IRIS Accounts Production v24.3.2.46 05041726 director 1.5.23 30.4.24 30.4.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh050417262023-04-30050417262024-04-30050417262023-05-012024-04-30050417262022-04-30050417262022-05-012023-04-30050417262023-04-3005041726ns15:EnglandWales2023-05-012024-04-3005041726ns14:PoundSterling2023-05-012024-04-3005041726ns10:Director12023-05-012024-04-3005041726ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3005041726ns10:SmallEntities2023-05-012024-04-3005041726ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3005041726ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3005041726ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3005041726ns10:FullAccounts2023-05-012024-04-3005041726ns10:OrdinaryShareClass12023-05-012024-04-3005041726ns10:CompanySecretary12023-05-012024-04-3005041726ns10:RegisteredOffice2023-05-012024-04-3005041726ns5:CurrentFinancialInstruments2024-04-3005041726ns5:CurrentFinancialInstruments2023-04-3005041726ns5:Non-currentFinancialInstruments2024-04-3005041726ns5:Non-currentFinancialInstruments2023-04-3005041726ns5:ShareCapital2024-04-3005041726ns5:ShareCapital2023-04-3005041726ns5:RetainedEarningsAccumulatedLosses2024-04-3005041726ns5:RetainedEarningsAccumulatedLosses2023-04-3005041726ns5:FurnitureFittings2023-05-012024-04-3005041726ns5:ComputerEquipment2023-05-012024-04-3005041726ns5:FurnitureFittings2023-04-3005041726ns5:ComputerEquipment2023-04-3005041726ns5:FurnitureFittings2024-04-3005041726ns5:ComputerEquipment2024-04-3005041726ns5:FurnitureFittings2023-04-3005041726ns5:ComputerEquipment2023-04-3005041726ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3005041726ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3005041726ns5:CurrentFinancialInstruments2023-05-012024-04-3005041726ns10:OrdinaryShareClass12024-04-30050417261ns10:Director12023-04-30050417261ns10:Director12022-04-30050417261ns10:Director12023-05-012024-04-30050417261ns10:Director12022-05-012023-04-30050417261ns10:Director12024-04-30050417261ns10:Director12023-04-30
REGISTERED NUMBER: 05041726 (England and Wales)















NEWAY SURVEYORS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






NEWAY SURVEYORS LIMITED (REGISTERED NUMBER: 05041726)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NEWAY SURVEYORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Mr P J Notaro





SECRETARY: Mrs M Cassandro





REGISTERED OFFICE: 23 Hampden Square
Southgate
London
N14 5JP





REGISTERED NUMBER: 05041726 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
3rd Floor
Marlborough House
298 Regents Park Road
Finchley
London
N3 2SZ

NEWAY SURVEYORS LIMITED (REGISTERED NUMBER: 05041726)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 135 179

CURRENT ASSETS
Debtors 5 9,768 4,772
Cash at bank - 10,708
9,768 15,480
CREDITORS
Amounts falling due within one year 6 7,749 8,439
NET CURRENT ASSETS 2,019 7,041
TOTAL ASSETS LESS CURRENT LIABILITIES 2,154 7,220

CREDITORS
Amounts falling due after more than one year 7 (3,510 ) (6,447 )

PROVISIONS FOR LIABILITIES (25 ) (85 )
NET (LIABILITIES)/ASSETS (1,381 ) 688

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (1,481 ) 588
SHAREHOLDERS' FUNDS (1,381 ) 688

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 April 2025 and were signed by:





Mr P J Notaro - Director


NEWAY SURVEYORS LIMITED (REGISTERED NUMBER: 05041726)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Neway Surveyors 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
At the balance sheet date the company had net current liabilities of £1,381. The director has indicated that he will continue to support the company, and provide funds if required, until such time as the company is trading as a going concern.This support will continue for a period of at least twelve months from the date of approval of these financial statements.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating amortisation. A full line by line review of intangible assets is carried out by management regularly. Whilst every attempt is made to ensure that the amortisation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the intangible assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 creditors is classified as basic financial instruments and measured at initial recognition at transaction price. Creditors are subsequently measured at amortised cost using the effective interest rate method.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are integral part of the company’s cash management.

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.


NEWAY SURVEYORS LIMITED (REGISTERED NUMBER: 05041726)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Goodwill
Goodwill, being the amount paid in connection with the incorporation of a business in 2012, is being amortised evenly over its estimated useful life of eight years.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 1,624 8,310 9,934
DEPRECIATION
At 1 May 2023 1,595 8,160 9,755
Charge for year 7 37 44
At 30 April 2024 1,602 8,197 9,799
NET BOOK VALUE
At 30 April 2024 22 113 135
At 30 April 2023 29 150 179

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 9,768 4,772

NEWAY SURVEYORS LIMITED (REGISTERED NUMBER: 05041726)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,709 3,195
Trade creditors - 1,087
Taxation and social security - 2,117
Other creditors 2,040 2,040
7,749 8,439

Bank loans and overdrafts is secured by way of fixed and floating charge over the company's assets and undertaking.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 3,510 6,447

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Mr P J Notaro
Balance outstanding at start of year 4,772 7,563
Amounts advanced 21,342 19,719
Amounts repaid (16,346 ) (22,510 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,768 4,772

The director's loan from the company was repaid within nine months from the year end date.