Registered number
13020898
Newfit Joinery Services Limited
Filleted Accounts
30 November 2024
Newfit Joinery Services Limited
Registered number: 13020898
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 6,938 9,675
Current assets
Cash at bank and in hand 1,715 683
Creditors: amounts falling due within one year 4 (13,449) (2,129)
Net current liabilities (11,734) (1,446)
Net (liabilities)/assets (4,796) 8,229
Capital and reserves
Called up share capital 1 1
Profit and loss account (4,797) 8,228
Shareholder's funds (4,796) 8,229
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M Wheatman
Director
Approved by the board on 3 January 2025
Newfit Joinery Services Limited
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2023 7,209 13,150 20,359
At 30 November 2024 7,209 13,150 20,359
Depreciation
At 1 December 2023 3,107 7,577 10,684
Charge for the year 1,025 1,712 2,737
At 30 November 2024 4,132 9,289 13,421
Net book value
At 30 November 2024 3,077 3,861 6,938
At 30 November 2023 4,102 5,573 9,675
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs - 396
Other creditors 13,449 1,733
13,449 2,129
5 Other information
Newfit Joinery Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
313 Chapel Lane
New Longton
Preston
Lancashire
PR4 4AB
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