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REGISTERED NUMBER: 13197692 (England and Wales)















Financial Statements for the Year Ended 29th February 2024

for

New School Represents Limited

New School Represents Limited (Registered number: 13197692)






Contents of the Financial Statements
for the Year Ended 29th February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


New School Represents Limited

Company Information
for the Year Ended 29th February 2024







DIRECTOR: Mr S M Ross





REGISTERED OFFICE: Ground Floor
Southway House
29 Southway
Colchester
Essex
CO2 7BA





REGISTERED NUMBER: 13197692 (England and Wales)

New School Represents Limited (Registered number: 13197692)

Balance Sheet
29th February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,938 5,597

CURRENT ASSETS
Debtors 5 54,298 70,992
Cash at bank 1,319,967 881,216
1,374,265 952,208
CREDITORS
Amounts falling due within one year 6 279,838 316,408
NET CURRENT ASSETS 1,094,427 635,800
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,103,365

641,397

PROVISIONS FOR LIABILITIES 2,235 1,063
NET ASSETS 1,101,130 640,334

CAPITAL AND RESERVES
Called up share capital 118 118
Share premium 24,982 24,982
Retained earnings 1,076,030 615,234
1,101,130 640,334

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 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.

New School Represents Limited (Registered number: 13197692)

Balance Sheet - continued
29th February 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 16th October 2024 and were signed by:





Mr S M Ross - Director


New School Represents Limited (Registered number: 13197692)

Notes to the Financial Statements
for the Year Ended 29th February 2024

1. STATUTORY INFORMATION

New School Represents Limited 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.
Office equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

New School Represents Limited (Registered number: 13197692)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1st March 2023 7,160
Additions 5,391
At 29th February 2024 12,551
DEPRECIATION
At 1st March 2023 1,563
Charge for year 2,050
At 29th February 2024 3,613
NET BOOK VALUE
At 29th February 2024 8,938
At 28th February 2023 5,597

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 54,298 70,992

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 200,313 153,687
Other creditors 79,525 162,721
279,838 316,408

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mr S M Ross.