Registered number
04625542
Newbush Limited
Filleted Accounts
31 December 2023
Newbush Limited
Registered number: 04625542
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 15,845 21,118
Current assets
Stocks 321 357
Debtors 4 7,767 7,644
Cash at bank and in hand 4,304 3,483
12,392 11,484
Creditors: amounts falling due within one year 5 (29,987) (27,811)
Net current liabilities (17,595) (16,327)
Total assets less current liabilities (1,750) 4,791
Creditors: amounts falling due after more than one year 6 (8,882) (10,898)
Net liabilities (10,632) (6,107)
Capital and reserves
Called up share capital 100 100
Profit and loss account (10,732) (6,207)
Shareholders' funds (10,632) (6,107)
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 her 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.
S.A. Bushell
Director
Approved by the board on 5 September 2024
Newbush Limited
Notes to the Accounts
for the year ended 31 December 2023
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 represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. A change of policy has been implemented to amortise the asset over ten years on a straight line basis.
Furniture and equipment 25% on reducing balance
Motor vehicles 25% on reducing balance
Stocks
Stock is valued at the lower of cost and net realisable value.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substanially all of the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayment outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 11 10
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 12,703 57,181 69,884
Disposals - (2,303) (2,303)
At 31 December 2023 12,703 54,878 67,581
Depreciation
At 1 January 2023 11,390 37,376 48,766
Charge for the year 329 4,871 5,200
On disposals - (2,230) (2,230)
At 31 December 2023 11,719 40,017 51,736
Net book value
At 31 December 2023 984 14,861 15,845
At 31 December 2022 1,313 19,805 21,118
4 Debtors 2023 2022
£ £
Trade debtors 7,667 7,544
Other debtors 100 100
7,767 7,644
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 2,016 2,016
Corporation tax 1 1
Other taxes and social security costs 5,148 7,647
Other creditors 22,822 18,147
29,987 27,811
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 8,882 10,898
7 Related party transactions
S.A. Bushell, the director, has made an interest free loan to the company.
8 Controlling party
The controlling party is S.A. Bushell, director, by virtue of her controlling interest in the share capital of the company.
9 Other information
Newbush Limited is a private company limited by shares and incorporated in England. Its registered office is:
9 Bonnar Road
High Street
Selsey
West Sussex
PO20 9AT
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