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Company Registration No. 11080896 (England and Wales)
NEWESCO LTD Unaudited accounts for the year ended 30 November 2023
NEWESCO LTD Unaudited accounts Contents
Page
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NEWESCO LTD Company Information for the year ended 30 November 2023
Director
Simon Hayes
Company Number
11080896 (England and Wales)
Registered Office
Denmark House 143 High Street Chalfont St Peter Bucks SL9 9QL
Accountants
Lane Accounting Limited Denmark House 143 High Street Chalfont St Peter Buckinghamshire SL9 9QL
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NEWESCO LTD Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
26,245 
37,808 
Current assets
Debtors
18 
5,192 
Cash at bank and in hand
21,555 
15,197 
21,573 
20,389 
Creditors: amounts falling due within one year
(3,046)
(2,776)
Net current assets
18,527 
17,613 
Net assets
44,772 
55,421 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
44,771 
55,420 
Shareholders' funds
44,772 
55,421 
For the year ending 30 November 2023 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 February 2024 and were signed on its behalf by
Simon Hayes Director Company Registration No. 11080896
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NEWESCO LTD Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
NEWESCO LTD is a private company, limited by shares, registered in England and Wales, registration number 11080896. The registered office is Denmark House 143 High Street, Chalfont St Peter, Bucks, SL9 9QL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% per annum reducing balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 December 2022
115,379 
At 30 November 2023
115,379 
Depreciation
At 1 December 2022
77,571 
Charge for the year
11,563 
At 30 November 2023
89,134 
Net book value
At 30 November 2023
26,245 
At 30 November 2022
37,808 
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NEWESCO LTD Notes to the Accounts for the year ended 30 November 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
18 
5,192 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
773 
- 
Taxes and social security
214 
2,206 
Loans from directors
1,329 
40 
Accruals
730 
530 
3,046 
2,776 
7
Loans to directors
At 30 November 2023 Simon Hayes, director, had lent the company £40 (2022 - £40). This is an interest free loan repayable on demand.
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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