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REGISTERED NUMBER: 11077941 (England and Wales)


Financial Statements for the Year Ended 30 November 2024

for

Newport Local Food & Wine Ltd

Newport Local Food & Wine Ltd (Registered number: 11077941)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Newport Local Food & Wine Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTOR: Mr Inderpal Singh





REGISTERED OFFICE: Bridge House
9 - 13 Holbrook Lane
Coventry
West Midlands
CV6 4AD





REGISTERED NUMBER: 11077941 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Newport Local Food & Wine Ltd (Registered number: 11077941)

Statement of Financial Position
30 November 2024

30.11.24 30.11.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 25,000 25,000
Property, plant and equipment 5 20,978 27,971
45,978 52,971

CURRENT ASSETS
Inventories 23,455 18,568
Debtors 6 17,691 875
Cash at bank and in hand 6,096 5,098
47,242 24,541
CREDITORS
Amounts falling due within one year 7 90,262 85,152
NET CURRENT LIABILITIES (43,020 ) (60,611 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,958

(7,640

)

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 2,957 (7,641 )
SHAREHOLDERS' FUNDS 2,958 (7,640 )

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 director acknowledges his 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.

Newport Local Food & Wine Ltd (Registered number: 11077941)

Statement of Financial Position - continued
30 November 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 9 May 2025 and were signed by:





Mr Inderpal Singh - Director


Newport Local Food & Wine Ltd (Registered number: 11077941)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Newport Local Food & Wine Ltd 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 represents net sales of invoiced goods and services excluding Value Added Tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

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

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 25,000
NET BOOK VALUE
At 30 November 2024 25,000
At 30 November 2023 25,000

Newport Local Food & Wine Ltd (Registered number: 11077941)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 December 2023
and 30 November 2024 54,242
DEPRECIATION
At 1 December 2023 26,271
Charge for year 6,993
At 30 November 2024 33,264
NET BOOK VALUE
At 30 November 2024 20,978
At 30 November 2023 27,971

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 17,550 -
Other debtors 141 875
17,691 875

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade creditors 26,573 2,113
Taxation and social security 7,575 3,478
Other creditors 56,114 79,561
90,262 85,152

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
1 Ordinary £1 1 1