Registered number
09007472
A Newson Engineering Ltd
Filleted Accounts
30 April 2024
A Newson Engineering Ltd
Registered number: 09007472
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 56,294 18,255
56,294 18,255
Current assets
Debtors 4 8,820 40,272
Cash at bank and in hand 91,351 85,968
100,171 126,240
Creditors: amounts falling due within one year 5 (37,647) (29,429)
Net current assets 62,524 96,811
Total assets less current liabilities 118,818 115,066
Creditors: amounts falling due after more than one year 6 (10,000) -
Net assets 108,818 115,066
Capital and reserves
Called up share capital 100 100
Profit and loss account 108,718 114,966
Shareholders' funds 108,818 115,066
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 members have 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.
Andrew Newson
Director
Approved by the board on 23 December 2024
A Newson Engineering Ltd
Notes to the Accounts
for the year ended 30 April 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 20% Reducing Balance
Fixtures, fittings, tools and equipment 20% Reducing Balance
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. Unrelieved tax losses are recognised only to the extent that it is probable that they will be recovered against other future taxable profits. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 May 2023 3,250 12,559 37,979 53,788
Additions - 299 51,000 51,299
At 30 April 2024 3,250 12,858 88,979 105,087
Depreciation
At 1 May 2023 - 8,436 27,097 35,533
Charge for the year - 884 12,376 13,260
At 30 April 2024 - 9,320 39,473 48,793
Net book value
At 30 April 2024 3,250 3,538 49,506 56,294
At 30 April 2023 3,250 4,123 10,882 18,255
4 Debtors 2024 2023
£ £
Trade debtors 6,600 17,307
Other debtors 2,220 22,965
8,820 40,272
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 13,720 -
Trade creditors 252 204
Taxation and social security costs 23,675 28,811
Other creditors - 414
37,647 29,429
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 10,000 -
10,000 -
7 Other information
A Newson Engineering Ltd is a private company limited by shares and incorporated in England. Its registered office is:
73 Cherry Orchard
Ditton
Aylesford
Kent
ME20 6QS
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