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Registered number: 07669766

Newton Newton Flag & Banner Makers Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/12/2024

Prepared By:
Greenhalgh Johnson Ltd
Accountants
Ellland House
22 High Street, Burgh le Marsh
Skegness
Lincolnshire
PE24 5JT

Newton Newton Flag & Banner Makers Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/12/2024
DIRECTORS
Selina Claire Newton
Tracy Elaine Turner
REGISTERED OFFICE
The Bishop Tozer's Chapel
Middlemarsh Road, Burgh le Marsh
Skegness
Lincolnshire
PE24 5AD
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07669766
ACCOUNTANTS
Greenhalgh Johnson Ltd
Accountants
Ellland House
22 High Street, Burgh le Marsh
Skegness
Lincolnshire
PE24 5JT

Newton Newton Flag & Banner Makers Ltd

ACCOUNTS
FOR THEYEARENDED31/12/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Newton Newton Flag & Banner Makers Ltd

BALANCE SHEET AT 31/12/2024
20242023
Notes££
FIXED ASSETS
Intangible assets27,00014,000
Tangible assets37,1549,511
14,15423,511
CURRENT ASSETS
Stock1,0481,664
Debtors56,66015,558
Cash at bank and in hand36,55727,153
44,26544,375
CREDITORS: Amounts falling due within one year629,80133,551
NET CURRENT ASSETS14,46410,824
TOTAL ASSETS LESS CURRENT LIABILITIES28,61834,335
CREDITORS: Amounts falling due after more than one year75,6858,590
PROVISIONS FOR LIABILITIES AND CHARGES91,3591,807
NET ASSETS21,57423,938
CAPITAL AND RESERVES
Called up share capital10100100
Profit and loss account21,47423,838
SHAREHOLDERS' FUNDS21,57423,938
For the year ending 31/12/2024 the company was entitled to exemption 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 02/07/2025 and signed on their behalf by
.............................
Selina Claire Newton
Director

Newton Newton Flag & Banner Makers Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Goodwill
Goodwill arising in connection with the acquisition of a business has been capitalised and is being amortised over its estimated economic life of 10 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
1f. Government Grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating relating to an asset is deferred, it is recognised as deferred income.

Newton Newton Flag & Banner Makers Ltd

2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/01/202470,00070,000
At 31/12/202470,00070,000
Depreciation
At 01/01/202456,00056,000
For the year7,0007,000
At 31/12/202463,00063,000
Net Book Amounts
At 31/12/20247,0007,000
At 31/12/202314,00014,000
3. TANGIBLE FIXED ASSETS
Fixtures
and FittingsTotal
££
Cost
At 01/01/202432,75132,751
Additions572572
At 31/12/202433,32333,323
Depreciation
At 01/01/202423,24023,240
For the year2,9292,929
At 31/12/202426,16926,169
Net Book Amounts
At 31/12/20247,1547,154
At 31/12/20239,5119,511
4. STOCK 20242023
££
Stock comprises:
Stock1,0481,664
1,0481,664

Newton Newton Flag & Banner Makers Ltd

5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors6,43715,299
Prepayments223259
6,66015,558
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax8,33811,575
VAT10,3619,726
PAYE control357255
Salaries and wages control1,318-
Pension control58-
Directors current account Newton763,404
Directors current account Turner761,482
BB Loan2,8602,815
Trade creditors4,0991,934
Accruals2,2582,360
29,80133,551
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
BB Loan >1yr5,6858,590
5,6858,590
8. EMPLOYEES
20242023
No.No.
Average number of employees55

Newton Newton Flag & Banner Makers Ltd

9. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation1,3591,807
1,3591,807
10. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1.00 each100100
100100