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REGISTERED NUMBER: 07426924 (England and Wales)












Unaudited Financial Statements for the Year Ended 31 March 2024

for

Newbond Trading Limited

Newbond Trading Limited (Registered number: 07426924)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Newbond Trading Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr W Apps





REGISTERED OFFICE: 11-14 Circus Parade
Brighton
East Sussex
BN1 4GW





REGISTERED NUMBER: 07426924 (England and Wales)





ACCOUNTANTS: Price Green & Co
Lynnem House
1 Victoria Way
Burgess Hill
West Sussex
RH15 9NF

Newbond Trading Limited (Registered number: 07426924)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,100 12,150
Tangible assets 5 519 692
8,619 12,842

CURRENT ASSETS
Stocks 161,684 142,650
Debtors 6 796 743
Cash at bank and in hand 10,588 3,147
173,068 146,540
CREDITORS
Amounts falling due within one year 7 60,571 66,020
NET CURRENT ASSETS 112,497 80,520
TOTAL ASSETS LESS CURRENT
LIABILITIES

121,116

93,362

CREDITORS
Amounts falling due after more than one
year

8

(14,645

)

(14,645

)

PROVISIONS FOR LIABILITIES (130 ) (132 )
NET ASSETS 106,341 78,585

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 106,335 78,579
SHAREHOLDERS' FUNDS 106,341 78,585

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Newbond Trading Limited (Registered number: 07426924)

Balance Sheet - continued
31 March 2024


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 director and authorised for issue on 29 July 2024 and were signed by:





Mr W Apps - Director


Newbond Trading Limited (Registered number: 07426924)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Newbond Trading 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, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty 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.

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 - 50% on cost
Fixtures and fittings - 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 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.

Newbond Trading Limited (Registered number: 07426924)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 54,000
AMORTISATION
At 1 April 2023 41,850
Amortisation for year 4,050
At 31 March 2024 45,900
NET BOOK VALUE
At 31 March 2024 8,100
At 31 March 2023 12,150

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 8,796 5,403 14,199
DEPRECIATION
At 1 April 2023 8,796 4,711 13,507
Charge for year - 173 173
At 31 March 2024 8,796 4,884 13,680
NET BOOK VALUE
At 31 March 2024 - 519 519
At 31 March 2023 - 692 692

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 573
Other debtors 796 170
796 743

Newbond Trading Limited (Registered number: 07426924)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 22,753 34,744
Taxation and social security 23,504 17,253
Other creditors 14,314 14,023
60,571 66,020

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other creditors 14,645 14,645

9. RELATED PARTY DISCLOSURES

The company has been controlled throughout the current and previous years by the director.

Included in other creditors is £10,975 (2023 - £10,380) owed to the director Mr W Apps.

The director will continue to support the company throughout the coming year.

Personal guarantees were given by the director for a bank overdraft up to £35,000 (2023 - £35,000).

During the year, total dividends of £30,000 (2023 - £15,000) were paid to the director.