IRIS Accounts Production v24.3.2.46 05865163 director 1.8.23 31.7.24 31.7.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh058651632023-07-31058651632024-07-31058651632023-08-012024-07-31058651632022-07-31058651632022-08-012023-07-31058651632023-07-3105865163ns15:EnglandWales2023-08-012024-07-3105865163ns14:PoundSterling2023-08-012024-07-3105865163ns10:Director12023-08-012024-07-3105865163ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3105865163ns10:SmallEntities2023-08-012024-07-3105865163ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3105865163ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3105865163ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3105865163ns10:FullAccounts2023-08-012024-07-3105865163ns10:RegisteredOffice2023-08-012024-07-3105865163ns5:CurrentFinancialInstruments2024-07-3105865163ns5:CurrentFinancialInstruments2023-07-3105865163ns5:ShareCapital2024-07-3105865163ns5:ShareCapital2023-07-3105865163ns5:RetainedEarningsAccumulatedLosses2024-07-3105865163ns5:RetainedEarningsAccumulatedLosses2023-07-3105865163ns5:PlantMachinery2023-08-012024-07-3105865163ns5:FurnitureFittings2023-08-012024-07-3105865163ns5:ComputerEquipment2023-08-012024-07-3105865163ns5:PlantMachinery2023-07-3105865163ns5:FurnitureFittings2023-07-3105865163ns5:ComputerEquipment2023-07-3105865163ns5:PlantMachinery2024-07-3105865163ns5:FurnitureFittings2024-07-3105865163ns5:ComputerEquipment2024-07-3105865163ns5:PlantMachinery2023-07-3105865163ns5:FurnitureFittings2023-07-3105865163ns5:ComputerEquipment2023-07-3105865163ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3105865163ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-31
REGISTERED NUMBER: 05865163 (England and Wales)














Financial Statements for the Year Ended 31 July 2024

for

Newman's Electricals Limited

Newman's Electricals Limited (Registered number: 05865163)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Newman's Electricals Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mr D Newman





REGISTERED OFFICE: 22 Alexandra Road
South Woodford
London
E18 1PZ





REGISTERED NUMBER: 05865163 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Newman's Electricals Limited (Registered number: 05865163)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 15,108 16,806

CURRENT ASSETS
Debtors 5 14,792 20,520
Cash at bank 66,372 50,179
81,164 70,699
CREDITORS
Amounts falling due within one year 6 (6,095 ) (7,776 )
NET CURRENT ASSETS 75,069 62,923
TOTAL ASSETS LESS CURRENT LIABILITIES 90,177 79,729

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 90,175 79,727
SHAREHOLDERS' FUNDS 90,177 79,729

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

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

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 23 March 2025 and were signed by:




Mr D Newman - Director


Newman's Electricals Limited (Registered number: 05865163)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Newman's Electricals 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Newman's Electricals Limited (Registered number: 05865163)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2023 27,366 154 4,766 32,286
Additions - - 1,099 1,099
At 31 July 2024 27,366 154 5,865 33,385
DEPRECIATION
At 1 August 2023 10,560 154 4,766 15,480
Charge for year 2,521 - 276 2,797
At 31 July 2024 13,081 154 5,042 18,277
NET BOOK VALUE
At 31 July 2024 14,285 - 823 15,108
At 31 July 2023 16,806 - - 16,806

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors 14,792 20,520

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Taxation and social security 5,657 6,463
Other creditors 438 1,313
6,095 7,776

7. RELATED PARTY DISCLOSURES

The Director Mr D Newman is considered to be key management personnel