IRIS Accounts Production v24.3.0.553 11218445 director 1.3.23 29.2.24 29.2.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh112184452023-02-28112184452024-02-29112184452023-03-012024-02-29112184452022-02-28112184452022-03-012023-02-28112184452023-02-2811218445ns15:EnglandWales2023-03-012024-02-2911218445ns14:PoundSterling2023-03-012024-02-2911218445ns10:Director12023-03-012024-02-2911218445ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2911218445ns10:SmallEntities2023-03-012024-02-2911218445ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2911218445ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2911218445ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2911218445ns10:FullAccounts2023-03-012024-02-2911218445ns10:OrdinaryShareClass12023-03-012024-02-2911218445ns10:RegisteredOffice2023-03-012024-02-2911218445ns5:CurrentFinancialInstruments2024-02-2911218445ns5:CurrentFinancialInstruments2023-02-2811218445ns5:Non-currentFinancialInstruments2024-02-2911218445ns5:Non-currentFinancialInstruments2023-02-2811218445ns5:ShareCapital2024-02-2911218445ns5:ShareCapital2023-02-2811218445ns5:RetainedEarningsAccumulatedLosses2024-02-2911218445ns5:RetainedEarningsAccumulatedLosses2023-02-2811218445ns5:PlantMachinery2023-03-012024-02-2911218445ns5:PlantMachinery2023-02-2811218445ns5:PlantMachinery2024-02-2911218445ns5:PlantMachinery2023-02-2811218445ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2911218445ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-2811218445ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-02-2911218445ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-02-2811218445ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-02-2911218445ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-02-2811218445ns10:OrdinaryShareClass12024-02-29112184451ns10:Director12023-02-28112184451ns10:Director12022-02-28112184451ns10:Director12023-03-012024-02-29112184451ns10:Director12022-03-012023-02-28112184451ns10:Director12024-02-29112184451ns10:Director12023-02-28
REGISTERED NUMBER: 11218445 (England and Wales)















NEWBERRY CONSTRUCTION & DEVELOPMENTS
LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024






NEWBERRY CONSTRUCTION & DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 11218445)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


NEWBERRY CONSTRUCTION & DEVELOPMENTS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: B Newberry





REGISTERED OFFICE: 18 Green Lane
Seagrave
Loughborough
Leicestershire
LE12 7LU





REGISTERED NUMBER: 11218445 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
26 Park Road
Melton Mowbray
Leicestershire
LE13 1TT

NEWBERRY CONSTRUCTION & DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 11218445)

STATEMENT OF FINANCIAL POSITION
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 35,530 47,622

CURRENT ASSETS
Inventories 50,330 16,875
Debtors 5 39,502 33,200
Cash at bank 7,047 60,944
96,879 111,019
CREDITORS
Amounts falling due within one year 6 101,081 97,600
NET CURRENT (LIABILITIES)/ASSETS (4,202 ) 13,419
TOTAL ASSETS LESS CURRENT LIABILITIES 31,328 61,041

CREDITORS
Amounts falling due after more than one year 7 (17,925 ) (32,241 )

PROVISIONS FOR LIABILITIES (6,416 ) (8,639 )
NET ASSETS 6,987 20,161

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 6,986 20,160
SHAREHOLDERS' FUNDS 6,987 20,161

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

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

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2024 and were signed by:




B Newberry - Director


NEWBERRY CONSTRUCTION & DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 11218445)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Newberry Construction & Developments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33.3% on cost and 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Inventories
Inventories are valued at the lower of cost and fair value less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial provision. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

NEWBERRY CONSTRUCTION & DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 11218445)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 87,499
DEPRECIATION
At 1 March 2023 39,877
Charge for year 12,092
At 29 February 2024 51,969
NET BOOK VALUE
At 29 February 2024 35,530
At 28 February 2023 47,622

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 34,669 31,255
Directors' current accounts 2,851 -
Prepayments 1,982 1,945
39,502 33,200

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 4,568 4,568
Trade creditors 6,571 13,704
Taxation 8,399 5,767
Other taxes and social security 8,939 18,275
Other creditors 60,000 1,086
Directors' current accounts - 41,566
Accrued expenses 2,604 2,634
101,081 97,600

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 2,595 12,343
Hire purchase contracts 5,330 9,898
17,925 32,241

NEWBERRY CONSTRUCTION & DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 11218445)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 9,898 14,466

The hire purchase creditor is secured over the asset to which it relates.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
B Newberry
Balance outstanding at start of year - -
Amounts advanced 2,851 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,851 -

Loans to directors are interest free and repayable on demand.