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REGISTERED NUMBER: 11674155 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

NEWTON SCIENCE LIMITED

NEWTON SCIENCE LIMITED (REGISTERED NUMBER: 11674155)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NEWTON SCIENCE LIMITED

Company Information
for the year ended 31 December 2023







Directors: Mr J Robson
Mr L J Millar





Registered office: Unit 1
Swift Business Park
Creek Way
Rainham
Essex
RM13 8LE





Registered number: 11674155 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

NEWTON SCIENCE LIMITED (REGISTERED NUMBER: 11674155)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 291 471
Tangible assets 5 24,014 22,260
24,305 22,731

Current assets
Stocks 96,596 65,309
Debtors 6 88,784 89,494
Cash at bank 4,909 2,024
190,289 156,827
Creditors
Amounts falling due within one year 7 230,917 217,485
Net current liabilities (40,628 ) (60,658 )
Total assets less current liabilities (16,323 ) (37,927 )

Creditors
Amounts falling due after more than one
year

8

39,232

47,964
Net liabilities (55,555 ) (85,891 )

Capital and reserves
Called up share capital 11 100 100
Retained earnings (55,655 ) (85,991 )
Shareholders' funds (55,555 ) (85,891 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

NEWTON SCIENCE LIMITED (REGISTERED NUMBER: 11674155)

Balance Sheet - continued
31 December 2023


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 Board of Directors and authorised for issue on 20 March 2025 and were signed on its behalf by:





Mr J Robson - Director


NEWTON SCIENCE LIMITED (REGISTERED NUMBER: 11674155)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

Newton Science 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, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

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 - over the length of the lease
Plant and machinery - 10% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.


NEWTON SCIENCE LIMITED (REGISTERED NUMBER: 11674155)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Going concern
Although the company has net liabilities, the directors will continue to support the company for the next 12 months, and they are confident that the company will be profitable in the future years. The accounts have therefore been prepared on a going concern basis.

3. Employees and directors

The average number of employees during the year was 6 (2022 - 6 ) .

4. Intangible fixed assets
Computer
software
£   
Cost
At 1 January 2023
and 31 December 2023 900
Amortisation
At 1 January 2023 429
Amortisation for year 180
At 31 December 2023 609
Net book value
At 31 December 2023 291
At 31 December 2022 471

NEWTON SCIENCE LIMITED (REGISTERED NUMBER: 11674155)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


5. Tangible fixed assets
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
Cost
At 1 January 2023 17,628 13,279 252 2,626 33,785
Additions - 5,429 - 666 6,095
At 31 December 2023 17,628 18,708 252 3,292 39,880
Depreciation
At 1 January 2023 6,252 3,679 182 1,412 11,525
Charge for year 1,762 1,871 50 658 4,341
At 31 December 2023 8,014 5,550 232 2,070 15,866
Net book value
At 31 December 2023 9,614 13,158 20 1,222 24,014
At 31 December 2022 11,376 9,600 70 1,214 22,260

6. Debtors
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 24,147 37,882
Other debtors 64,592 51,612
88,739 89,494

Amounts falling due after more than one year:
Other debtors 45 -

Aggregate amounts 88,784 89,494

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 7,243 5,556
Trade creditors 171,317 176,579
Taxation and social security 12,075 5,332
Other creditors 40,282 30,018
230,917 217,485

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 39,232 44,540
Other creditors - 3,424
39,232 47,964

NEWTON SCIENCE LIMITED (REGISTERED NUMBER: 11674155)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


8. Creditors: amounts falling due after more than one year - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,261 22,318

9. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 40,000 40,000
Between one and five years 170,000 200,000
In more than five years - 10,000
210,000 250,000

10. Deferred tax
£   
Balance at 1 January 2023 (3,370 )
Provided during year (333 )
Balance at 31 December 2023 (3,703 )

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100

12. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr J Robson and Mr L J Millar
Balance outstanding at start of year (3,518 ) (31,943 )
Amounts advanced 115,799 62,125
Amounts repaid (97,170 ) (33,700 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,111 (3,518 )

Amounts advanced to the directors by the company are subject to interest payable at a rate of 2.5%, and are repayable upon demand.