Company Registration No. 12732331 (England and Wales)
Newnorm Events Ltd
Unaudited accounts
for the year ended 31 July 2024
Newnorm Events Ltd
Unaudited accounts
Contents
Newnorm Events Ltd
Company Information
for the year ended 31 July 2024
Company Number
12732331 (England and Wales)
Registered Office
2 Frederick Street
London
London
WC1X 0ND
England
Accountants
Valuemaven Business Services (UK) Limited
7 Lita Mews
Romford
London
RM1 3FG
Newnorm Events Ltd
Statement of financial position
as at 31 July 2024
Intangible assets
299,975
299,975
Cash at bank and in hand
30,153
51,420
Creditors: amounts falling due within one year
(108,205)
(180,642)
Net current liabilities
(32,492)
(76,007)
Net assets
267,517
224,127
Called up share capital
102,000
102,000
Share premium
198,000
198,000
Profit and loss account
(32,483)
(75,873)
Shareholders' funds
267,517
224,127
For the year ending 31 July 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 his 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 10 April 2025 and were signed on its behalf by
Y Jazakallah
Director
Company Registration No. 12732331
Newnorm Events Ltd
Notes to the Accounts
for the year ended 31 July 2024
Newnorm Events Ltd is a private company, limited by shares, registered in England and Wales, registration number 12732331. The registered office is 2 Frederick Street, London, London, WC1X 0ND, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover and Rendering of services
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Software development costs are not being amortised. Upon project completion, these are reclassified to computer software at which time
they will be amortised along with the policy in place at such time.
Expenditure on research and development is written off in the year in which it is incurred.
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:
Computer equipment
33.33% Straight Line
Newnorm Events Ltd
Notes to the Accounts
for the year ended 31 July 2024
4
Intangible fixed assets
Other
5
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Accrued income and prepayments
-
805
Other debtors
45,560
52,410
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
85,297
85,292
Loans from directors
22,500
50,000
Newnorm Events Ltd
Notes to the Accounts
for the year ended 31 July 2024
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).