Registered number
07553623
NEWMARC CONSULTING LTD
Filleted Accounts
31 March 2024
NEWMARC CONSULTING LTD
Registered number: 07553623
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2 851
Current assets
Debtors 4 30,720 22,080
Cash at bank and in hand 169,200 139,431
199,920 161,511
Creditors: amounts falling due within one year 5 (51,980) (45,793)
Net current assets 147,940 115,718
Net assets 147,942 116,569
Capital and reserves
Called up share capital 100 100
Profit and loss account 147,842 116,469
Shareholders' funds 147,942 116,569
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Newall
Director
Approved by the board on 11 June 2024
NEWMARC CONSULTING LTD
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment 25% Reducing Balance/33.33% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Computer equipment
£
Cost
At 1 April 2023 6,349
At 31 March 2024 6,349
Depreciation
At 1 April 2023 5,498
Charge for the year 849
At 31 March 2024 6,347
Net book value
At 31 March 2024 2
At 31 March 2023 851
4 Debtors 2024 2023
£ £
Trade debtors 30,720 22,080
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 50,347 44,233
Other creditors 1,633 1,560
51,980 45,793
6 Other information
NEWMARC CONSULTING LTD is a private company limited by shares and incorporated in England. Its registered office is:
Devonshire House
582 Honeypot Lane
Stanmore
Middlesex
HA7 1JS
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