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REGISTERED NUMBER: 12257829 (England and Wales)

















Needwood Engineering Consulting Limited

Financial Statements

for the Year Ended 31 October 2023






Needwood Engineering Consulting Limited (Registered number: 12257829)

Contents of the Financial Statements
for the year ended 31 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Needwood Engineering Consulting Limited

Company Information
for the year ended 31 October 2023







DIRECTOR: J H Bush





SECRETARY: Mrs K C Bush





REGISTERED OFFICE: 24 Cornwall Road
Dorchester
Dorset
DT1 1RX





REGISTERED NUMBER: 12257829 (England and Wales)





ACCOUNTANTS: Read Woodruff
Chartered Accountants
24 Cornwall Road
Dorchester
Dorset
DT1 1RX

Needwood Engineering Consulting Limited (Registered number: 12257829)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,475 1,966

CURRENT ASSETS
Debtors 5 14,204 14,196
Cash at bank 90,103 103,562
104,307 117,758
CREDITORS
Amounts falling due within one year 6 14,450 26,434
NET CURRENT ASSETS 89,857 91,324
TOTAL ASSETS LESS CURRENT
LIABILITIES

91,332

93,290

PROVISIONS FOR LIABILITIES 299 374
NET ASSETS 91,033 92,916

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 90,933 92,816
SHAREHOLDERS' FUNDS 91,033 92,916

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 July 2024 and were signed by:





J H Bush - Director


Needwood Engineering Consulting Limited (Registered number: 12257829)

Notes to the Financial Statements
for the year ended 31 October 2023


1. STATUTORY INFORMATION

Needwood Engineering Consulting 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 25% on reducing balance

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.

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 1 (2022 - 1 ) .

Needwood Engineering Consulting Limited (Registered number: 12257829)

Notes to the Financial Statements - continued
for the year ended 31 October 2023


4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 November 2022
and 31 October 2023 2,622
DEPRECIATION
At 1 November 2022 656
Charge for year 491
At 31 October 2023 1,147
NET BOOK VALUE
At 31 October 2023 1,475
At 31 October 2022 1,966

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 13,682 13,599
Other debtors - 106
Prepayments and accrued income 522 491
14,204 14,196

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 392 -
UK corporation tax 11,656 17,886
Other creditors - 1,816
Directors' current accounts 600 5,111
Accruals and deferred income 1,802 1,621
14,450 26,434