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REGISTERED NUMBER: 05310071 (England and Wales)













REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

R E NEWTON LIMITED

R E NEWTON LIMITED (REGISTERED NUMBER: 05310071)






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




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


R E NEWTON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: R E Newton
S Walton





SECRETARY: R L Newton





REGISTERED OFFICE: 25 Church Street
Nassington
Peterborough
PE8 6QG





REGISTERED NUMBER: 05310071 (England and Wales)





ACCOUNTANTS: D W Norman & Co Ltd
Mulberry Corner
27 Church Street
Nassington
Peterborough
PE8 6QG

R E NEWTON LIMITED (REGISTERED NUMBER: 05310071)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 MARCH 2023

The directors present their report with the financial statements of the company for the year ended 31 March 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of building renovations and carpentry.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2022 to the date of this report.

R E Newton
S Walton

Other changes in directors holding office are as follows:

R L Newton - resigned 30 April 2022

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





R E Newton - Director


20 July 2023

R E NEWTON LIMITED (REGISTERED NUMBER: 05310071)

INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2023

2023 2022
Notes £    £   

TURNOVER 1,188,372 953,615

Cost of sales 619,539 514,541
GROSS PROFIT 568,833 439,074

Administrative expenses 84,448 63,497
484,385 375,577

Other operating income - 154
OPERATING PROFIT 4 484,385 375,731

Interest receivable and similar income 4,129 68
PROFIT BEFORE TAXATION 488,514 375,799

Tax on profit 92,818 72,061
PROFIT FOR THE FINANCIAL YEAR 395,696 303,738

R E NEWTON LIMITED (REGISTERED NUMBER: 05310071)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 19,915 23,970
19,915 23,970

CURRENT ASSETS
Stocks 14,080 10,980
Debtors 7 99,943 85,934
Cash at bank 1,011,278 745,383
1,125,301 842,297
CREDITORS
Amounts falling due within one year 8 174,353 126,409
NET CURRENT ASSETS 950,948 715,888
TOTAL ASSETS LESS CURRENT
LIABILITIES

970,863

739,858

CREDITORS
Amounts falling due after more than one
year

9

(84,000

)

(54,000

)

PROVISIONS FOR LIABILITIES (3,784 ) (4,554 )
NET ASSETS 883,079 681,304

CAPITAL AND RESERVES
Called up share capital 15 6
Retained earnings 883,064 681,298
883,079 681,304

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

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

R E NEWTON LIMITED (REGISTERED NUMBER: 05310071)

BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 20 July 2023 and were signed on its behalf by:





R E Newton - Director


R E NEWTON LIMITED (REGISTERED NUMBER: 05310071)

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

1. STATUTORY INFORMATION

R E Newton 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

R E NEWTON LIMITED (REGISTERED NUMBER: 05310071)

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

2. ACCOUNTING POLICIES - continued

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 8 (2022 - 8 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

2023 2022
£    £   
Depreciation - owned assets 6,640 7,993

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 16,400
AMORTISATION
At 1 April 2022
and 31 March 2023 16,400
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 116,956
Additions 2,585
At 31 March 2023 119,541
DEPRECIATION
At 1 April 2022 92,986
Charge for year 6,640
At 31 March 2023 99,626
NET BOOK VALUE
At 31 March 2023 19,915
At 31 March 2022 23,970

R E NEWTON LIMITED (REGISTERED NUMBER: 05310071)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 99,943 85,934

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,354 8,213
Trade creditors 44,369 8,523
Taxation and social security 109,657 104,223
Other creditors 15,973 5,450
174,353 126,409

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 84,000 54,000