REGISTERED NUMBER: 06681748 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2024

for

Newlook PVC Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R C Sutcliffe

Mrs V L Sutcliffe

REGISTERED OFFICE:

Units 32-34 Royds Enterprise Park

Future Fields

Wibsey

Bradford

West Yorkshire

BD6 3EW

REGISTERED NUMBER:

06681748 (England and Wales)

FIXED ASSETS

Tangible assets

4

4,425

6,587

CURRENT ASSETS

Stocks

203,102

171,074

Debtors

5

122,133

195,826

Cash at bank and in hand

65,087

72,211

390,322

439,111

CREDITORS

Amounts falling due within one year

6

285,624

291,759

NET CURRENT ASSETS

104,698

147,352

TOTAL ASSETS LESS CURRENT LIABILITIES

109,123

153,939

CREDITORS

Amounts falling due after more than one year

7

(59,457

)

(72,077

)

PROVISIONS FOR LIABILITIES

(841

)

(1,251

)

NET ASSETS

48,825

80,611

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

48,725

80,511

SHAREHOLDERS' FUNDS

48,825

80,611

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

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

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2025 and were signed on its behalf by:

Mrs V L Sutcliffe - Director

1.	STATUTORY INFORMATION

Newlook PVC 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Plant and machinery

-

25% reducing balance

Fixtures and fittings

-

25% reducing balance

Computer equipment

-

33% 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 Income Statement, 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.

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 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 September 2023

and 31 August 2024

1,260

8,042

8,958

3,116

21,376

DEPRECIATION

At 1 September 2023

1,238

6,695

4,371

2,485

14,789

Charge for year

22

362

1,147

631

2,162

At 31 August 2024

1,260

7,057

5,518

3,116

16,951

NET BOOK VALUE

At 31 August 2024

-

985

3,440

-

4,425

At 31 August 2023

22

1,347

4,587

631

6,587

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

20,540

167,593

Other debtors

1,500

3,706

New Look Trade Frames Loan

21,377

21,377

Prepayments and accrued income

75,216

-

Prepayments

3,500

3,150

122,133

195,826

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

61,692

46,724

Trade creditors

171,033

144,484

Tax

14,849

36,048

Social security and other taxes

(2,458

)

9,510

VAT

6,610

41,384

Other creditors

26,037

618

Directors' loan accounts

3,661

4,111

Accrued expenses

4,200

8,880

285,624

291,759

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

-

24,993

Bank loans - 2-5 years

59,457

47,084

59,457

72,077

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

121,149

118,801

The bank borrowings are secured by a personal guarantee from the directors.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

2024

2023

£

£

R C Sutcliffe and Mrs V L Sutcliffe

Balance outstanding at start of year

(4,111

)

(3,535

)

Amounts advanced

1,800

981

Amounts repaid

-

(1,557

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(2,311

)

(4,111

)

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R C Sutcliffe.