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REGISTERED NUMBER: 07818271 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Newman Textiles Ltd

Newman Textiles Ltd (Registered number: 07818271)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Newman Textiles Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: C P Newman





REGISTERED OFFICE: Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB





REGISTERED NUMBER: 07818271 (England and Wales)





ACCOUNTANTS: Bennett Kirkhope Smith
Chartered Certified Accountants
Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB

Newman Textiles Ltd (Registered number: 07818271)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 66,591 69,618
Investments 5 142,250 142,250
208,841 211,868

CURRENT ASSETS
Debtors 6 545,502 456,401

CREDITORS
Amounts falling due within one year 7 19,970 11,989
NET CURRENT ASSETS 525,532 444,412
TOTAL ASSETS LESS CURRENT
LIABILITIES

734,373

656,280

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 734,273 656,180
SHAREHOLDERS' FUNDS 734,373 656,280

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Newman Textiles Ltd (Registered number: 07818271)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 September 2024 and were signed by:





C P Newman - Director


Newman Textiles Ltd (Registered number: 07818271)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Newman Textiles Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 4% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Newman Textiles Ltd (Registered number: 07818271)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 April 2023
and 31 March 2024 75,672
DEPRECIATION
At 1 April 2023 6,054
Charge for year 3,027
At 31 March 2024 9,081
NET BOOK VALUE
At 31 March 2024 66,591
At 31 March 2023 69,618

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 142,250
NET BOOK VALUE
At 31 March 2024 142,250
At 31 March 2023 142,250

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amount due from subsidiary 523,012 454,444
Directors' current accounts 21,165 -
Prepayments 1,325 1,957
545,502 456,401

Newman Textiles Ltd (Registered number: 07818271)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Corporation tax 19,531 11,361
Directors' current accounts - 199
Accrued expenses 439 429
19,970 11,989

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
C P Newman
Balance outstanding at start of year (200 ) 98,911
Amounts advanced 105,990 40,989
Amounts repaid (84,625 ) (140,100 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 21,165 (200 )

Interest at approved beneficial loan rates has been paid on the loan.

The loan was repaid on 6 April 2024.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C P Newman.