Caseware UK (AP4) 2023.0.135 2023.0.135 No description of principal activity2023-08-01false1010falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01547854 2023-08-01 2024-07-31 01547854 2022-08-01 2023-07-31 01547854 2024-07-31 01547854 2023-07-31 01547854 c:Director2 2023-08-01 2024-07-31 01547854 d:MotorVehicles 2023-08-01 2024-07-31 01547854 d:MotorVehicles 2024-07-31 01547854 d:MotorVehicles 2023-07-31 01547854 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 01547854 d:FurnitureFittings 2023-08-01 2024-07-31 01547854 d:FurnitureFittings 2024-07-31 01547854 d:FurnitureFittings 2023-07-31 01547854 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 01547854 d:OfficeEquipment 2023-08-01 2024-07-31 01547854 d:OfficeEquipment 2024-07-31 01547854 d:OfficeEquipment 2023-07-31 01547854 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 01547854 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 01547854 d:CurrentFinancialInstruments 2024-07-31 01547854 d:CurrentFinancialInstruments 2023-07-31 01547854 d:Non-currentFinancialInstruments 2024-07-31 01547854 d:Non-currentFinancialInstruments 2023-07-31 01547854 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 01547854 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 01547854 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 01547854 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 01547854 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-07-31 01547854 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-07-31 01547854 d:ShareCapital 2024-07-31 01547854 d:ShareCapital 2023-07-31 01547854 d:RetainedEarningsAccumulatedLosses 2024-07-31 01547854 d:RetainedEarningsAccumulatedLosses 2023-07-31 01547854 c:FRS102 2023-08-01 2024-07-31 01547854 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 01547854 c:FullAccounts 2023-08-01 2024-07-31 01547854 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 01547854 2 2023-08-01 2024-07-31 01547854 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 01547854









NEWMASS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

For the Year Ended 31 July 2024

 
NEWMASS LIMITED
Registered number: 01547854

BALANCE SHEET
As at 31 July 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,000
4,000

  
2,000
4,000

Current assets
  

Stocks
  
26,532
25,128

Debtors: amounts falling due within one year
 5 
107,679
106,516

Cash at bank and in hand
 6 
97,349
129,678

  
231,560
261,322

Creditors: amounts falling due within one year
 7 
(205,479)
(181,543)

Net current assets
  
 
 
26,081
 
 
79,779

Total assets less current liabilities
  
28,081
83,779

Creditors: amounts falling due after more than one year
 8 
(19,850)
(29,824)

  

Net assets
  
8,231
53,955


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
8,229
53,953

  
8,231
53,955


Page 1

 
NEWMASS LIMITED
Registered number: 01547854
    
BALANCE SHEET (CONTINUED)
As at 31 July 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



Prem Lata Pathak
Director

Date: 4 March 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
NEWMASS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 July 2024

1.


General information

Newmass Limited is a private company limited by shares, registered in England and Wales. Its registered office is Bushbury House, 435 Wilmslow Road, Withington, Manchester, M20 4AF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
NEWMASS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 July 2024

2.Accounting policies (continued)

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
Fixtures & fittings
-
10%
Reducing balance
Office equipment
-
33%
Straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 
NEWMASS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 July 2024

2.Accounting policies (continued)

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

2024
2023
£
£

Wages and salaries
131,824
124,019

Cost of defined contribution scheme
11,608
11,239

143,432
135,258


The average monthly number of employees, including directors, during the year was 10 (2023 - 10).

Page 5

 
NEWMASS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 July 2024

4.


Tangible fixed assets





Motor vehicles
Fixtures & fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 August 2023
8,000
8,193
11,805
27,998



At 31 July 2024

8,000
8,193
11,805
27,998



Depreciation


At 1 August 2023
4,000
8,193
11,805
23,998


Charge for the year on owned assets
2,000
-
-
2,000



At 31 July 2024

6,000
8,193
11,805
25,998



Net book value



At 31 July 2024
2,000
-
-
2,000



At 31 July 2023
4,000
-
-
4,000


5.


Debtors

2024
2023
£
£


Trade debtors
76,782
66,844

Other debtors
26,509
38,744

Prepayments and accrued income
4,388
928

107,679
106,516



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
97,349
129,678

97,349
129,678


Page 6

 
NEWMASS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 July 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
116,006
113,462

Amounts owed to group undertakings
7,716
11,579

Corporation tax
47
-

Other taxation and social security
164
-

Other creditors
20,046
13,794

Accruals and deferred income
61,500
42,708

205,479
181,543



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
19,850
29,824

19,850
29,824



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£


Amounts falling due 1-2 years

Bank loans
19,850
29,824


19,850
29,824



19,850
29,824


Included in bank loans after more than one year is an unsecured bounce back loan. The loan is subject to  interest at the rate of 2.5% per annum and is fully backed by the UK goverment under the BBLS rules. 

Page 7

 
NEWMASS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 July 2024

10.


Pension commitments

The Company operates a definded contributions pension scheme. The assets of the scheme are held
separately from those of the company in an independently administered fund. The pension cost charge
represents contributions payable by the company to the fund and amounted to £9,600 (2023 - £9,600).
Contributions totalling £0 (2023 - £0) were payable to the fund at the balance sheet date


11.


Controlling party

The company is wholly owned by Newmass UK Limited. Newmass UK Limited is jointly owned by the directors A Pathak and P L Pathak.

 
Page 8