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Registered number: 05077852
Newstart Training Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Finsbury Robinson Ltd
237 Westcombe Hill
London
SE3 7DW
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 05077852
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 104 139
104 139
CURRENT ASSETS
Debtors 63,727 85,576
Cash at bank and in hand 11,216 12,762
74,943 98,338
Creditors: Amounts Falling Due Within One Year (56,892 ) (65,079 )
NET CURRENT ASSETS (LIABILITIES) 18,051 33,259
TOTAL ASSETS LESS CURRENT LIABILITIES 18,155 33,398
Creditors: Amounts Falling Due After More Than One Year (10,744 ) (18,773 )
NET ASSETS 7,411 14,625
CAPITAL AND RESERVES
Called up share capital 5 2 2
Income Statement 7,409 14,623
SHAREHOLDERS' FUNDS 7,411 14,625
Page 1
Page 2
For the year ending 31 March 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mrs C Hampton
Director
25th November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Newstart Training Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05077852 . The registered office is 237 Westcombe Hill, London, SE3 7DW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on cost
2.4. Taxation
Income tax expense represents the sum of the tax currently payable 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.
2.5. Pensions
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. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 4)
2 4
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Page 4
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 12,821 516 13,337
As at 31 March 2024 12,821 516 13,337
Depreciation
As at 1 April 2023 12,682 516 13,198
Provided during the period 35 - 35
As at 31 March 2024 12,717 516 13,233
Net Book Value
As at 31 March 2024 104 - 104
As at 1 April 2023 139 - 139
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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