Registered number: 8302555 | ||||||||
FOR THE YEAR ENDED 30 NOVEMBER 2024 | ||||||||
Prepared By: | ||||||||
Tobin Associates Limited |
NEWCO 500 LIMITED | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30 NOVEMBER 2024 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 8302555 | ||||||||
ACCOUNTANTS | ||||||||
Tobin Associates Limited |
NEWCO 500 LIMITED | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED30 NOVEMBER 2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
NEWCO 500 LIMITED | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 4 | ( | ||||||||
Cash at bank and in hand | ||||||||||
356,908 | 464,972 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT ASSETS | 34,702 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 19,331 | 25,308 | |||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Profit and loss account | 4,742 | 12,647 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
NEWCO 500 LIMITED | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 30 NOVEMBER 2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Plant and Machinery | reducing balance 25% |
1c. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. |
1d. Taxation | ||||||||
Corporation tax payable is provided on taxable profits at the current rates. |
NEWCO 500 LIMITED | ||||||||
2. TANGIBLE FIXED ASSETS | ||||
Plant and | ||||
Machinery | Total | |||
£ | £ | |||
Cost | ||||
At 1 December 2023 | 39,822 | 39,822 | ||
Additions | 676 | 676 | ||
At 30 November 2024 | 40,498 | 40,498 | ||
Depreciation | ||||
At 1 December 2023 | 36,469 | 36,469 | ||
For the year | 1,007 | 1,007 | ||
At 30 November 2024 | 37,476 | 37,476 | ||
Net Book Amounts | ||||
At 30 November 2024 | 3,022 | |||
At 30 November 2023 | 3,353 | |||
3. STOCK | 2024 | 2023 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock and work in progress | ||||||
4. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 42,606 | (105,044) | ||||||
VAT | 41,411 | 14,530 | ||||||
Other debtors | 29,269 | 29,269 | ||||||
Directors current account | 4,984 | 4,038 | ||||||
118,270 | (57,207) | |||||||
NEWCO 500 LIMITED | ||||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | 41,545 | 44,474 | ||||||
PAYE control | 835 | 1,124 | ||||||
Salaries and wages control | 1,598 | 1,430 | ||||||
Trade creditors | 282,205 | 374,418 | ||||||
Accruals | 9,574 | 8,824 | ||||||
335,757 | 430,270 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Bank loans | 19,331 | 25,308 | ||||||
19,331 | 25,308 | |||||||
This represents an interest free loan to the company by Directors to support the company's operations for the foreseeable future. | ||||||||
7. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 7 | |||||
8. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||