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REGISTERED NUMBER: 02163328 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

NEW CENTURY MACHINERY LIMITED

NEW CENTURY MACHINERY LIMITED (REGISTERED NUMBER: 02163328)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


NEW CENTURY MACHINERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTORS: Mr S E Sutton
Mr J G Froggatt



SECRETARY: Mr S E Sutton



REGISTERED OFFICE: 123 Wellington Road South
Stockport
Cheshire
SK1 3TH



REGISTERED NUMBER: 02163328 (England and Wales)



ACCOUNTANTS: Allens Accountants Limited
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH



BANKERS: The Royal Bank of Scotland plc
38 Mosley Street
Manchester
M60 2BE

NEW CENTURY MACHINERY LIMITED (REGISTERED NUMBER: 02163328)

BALANCE SHEET
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 115 143

CURRENT ASSETS
Stocks 156,175 156,175
Debtors 5 198 187
Cash at bank 11,431 10,425
167,804 166,787
CREDITORS
Amounts falling due within one year 6 1,743 456
NET CURRENT ASSETS 166,061 166,331
TOTAL ASSETS LESS CURRENT
LIABILITIES

166,176

166,474

CREDITORS
Amounts falling due after more than one
year

7

591,235

581,235
NET LIABILITIES (425,059 ) (414,761 )

CAPITAL AND RESERVES
Called up share capital 8 559,168 559,168
Share premium 247,500 247,500
Retained earnings (1,231,727 ) (1,221,429 )
SHAREHOLDERS' FUNDS (425,059 ) (414,761 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

NEW CENTURY MACHINERY LIMITED (REGISTERED NUMBER: 02163328)

BALANCE SHEET - continued
30TH SEPTEMBER 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 Board of Directors and authorised for issue on 20th June 2025 and were signed on its behalf by:




Mr J G Froggatt - Director



Mr S E Sutton - Director


NEW CENTURY MACHINERY LIMITED (REGISTERED NUMBER: 02163328)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

1. STATUTORY INFORMATION

New Century Machinery Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - over the period of the lease
Plant and machinery etc - 33% on cost, 20% on reducing balance and 15% on reducing balance

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

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.

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 NIL (2023 - NIL).

NEW CENTURY MACHINERY LIMITED (REGISTERED NUMBER: 02163328)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st October 2023
and 30th September 2024 146,229 120,024 266,253
DEPRECIATION
At 1st October 2023 146,229 119,881 266,110
Charge for year - 28 28
At 30th September 2024 146,229 119,909 266,138
NET BOOK VALUE
At 30th September 2024 - 115 115
At 30th September 2023 - 143 143

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 118 118
Other debtors 80 69
198 187

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,267 (1 )
Other creditors 21 21
Accruals and deferred income 455 436
1,743 456

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Charter (Machine Tools) Ltd 95,617 90,617
J Froggatt Ltd 95,618 90,618
Redeemable preference shares 400,000 400,000
591,235 581,235

NEW CENTURY MACHINERY LIMITED (REGISTERED NUMBER: 02163328)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

The loans to Charter (Machine Tools) Ltd and J Froggatt Ltd are free from interest.

The redeemable preference shares have the following rights;

a) as to income and voting the shares rank pari passu with the ordinary shares;

b) in a winding up they are entitled to repayment of capital in preference to any other shares, but they are not entitled to any surplus thereafter; and

c) the company or the shareholder of the redeemable shares may, at any time, redeem any redeemable share at par and in the case of a partial redemption by the company, redemption shall be proportionately in respect of each holding of redeemable shares.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
559,168 Ordinary £1 559,168 559,168