Company registration number: 03452521
Unaudited financial statements
for the year ended 5 April 2025
for
New Start
(company limited by guarantee)
Pages for filing with the Registrar
Company registration number: 03452521
New Start
(company limited by guarantee)
Balance sheet
as at 5 April 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 377,302 390,210
377,302 390,210
Current assets
Debtors 413,637 591,210
Cash at bank and in hand 2,240,208 1,272,037
2,653,845 1,863,247
Creditors: amounts falling due within one
year 		(551,556) (296,707)
Net current assets 2,102,289 1,566,540
Total assets less current liabilities 2,479,591 1,956,750
Creditors: Amounts falling due after more
than one year 		5 (287,724) (297,179)
NET ASSETS 2,191,867 1,659,571
Reserves
Income and expenditure account 2,191,867 1,659,571
TOTAL RESERVES 2,191,867 1,659,571
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 5 April 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 03452521
New Start
(company limited by guarantee)
Balance sheet - continued
as at 5 April 2025
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 and expenditure account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 12 September 2025 and signed on its behalf by:
Mr A Baynes, Director
12 September 2025
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New Start
(company limited by guarantee)
Notes to the financial statements
for the year ended 5 April 2025
1 Company information
New Start is a private company registered in England and Wales. Its registered number is 03452521. The company is limited by guarantee. Its registered office is New Start Ltd, 179 Townsend Lane, Liverpool, Merseyside, L13 9DY.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Freehold property -
Plant and machinery etc.:
Improvements to property - 33% reducing balance
Plant and machinery - 33% reducing balance
Fixtures & fittings - 33% reducing balance
Motor vehicles - 33% reducing balance
Computer equipment - 25% reducing balance
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New Start
(company limited by guarantee)
Notes to the financial statements - continued
for the year ended 5 April 2025
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Income and expenditure account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to income and expenditure in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 198 (2024 - 209).
4 Tangible fixed assets
Land and
buildings 		Plant and
machinery
etc. 		Totals
£ £ £
Cost
At 6 April 2024 350,179 945,260 1,295,439
Disposals - (9,478) (9,478)
At 5 April 2025 350,179 935,782 1,285,961
Depreciation
At 6 April 2024 - 905,229 905,229
Charge for year - 12,908 12,908
Eliminated on disposal - (9,478) (9,478)
At 5 April 2025 - 908,659 908,659
Net book value
At 5 April 2025 350,179 27,123 377,302
At 5 April 2024 350,179 40,031 390,210
5 Creditors: amounts falling due after more than five years
2025 2024
£ £
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New Start
(company limited by guarantee)
Notes to the financial statements - continued
for the year ended 5 April 2025
5 Creditors: amounts falling due after more than five years - continued
2025 2024
£ £
Repayable by instalments
Bank loans 212,836 222,291
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