REGISTERED NUMBER: 07818271 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Newman Textiles Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C P Newman

REGISTERED OFFICE:

Suites 5 & 6 The Printworks

Hey Road

Barrow

Clitheroe

Lancashire

BB7 9WB

REGISTERED NUMBER:

07818271 (England and Wales)

ACCOUNTANTS:

Bennett Kirkhope Smith

Chartered Certified Accountants

Suites 5 & 6 The Printworks

Hey Road

Barrow

Clitheroe

Lancashire

BB7 9WB

FIXED ASSETS

Tangible assets

4

63,564

66,591

Investments

5

142,250

142,250

205,814

208,841

CURRENT ASSETS

Debtors

6

622,396

545,502

CREDITORS

Amounts falling due within one year

7

30,748

19,970

NET CURRENT ASSETS

591,648

525,532

TOTAL ASSETS LESS CURRENT LIABILITIES

797,462

734,373

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

797,362

734,273

SHAREHOLDERS' FUNDS

797,462

734,373

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 director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 October 2025 and were signed by:

C P Newman - Director

1.	STATUTORY INFORMATION

Newman Textiles 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.

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.

Land and buildings

-

4% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 April 2024

and 31 March 2025

75,672

DEPRECIATION

At 1 April 2024

9,081

Charge for year

3,027

At 31 March 2025

12,108

NET BOOK VALUE

At 31 March 2025

63,564

At 31 March 2024

66,591

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

142,250

NET BOOK VALUE

At 31 March 2025

142,250

At 31 March 2024

142,250

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Amount due from subsidiary

621,240

523,012

Directors' current accounts

-

21,165

Prepayments

1,156

1,325

622,396

545,502

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Corporation tax

21,041

19,531

Directors' current accounts

9,271

-

Accrued expenses

436

439

30,748

19,970

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

C P Newman

Balance outstanding at start of year

21,165

(200

)

Amounts advanced

53,726

105,990

Amounts repaid

(74,891

)

(84,625

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

21,165

Interest at approved beneficial loan rates has been paid on the loan.

The loan was repaid on 6 April 2024.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C P Newman.