IRIS Accounts Production v24.3.2.46 12957165 Board of Directors Board of Directors 1.11.23 31.10.24 31.10.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh129571652023-10-31129571652024-10-31129571652023-11-012024-10-31129571652022-10-31129571652022-11-012023-10-31129571652023-10-3112957165ns15:EnglandWales2023-11-012024-10-3112957165ns14:PoundSterling2023-11-012024-10-3112957165ns10:Director12023-11-012024-10-3112957165ns10:Director22023-11-012024-10-3112957165ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3112957165ns10:SmallEntities2023-11-012024-10-3112957165ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3112957165ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3112957165ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3112957165ns10:FullAccounts2023-11-012024-10-3112957165ns5:CurrentFinancialInstruments2024-10-3112957165ns5:CurrentFinancialInstruments2023-10-3112957165ns5:ShareCapital2024-10-3112957165ns5:ShareCapital2023-10-3112957165ns5:RetainedEarningsAccumulatedLosses2024-10-3112957165ns5:RetainedEarningsAccumulatedLosses2023-10-3112957165ns10:RegisteredOffice2023-11-012024-10-3112957165ns5:FurnitureFittings2023-11-012024-10-3112957165ns5:ComputerEquipment2023-11-012024-10-3112957165ns5:FurnitureFittings2023-10-3112957165ns5:ComputerEquipment2023-10-3112957165ns5:FurnitureFittings2024-10-3112957165ns5:ComputerEquipment2024-10-3112957165ns5:FurnitureFittings2023-10-3112957165ns5:ComputerEquipment2023-10-3112957165ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3112957165ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-31
REGISTERED NUMBER: 12957165 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 October 2024

for

New World Selling Ltd

New World Selling Ltd (Registered number: 12957165)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


New World Selling Ltd (Registered number: 12957165)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,097 1,491

CURRENT ASSETS
Debtors 5 25,642 7,201
Cash at bank 22,364 31,010
48,006 38,211
CREDITORS
Amounts falling due within one year 6 33,643 23,657
NET CURRENT ASSETS 14,363 14,554
TOTAL ASSETS LESS CURRENT LIABILITIES 18,460 16,045

PROVISIONS FOR LIABILITIES 595 -
NET ASSETS 17,865 16,045

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 17,665 15,845
SHAREHOLDERS' FUNDS 17,865 16,045

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:




Mr A S Lowndes - Director



Mr B D Thompson - Director


New World Selling Ltd (Registered number: 12957165)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

New World Selling Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12957165

Registered office: 89 Manchester Road
Wilmslow
Cheshire
SK9 2JQ

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

New World Selling Ltd (Registered number: 12957165)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2023 1,000 3,362 4,362
Additions 3,715 415 4,130
At 31 October 2024 4,715 3,777 8,492
DEPRECIATION
At 1 November 2023 578 2,293 2,871
Charge for year 1,034 490 1,524
At 31 October 2024 1,612 2,783 4,395
NET BOOK VALUE
At 31 October 2024 3,103 994 4,097
At 31 October 2023 422 1,069 1,491

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 25,642 7,201

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 25,368 13,424
Other creditors 8,275 10,233
33,643 23,657