Registered number
02411468
New Century (U.K.) Limited
Filleted Accounts
31 October 2024
New Century (U.K.) Limited
Registered number: 02411468
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 376 788
Cash at bank and in hand 10 30
386 818
Creditors: amounts falling due within one year 4 (389) (841)
Net current liabilities (3) (23)
Net liabilities (3) (23)
Capital and reserves
Called up share capital 2 2
Profit and loss account (5) (25)
Shareholders' funds (3) (23)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Jane Richardson
Director
Approved by the board on 24 July 2025
New Century (U.K.) Limited
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2024 2023
£ £
Trade debtors 376 788
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 5 104
Other creditors 384 737
389 841
5 Other information
New Century (U.K.) Limited is a private company limited by shares and incorporated in England. Its registered office is:
324 Old Bedford Road
Luton
Bedfordshire
LU2 7EJ
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