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REGISTERED NUMBER: 02275832 (England and Wales)















FINANCIAL STATEMENTS

FOR THE PERIOD 30 NOVEMBER 2022 TO 30 NOVEMBER 2023

FOR

NEWBURN POWER RENTAL LIMITED

NEWBURN POWER RENTAL LIMITED (REGISTERED NUMBER: 02275832)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 30 NOVEMBER 2022 TO 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NEWBURN POWER RENTAL LIMITED

COMPANY INFORMATION
FOR THE PERIOD 30 NOVEMBER 2022 TO 30 NOVEMBER 2023







DIRECTORS: Carole Elizabeth Bright
Mark Grahame Henstock





REGISTERED OFFICE: Unit 36, Lidgate Crescent
Langthwaite Business Park
South Kirkby
Pontefract
West Yorkshire
WF9 3NR





REGISTERED NUMBER: 02275832 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
First Floor, Unit 12
Pennine Business Park
Longbow Close, Bradley
Huddersfield
West Yorkshire
HD2 1GQ

NEWBURN POWER RENTAL LIMITED (REGISTERED NUMBER: 02275832)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,121,846 1,226,215
1,121,846 1,226,215

CURRENT ASSETS
Stocks 6,958 -
Debtors 6 1,024,994 1,091,629
Cash at bank 1,061,002 1,076,956
2,092,954 2,168,585
CREDITORS
Amounts falling due within one year 7 782,164 834,778
NET CURRENT ASSETS 1,310,790 1,333,807
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,432,636

2,560,022

CREDITORS
Amounts falling due after more than
one year

8

129,578

284,008
NET ASSETS 2,303,058 2,276,014

CAPITAL AND RESERVES
Called up share capital 2 2
Profit and loss account 2,303,056 2,276,012
2,303,058 2,276,014

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 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.

NEWBURN POWER RENTAL LIMITED (REGISTERED NUMBER: 02275832)

BALANCE SHEET - continued
30 NOVEMBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:





Carole Elizabeth Bright - Director


NEWBURN POWER RENTAL LIMITED (REGISTERED NUMBER: 02275832)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 30 NOVEMBER 2022 TO 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Newburn Power Rental Limited 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.

GOODWILL
Goodwill has been amortised evenly over its estimated useful life of 10 years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intellectual property are being amortised evenly over their estimated useful life of ten years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Over the term of the lease
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


NEWBURN POWER RENTAL LIMITED (REGISTERED NUMBER: 02275832)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 NOVEMBER 2022 TO 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued
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 period 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.

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.

INCOME RECOGNITION
Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the leases. The benefits of lease incentives are recognised in the profit and loss account over the shorter of the lease period and the period to the next rent review at which the rent is expected to be reset to market rates.

FINANCE COST OF DEBT
The finance costs of debt, including interest and issue costs, are allocated to each period over the term of the debt and charged to the profit and loss account at a constant rate on the outstanding amount.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 23 (2022 - 23 ) .

4. INTANGIBLE FIXED ASSETS
Intellectual
Goodwill property Totals
£    £    £   
COST
At 30 November 2022
and 30 November 2023 94,040 45,170 139,210
AMORTISATION
At 30 November 2022
and 30 November 2023 94,040 45,170 139,210
NET BOOK VALUE
At 30 November 2023 - - -
At 29 November 2022 - - -

NEWBURN POWER RENTAL LIMITED (REGISTERED NUMBER: 02275832)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 NOVEMBER 2022 TO 30 NOVEMBER 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 30 November 2022 82,987 2,015,140 9,819 792,299 2,900,245
Additions - 70,500 - 19,792 90,292
Disposals - - - (31,770 ) (31,770 )
At 30 November 2023 82,987 2,085,640 9,819 780,321 2,958,767
DEPRECIATION
At 30 November 2022 82,987 1,181,694 8,072 401,277 1,674,030
Charge for period - 90,395 437 102,328 193,160
Eliminated on disposal - - - (30,269 ) (30,269 )
At 30 November 2023 82,987 1,272,089 8,509 473,336 1,836,921
NET BOOK VALUE
At 30 November 2023 - 813,551 1,310 306,985 1,121,846
At 29 November 2022 - 833,446 1,747 391,022 1,226,215

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 494,707 611,863
Amounts owed by group company 250,000 250,000
Amounts owed by related party 174,460 141,260
Other debtors 105,827 88,506
1,024,994 1,091,629

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Invoice financing 10,875 1,958
Hire purchase contracts (see note 9) 153,996 155,501
Trade creditors 347,820 157,810
Taxation and social security 170,102 210,131
Other creditors 99,371 309,378
782,164 834,778

The obligations under invoice financing are secured by a charge on the company's assets.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 129,578 284,008

NEWBURN POWER RENTAL LIMITED (REGISTERED NUMBER: 02275832)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 NOVEMBER 2022 TO 30 NOVEMBER 2023

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Gross obligations repayable:
Within one year 171,450 185,520
Between one and five years 136,489 308,372
307,939 493,892

Finance charges repayable:
Within one year 17,454 30,019
Between one and five years 6,911 24,364
24,365 54,383

Net obligations repayable:
Within one year 153,996 155,501
Between one and five years 129,578 284,008
283,574 439,509

At 30 November 2023, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £5,987 (2022 - £89,589).

The obligations under finance leases and hire purchase contracts are secured by a charge on the assets purchased under these agreements.

10. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the pension scheme are held separately from those of the company in an independently administered fund. The pension cost represents contributions payable by the company to the fund and amounted to £49,476 (2022: £47,338). Contributions totalling £1,116 (2022: £1,936) were payable to the fund at the year end and are included in creditors.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Bristock Limited, a company incorporated in England and Wales.