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REGISTERED NUMBER: 12295233 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

NEWTECHWOOD DISTRIBUTION UK LTD

NEWTECHWOOD DISTRIBUTION UK LTD (REGISTERED NUMBER: 12295233)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2024




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


NEWTECHWOOD DISTRIBUTION UK LTD (REGISTERED NUMBER: 12295233)

ABRIDGED BALANCE SHEET
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 133,870 104,450

CURRENT ASSETS
Stocks 889,232 618,913
Debtors 617,478 314,529
Cash at bank and in hand 1,573,848 1,207,994
3,080,558 2,141,436
CREDITORS
Amounts falling due within one year 1,526,010 1,223,202
NET CURRENT ASSETS 1,554,548 918,234
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,688,418

1,022,684

CREDITORS
Amounts falling due after more than one
year

(83,430

)

(97,554

)

PROVISIONS FOR LIABILITIES (25,435 ) (19,846 )
NET ASSETS 1,579,553 905,284

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,579,453 905,184
1,579,553 905,284

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

NEWTECHWOOD DISTRIBUTION UK LTD (REGISTERED NUMBER: 12295233)

ABRIDGED BALANCE SHEET - continued
30 November 2024



The financial statements were approved by the Board of Directors and authorised for issue on 11 April 2025 and were signed on its behalf by:





M J Foster - Director


NEWTECHWOOD DISTRIBUTION UK LTD (REGISTERED NUMBER: 12295233)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Newtechwood Distribution UK Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12295233

Registered office: Biz Hub Melton Court
Gibson Lane
North Ferriby
HU14 3HH

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 and revenue recognition
Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

NEWTECHWOOD DISTRIBUTION UK LTD (REGISTERED NUMBER: 12295233)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2023 119,372
Additions 61,990
At 30 November 2024 181,362
DEPRECIATION
At 1 December 2023 14,922
Charge for year 32,570
At 30 November 2024 47,492
NET BOOK VALUE
At 30 November 2024 133,870
At 30 November 2023 104,450

NEWTECHWOOD DISTRIBUTION UK LTD (REGISTERED NUMBER: 12295233)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 December 2023
and 30 November 2024 119,372
DEPRECIATION
At 1 December 2023 14,922
Charge for year 26,113
At 30 November 2024 41,035
NET BOOK VALUE
At 30 November 2024 78,337
At 30 November 2023 104,450

5. SECURED DEBTS

The following secured debts are included within creditors:

30.11.24 30.11.23
£    £   
Factoring Account 274,957 221,043

There is a floating charge covering all the property or undertaking of the company on the above debt.

6. ULTIMATE CONTROLLING PARTY

The company is controlled by Marc Foster and Christopher Frew.