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REGISTERED NUMBER: 02262596 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

NEW LINE (ESSEX) LIMITED

NEW LINE (ESSEX) LIMITED (REGISTERED NUMBER: 02262596)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

NEW LINE (ESSEX) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: J J Saunders
P J Saunders





REGISTERED OFFICE: Rutland House
90-92 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ





REGISTERED NUMBER: 02262596 (England and Wales)





ACCOUNTANTS: Goldwyns Limited
Chartered Accountants
Rutland House
90-92 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ

NEW LINE (ESSEX) LIMITED (REGISTERED NUMBER: 02262596)

ABRIDGED BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 87,717 -
Tangible assets 5 197,041 215,405
Investment property 6 220,028 220,028
504,786 435,433

CURRENT ASSETS
Stocks 254,824 271,771
Debtors 7 651,069 665,825
Cash at bank 1,224,513 1,039,723
2,130,406 1,977,319
CREDITORS
Amounts falling due within one year 758,992 629,261
NET CURRENT ASSETS 1,371,414 1,348,058
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,876,200

1,783,491

PROVISIONS FOR LIABILITIES 9 43,200 8,281
NET ASSETS 1,833,000 1,775,210

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 1,832,900 1,775,110
SHAREHOLDERS' FUNDS 1,833,000 1,775,210

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

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

NEW LINE (ESSEX) LIMITED (REGISTERED NUMBER: 02262596)

ABRIDGED BALANCE SHEET - continued
30 SEPTEMBER 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 18 January 2024 and were signed on its behalf by:





J J Saunders - Director


NEW LINE (ESSEX) LIMITED (REGISTERED NUMBER: 02262596)

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

1. STATUTORY INFORMATION

New Line (Essex) 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 the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes from the sale of cleaning and hygiene supplies. Sales of goods are recognised when the legal title transfers to the customer.

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 - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2022 - 27 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 131,576
At 30 September 2023 131,576
AMORTISATION
Amortisation for year 43,859
At 30 September 2023 43,859
NET BOOK VALUE

At 30 September 2023 87,717

NEW LINE (ESSEX) LIMITED (REGISTERED NUMBER: 02262596)

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

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2022 620,269
Additions 62,350
Disposals (49,485 )
At 30 September 2023 633,134
DEPRECIATION
At 1 October 2022 404,864
Charge for year 64,188
Eliminated on disposal (32,959 )
At 30 September 2023 436,093
NET BOOK VALUE
At 30 September 2023 197,041
At 30 September 2022 215,405

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022
and 30 September 2023 220,028
NET BOOK VALUE
At 30 September 2023 220,028
At 30 September 2022 220,028

7. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other debtors 6,375 6,375

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 80,202 69,000
Between one and five years 223,829 258,750
304,031 327,750

NEW LINE (ESSEX) LIMITED (REGISTERED NUMBER: 02262596)

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

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 3,200 8,281
Other provisions 40,000 -
43,200 8,281

Deferred Other
tax provisions
£    £   
Balance at 1 October 2022 8,281 -
Provided during year - 40,000
Provisions released (5,081 ) -
Balance at 30 September 2023 3,200 40,000

During the course of the year the company's landlord raised a retrospective rent review dating back to 2021. The company acknowledged liability for some reasonable increase although at the balance sheet date the matter remained under ongoing negotiation. The above other provisions represent the arrears that were ultimately agreed (prior to the approval of these accounts), with the full cost recognised in this year's costs.

10. CALLED UP SHARE CAPITAL

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

11. PENSION COMMITMENTS

During the year the company made contributions of £11,491 (2022 - £9,685) to a defined contribution scheme on behalf of its employees. At the balance sheet date the company owed £2,538 of outstanding premiums (2022 - £1,758).

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
NEW LINE (ESSEX) LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of New Line (Essex) Limited for the year ended 30 September 2023 which comprise the Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of New Line (Essex) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of New Line (Essex) Limited and state those matters that we have agreed to state to the Board of Directors of New Line (Essex) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than New Line (Essex) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that New Line (Essex) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of New Line (Essex) Limited. You consider that New Line (Essex) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of New Line (Essex) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Goldwyns Limited
Chartered Accountants
Rutland House
90-92 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ


18 January 2024