REGISTERED NUMBER: 05382516

NEWBRIDGE STRAW PRODUCTS LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

77,825

97,890

Tangible assets

5

999,552

958,198

1,077,377

1,056,088

CURRENT ASSETS

Stocks

196,657

215,389

Debtors

6

196,012

224,987

Investments

7

37,147

32,787

429,816

473,163

CREDITORS

Amounts falling due within one year

8

412,226

388,166

NET CURRENT ASSETS

17,590

84,997

TOTAL ASSETS LESS CURRENT LIABILITIES

1,094,967

1,141,085

CREDITORS

Amounts falling due after more than one year

9

(213,017

)

(173,147

)

PROVISIONS FOR LIABILITIES

(182,136

)

(195,634

)

NET ASSETS

699,814

772,304

CAPITAL AND RESERVES

Called up share capital

120

120

Retained earnings

699,694

772,184

SHAREHOLDERS' FUNDS

699,814

772,304

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2025 and were signed on its behalf by:

R J Heath - Director

1.	STATUTORY INFORMATION

Newbridge Straw Products Ltd is a private company limited by shares. The company is registered in England under number 05382516 and the address of the registered office is Newbridges Farm, Blackwell, Shipston-on-Stour, Warwickshire, CV36 4JX.

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.

Goodwill

Goodwill is stated at cost and is written off over its estimated useful life of 10 and 20 years on a straight line basis.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Buildings

-

2% on cost where provided

Plant and machinery

-

10% on reducing balance

Office equipment

-

20% on reducing balance

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 Profit and Loss Account, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

258,172

AMORTISATION

At 1 April 2024

160,282

Amortisation for year

20,065

At 31 March 2025

180,347

NET BOOK VALUE

At 31 March 2025

77,825

At 31 March 2024

97,890

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

26,033

1,796,603

1,822,636

Additions

154,894

-

154,894

Disposals

-

(23,449

)

(23,449

)

At 31 March 2025

180,927

1,773,154

1,954,081

DEPRECIATION

At 1 April 2024

7,898

856,540

864,438

Charge for year

3,619

92,334

95,953

Eliminated on disposal

-

(5,862

)

(5,862

)

At 31 March 2025

11,517

943,012

954,529

NET BOOK VALUE

At 31 March 2025

169,410

830,142

999,552

At 31 March 2024

18,135

940,063

958,198

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

446,489

Transfer to ownership

(124,600

)

At 31 March 2025

321,889

DEPRECIATION

At 1 April 2024

121,655

Charge for year

29,576

Transfer to ownership

(53,762

)

At 31 March 2025

97,469

NET BOOK VALUE

At 31 March 2025

224,420

At 31 March 2024

324,834

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

167,270

211,542

Other debtors

28,742

13,445

196,012

224,987

7.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Listed investments - General Investment Account

At Market Value

1 April 2024

32,787

26,294

Additions

5,605

31,351

Withdrawals

-

(28,402

)

Market value movement

(1,245

)

3,544

31 March 2025

37,147

32,787

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

76,793

92,264

Hire purchase contracts

58,899

72,449

Trade creditors

198,332

155,124

Taxation and social security

70,217

58,313

Other creditors

7,985

10,016

412,226

388,166

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

135,735

36,965

Hire purchase contracts

77,282

136,182

213,017

173,147

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

34,132

25,200

Hire purchase contracts

136,181

208,631

Bank loans

144,607

-

314,920

233,831

The bank loan and bank overdraft are secured over assets owned by shareholders.