BrightAccountsProduction v1.0.0 v1.0.0 2023-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the retail of E-cigarettes and liquid vapour for E-cigarettes. 29 July 2024 5 5 NI618212 2024-03-31 NI618212 2023-03-31 NI618212 2022-03-31 NI618212 2023-04-01 2024-03-31 NI618212 2022-04-01 2023-03-31 NI618212 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 NI618212 uk-curr:PoundSterling 2023-04-01 2024-03-31 NI618212 uk-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 NI618212 uk-bus:FullAccounts 2023-04-01 2024-03-31 NI618212 uk-bus:Director1 2023-04-01 2024-03-31 NI618212 uk-bus:Director2 2023-04-01 2024-03-31 NI618212 uk-bus:RegisteredOffice 2023-04-01 2024-03-31 NI618212 uk-bus:Agent1 2023-04-01 2024-03-31 NI618212 uk-core:ShareCapital 2024-03-31 NI618212 uk-core:ShareCapital 2023-03-31 NI618212 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 NI618212 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 NI618212 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-03-31 NI618212 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-03-31 NI618212 uk-bus:FRS102 2023-04-01 2024-03-31 NI618212 uk-core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 NI618212 uk-core:CostValuation 2024-03-31 NI618212 uk-core:CurrentFinancialInstruments 2024-03-31 NI618212 uk-core:CurrentFinancialInstruments 2023-03-31 NI618212 uk-core:WithinOneYear 2024-03-31 NI618212 uk-core:WithinOneYear 2023-03-31 NI618212 2023-04-01 2024-03-31 NI618212 uk-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI618212
 
 
New Creation Distributors Ltd
 
Unaudited Financial Statements
 
for the financial year ended 31 March 2024
New Creation Distributors Ltd
DIRECTORS AND OTHER INFORMATION

 
Directors Walter Glass
Valerie Glass
 
 
Company Registration Number NI618212
 
 
Registered Office 94 Banbridge Road
Lurgan
Co. Armagh
BT66 7HQ
Northern Ireland
 
 
Business Address 94 Banbridge Road
Lurgan
Co. Tyrone
BT66 7HQ
United Kingdom
 
 
Accountants MG accountants
(Portadown)
25-27 Carleton Street
Portadown
BT62 3EP
United Kingdom
 
 
Bankers Danske Bank
  PO Box 183
  Donegall Square West
  Belfast
  Co. Antrim
  BT1 6JS
  United Kingdom
 
   
Solicitors R M Cullen & Sons
  Edward Street
  Portadown
  Co Armagh
  BT62 3NA



New Creation Distributors Ltd
Company Registration Number: NI618212
BALANCE SHEET
as at 31 March 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 4 3,038 3,798
Investments 5 30,000 30,000
───────── ─────────
Fixed Assets 33,038 33,798
───────── ─────────
 
Current Assets
Stocks 6 26,723 34,562
Debtors 7 - 500
Cash and cash equivalents 105,408 80,858
───────── ─────────
132,131 115,920
───────── ─────────
Creditors: amounts falling due within one year 8 (62,706) (50,494)
───────── ─────────
Net Current Assets 69,425 65,426
───────── ─────────
Total Assets less Current Liabilities 102,463 99,224
═════════ ═════════
 
Capital and Reserves
Called up share capital 200 200
Retained earnings 102,263 99,024
───────── ─────────
Equity attributable to owners of the company 102,463 99,224
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.
           
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 29 July 2024 and signed on its behalf by
           
           
           
________________________________          
Walter Glass          
Director          
           



New Creation Distributors Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2024

   
1. General Information
 
New Creation Distributors Ltd is a company limited by shares incorporated in Northern Ireland. The registered office of the company is 94 Banbridge Road, Lurgan, Co. Armagh, BT66 7HQ, Northern Ireland. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 March 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year. Revenue is recognised at point of transfer of goods to the customer.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 20% Reducing Balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Investments
Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the Profit and Loss Account in the year in which it is receivable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 5, (2023 - 5).
 
  2024 2023
  Number Number
 
Employees 5 5
  ═════════ ═════════
       
4. Tangible assets
  Fixtures, Total
  fittings and  
  equipment  
  £ £
Cost
At 1 April 2023 13,198 13,198
  ───────── ─────────
 
At 31 March 2024 13,198 13,198
  ───────── ─────────
Depreciation
At 1 April 2023 9,400 9,400
Charge for the financial year 760 760
  ───────── ─────────
At 31 March 2024 10,160 10,160
  ───────── ─────────
Net book value
At 31 March 2024 3,038 3,038
  ═════════ ═════════
At 31 March 2023 3,798 3,798
  ═════════ ═════════
       
5. Investments
  Other Total
  investments  
     
Investments £ £
Cost
 
At 31 March 2024 30,000 30,000
  ───────── ─────────
Net book value
At 31 March 2024 30,000 30,000
  ═════════ ═════════
At 31 March 2023 30,000 30,000
  ═════════ ═════════
       
6. Stocks 2024 2023
  £ £
 
Finished goods and goods for resale 26,723 34,562
  ═════════ ═════════
       
7. Debtors 2024 2023
  £ £
 
Other debtors - 500
  ═════════ ═════════
       
8. Creditors 2024 2023
Amounts falling due within one year £ £
 
Trade creditors 9,425 2,493
Taxation  (Note 9) 19,248 12,547
Directors' current accounts 30,703 32,124
Accruals 3,330 3,330
  ───────── ─────────
  62,706 50,494
  ═════════ ═════════
       
9. Taxation 2024 2023
  £ £
 
Creditors:
VAT 8,234 4,383
Corporation tax 9,987 6,512
PAYE / NI 1,027 1,652
  ───────── ─────────
  19,248 12,547
  ═════════ ═════════