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REGISTERED NUMBER: 12001372 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31st May 2024

for

Newby Decking Services Limited

Newby Decking Services Limited (Registered number: 12001372)






Contents of the Financial Statements
for the Year Ended 31st May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Newby Decking Services Limited

Company Information
for the Year Ended 31st May 2024







DIRECTOR: Mr B J Newby





REGISTERED OFFICE: 2 The Dale
Alton
Stoke-On-Trent
Staffordshire
ST10 4BG





REGISTERED NUMBER: 12001372 (England and Wales)





ACCOUNTANTS: Rice & Co Limited
Chartered Accountants
14a Market Place
Uttoxeter
Staffordshire
ST14 8HP

Newby Decking Services Limited (Registered number: 12001372)

Balance Sheet
31st May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 107,726 98,429

CURRENT ASSETS
Debtors 5 129,479 88,355
Cash at bank 7,381 3,700
136,860 92,055
CREDITORS
Amounts falling due within one year 6 73,912 34,288
NET CURRENT ASSETS 62,948 57,767
TOTAL ASSETS LESS CURRENT
LIABILITIES

170,674

156,196

CREDITORS
Amounts falling due after more than one
year

7

(64,104

)

(46,809

)

PROVISIONS FOR LIABILITIES (28,547 ) (26,084 )
NET ASSETS 78,023 83,303

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 77,923 83,203
SHAREHOLDERS' FUNDS 78,023 83,303

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

Newby Decking Services Limited (Registered number: 12001372)

Balance Sheet - continued
31st May 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 director and authorised for issue on 18th February 2025 and were signed by:





Mr B J Newby - Director


Newby Decking Services Limited (Registered number: 12001372)

Notes to the Financial Statements
for the Year Ended 31st May 2024

1. STATUTORY INFORMATION

Newby Decking Services 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.

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


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 is measured at the fair value of the consideration received or receivable, excluding discounts and value added tax. Turnover is recognised when services have been provided resulting in the company obtaining the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

Newby Decking Services Limited (Registered number: 12001372)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 8 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1st June 2023 61,560 73,057 628 135,245
Additions 11,166 37,778 - 48,944
Disposals - (16,083 ) - (16,083 )
At 31st May 2024 72,726 94,752 628 168,106
DEPRECIATION
At 1st June 2023 13,052 23,370 394 36,816
Charge for year 14,250 16,939 77 31,266
Eliminated on disposal - (7,702 ) - (7,702 )
At 31st May 2024 27,302 32,607 471 60,380
NET BOOK VALUE
At 31st May 2024 45,424 62,145 157 107,726
At 31st May 2023 48,508 49,687 234 98,429


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 33,128 12,557
Other debtors 96,351 75,798
129,479 88,355

Newby Decking Services Limited (Registered number: 12001372)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 30,088 9,994
Hire purchase contracts (see note 8) 14,226 7,369
Trade creditors 11,458 5,065
Taxation and social security 5,721 7,527
Other creditors 12,419 4,333
73,912 34,288

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 24,419 20,752
Hire purchase contracts (see note 8) 39,685 26,057
64,104 46,809

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Gross obligations repayable:
Within one year 19,302 10,539
Between one and five years 44,761 30,562
64,063 41,101

Finance charges repayable:
Within one year 5,076 3,170
Between one and five years 5,076 4,505
10,152 7,675

Net obligations repayable:
Within one year 14,226 7,369
Between one and five years 39,685 26,057
53,911 33,426

Newby Decking Services Limited (Registered number: 12001372)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

8. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 7,305 7,474
Between one and five years 19,832 4,703
27,137 12,177