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REGISTERED NUMBER: 01659733 (England and Wales)














REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

NEWPORT CONTAINER VALET LIMITED

NEWPORT CONTAINER VALET LIMITED (REGISTERED NUMBER: 01659733)






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




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Statement of Changes in Equity 5

Notes to the Financial Statements 6


NEWPORT CONTAINER VALET LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: P Williams
S Williams
N E Williams
D F Williams





REGISTERED OFFICE: 118 Medway Road
Bettws
Newport
South Wales
NP20 7XT





REGISTERED NUMBER: 01659733 (England and Wales)





ACCOUNTANTS: Arthur Gait & Company Limited
Chartered Certified Accountants
18 Gold Tops
Newport
NP20 5WJ

NEWPORT CONTAINER VALET LIMITED (REGISTERED NUMBER: 01659733)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 NOVEMBER 2024

The directors present their report with the financial statements of the company for the year ended 30 November 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 December 2023 to the date of this report.

P Williams
S Williams
N E Williams
D F Williams

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





N E Williams - Director


20 March 2025

NEWPORT CONTAINER VALET LIMITED (REGISTERED NUMBER: 01659733)

INCOME STATEMENT
FOR THE YEAR ENDED 30 NOVEMBER 2024

2024 2023
Notes £    £   

TURNOVER 961,855 1,131,138

Cost of sales 668,033 703,273
GROSS PROFIT 293,822 427,865

Administrative expenses 160,804 159,825
OPERATING PROFIT and
PROFIT BEFORE TAXATION 133,018 268,040

Tax on profit 31,681 65,017
PROFIT FOR THE FINANCIAL YEAR 101,337 203,023

NEWPORT CONTAINER VALET LIMITED (REGISTERED NUMBER: 01659733)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 70,949 76,300

CURRENT ASSETS
Stocks 139,681 110,028
Debtors 7 201,880 189,360
Cash at bank and in hand 206,670 291,212
548,231 590,600
CREDITORS
Amounts falling due within one year 8 98,326 161,945
NET CURRENT ASSETS 449,905 428,655
TOTAL ASSETS LESS CURRENT
LIABILITIES

520,854

504,955

PROVISIONS FOR LIABILITIES 17,737 18,775
NET ASSETS 503,117 486,180

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 503,017 486,080
SHAREHOLDERS' FUNDS 503,117 486,180

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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2025 and were signed on its behalf by:




P Williams - Director


NEWPORT CONTAINER VALET LIMITED (REGISTERED NUMBER: 01659733)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 NOVEMBER 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 December 2022 100 329,457 329,557

Changes in equity
Dividends - (46,400 ) (46,400 )
Total comprehensive income - 203,023 203,023
Balance at 30 November 2023 100 486,080 486,180

Changes in equity
Dividends - (84,400 ) (84,400 )
Total comprehensive income - 101,337 101,337
Balance at 30 November 2024 100 503,017 503,117

NEWPORT CONTAINER VALET LIMITED (REGISTERED NUMBER: 01659733)

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

1. STATUTORY INFORMATION

Newport Container Valet 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.

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
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.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Stock and work in progress are valued at the lower of cost and net realisable value.

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.

Leasing commitments
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 12 (2023 - 13 ) .

NEWPORT CONTAINER VALET LIMITED (REGISTERED NUMBER: 01659733)

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

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 16,569 13,141

5. DIVIDENDS
2024 2023
£    £   
Ordinary shares of £1 each
Interim 84,400 46,400

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023 191,993
Additions 16,900
Disposals (13,750 )
At 30 November 2024 195,143
DEPRECIATION
At 1 December 2023 115,693
Charge for year 16,569
Eliminated on disposal (8,068 )
At 30 November 2024 124,194
NET BOOK VALUE
At 30 November 2024 70,949
At 30 November 2023 76,300

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 193,348 181,822
Other debtors 8,532 7,538
201,880 189,360

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 40,228 53,853
Taxation and social security 53,231 100,225
Other creditors 4,867 7,867
98,326 161,945

NEWPORT CONTAINER VALET LIMITED (REGISTERED NUMBER: 01659733)

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

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 35,000 -
Between one and five years - 119,000
35,000 119,000