2023-04-012024-03-312024-03-31false11093064G.B. Newell & Son Limited2024-04-09iso4217:GBPxbrli:pure110930642023-04-01110930642024-03-31110930642023-04-012024-03-31110930642022-04-01110930642023-03-31110930642022-04-012023-03-3111093064bus:SmallEntities2023-04-012024-03-3111093064bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3111093064bus:FullAccounts2023-04-012024-03-3111093064bus:PrivateLimitedCompanyLtd2023-04-012024-03-3111093064core:WithinOneYear2024-03-3111093064core:AfterOneYear2024-03-3111093064core:WithinOneYear2023-03-3111093064core:AfterOneYear2023-03-3111093064core:ShareCapital2024-03-3111093064core:SharePremium2024-03-3111093064core:RevaluationReserve2024-03-3111093064core:OtherReservesSubtotal2024-03-3111093064core:RetainedEarningsAccumulatedLosses2024-03-3111093064core:ShareCapital2023-03-3111093064core:SharePremium2023-03-3111093064core:RevaluationReserve2023-03-3111093064core:OtherReservesSubtotal2023-03-3111093064core:RetainedEarningsAccumulatedLosses2023-03-3111093064core:LandBuildings2024-03-3111093064core:PlantMachinery2024-03-3111093064core:Vehicles2024-03-3111093064core:FurnitureFittings2024-03-3111093064core:OfficeEquipment2024-03-3111093064core:NetGoodwill2024-03-3111093064core:IntangibleAssetsOtherThanGoodwill2024-03-3111093064core:ListedExchangeTraded2024-03-3111093064core:UnlistedNon-exchangeTraded2024-03-3111093064core:LandBuildings2023-03-3111093064core:PlantMachinery2023-03-3111093064core:Vehicles2023-03-3111093064core:FurnitureFittings2023-03-3111093064core:OfficeEquipment2023-03-3111093064core:NetGoodwill2023-03-3111093064core:IntangibleAssetsOtherThanGoodwill2023-03-3111093064core:ListedExchangeTraded2023-03-3111093064core:UnlistedNon-exchangeTraded2023-03-3111093064core:LandBuildings2023-04-012024-03-3111093064core:PlantMachinery2023-04-012024-03-3111093064core:Vehicles2023-04-012024-03-3111093064core:FurnitureFittings2023-04-012024-03-3111093064core:OfficeEquipment2023-04-012024-03-3111093064core:NetGoodwill2023-04-012024-03-3111093064core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3111093064core:ListedExchangeTraded2023-04-012024-03-3111093064core:UnlistedNon-exchangeTraded2023-04-012024-03-3111093064core:MoreThanFiveYears2023-04-012024-03-3111093064core:Non-currentFinancialInstruments2024-03-3111093064core:Non-currentFinancialInstruments2023-03-3111093064dpl:CostSales2023-04-012024-03-3111093064dpl:DistributionCosts2023-04-012024-03-3111093064core:LandBuildings2023-04-012024-03-3111093064core:PlantMachinery2023-04-012024-03-3111093064core:Vehicles2023-04-012024-03-3111093064core:FurnitureFittings2023-04-012024-03-3111093064core:OfficeEquipment2023-04-012024-03-3111093064dpl:AdministrativeExpenses2023-04-012024-03-3111093064core:NetGoodwill2023-04-012024-03-3111093064core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3111093064dpl:GroupUndertakings2023-04-012024-03-3111093064dpl:ParticipatingInterests2023-04-012024-03-3111093064dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3111093064core:ListedExchangeTraded2023-04-012024-03-3111093064dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3111093064core:UnlistedNon-exchangeTraded2023-04-012024-03-3111093064dpl:CostSales2022-04-012023-03-3111093064dpl:DistributionCosts2022-04-012023-03-3111093064core:LandBuildings2022-04-012023-03-3111093064core:PlantMachinery2022-04-012023-03-3111093064core:Vehicles2022-04-012023-03-3111093064core:FurnitureFittings2022-04-012023-03-3111093064core:OfficeEquipment2022-04-012023-03-3111093064dpl:AdministrativeExpenses2022-04-012023-03-3111093064core:NetGoodwill2022-04-012023-03-3111093064core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3111093064dpl:GroupUndertakings2022-04-012023-03-3111093064dpl:ParticipatingInterests2022-04-012023-03-3111093064dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3111093064core:ListedExchangeTraded2022-04-012023-03-3111093064dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3111093064core:UnlistedNon-exchangeTraded2022-04-012023-03-3111093064core:NetGoodwill2024-03-3111093064core:IntangibleAssetsOtherThanGoodwill2024-03-3111093064core:LandBuildings2024-03-3111093064core:PlantMachinery2024-03-3111093064core:Vehicles2024-03-3111093064core:FurnitureFittings2024-03-3111093064core:OfficeEquipment2024-03-3111093064core:AfterOneYear2024-03-3111093064core:WithinOneYear2024-03-3111093064core:ListedExchangeTraded2024-03-3111093064core:UnlistedNon-exchangeTraded2024-03-3111093064core:ShareCapital2024-03-3111093064core:SharePremium2024-03-3111093064core:RevaluationReserve2024-03-3111093064core:OtherReservesSubtotal2024-03-3111093064core:RetainedEarningsAccumulatedLosses2024-03-3111093064core:NetGoodwill2023-03-3111093064core:IntangibleAssetsOtherThanGoodwill2023-03-3111093064core:LandBuildings2023-03-3111093064core:PlantMachinery2023-03-3111093064core:Vehicles2023-03-3111093064core:FurnitureFittings2023-03-3111093064core:OfficeEquipment2023-03-3111093064core:AfterOneYear2023-03-3111093064core:WithinOneYear2023-03-3111093064core:ListedExch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G.B. Newell & Son Limited

Registered Number
11093064
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

G.B. Newell & Son Limited
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

Mr G B Newell
Mrs D C Newell

Registered Address

Ninelands Lane
Garforth
Leeds
LS25 1NX

Registered Number

11093064 (England and Wales)
G.B. Newell & Son Limited
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets32,6207,606
2,6207,606
Current assets
Stocks47,5039,482
Debtors54,6594,921
Cash at bank and on hand17,73726,337
29,89940,740
Creditors amounts falling due within one year6(22,589)(30,384)
Net current assets (liabilities)7,31010,356
Total assets less current liabilities9,93017,962
Provisions for liabilities7-(401)
Net assets9,93017,561
Capital and reserves
Called up share capital100100
Profit and loss account9,83017,461
Shareholders' funds9,93017,561
The financial statements were approved and authorised for issue by the Board of Directors on 9 April 2024, and are signed on its behalf by:
Mr G B Newell
Director
Registered Company No. 11093064
G.B. Newell & Son Limited
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
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).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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.
Revenue from sale of goods
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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Deferred tax
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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery4
Vehicles4
Office Equipment4
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

20242023
Average number of employees during the year33
3.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 April 236,71631,21239938,327
At 31 March 246,71631,21239938,327
Depreciation and impairment
At 01 April 234,69525,83619030,721
Charge for year8544,0321004,986
At 31 March 245,54929,86829035,707
Net book value
At 31 March 241,1671,3441092,620
At 31 March 232,0215,3762097,606
4.Stocks

2024

2023

££
Finished goods7,5039,482
Total7,5039,482
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables2,4943,145
Other debtors358-
Prepayments and accrued income1,8071,776
Total4,6594,921
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables10,39913,647
Amounts owed to related parties2,5742,161
Taxation and social security7,63113,342
Other creditors1,285584
Accrued liabilities and deferred income700650
Total22,58930,384
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)-401
Total-401