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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
Page
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Newnorm Events Ltd Company Information for the year ended 31 July 2024
Director
Y Jazakallah
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
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Newnorm Events Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
299,975 
299,975 
Tangible assets
34 
159 
300,009 
300,134 
Current assets
Debtors
45,560 
53,215 
Cash at bank and in hand
30,153 
51,420 
75,713 
104,635 
Creditors: amounts falling due within one year
(108,205)
(180,642)
Net current liabilities
(32,492)
(76,007)
Net assets
267,517 
224,127 
Capital and reserves
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
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Newnorm Events Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
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.
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 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.
Intangible fixed assets
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.
Research and development
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
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Newnorm Events Ltd Notes to the Accounts for the year ended 31 July 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 August 2023
299,975 
At 31 July 2024
299,975 
Amortisation
At 1 August 2023
- 
At 31 July 2024
- 
Net book value
At 31 July 2024
299,975 
At 31 July 2023
299,975 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2023
374 
At 31 July 2024
374 
Depreciation
At 1 August 2023
215 
Charge for the year
125 
At 31 July 2024
340 
Net book value
At 31 July 2024
34 
At 31 July 2023
159 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
805 
Other debtors
45,560 
52,410 
45,560 
53,215 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
58 
- 
Trade creditors
85,297 
85,292 
Loans from directors
22,500 
50,000 
Accruals
350 
45,350 
108,205 
180,642 
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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).
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