IRIS Accounts Production v24.3.2.46 09660457 director 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh096604572023-06-30096604572024-06-30096604572023-07-012024-06-30096604572022-06-30096604572022-07-012023-06-30096604572023-06-3009660457ns15:EnglandWales2023-07-012024-06-3009660457ns14:PoundSterling2023-07-012024-06-3009660457ns10:Director12023-07-012024-06-3009660457ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3009660457ns10:SmallEntities2023-07-012024-06-3009660457ns10:AuditExemptWithAccountantsReport2023-07-012024-06-3009660457ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3009660457ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3009660457ns10:FullAccounts2023-07-012024-06-3009660457ns10:RegisteredOffice2023-07-012024-06-3009660457ns5:CurrentFinancialInstruments2024-06-3009660457ns5:CurrentFinancialInstruments2023-06-3009660457ns5:Non-currentFinancialInstruments2024-06-3009660457ns5:Non-currentFinancialInstruments2023-06-3009660457ns5:ShareCapital2024-06-3009660457ns5:ShareCapital2023-06-3009660457ns5:RetainedEarningsAccumulatedLosses2024-06-3009660457ns5:RetainedEarningsAccumulatedLosses2023-06-3009660457ns5:FurnitureFittings2023-06-3009660457ns5:MotorVehicles2023-06-3009660457ns5:ComputerEquipment2023-06-3009660457ns5:FurnitureFittings2023-07-012024-06-3009660457ns5:MotorVehicles2023-07-012024-06-3009660457ns5:ComputerEquipment2023-07-012024-06-3009660457ns5:FurnitureFittings2024-06-3009660457ns5:MotorVehicles2024-06-3009660457ns5:ComputerEquipment2024-06-3009660457ns5:FurnitureFittings2023-06-3009660457ns5:MotorVehicles2023-06-3009660457ns5:ComputerEquipment2023-06-3009660457ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3009660457ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3009660457ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-06-3009660457ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-06-3009660457ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-06-3009660457ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-06-3009660457ns5:HirePurchaseContracts2024-06-3009660457ns5:HirePurchaseContracts2023-06-3009660457ns5:DeferredTaxation2023-06-3009660457ns5:DeferredTaxation2024-06-30
REGISTERED NUMBER: 09660457 (England and Wales)















NEWMILE TRADING LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024






NEWMILE TRADING LIMITED (REGISTERED NUMBER: 09660457)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


NEWMILE TRADING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: Mr D England





REGISTERED OFFICE: Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR





REGISTERED NUMBER: 09660457 (England and Wales)





ACCOUNTANTS: Rothmans CF Limited
Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR

ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
NEWMILE TRADING LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Newmile Trading Limited for the year ended 30 June 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Newmile Trading Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Newmile Trading Limited and state those matters that we have agreed to state to the director of Newmile Trading Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Newmile Trading Limited and its director for our work or for this report.

It is your duty to ensure that Newmile Trading Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Newmile Trading Limited. You consider that Newmile Trading Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Newmile Trading Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Rothmans CF Limited
Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR


22 January 2025

NEWMILE TRADING LIMITED (REGISTERED NUMBER: 09660457)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 26,161 52,881

CURRENT ASSETS
Debtors 5 503,583 44,044
Cash at bank 41,071 88,770
544,654 132,814
CREDITORS
Amounts falling due within one year 6 181,525 38,218
NET CURRENT ASSETS 363,129 94,596
TOTAL ASSETS LESS CURRENT
LIABILITIES

389,290

147,477

CREDITORS
Amounts falling due after more than one
year

7

(4,670

)

(10,605

)

PROVISIONS FOR LIABILITIES 10 (4,623 ) (5,595 )
NET ASSETS 379,997 131,277

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 379,897 131,177
SHAREHOLDERS' FUNDS 379,997 131,277

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

NEWMILE TRADING LIMITED (REGISTERED NUMBER: 09660457)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 January 2025 and were signed by:





Mr D England - Director


NEWMILE TRADING LIMITED (REGISTERED NUMBER: 09660457)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Newmile Trading Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 09660457 and the registered office address is Fryern House, 125 Winchester Road, Chandlers Ford, Hampshire, SO53 2DR.

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.

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

Going concern
The financial statements have been prepared on a going concern basis

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the statement of financial position date, and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

The director does not consider there to be any significant judgements or estimates.

Turnover
Turnover is derived from the provision of consultancy services and is recognised when the service is provided. This represents net sales during the year (excluding value added tax) adjusted for accrued and deferred income.

Tangible fixed assets
All fixed assets are initially recognised at cost and subsequently carried at cost less accumulated depreciation and accumulated impairment losses.

The cost of fixed assets initially recognised includes its purchase price and any cost that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in a manner intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life as follows:

Motor vehicles25% reducing balance
Computer equipment33% straight line
Office equipment33% straight line

The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

Fixed assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the net disposal proceeds and the carrying amount is recognised in the income statement.

Financial instruments
The company only has financial assets and liabilities of the kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and debt instruments are subsequently measured at amortised cost.

Dividends
Equity dividends are recognised when they become legally payable. Interim dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


NEWMILE TRADING LIMITED (REGISTERED NUMBER: 09660457)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£ £ £ £
COST
At 1 July 2023 490 61,467 1,715 63,672
Disposals - (23,995 ) - (23,995 )
At 30 June 2024 490 37,472 1,715 39,677
DEPRECIATION
At 1 July 2023 242 9,225 1,324 10,791
Charge for year 143 11,784 391 12,318
Eliminated on disposal - (9,593 ) - (9,593 )
At 30 June 2024 385 11,416 1,715 13,516
NET BOOK VALUE
At 30 June 2024 105 26,056 - 26,161
At 30 June 2023 248 52,242 391 52,881

The net book value of tangible fixed assets includes £26,056 in respect of assets held under finance leases.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 48,583 26,154
Prepayments and accrued income 455,000 17,890
503,583 44,044

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Hire purchase contracts (see note 8) 5,935 5,562
Trade creditors 60 107
Social security and other taxes 158,014 23,027
VAT 13,038 5,935
Directors' current accounts 978 237
Accruals and deferred income 3,500 3,350
181,525 38,218

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Hire purchase contracts (see note 8) 4,670 10,605

NEWMILE TRADING LIMITED (REGISTERED NUMBER: 09660457)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£ £
Net obligations repayable:
Within one year 5,935 5,562
Between one and five years 4,670 10,605
10,605 16,167

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Hire purchase contracts 10,605 16,167

Obligations under hire purchase contracts are secured on the assets to which they relate.

10. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 4,623 5,595

Deferred tax
£
Balance at 1 July 2023 5,595
Movement during the year (972 )
Balance at 30 June 2024 4,623

The provision for deferred tax relates solely to accelerated capital allowances.

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, the company made interest-free advances to the director up to £33,706, which were repaid within the year. The balance due to the director at the year end is £978 (2023: £237).