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Company Registration No. 7331299 (England and Wales)
Newsome Practice Ltd Unaudited accounts for the year ended 29 July 2024
Newsome Practice Ltd Statement of financial position as at 29 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
60,056 
70,065 
Tangible assets
97,507 
83,477 
157,563 
153,542 
Current assets
Inventories
2,250 
2,250 
Debtors
96,200 
44,000 
Cash at bank and in hand
46,680 
14,293 
145,130 
60,543 
Creditors: amounts falling due within one year
(96,933)
(15,526)
Net current assets
48,197 
45,017 
Total assets less current liabilities
205,760 
198,559 
Creditors: amounts falling due after more than one year
(4,561)
(4,561)
Net assets
201,199 
193,998 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
201,099 
193,898 
Shareholders' funds
201,199 
193,998 
For the year ending 29 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 April 2025 and were signed on its behalf by
Dr Muhammad Ikram Jan Director Company Registration No. 7331299
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Newsome Practice Ltd Notes to the Accounts for the year ended 29 July 2024
1
Statutory information
Newsome Practice Ltd is a private company, limited by shares, registered in England and Wales, registration number 7331299. The registered office is 9 Church Lane, Newsome, Huddersfiled, HD4 6JE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% on cost
Plant & machinery
15% on Reducing balance
Fixtures & fittings
20% on Reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Total 
£ 
Cost
At 30 July 2023
200,182 
At 29 July 2024
200,182 
Amortisation
At 30 July 2023
130,117 
Charge for the year
10,009 
At 29 July 2024
140,126 
Net book value
At 29 July 2024
60,056 
At 29 July 2023
70,065 
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Newsome Practice Ltd Notes to the Accounts for the year ended 29 July 2024
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 30 July 2023
171,379 
Additions
25,000 
At 29 July 2024
196,379 
Depreciation
At 30 July 2023
87,902 
Charge for the year
10,970 
At 29 July 2024
98,872 
Net book value
At 29 July 2024
97,507 
At 29 July 2023
83,477 
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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