Registration number: 12229812

Newhouse Building Supplies Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 6

Newhouse Building Supplies Limited

(Registration number: 12229812)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	183,183	155,875
Current assets
Stocks	5	153,442	180,445
Debtors	6	123,898	111,722
Cash at bank and in hand		168,423	91,123
		445,763	383,290
Creditors: Amounts falling due within one year	7	(276,875)	(157,177)
Net current assets		168,888	226,113
Total assets less current liabilities		352,071	381,988
Creditors: Amounts falling due after more than one year	7	(11,053)	(10,363)
Provisions for liabilities		(45,796)	(38,969)
Net assets		295,222	332,656
Capital and reserves
Called up share capital	8	300	300
Retained earnings		294,922	332,356
Shareholders' funds		295,222	332,656

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 September 2025 and signed on its behalf by:
 

......................................... M T Etheridge Director

Newhouse Building Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
60 Newland Street
Coleford
Gloucestershire
GL16 8AL
United Kingdom

These financial statements were authorised for issue by the Board on 4 September 2025.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Newhouse Building Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant & machinery	15% straight line
Motor vehicles	25% straight line
Office Equipment	25% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
 Recognition and measurement
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

Newhouse Building Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

4	Tangible assets

	Plant and machinery £	Office Equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2024	139,566	3,214	72,094	214,874
Additions	36,053	-	39,250	75,303
Disposals	-	-	(23,491)	(23,491)
At 31 December 2024	175,619	3,214	87,853	266,686
Depreciation
At 1 January 2024	34,802	1,499	22,698	58,999
Charge for the year	18,723	772	22,138	41,633
Eliminated on disposal	-	-	(17,129)	(17,129)
At 31 December 2024	53,525	2,271	27,707	83,503
Carrying amount
At 31 December 2024	122,094	943	60,146	183,183
At 31 December 2023	104,764	1,715	49,396	155,875

Newhouse Building Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

5

Stocks

	2024 £	2023 £
Stocks and work in progress	153,442	180,445

6

Debtors

Current	2024 £	2023 £
Trade debtors	121,963	111,622
Prepayments	-	100
Other debtors	1,935	-
	123,898	111,722

7

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
HP creditor		11,806	5,003
Trade creditors		118,914	28,741
Taxation and social security		14,515	41,435
Accruals and deferred income		103,220	53,578
Other creditors		28,420	28,420
		276,875	157,177

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
HP creditor		11,053	10,363

Newhouse Building Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

8	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £1 each	300	300	300	300