Registered number
06141423
Newform London Ltd
Filleted Accounts
30 June 2024
Newform London Ltd
Registered number: 06141423
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 15,582 19,654
Current assets
Debtors 5 8,031 80,931
Cash at bank and in hand 237,292 153,227
245,323 234,158
Creditors: amounts falling due within one year 6 (201,307) (153,547)
Net current assets 44,016 80,611
Total assets less current liabilities 59,598 100,265
Creditors: amounts falling due after more than one year 7 (15,652) (25,608)
Net assets 43,946 74,657
Capital and reserves
Called up share capital 100 100
Profit and loss account 43,846 74,557
Shareholders' funds 43,946 74,657
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R Sokolowski
Director
Approved by the board on 28 March 2025
Newform London Ltd
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% on reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 July 2023 5,000
At 30 June 2024 5,000
Amortisation
At 1 July 2023 5,000
At 30 June 2024 5,000
Net book value
At 30 June 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2023 12,853 56,592 69,445
Additions 1,121 - 1,121
At 30 June 2024 13,974 56,592 70,566
Depreciation
At 1 July 2023 8,121 41,670 49,791
Charge for the year 1,463 3,730 5,193
At 30 June 2024 9,584 45,400 54,984
Net book value
At 30 June 2024 4,390 11,192 15,582
At 30 June 2023 4,732 14,922 19,654
5 Debtors 2024 2023
£ £
Other debtors 8,031 80,931
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 12,275 14,022
Trade creditors 8,088 8,695
Taxation and social security costs 170,932 126,196
Other creditors 10,012 4,634
201,307 153,547
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 15,652 25,608
8 Other information
Newform London Ltd is a private company limited by shares and incorporated in England. Its registered office is:
9 Station Parade
Uxbridge Road
Ealing Common
London
W5 3LD
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