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REGISTERED NUMBER: 06681748 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Newlook PVC Ltd

Newlook PVC Ltd (Registered number: 06681748)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Newlook PVC Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTORS: R C Sutcliffe
V L Sutcliffe





REGISTERED OFFICE: Units 31 & 32 Royds Enterprise Park
Future Fields
Bradford
West Yorkshire
BD6 3EW





REGISTERED NUMBER: 06681748 (England and Wales)






Newlook PVC Ltd (Registered number: 06681748)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,586 8,503

CURRENT ASSETS
Stocks 171,074 181,983
Debtors 5 195,826 197,072
Cash at bank and in hand 72,211 80,020
439,111 459,075
CREDITORS
Amounts falling due within one year 6 291,759 222,116
NET CURRENT ASSETS 147,352 236,959
TOTAL ASSETS LESS CURRENT
LIABILITIES

153,938

245,462

CREDITORS
Amounts falling due after more than one year 7 (72,077 ) (95,017 )

PROVISIONS FOR LIABILITIES (1,251 ) (1,616 )
NET ASSETS 80,610 148,829

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 80,510 148,729
SHAREHOLDERS' FUNDS 80,610 148,829

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

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

The directors acknowledge their 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.

Newlook PVC Ltd (Registered number: 06681748)

Balance Sheet - continued
31 August 2023


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 Board of Directors and authorised for issue on 21 June 2024 and were signed on its behalf by:




V L Sutcliffe - Director



R C Sutcliffe - Director


Newlook PVC Ltd (Registered number: 06681748)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Newlook PVC Ltd 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.
Plant and machinery - 25% reducing balance
Fixtures and fittings - 25% reducing balance
Computer equipment - 33% straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Newlook PVC Ltd (Registered number: 06681748)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2022
and 31 August 2023 1,260 8,042 8,958 3,116 21,376
DEPRECIATION
At 1 September 2022 1,229 6,246 3,225 2,173 12,873
Charge for year 9 450 1,146 312 1,917
At 31 August 2023 1,238 6,696 4,371 2,485 14,790
NET BOOK VALUE
At 31 August 2023 22 1,346 4,587 631 6,586
At 31 August 2022 31 1,796 5,733 943 8,503

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 167,593 169,192
Other debtors 3,706 3,703
New Look Trade Frames Loan 21,377 21,377
Prepayments 3,150 2,800
195,826 197,072

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 46,724 22,940
Trade creditors 144,484 130,155
Tax 36,048 37,822
Social security and other taxes 9,510 8,554
VAT 41,384 8,966
Other creditors 618 1,321
Directors' loan accounts 4,111 3,535
Accrued expenses 8,880 8,823
291,759 222,116

Newlook PVC Ltd (Registered number: 06681748)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 24,993 24,993
Bank loans - 2-5 years 47,084 70,024
72,077 95,017

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 118,801 117,957

The bank borrowings are secured by a personal guarantee from the directors.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2023 and 31 August 2022:

2023 2022
£    £   
R C Sutcliffe and V L Sutcliffe
Balance outstanding at start of year (3,535 ) 12,082
Amounts repaid - (15,617 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,535 ) (3,535 )

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R C Sutcliffe.