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Registered number: 02594299

John Newman Bodyworks Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023

Prepared By:
Anstee Gorst
Unit 4 Eaton Court
Colmworth Business Park
Eaton Socon
Cambridgeshire
PE19 8ER

John Newman Bodyworks Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
DIRECTORS
John Newman
Kathryn Newman
Michael Allen
Gareth Newman
SECRETARY
Kathryn Newman
REGISTERED OFFICE
8 Mill Hill
Potton Road
Gamlingay Sandy
Beds
SG19 3LW
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 02594299
ACCOUNTANTS
Anstee Gorst
Unit 4 Eaton Court
Colmworth Business Park
Eaton Socon
Cambridgeshire
PE19 8ER

John Newman Bodyworks Ltd

ACCOUNTS
FOR THEYEARENDED31/12/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

John Newman Bodyworks Ltd

BALANCE SHEET AT 31/12/2023
20232022
Notes££
FIXED ASSETS
Tangible assets2910,410754,421
CURRENT ASSETS
Stock161,400229,400
Debtors4353,800488,142
Cash at bank and in hand815,047574,988
1,330,2471,292,530
CREDITORS: Amounts falling due within one year5380,068419,669
NET CURRENT ASSETS950,179872,861
TOTAL ASSETS LESS CURRENT LIABILITIES1,860,5891,627,282
PROVISIONS FOR LIABILITIES AND CHARGES739,16416,657
NET ASSETS1,821,4251,610,625
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account1,821,3251,610,525
SHAREHOLDERS' FUNDS1,821,4251,610,625
For the year ending 31/12/2023 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 16/09/2024 and signed on their behalf by
.............................
John Newman
Director

John Newman Bodyworks Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Short Leasehold Propertiesreducing balance over period of lease%
Plant and Machineryreducing balance 20%
Equipmentreducing balance 20%
Motor Carsreducing balance 25%
1c. Investment Properties
Investment properties are included in the financial statements at fair value. Gains are recognised in the profit and loss account. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.
1d. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1e. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1f.

John Newman Bodyworks Ltd

2. TANGIBLE FIXED ASSETS
InvestmentShort LeaseholdPlant and
PropertiesPropertiesMachineryEquipmentMotor CarsTotal
££££££
Cost
At 01/01/2023300,000459,180505,511111,088600,4961,976,275
Additions23,97742,889185,2443,06435,094290,268
Disposals----(59,229)(59,229)
Revaluation(23,977)----(23,977)
At 31/12/2023300,000502,069690,755114,152576,3612,183,337
Depreciation
At 01/01/2023-286,675396,40292,715446,0621,221,854
Disposals----(50,049)(50,049)
For the year-10,77549,0954,22237,030101,122
At 31/12/2023-297,450445,49796,937433,0431,272,927
Net Book Amounts
At 31/12/2023300,000204,619245,25817,215143,318910,410
At 31/12/2022300,000172,505109,10918,373154,434754,421
3. STOCK 20232022
££
Stock comprises:
Stocks and work in progress161,400229,400
161,400229,400
4. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors348,201467,972
Salaries and wages control333333
Other debtors70014,421
Prepayments4,5665,416
353,800488,142

John Newman Bodyworks Ltd

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax34,36381,094
VAT84,72364,332
PAYE control34,42030,984
Directors current account-3,785
Hire purchase - < 1 year-3,067
Trade creditors159,401184,094
Other creditors33,00938,250
Pension schemes3,2523,407
Accruals30,90010,656
380,068419,669
6. EMPLOYEES
20232022
No.No.
Average number of employees3230
7. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation39,16416,657
39,16416,657
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100

John Newman Bodyworks Ltd

9. CONTROLLING PARTY
During the year the company was controlled by John Newman a Director of the company
10. COMMITMENTS
Total future minimum lease payments under non-cancellable operating leases
The company's lease on the property has now moved to a rolling one month lease
Expiring not later than one yearPlant and Equipment £4,173