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REGISTERED NUMBER: 03030665













NEW DEC LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






NEW DEC LIMITED (REGISTERED NUMBER: 03030665)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


NEW DEC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr K Ward





REGISTERED OFFICE: Unit 1
Grange Street
Wakefield
West Yorkshire
WF2 8TF





REGISTERED NUMBER: 03030665





ACCOUNTANTS: Harrison & Co
Chartered Accountants
531 Denby Dale Road West
Calder Grove
Wakefield
West Yorkshire
WF4 3ND

NEW DEC LIMITED (REGISTERED NUMBER: 03030665)

ABRIDGED BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 246,718 336,084

CURRENT ASSETS
Stocks 215,337 304,614
Debtors 111,173 147,863
326,510 452,477
CREDITORS
Amounts falling due within one year 263,005 426,980
NET CURRENT ASSETS 63,505 25,497
TOTAL ASSETS LESS CURRENT
LIABILITIES

310,223

361,581

CREDITORS
Amounts falling due after more than one
year

(22,699

)

(80,357

)

PROVISIONS FOR LIABILITIES (18,176 ) (22,469 )
NET ASSETS 269,348 258,755

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 268,348 257,755
269,348 258,755

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.

NEW DEC LIMITED (REGISTERED NUMBER: 03030665)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 13 November 2024 and were signed by:





Mr K Ward - Director


NEW DEC LIMITED (REGISTERED NUMBER: 03030665)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

New Dec Limited is a private company, limited by shares , registered in Not specified/Other. 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 - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.

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.

NEW DEC LIMITED (REGISTERED NUMBER: 03030665)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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 9 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 April 2023 24,432 12,480 500
Additions - 5,129 -
Disposals - - -
At 31 March 2024 24,432 17,609 500
DEPRECIATION
At 1 April 2023 20,802 4,236 250
Charge for year 545 2,573 125
Eliminated on disposal - - -
At 31 March 2024 21,347 6,809 375
NET BOOK VALUE
At 31 March 2024 3,085 10,800 125
At 31 March 2023 3,630 8,244 250

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 387,022 602 425,036
Additions 162,847 - 167,976
Disposals (214,657 ) - (214,657 )
At 31 March 2024 335,212 602 378,355
DEPRECIATION
At 1 April 2023 63,370 294 88,952
Charge for year 77,533 200 80,976
Eliminated on disposal (38,291 ) - (38,291 )
At 31 March 2024 102,612 494 131,637
NET BOOK VALUE
At 31 March 2024 232,600 108 246,718
At 31 March 2023 323,652 308 336,084