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Company Registration No. 08338929 (England and Wales)
New Enterprise Retail Ltd Unaudited accounts for the year ended 31 March 2024
New Enterprise Retail Ltd Unaudited accounts Contents
Page
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New Enterprise Retail Ltd Company Information for the year ended 31 March 2024
Director
DAVID WINSTON PLAYER
Company Number
08338929 (England and Wales)
Registered Office
22 Regent st Kingswood Bristol BS15 8JN
Accountants
Pearson Associates Ltd 2 West View Mangotsfeild Bristol BS16 9DU
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New Enterprise Retail Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,852 
5,434 
Current assets
Inventories
63,468 
52,784 
Debtors
20,032 
12,319 
Cash at bank and in hand
29,092 
37,143 
112,592 
102,246 
Creditors: amounts falling due within one year
(92,198)
(88,825)
Net current assets
20,394 
13,421 
Total assets less current liabilities
25,246 
18,855 
Creditors: amounts falling due after more than one year
(35,344)
(35,479)
Provisions for liabilities
Deferred tax
(997)
(1,033)
Net liabilities
(11,095)
(17,657)
Capital and reserves
Called up share capital
14,741 
14,741 
Profit and loss account
(25,836)
(32,398)
Shareholders' funds
(11,095)
(17,657)
For the year ending 31 March 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 July 2024 and were signed on its behalf by
DAVID WINSTON PLAYER Director Company Registration No. 08338929
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New Enterprise Retail Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
New Enterprise Retail Ltd is a private company, limited by shares, registered in England and Wales, registration number 08338929. The registered office is 22 Regent st Kingswood, Bristol, BS15 8JN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
1,119 
5,120 
6,017 
12,256 
Additions
- 
- 
808 
808 
Disposals
- 
(554)
- 
(554)
At 31 March 2024
1,119 
4,566 
6,825 
12,510 
Depreciation
At 1 April 2023
1,073 
3,376 
2,373 
6,822 
Charge for the year
23 
467 
660 
1,150 
On disposals
- 
(314)
- 
(314)
At 31 March 2024
1,096 
3,529 
3,033 
7,658 
Net book value
At 31 March 2024
23 
1,037 
3,792 
4,852 
At 31 March 2023
46 
1,744 
3,644 
5,434 
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New Enterprise Retail Ltd Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
14,064 
11,101 
Accrued income and prepayments
2,620 
- 
Other debtors
1,995 
1,218 
18,679 
12,319 
Amounts falling due after more than one year
Trade debtors
1,353 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
2,550 
Trade creditors
30,354 
17,215 
Taxes and social security
2,250 
- 
Other creditors
(150)
- 
Loans from directors
59,744 
69,060 
92,198 
88,825 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
30,344 
35,479 
Other creditors
5,000 
- 
35,344 
35,479 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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