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Registered number: 02594299
John Newman Bodyworks Ltd
ACCOUNTS
FOR THE YEAR ENDED 31/12/2024
Prepared By:
Anstee Gorst
Unit 4 Eaton Court
Colmworth Business Park
Eaton Socon
Cambridgeshire
PE19 8ER
John Newman Bodyworks Ltd
ACCOUNTS
FOR THE YEAR ENDED 31/12/2024
DIRECTORS
John Newman
Kathryn Newman
Michael Allen
Gareth Newman
SECRETARY
Kathryn Newman
REGISTERED OFFICE
8 Mill Hill
Potton Road
Gamlingay Sandy
Beds
SG19 3LW
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 02594299
ACCOUNTANTS
Anstee Gorst
Unit 4 Eaton Court
Colmworth Business Park
Eaton Socon
Cambridgeshire
PE19 8ER
John Newman Bodyworks 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-
John Newman Bodyworks Ltd
BALANCE SHEET AT 31/12/2024
20242023
Notes££
FIXED ASSETS
Tangible assets2985,868910,410
CURRENT ASSETS
Stock182,400161,400
Debtors4376,646353,800
Cash at bank and in hand799,588815,047
1,358,6341,330,247
CREDITORS: Amounts falling due within one year5382,957380,068
NET CURRENT ASSETS975,677950,179
TOTAL ASSETS LESS CURRENT LIABILITIES1,961,5451,860,589
PROVISIONS FOR LIABILITIES AND CHARGES742,37139,164
NET ASSETS1,919,1741,821,425
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account1,919,0741,821,325
SHAREHOLDERS' FUNDS1,919,1741,821,425
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 11/09/2025 and signed on their behalf by
.............................
Gareth Newman
Director
John Newman Bodyworks 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.
Short Leasehold Propertiesreducing balance over period of lease%
Plant and Machineryreducing balance 20%
Equipmentreducing balance 20%
Motor Carsreducing balance 25%
1c. Investment Properties
Investment properties are included in the financial statements at fair value. Gains are recognised in the profit and loss account. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.
1d. 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.
1e. 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.
1f.
John Newman Bodyworks Ltd
2. TANGIBLE FIXED ASSETS
InvestmentShort LeaseholdPlant and
PropertiesPropertiesMachineryEquipmentMotor CarsTotal
££££££
Cost
At 01/01/2024300,000502,069690,755114,152576,3612,183,337
Additions-56,06285,4771,51637,600180,655
At 31/12/2024300,000558,131776,232115,668613,9612,363,992
Depreciation
At 01/01/2024-297,450445,49796,937433,0431,272,927
For the year-11,52255,5153,51934,641105,197
At 31/12/2024-308,972501,012100,456467,6841,378,124
Net Book Amounts
At 31/12/2024300,000249,159275,22015,212146,277985,868
At 31/12/2023300,000204,619245,25817,215143,318910,410
3. STOCK 20242023
££
Stock comprises:
Stocks and work in progress182,400161,400
182,400161,400
4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors372,228348,201
Salaries and wages control-333
Other debtors-700
Prepayments4,4184,566
376,646353,800
John Newman Bodyworks Ltd
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax28,73534,363
VAT52,21984,723
PAYE control29,93734,420
Salaries and wages control1-
Trade creditors195,742159,401
Other creditors60,05533,009
Pension schemes-3,252
Accruals16,26830,900
382,957380,068
6. EMPLOYEES
20242023
No.No.
Average number of employees2932
7. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation42,37139,164
42,37139,164
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
9. CONTROLLING PARTY
During the year the company was controlled by John Newman a Director of the company
John Newman Bodyworks Ltd
10. COMMITMENTS