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Registration number: 05827896

Newton Lex Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2024

 

Newton Lex Limited

Contents

Company Information

1

Directors' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 7

 

Newton Lex Limited

Company Information





 

Directors




 

A S Edwards

RQ Edwards

Company secretary

 

A S Edwards

Registered office



 

131 Burwood Road
Hersham
Walton on Thames
KT12 4AN

Accountants

D & A Hill
No.18 T8/9 Brooke's Mill
Armitage Bridge
Huddersfield
West Yorkshire
HD4 7NR

 

Newton Lex Limited

Directors' Report
for the Year Ended 31 May 2024

The directors present their report and the financial statements for the year ended 31 May 2024.

Directors of the company

The directors who held office during the year were as follows:

A S Edwards - Company secretary and director

RQ Edwards

Principal activity

The principal activity of the company is that of financial and management consultancy.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 24 February 2025 and signed on its behalf by:
 

.........................................
RQ Edwards
Director

 

Newton Lex Limited

(Registration number: 05827896 )
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,229

1,350

Current assets

 

Debtors

5

17,089

852

Cash at bank and in hand

 

5,801

20,666

 

22,890

21,518

Creditors: Amounts falling due within one year

6

(4,859)

(8,296)

Net current assets

 

18,031

13,222

Net assets

 

19,260

14,572

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

19,258

14,570

Shareholders' funds

 

19,260

14,572

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 February 2025 and signed on its behalf by:
 

.........................................
RQ Edwards
Director

 

Newton Lex Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
131 Burwood Road
Hersham
Walton on Thames
KT12 4AN

These financial statements were authorised for issue by the Board on 24 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

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

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Newton Lex Limited

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

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

25% reducing balance

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Newton Lex Limited

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

4

Tangible assets

Computer equipment
£

Total
£

Cost or valuation

At 1 June 2023

2,400

2,400

Additions

289

289

At 31 May 2024

2,689

2,689

Depreciation

At 1 June 2023

1,050

1,050

Charge for the year

410

410

At 31 May 2024

1,460

1,460

Carrying amount

At 31 May 2024

1,229

1,229

At 31 May 2023

1,350

1,350

5

Debtors

Current

2024
£

2023
£

Other debtors

17,089

852

 

17,089

852

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

2,125

2,756

Accruals and deferred income

425

420

Other creditors

2,309

5,120

4,859

8,296

 

Newton Lex Limited

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

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

2

2

2

2