pinacle 6.0
2017.03.01
NEW PATH ADVISORY LTD
11264732
2023-07-01
2024-06-30
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xbrli:pure
iso4217:GBP
xbrli:shares
Company Registration Number - 11264732 |
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ANDREWS & COMPANY |
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Accountants & Tax Consultants |
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N049 |
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1. |
NEW PATH ADVISORY LTD
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COMPANY NUMBER - 11264732
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Balance sheet as at
30 June 2024
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FIXED ASSETS
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Intangible assets |
4 |
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-
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1,377
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Tangible assets |
5 |
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959
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Investments |
6 |
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90,000
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90,000
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90,000
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92,336
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Current assets
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Debtors |
7 |
713
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28,179
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Cash at bank and in hand |
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3,035
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20,411
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3,748
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48,590
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Current liabilities
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Creditors - Amounts |
falling due within one year |
8 |
27,709
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19,522
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NET CURRENT (LIABILITIES) ASSETS
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(23,961) |
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29,068
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Total assets less current liabilities
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66,039
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121,404
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Creditors - Amounts falling |
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due after more than one year |
8 |
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(18,333) |
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(38,333) |
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Net assets
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47,706
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83,071
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2. |
NEW PATH ADVISORY LTD
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COMPANY NUMBER - 11264732
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Balance sheet as at
30 June 2024
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CAPITAL AND RESERVES
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Called up share capital |
9 |
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100
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100
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Profit and Loss account |
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47,606
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82,971 |
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Shareholders' funds
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47,706
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83,071
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These financial statements have been prepared in accordance with the provisions of FRS102 Section 1A of the Companies Act 2006 relating to small companies.
In accordance with section 444 of the Companies Act 2006, the directors' report and the profit and loss account have not been delivered.
For the financial year ended 30 June 2024, the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.
The members have not required the company to obtain an audit.
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.
Approved by the board of directors on 20 March 2025
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and signed on their behalf by: |
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The notes on pages 3 to 5 form an integral part of these accounts.
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3. |
NEW PATH ADVISORY LTD
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Notes to the Financial Statements
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For the year ended 30 June 2024
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1. General Information
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New Path Advisory Ltd is a Private Company, limited by shares, domiciled in England and Wales, registration number 11264732.
The company's registered office is Enterprise House, Ocean Village, Southampton , S014 3XB.
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2. Accounting policies
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Basis of accounting
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The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Turnover is measured at the fair value of the consideration received or receivable and represents goods supplied or services rendered, stated net of Value Added Tax. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.
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Tangible fixed assets and depreciation
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Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life:
Fixtures and fittings - 25% reducing balance
Computer equipment - 33% reducing balance
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3. Employees
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The average number employed by the company (including directors) during the year 2024 was 2
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and in the previous year 2023 was 2.
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4. Fixed assets - intangible
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Goodwill |
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Fair value
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£
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At 1 July 2023 |
1,992
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and 30 June 2024 |
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Amortisation
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At 1 July 2023 |
615
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Charge for year |
1,377
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At 30 June 2024 |
1,992
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Net book values
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At 1 July 2023 |
1,377
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4. |
NEW PATH ADVISORY LTD
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Notes to the Financial Statements
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For the year ended 30 June 2024
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5. Fixed assets - tangible
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Fixtures |
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and |
Computer |
Total |
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Fittings |
equipment |
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-------- |
--------- |
----- |
Fair value
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£
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£
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£
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At 1 July 2023 |
1,218
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1,488
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2,706 |
Additions |
-
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25
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25 |
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At 30 June 2024 |
1,218 |
1,513 |
2,731 |
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Depreciation
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At 1 July 2023 |
662
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1,085
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1,747 |
Charge for year |
556
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428
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984 |
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At 30 June 2024 |
1,218 |
1,513 |
2,731 |
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Net book values
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At 30 June 2024 |
Nil |
Nil |
Nil |
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At 1 July 2023 |
556 |
403 |
959 |
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6. Fixed assets - investments
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Unlisted |
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Investments |
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£ |
Cost |
At 1 July 2023 |
90,000 |
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and 30 June 2024 |
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7. Debtors
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Due within one year: |
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Other debtors |
713 |
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18,179 |
Directors' overdrawn current accounts |
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10,000
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713
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28,179
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Included in other debtors is an overdrawn current account in respect of Mr A W R Hill.
The liability under the loan at the beginning and end of the year respectively was £10,000 and £nil.
The maximum amount of the loan outstanding during the year was £10,000.
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5. |
NEW PATH ADVISORY LTD
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Notes to the Financial Statements
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For the year ended 30 June 2024
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Amounts falling due within one year: |
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Bank Loan |
20,000
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20,000
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Trade creditors |
1
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1
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Other creditors: |
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Corporation tax |
-
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(1,542) |
Other taxation and social security |
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33
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Directors' current accounts |
7,708
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Other |
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1,030
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27,709 |
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19,522 |
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Amounts falling due after one year: |
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Other creditors: |
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Bank loan |
18,333
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38,333
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9. Called up share capital
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There was no change in share capital during the year.
Allotted, called up and fully paid |
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Ordinary shares of £1 each
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100 |
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100 |
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