ST6 1DY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% reducing balance
2.4. Taxation
The corporation tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before taxation as reported in the profit and loss account because of adjustments made for dissallowable items of expenditure. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 4
Page 5
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 April 2023 -
Additions 16,500
As at 31 March 2024 16,500
Depreciation
As at 1 April 2023 -
Provided during the period 4,125
As at 31 March 2024 4,125
Net Book Value
As at 31 March 2024 12,375
As at 1 April 2023 -
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,360 5,125
Prepayments and accrued income 160 -
3,520 5,125
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 19,460
Corporation tax 5,362 13,112
Other taxes and social security 3,955 2,122
Accruals and deferred income 1,525 1,555
Directors' loan accounts 33,626 30,638
44,469 66,887
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5
Page 6
8. Controlling Party
The company's controlling parties are Mr A Bithell and Mrs A Bithell by virtue of their ownership of 100% of the issued share capital in the company (50% each).
Page 6