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REGISTERED NUMBER: 06878425 (England and Wales)










Financial Statements

For The Year Ended 30 April 2024

for

New Circuit Test Limited

New Circuit Test Limited (Registered number: 06878425)

Contents of the Financial Statements
For The Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


New Circuit Test Limited

Company Information
For The Year Ended 30 April 2024







DIRECTORS: A D Clark
Miss A Clark
Miss E Clark





REGISTERED OFFICE: 5 Woodside Gardens
London
E4 9BE





REGISTERED NUMBER: 06878425 (England and Wales)





ACCOUNTANTS: Cahill Jack Associates Limited
91 Alexander Street
Airdrie
North Lanarkshire
ML6 0BD

New Circuit Test Limited (Registered number: 06878425)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,559 49,917

CURRENT ASSETS
Stocks 41,838 42,888
Debtors 5 184,095 70,387
Cash at bank 351,189 300,670
577,122 413,945
CREDITORS
Amounts falling due within one year 6 459,581 430,928
NET CURRENT ASSETS/(LIABILITIES) 117,541 (16,983 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

162,100

32,934

CREDITORS
Amounts falling due after more than one
year

7

(11,471

)

(21,471

)

PROVISIONS FOR LIABILITIES (11,140 ) (9,024 )
NET ASSETS 139,489 2,439

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 139,389 2,339
SHAREHOLDERS' FUNDS 139,489 2,439

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

New Circuit Test Limited (Registered number: 06878425)

Balance Sheet - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 December 2024 and were signed on its behalf by:





A D Clark - Director


New Circuit Test Limited (Registered number: 06878425)

Notes to the Financial Statements
For The Year Ended 30 April 2024


1. STATUTORY INFORMATION

New Circuit Test 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.

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.

Turnover
Turnover represents net invoiced sales for the design and manufacture of automatic test equipment, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

New Circuit Test Limited (Registered number: 06878425)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
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. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 98,395 38,658 4,387 12,832 154,272
Additions - - - 1,851 1,851
At 30 April 2024 98,395 38,658 4,387 14,683 156,123
DEPRECIATION
At 1 May 2023 60,191 30,792 3,829 9,543 104,355
Charge for year 3,820 1,966 139 1,284 7,209
At 30 April 2024 64,011 32,758 3,968 10,827 111,564
NET BOOK VALUE
At 30 April 2024 34,384 5,900 419 3,856 44,559
At 30 April 2023 38,204 7,866 558 3,289 49,917

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 184,095 54,550
Other debtors - 15,837
184,095 70,387

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 19,604 23,252
Taxation and social security 45,164 41,363
Other creditors 384,813 356,313
459,581 430,928

New Circuit Test Limited (Registered number: 06878425)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 11,471 21,471

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 21,471 31,471

The BBL loan is supported by a 100% guarantee from the UK Government.

9. RELATED PARTY DISCLOSURES

During the year the company was charged rent of £36,000 from NCT (Glasgow) Limited Retirement Benefits Scheme. (2023 £36,000).