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REGISTERED NUMBER: 09495093 (England and Wales)











GAIA NEWTON ASSOCIATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






GAIA NEWTON ASSOCIATES LIMITED (REGISTERED NUMBER: 09495093)






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

Chartered accountants' report 8

GAIA NEWTON ASSOCIATES LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: J E A Hanson
J A Hanson
Mrs E C K Field
C W Field





REGISTERED OFFICE: Lygon House
50 London Road
Bromley
Kent
BR1 3RA





REGISTERED NUMBER: 09495093 (England and Wales)





ACCOUNTANTS: Berringers LLP
Chartered Accountants
Lygon House
50 London Road
Bromley
Kent
BR1 3RA

GAIA NEWTON ASSOCIATES LIMITED (REGISTERED NUMBER: 09495093)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 37,684 61,484
Tangible assets 5 156,204 200,531
193,888 262,015

CURRENT ASSETS
Debtors 6 833,696 633,600
Cash at bank and in hand 268,193 62,670
1,101,889 696,270
CREDITORS
Amounts falling due within one year 7 779,351 417,654
NET CURRENT ASSETS 322,538 278,616
TOTAL ASSETS LESS CURRENT
LIABILITIES

516,426

540,631

CREDITORS
Amounts falling due after more than one
year

8

(167,552

)

(235,607

)

PROVISIONS FOR LIABILITIES (49,816 ) (49,816 )
NET ASSETS 299,058 255,208

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 298,958 255,108
SHAREHOLDERS' FUNDS 299,058 255,208

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.

GAIA NEWTON ASSOCIATES LIMITED (REGISTERED NUMBER: 09495093)

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 Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:





C W Field - Director


GAIA NEWTON ASSOCIATES LIMITED (REGISTERED NUMBER: 09495093)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Gaia Newton Associates 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 10 years
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer 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.

GAIA NEWTON ASSOCIATES LIMITED (REGISTERED NUMBER: 09495093)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Going concern
The directors believe that the company is a long term project and the figures for the current year agree with their opinion that this new company is expanding and profitable. Their belief in the company is proven by the level of funding they have made to assist with it's growth.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 238,000
AMORTISATION
At 1 April 2023 176,516
Charge for year 23,800
At 31 March 2024 200,316
NET BOOK VALUE
At 31 March 2024 37,684
At 31 March 2023 61,484

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 10,903 7,832 9,292
Additions - - 1,513
At 31 March 2024 10,903 7,832 10,805
DEPRECIATION
At 1 April 2023 2,181 3,860 7,031
Charge for year 1,090 993 755
At 31 March 2024 3,271 4,853 7,786
NET BOOK VALUE
At 31 March 2024 7,632 2,979 3,019
At 31 March 2023 8,722 3,972 2,261

GAIA NEWTON ASSOCIATES LIMITED (REGISTERED NUMBER: 09495093)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 223,301 26,429 277,757
Additions - 4,522 6,035
At 31 March 2024 223,301 30,951 283,792
DEPRECIATION
At 1 April 2023 49,005 15,149 77,226
Charge for year 43,574 3,950 50,362
At 31 March 2024 92,579 19,099 127,588
NET BOOK VALUE
At 31 March 2024 130,722 11,852 156,204
At 31 March 2023 174,296 11,280 200,531

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 833,696 633,600

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,167 9,167
Hire purchase contracts (see note 9) 33,699 33,699
Trade creditors 32,936 2,697
Taxation and social security 263,858 147,585
Other creditors 439,691 224,506
779,351 417,654

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 12,129 22,484
Hire purchase contracts (see note 9) 118,796 152,496
Other creditors 36,627 60,627
167,552 235,607

GAIA NEWTON ASSOCIATES LIMITED (REGISTERED NUMBER: 09495093)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 33,699 33,699
Between one and five years 118,796 152,496
152,495 186,195

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
GAIA NEWTON ASSOCIATES LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Gaia Newton Associates Limited for the year ended 31 March 2024 which comprise the Statement of income and retained earnings, Balance sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Gaia Newton Associates Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Gaia Newton Associates Limited and state those matters that we have agreed to state to the Board of Directors of Gaia Newton Associates Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gaia Newton Associates Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Gaia Newton Associates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Gaia Newton Associates Limited. You consider that Gaia Newton Associates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Gaia Newton Associates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Berringers LLP
Chartered Accountants
Lygon House
50 London Road
Bromley
Kent
BR1 3RA


29 October 2024