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Registered number: 09415240
Newcroft Homes Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Grant and Co (Accountants) Ltd
Units 4 & 5 Rockfield Business Park
Old Station Drive, Leckhampton
Cheltenham
Gloucestershire
GL53 0AN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09415240
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,077 2,102
1,077 2,102
CURRENT ASSETS
Stocks 5 432,026 261,290
Debtors 6 12,493 23,960
Cash at bank and in hand 268 2,099
444,787 287,349
Creditors: Amounts Falling Due Within One Year 7 (285,696 ) (119,708 )
NET CURRENT ASSETS (LIABILITIES) 159,091 167,641
TOTAL ASSETS LESS CURRENT LIABILITIES 160,168 169,743
NET ASSETS 160,168 169,743
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 160,068 169,643
SHAREHOLDERS' FUNDS 160,168 169,743
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr R G Ranford
Director
17/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Newcroft Homes Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09415240 . The registered office is 7 Bath Mews, Bath Parade, Cheltenham, Gloucestershire, GL53 7HL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% straight line
Computer Equipment 25% straight line
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 February 2023 400 3,700 4,100
As at 31 January 2024 400 3,700 4,100
Depreciation
As at 1 February 2023 100 1,898 1,998
Provided during the period 100 925 1,025
As at 31 January 2024 200 2,823 3,023
Net Book Value
As at 31 January 2024 200 877 1,077
As at 1 February 2023 300 1,802 2,102
5. Stocks
2024 2023
£ £
Work in progress 432,026 261,290
Page 3
Page 4
6. Debtors
2024 2023
£ £
Due within one year
Amounts owed by participating interests 12,000 12,000
Other debtors 493 11,960
12,493 23,960
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 5,760
Amounts owed to participating interests 89,549 76,149
Other creditors 196,147 36,041
Taxation and social security - 1,758
285,696 119,708
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4