Registered number
05087504
New London UK Limited
Filleted Accounts for the year ended
31 March 2023
New London UK Limited
Registered number: 05087504
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 3,978 3,872
Current assets
Debtors 4 46,109 18,142
Cash at bank and in hand 5,764 53,308
51,873 71,450
Creditors: amounts falling due within one year 5 (21,378) (30,397)
Net current liabilities 30,495 41,053
Total assets less current liabilities 34,473 44,925
Creditors: amounts falling due after more than one year 6 (20,663) (31,520)
Net liabilities 13,810 13,405
Capital and reserves
Called up share capital 2 2
Profit and loss account 13,808 13,403
Shareholder's funds 13,810 13,405
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Torgeman
Director
Approved by the board on 7 January 2024
New London UK Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 7 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 8,346
Additions 1,227
At 31 March 2023 9,573
Depreciation
At 1 April 2022 4,474
Charge for the year 1,121
At 31 March 2023 5,595
Net book value
At 31 March 2023 3,978
At 31 March 2022 3,872
4 Debtors 2023 2022
£ £
Trade debtors 245 42
Rent deposit 8,625 8,625
Director's loan 35,966 2,427
Other debtors 1,273 7,048
46,109 18,142
Amounts due after more than one year included above 8,625 8,625
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 11,875 11,040
Trade creditors 818 12,966
Taxation and social security costs 5,210 4,641
Net wages - 1,150
Other creditors 3,475 600
21,378 30,397
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 20,663 31,520
7 Transactions with the director
As at 31 March 2023 the director S Torgeman, owed £35,966 to the company. This is included in debtors.

This was repaid in full after the year end.
8 Controlling party
The controlling party is the director S Torgeman who holds 100% of the issued share capital of the company.
9 Other information
New London UK Limited is a private company limited by shares and incorporated in England. Its registered office is:
24 Ormonde Terrace
London
NW8 7LR
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