07669766falseFlag & Banner Makers2023-01-012023-12-31http://www.companieshouse.gov.uk/2022-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-12-31http://www.companieshouse.gov.uk/cd:Director12023-01-012023-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-12-31http://www.companieshouse.gov.uk/cd:Director22023-01-012023-12-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2022-12-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-01-012023-12-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-01-012023-12-31http://www.companieshouse.gov.uk/pt:NetGoodwill2022-12-31http://www.companieshouse.gov.uk/pt:NetGoodwill2023-12-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-01-012023-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-12-31http://www.companieshouse.gov.uk/pt:NetGoodwill2023-01-012023-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-12-31http://www.companieshouse.gov.uk/2023-01-012023-12-31http://www.companieshouse.gov.uk/2022-12-31http://www.companieshouse.gov.uk/cd:FRS1022023-01-012023-12-31http://www.companieshouse.gov.uk/2023-12-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-01-012023-12-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-01-012023-12-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 07669766

Newton Newton Flag & Banner Makers Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023

Prepared By:
Greenhalgh Johnson Ltd
Accountants and Tax Advisers
22 High Street
Burgh le Marsh
Skegness
Lincolnshire
PE24 5JT

Newton Newton Flag & Banner Makers Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
DIRECTORS
Selina Claire Newton
Tracy Elaine Turner
REGISTERED OFFICE
The Bishop Tozer's Chapel
Middlemarsh Road, Burgh le Marsh
Skegness
Lincolnshire
PE24 5AD
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07669766
ACCOUNTANTS
Greenhalgh Johnson Ltd
Accountants and Tax Advisers
22 High Street
Burgh le Marsh
Skegness
Lincolnshire
PE24 5JT

Newton Newton Flag & Banner Makers Ltd

ACCOUNTS
FOR THEYEARENDED31/12/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Newton Newton Flag & Banner Makers Ltd

BALANCE SHEET AT 31/12/2023
20232022
Notes££
FIXED ASSETS
Intangible assets214,00021,000
Tangible assets39,5117,366
23,51128,366
CURRENT ASSETS
Stock1,6641,513
Debtors515,55813,722
Cash at bank and in hand27,15312,208
44,37527,443
CREDITORS: Amounts falling due within one year633,55130,533
NET CURRENT ASSETS / (LIABILITIES)10,824(3,090)
TOTAL ASSETS LESS CURRENT LIABILITIES34,33525,276
CREDITORS: Amounts falling due after more than one year78,59012,488
PROVISIONS FOR LIABILITIES AND CHARGES91,8071,400
NET ASSETS23,93811,388
CAPITAL AND RESERVES
Called up share capital10100100
Profit and loss account23,83811,288
SHAREHOLDERS' FUNDS23,93811,388
For the year ending 31/12/2023 the company was entitled to exemption 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 directors acknowledge their 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 23/07/2024 and signed on their behalf by
.............................
Selina Claire Newton
Director

Newton Newton Flag & Banner Makers Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittings 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Goodwill
Goodwill arising in connection with the acquisition of a business has been capitalised and is being amortised over its estimated economic life of 10 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
1f. Government Grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating relating to an asset is deferred, it is recognised as deferred income.

Newton Newton Flag & Banner Makers Ltd

2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/01/202370,00070,000
At 31/12/202370,00070,000
Depreciation
At 01/01/202349,00049,000
For the year7,0007,000
At 31/12/202356,00056,000
Net Book Amounts
At 31/12/202314,00014,000
At 31/12/202221,00021,000
3. TANGIBLE FIXED ASSETS
Fixtures
and FittingsTotal
££
Cost
At 01/01/202328,77528,775
Additions5,8785,878
Disposals(1,902)(1,902)
At 31/12/202332,75132,751
Depreciation
At 01/01/202321,40921,409
Disposals(1,769)(1,769)
For the year3,6003,600
At 31/12/202323,24023,240
Net Book Amounts
At 31/12/20239,5119,511
At 31/12/20227,3667,366
4. STOCK 20232022
££
Stock comprises:
Stock1,6641,513
1,6641,513

Newton Newton Flag & Banner Makers Ltd

5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors15,29912,911
Prepayments259811
15,55813,722
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax11,5756,372
VAT9,7268,661
PAYE control255208
Pension control-46
Directors current account Newton3,4042,356
Directors current account Turner1,482433
BB Loan2,8151,733
Trade creditors1,9348,407
Accruals2,3602,317
33,55130,533
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
BB Loan >1yr8,59012,488
8,59012,488
8. EMPLOYEES
20232022
No.No.
Average number of employees55

Newton Newton Flag & Banner Makers Ltd

9. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation1,8071,400
1,8071,400
10. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1.00 each100100
100100