IRIS Accounts Production v25.1.3.33 07523283 director 1.3.24 28.2.25 28.2.25 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh075232832024-02-29075232832025-02-28075232832024-03-012025-02-28075232832023-02-28075232832023-03-012024-02-29075232832024-02-2907523283ns15:EnglandWales2024-03-012025-02-2807523283ns14:PoundSterling2024-03-012025-02-2807523283ns10:Director12024-03-012025-02-2807523283ns10:PrivateLimitedCompanyLtd2024-03-012025-02-2807523283ns10:SmallEntities2024-03-012025-02-2807523283ns10:AuditExemptWithAccountantsReport2024-03-012025-02-2807523283ns10:SmallCompaniesRegimeForDirectorsReport2024-03-012025-02-2807523283ns10:SmallCompaniesRegimeForAccounts2024-03-012025-02-2807523283ns10:FullAccounts2024-03-012025-02-2807523283ns10:RegisteredOffice2024-03-012025-02-2807523283ns5:CurrentFinancialInstruments2025-02-2807523283ns5:CurrentFinancialInstruments2024-02-2907523283ns5:Non-currentFinancialInstruments2025-02-2807523283ns5:Non-currentFinancialInstruments2024-02-2907523283ns5:ShareCapital2025-02-2807523283ns5:ShareCapital2024-02-2907523283ns5:RevaluationReserve2025-02-2807523283ns5:RevaluationReserve2024-02-2907523283ns5:CapitalRedemptionReserve2025-02-2807523283ns5:CapitalRedemptionReserve2024-02-2907523283ns5:OwnedOrFreeholdAssetsns5:LandBuildings2024-03-012025-02-2807523283ns5:PlantMachinery2024-03-012025-02-2807523283ns5:FurnitureFittings2024-03-012025-02-2807523283ns5:MotorVehicles2024-03-012025-02-2807523283ns5:LandBuildings2024-02-2907523283ns5:PlantMachinery2024-02-2907523283ns5:FurnitureFittings2024-02-2907523283ns5:MotorVehicles2024-02-2907523283ns5:LandBuildings2024-03-012025-02-2807523283ns5:LandBuildings2025-02-2807523283ns5:PlantMachinery2025-02-2807523283ns5:FurnitureFittings2025-02-2807523283ns5:MotorVehicles2025-02-2807523283ns5:LandBuildings2024-02-2907523283ns5:PlantMachinery2024-02-2907523283ns5:FurnitureFittings2024-02-2907523283ns5:MotorVehicles2024-02-2907523283ns5:CurrentFinancialInstrumentsns5:WithinOneYear2025-02-2807523283ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2907523283ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2025-02-2807523283ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2907523283ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2025-02-2807523283ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-02-2907523283ns5:HirePurchaseContracts2025-02-2807523283ns5:HirePurchaseContracts2024-02-29
REGISTERED NUMBER: 07523283 (England and Wales)











NEW AGE SHUTTERS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

28 FEBRUARY 2025






NEW AGE SHUTTERS LTD (REGISTERED NUMBER: 07523283)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 28 February 2025




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4

Chartered accountants' report 7

NEW AGE SHUTTERS LTD

COMPANY INFORMATION
for the year ended 28 February 2025







DIRECTOR: A Allsop





REGISTERED OFFICE: Shutter House
Endeavour Park
West Malling
Kent
ME19 5SH





REGISTERED NUMBER: 07523283 (England and Wales)





ACCOUNTANTS: Berringers LLP
Chartered Accountants
Lygon House
50 London Road
Bromley
Kent
BR1 3RA

NEW AGE SHUTTERS LTD (REGISTERED NUMBER: 07523283)

BALANCE SHEET
28 February 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 840,832 851,675

CURRENT ASSETS
Stocks 123,955 58,556
Debtors 5 485,921 437,820
Cash at bank and in hand 877,820 370,183
1,487,696 866,559
CREDITORS
Amounts falling due within one year 6 489,934 418,316
NET CURRENT ASSETS 997,762 448,243
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,838,594

1,299,918

CREDITORS
Amounts falling due after more than one year 7 (251,548 ) (195,739 )

PROVISIONS FOR LIABILITIES (79,889 ) (79,889 )
NET ASSETS 1,507,157 1,024,290

CAPITAL AND RESERVES
Called up share capital 169 169
Revaluation reserve 42,208 42,208
Capital redemption reserve 31 31
Retained earnings 1,464,749 981,882
1,507,157 1,024,290

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

NEW AGE SHUTTERS LTD (REGISTERED NUMBER: 07523283)

BALANCE SHEET - continued
28 February 2025


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 19 June 2025 and were signed by:





A Allsop - Director


NEW AGE SHUTTERS LTD (REGISTERED NUMBER: 07523283)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 28 February 2025

1. STATUTORY INFORMATION

New Age Shutters Ltd 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.

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.
Freehold property - not provided
Plant & equipment - 25% straight line
Fixtures, fittings & equipment - 20% straight line and Straight line over 3 years
Motor vehicles - 25% straight line

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

NEW AGE SHUTTERS LTD (REGISTERED NUMBER: 07523283)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2025

2. ACCOUNTING POLICIES - continued

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 15 (2024 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
Freehold Plant & fittings Motor
property equipment & equipment vehicles Totals
£    £    £    £    £   
COST
At 1 March 2024 520,000 399,868 164,175 224,617 1,308,660
Additions - 13,094 - 155,075 168,169
Disposals - - - (125,097 ) (125,097 )
At 28 February 2025 520,000 412,962 164,175 254,595 1,351,732
DEPRECIATION
At 1 March 2024 - 173,893 129,137 160,211 463,241
Charge for year - 76,733 13,392 56,374 146,499
Eliminated on disposal - - - (98,840 ) (98,840 )
At 28 February 2025 - 250,626 142,529 117,745 510,900
NET BOOK VALUE
At 28 February 2025 520,000 162,336 21,646 136,850 840,832
At 29 February 2024 520,000 225,975 35,038 64,406 845,419

Freehold property with a cost of £477,792 was revalued by the directors on 28 February 2018 in the sum of £520,000 on the basis of market value and recent market transactions on arm's length terms for similar properties.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 431,056 385,551
Other debtors 54,865 52,269
485,921 437,820

NEW AGE SHUTTERS LTD (REGISTERED NUMBER: 07523283)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 22,309 22,309
Hire purchase contracts (see note 8) 8,812 -
Trade creditors 25,689 41,383
Taxation and social security 281,908 130,954
Other creditors 151,216 223,670
489,934 418,316

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 175,727 195,739
Hire purchase contracts (see note 8) 75,821 -
251,548 195,739

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025 2024
£    £   
Net obligations repayable:
Within one year 8,812 -
Between one and five years 75,821 -
84,633 -

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
NEW AGE SHUTTERS LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of New Age Shutters Ltd for the year ended 28 February 2025 which comprise the Statement of income and retained earnings, Balance sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of New Age Shutters Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of New Age Shutters Ltd and state those matters that we have agreed to state to the director of New Age Shutters Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than New Age Shutters Ltd and its director for our work or for this report.

It is your duty to ensure that New Age Shutters Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of New Age Shutters Ltd. You consider that New Age Shutters Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of New Age Shutters Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Berringers LLP
Chartered Accountants
Lygon House
50 London Road
Bromley
Kent
BR1 3RA


19 June 2025