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COMPANY REGISTRATION NUMBER: 11343127
New Phones Limited
Filleted Unaudited Financial Statements
For the year ended
31 May 2024
New Phones Limited
Financial Statements
Year ended 31 May 2024
Contents
Page
Accountant's report to the board of directors on the preparation of the unaudited statutory financial statements
1
Statement of financial position
2
Notes to the financial statements
3
New Phones Limited
Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements
Year ended 31 May 2024
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 May 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
CLAY SHAW THOMAS LTD
2 Oldfield Road Bocam Park Bridgend CF35 5LJ
17 September 2024
New Phones Limited
Statement of Financial Position
31 May 2024
2024
2023
Note
£
£
£
Current assets
Debtors
4
1
1
Cash at bank and in hand
40
144
----
----
41
145
Creditors: amounts falling due within one year
5
1,055
1,055
-------
-------
Net current liabilities
1,014
910
-------
----
Total assets less current liabilities
( 1,014)
( 910)
-------
----
Net liabilities
( 1,014)
( 910)
-------
----
Capital and reserves
Called up share capital
1
1
Profit and loss account
( 1,015)
( 911)
-------
----
Shareholders deficit
( 1,014)
( 910)
-------
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 17 September 2024 , and are signed on behalf of the board by:
Mr W E Sinclair
Director
Company registration number: 11343127
New Phones Limited
Notes to the Financial Statements
Year ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 8a Dunraven Place, Bridgend, CF31 1JD, Wales.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company has negative assets of £1,014. However, the director is of the opinion that the company will trade out of this position and become profitable in the future.
4. Debtors
2024
2023
£
£
Other debtors
1
1
----
----
5. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
1,055
1,055
-------
-------
6. Related party transactions
During the year the company recharged £14,024 (2023 : £10,798) for costs incurred to STS Commercial Limited. At the year end £nil was due from STS Commercial Limited. During the year the company was charged rent of £7,200 (2023 : £5,400) by United Commercial Investments Limited. At the year end £nil was owed to United Commercial Investments Limited. The company is related due to common ownership and directorship.