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Company Registration No. 12069638 (England and Wales)
NEW THINGZ LTD Unaudited accounts for the year ended 30 June 2024
NEW THINGZ LTD Unaudited accounts Contents
Page
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NEW THINGZ LTD Company Information for the year ended 30 June 2024
Director
Bukola Akintola
Secretary
Bukola Akintola
Company Number
12069638 (England and Wales)
Registered Office
21 Drummond Close Hampton Gardens Peterborough England PE7 8PY United Kingdom
Accountants
Brown & Bam Associates 143 Pembury Avenue Worcester Park Surrey County (optional) KT4 8BX
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NEW THINGZ LTD Accountants' report
Accountants' report to the director of NEW THINGZ LTD on the preparation of the unaudited statutory accounts for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of NEW THINGZ LTD for the year ended 30 June 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of NEW THINGZ LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of NEW THINGZ LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than NEW THINGZ LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that NEW THINGZ LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of NEW THINGZ LTD. You consider that NEW THINGZ LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of NEW THINGZ LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Brown & Bam Associates 143 Pembury Avenue Worcester Park Surrey County (optional) KT4 8BX 28 March 2025
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NEW THINGZ LTD Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,485 
2,790 
Current assets
Debtors
739 
739 
Cash at bank and in hand
20 
571 
759 
1,310 
Creditors: amounts falling due within one year
(5,346)
(5,528)
Net current liabilities
(4,587)
(4,218)
Net liabilities
(3,102)
(1,428)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(3,103)
(1,429)
Shareholders' funds
(3,102)
(1,428)
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 March 2025 and were signed on its behalf by
Bukola Akintola Director Company Registration No. 12069638
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NEW THINGZ LTD Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
NEW THINGZ LTD is a private company, limited by shares, registered in England and Wales, registration number 12069638. The registered office is 21 Drummond Close, Hampton Gardens, Peterborough, England, PE7 8PY, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25
Fixtures & fittings
10
Computer equipment
25
Other tangible fixed assets
10
Going concern
The board of director(s) has a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future. For these reasons, the board decides to continue to adopt the going concern basis in preparing the financial statements for the company.
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NEW THINGZ LTD Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
600 
4,800 
5,400 
At 30 June 2024
600 
4,800 
5,400 
Depreciation
At 1 July 2023
300 
2,310 
2,610 
Charge for the year
150 
1,155 
1,305 
At 30 June 2024
450 
3,465 
3,915 
Net book value
At 30 June 2024
150 
1,335 
1,485 
At 30 June 2023
300 
2,490 
2,790 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
739 
739 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
4,148 
4,035 
Taxes and social security
898 
898 
Other creditors
- 
295 
Accruals
300 
300 
5,346 
5,528 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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