NEW CIRCUT ENGINEERING LIMITED

Company Registration Number:
SC096213 (Scotland)

Unaudited abridged accounts for the year ended 27 October 2023

Period of accounts

Start date: 29 October 2022

End date: 27 October 2023

NEW CIRCUT ENGINEERING LIMITED

Contents of the Financial Statements

for the Period Ended 27 October 2023

Balance sheet
Notes

NEW CIRCUT ENGINEERING LIMITED

Balance sheet

As at 27 October 2023


Notes

2023

2022


£

£
Current assets
Stocks: 1,024,458 1,792,295
Debtors:   1,959,222 1,545,943
Cash at bank and in hand: 486,745 321,786
Total current assets: 3,470,425 3,660,024
Creditors: amounts falling due within one year:   (1,548,670) (1,733,108)
Net current assets (liabilities): 1,921,755 1,926,916
Total assets less current liabilities: 1,921,755 1,926,916
Creditors: amounts falling due after more than one year:   (16,616) (26,465)
Total net assets (liabilities): 1,905,139 1,900,451
Capital and reserves
Called up share capital: 4,500 4,500
Profit and loss account: 1,900,639 1,895,951
Shareholders funds: 1,905,139 1,900,451

The notes form part of these financial statements

NEW CIRCUT ENGINEERING LIMITED

Balance sheet statements

For the year ending 27 October 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 02 August 2024
and signed on behalf of the board by:

Name: John Kirkwood
Status: Director

The notes form part of these financial statements

NEW CIRCUT ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 27 October 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 and depreciation policy

Improvement to Property was depreciated on a straight line basis over 10 years to 2021.

Other accounting policies

StocksStocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.Basis of preparing the financial statementsThe financial statements have been prepared under the historical cost convention.The directors recognise the continuing financial uncertainty which still exists in the current economic and political climate. The directors have, as far as possible, addressed these issues and the company continues to trade with the support of the bank and the company creditors. On this basis the accounts are prepared on a going concern basis.

NEW CIRCUT ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 27 October 2023

2. Employees

2023 2022
Average number of employees during the period 0 0