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REGISTERED NUMBER: 07027543 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

New Enterprizes Ltd

New Enterprizes Ltd (Registered number: 07027543)






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


New Enterprizes Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs S A Bleming
V Bleming





REGISTERED OFFICE: Suite 6
Alveston House
11 Broad Street
Pershore
Worcestershire
WR10 1BB





REGISTERED NUMBER: 07027543 (England and Wales)






New Enterprizes Ltd (Registered number: 07027543)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 412 288

CURRENT ASSETS
Stocks - 461
Debtors 5 1,346 2,153
Cash at bank and in hand 1,516 2,831
2,862 5,445
CREDITORS
Amounts falling due within one year 6 2,302 5,346
NET CURRENT ASSETS 560 99
TOTAL ASSETS LESS CURRENT
LIABILITIES

972

387

CREDITORS
Amounts falling due after more than one
year

7

2,500

-
NET (LIABILITIES)/ASSETS (1,528 ) 387

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings (1,548 ) 367
SHAREHOLDERS' FUNDS (1,528 ) 387

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 directors acknowledge their 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.

New Enterprizes Ltd (Registered number: 07027543)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:





Mrs S A Bleming - Director


New Enterprizes Ltd (Registered number: 07027543)

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

1. STATUTORY INFORMATION

New Enterprizes 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.
Plant and machinery etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

New Enterprizes Ltd (Registered number: 07027543)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 1,841
Additions 261
At 31 March 2024 2,102
DEPRECIATION
At 1 April 2023 1,553
Charge for year 137
At 31 March 2024 1,690
NET BOOK VALUE
At 31 March 2024 412
At 31 March 2023 288

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 583 1,600
Other debtors 763 553
1,346 2,153

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 400 324
Taxation and social security - 8
Other creditors 1,902 5,014
2,302 5,346

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other creditors 2,500 -

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Directors Long Term Loan 2,500 -