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Company Registration No. 13148567 (England and Wales)
Newton Heating Ltd Unaudited accounts for the year ended 31 January 2024
Newton Heating Ltd Unaudited accounts Contents
Page
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Newton Heating Ltd Company Information for the year ended 31 January 2024
Director
Adam James Newton
Company Number
13148567 (England and Wales)
Registered Office
337 Lancaster Road Morecambe Lancashire LA4 6RH
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Newton Heating Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,962 
11,202 
Current assets
Inventories
1,000 
1,000 
Debtors
1,990 
6,199 
Cash at bank and in hand
434 
997 
3,424 
8,196 
Creditors: amounts falling due within one year
(11,446)
(17,433)
Net current liabilities
(8,022)
(9,237)
Total assets less current liabilities
940 
1,965 
Provisions for liabilities
Deferred tax
(1,703)
(2,129)
Net liabilities
(763)
(164)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(764)
(165)
Shareholders' funds
(763)
(164)
For the year ending 31 January 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 October 2024 and were signed on its behalf by
Adam James Newton Director Company Registration No. 13148567
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Newton Heating Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Newton Heating Ltd is a private company, limited by shares, registered in England and Wales, registration number 13148567. The registered office is 337 Lancaster Road, Morecambe, Lancashire, LA4 6RH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Reducing Balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Newton Heating Ltd Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
2,204 
15,300 
17,504 
At 31 January 2024
2,204 
15,300 
17,504 
Depreciation
At 1 February 2023
794 
5,508 
6,302 
Charge for the year
282 
1,958 
2,240 
At 31 January 2024
1,076 
7,466 
8,542 
Net book value
At 31 January 2024
1,128 
7,834 
8,962 
At 31 January 2023
1,410 
9,792 
11,202 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,990 
6,199 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
2,308 
2,972 
Taxes and social security
1,458 
2,971 
Loans from directors
5,490 
10,440 
Accruals
2,190 
1,050 
11,446 
17,433 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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