Company Registration No. 10022198 (England and Wales)
New Inn Leven Limited
Unaudited accounts
for the year ended 29 February 2024
New Inn Leven Limited
Unaudited accounts
Contents
New Inn Leven Limited
Company Information
for the year ended 29 February 2024
Directors
Mr Craig Farley
Myfanwy Garman
Robert Garman
Timothy Ollett
Company Number
10022198 (England and Wales)
Registered Office
New Inn
44 South Street
Leven
Beverley
North Humberside
HU17 5NZ
England
Accountants
Rainbird Hanton Accountants
The Octagon
Hesslewood Business Park
Feriby Road
Hessle
East Yorkshire
HU13 0LH
New Inn Leven Limited
Statement of financial position
as at 29 February 2024
Tangible assets
222,538
223,248
Cash at bank and in hand
31,561
42,514
Creditors: amounts falling due within one year
(182,860)
(119,051)
Net current liabilities
(125,460)
(69,037)
Total assets less current liabilities
97,078
154,211
Creditors: amounts falling due after more than one year
(195,976)
(269,514)
Net liabilities
(98,898)
(115,303)
Profit and loss account
(98,998)
(115,403)
Shareholders' funds
(98,898)
(115,303)
For the year ending 29 February 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 directors acknowledge their 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 of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by
Myfanwy Garman
Director
Company Registration No. 10022198
New Inn Leven Limited
Notes to the Accounts
for the year ended 29 February 2024
New Inn Leven Limited is a private company, limited by shares, registered in England and Wales, registration number 10022198. The registered office is New Inn, 44 South Street, Leven, Beverley, North Humberside, HU17 5NZ, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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% on cost
Fixtures & fittings
20% on cost
Computer equipment
33.33% on cost
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 29 February 2024
15,000
At 29 February 2024
15,000
New Inn Leven Limited
Notes to the Accounts
for the year ended 29 February 2024
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2023
221,023
49,433
39,690
1,696
311,842
At 29 February 2024
221,023
49,433
39,690
1,696
311,842
At 1 March 2023
-
47,548
39,687
1,359
88,594
Charge for the year
-
511
-
199
710
At 29 February 2024
-
48,059
39,687
1,558
89,304
At 29 February 2024
221,023
1,374
3
138
222,538
At 28 February 2023
221,023
1,885
3
337
223,248
Amounts falling due within one year
Accrued income and prepayments
124
-
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
19,192
19,192
Trade creditors
7,219
10,190
Taxes and social security
19,912
13,613
Other creditors
3,865
14,745
Loans from directors
53,087
9,715
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
195,976
214,937
Loans from directors
-
54,577
9
Average number of employees
During the year the average number of employees was 11 (2023: 13).