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REGISTERED NUMBER: 05729912 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

NEWNES LIMITED

NEWNES LIMITED (REGISTERED NUMBER: 05729912)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


NEWNES LIMITED (REGISTERED NUMBER: 05729912)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,356 30,939

CURRENT ASSETS
Stocks 8,000 8,000
Debtors 5 288,199 292,311
Cash at bank 641,667 619,128
937,866 919,439
CREDITORS
Amounts falling due within one year 6 49,737 30,934
NET CURRENT ASSETS 888,129 888,505
TOTAL ASSETS LESS CURRENT
LIABILITIES

910,485

919,444

PROVISIONS FOR LIABILITIES 6,200 7,700
NET ASSETS 904,285 911,744

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 904,185 911,644
SHAREHOLDERS' FUNDS 904,285 911,744

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

NEWNES LIMITED (REGISTERED NUMBER: 05729912)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 June 2025 and were signed by:





E Tranter - Director


NEWNES LIMITED (REGISTERED NUMBER: 05729912)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Newnes Limited is a private company, limited by shares, registered in England and Wales, registered number 05729912. Its registered office is Admiral House, Waterfront East, Brierley Hill, West Midlands, DY5 1XG.

The financial statements are presented in Sterling, which is the functional currency of the company.

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.
Improvements to property - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

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

Financial instruments
Basic financial liabilities, including trade and other debtors and creditors, bank loans and other loans are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


NEWNES LIMITED (REGISTERED NUMBER: 05729912)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued
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.

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 7 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 69,590 3,487 14,000 5,649 92,726
Disposals - - (6,500 ) - (6,500 )
At 31 December 2024 69,590 3,487 7,500 5,649 86,226
DEPRECIATION
At 1 January 2024 45,984 2,605 7,549 5,649 61,787
Charge for year 4,721 176 741 - 5,638
Eliminated on disposal - - (3,555 ) - (3,555 )
At 31 December 2024 50,705 2,781 4,735 5,649 63,870
NET BOOK VALUE
At 31 December 2024 18,885 706 2,765 - 22,356
At 31 December 2023 23,606 882 6,451 - 30,939

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 121,856 120,790
Other debtors 166,343 171,521
288,199 292,311

NEWNES LIMITED (REGISTERED NUMBER: 05729912)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 5,808 (26,661 )
Taxation and social security 39,683 54,771
Other creditors 4,246 2,824
49,737 30,934

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 16,000 16,000
Between one and five years 64,000 64,000
In more than five years 53,333 69,333
133,333 149,333

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £64,000 (2023 - £49,000) were paid to the director .