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COMPANY REGISTRATION NUMBER: 13675871
NEWGRANGE CONSULTANTS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 December 2024
NEWGRANGE CONSULTANTS LIMITED
STATEMENT OF FINANCIAL POSITION
31 December 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
84
431
CURRENT ASSETS
Debtors
6
42,482
35,448
Cash at bank and in hand
30,048
48,594
--------
--------
72,530
84,042
CREDITORS: amounts falling due within one year
7
54,308
61,285
--------
--------
NET CURRENT ASSETS
18,222
22,757
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
18,306
23,188
--------
--------
NET ASSETS
18,306
23,188
--------
--------
CAPITAL AND RESERVES
Called up share capital fully paid
100
100
Profit and loss account
18,206
23,088
--------
--------
SHAREHOLDERS FUNDS
18,306
23,188
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
NEWGRANGE CONSULTANTS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 17 April 2025 , and are signed on behalf of the board by:
Mr G Dobson
Director
Company registration number: 13675871
NEWGRANGE CONSULTANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Headlands House, 1 Kings Court, Kettering Parkway, Kettering, Northamptonshire, NN15 6WJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
33% straight line
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. TANGIBLE ASSETS
Equipment
£
Cost
At 1 January 2024 and 31 December 2024
1,042
-------
Depreciation
At 1 January 2024
611
Charge for the year
347
-------
At 31 December 2024
958
-------
Carrying amount
At 31 December 2024
84
-------
At 31 December 2023
431
-------
6. DEBTORS
2024
2023
£
£
Trade debtors
36,970
25,200
Other debtors
5,512
10,248
--------
--------
42,482
35,448
--------
--------
7. CREDITORS: amounts falling due within one year
2024
2023
£
£
Corporation tax
8,591
15,408
Social security and other taxes
2,479
7,515
Other creditors
43,238
38,362
--------
--------
54,308
61,285
--------
--------
8. RELATED PARTY TRANSACTIONS
The directors have made loans to the company. As at 31 December 2024 £41,205 (2023 - £36,987) was owing from the company.