THE NEW ED COMPANY LIMITED

Company Registration Number:
13660615 (England and Wales)

Unaudited abridged accounts for the year ended 30 October 2024

Period of accounts

Start date: 01 November 2023

End date: 30 October 2024

THE NEW ED COMPANY LIMITED

Contents of the Financial Statements

for the Period Ended 30 October 2024

Balance sheet
Notes

THE NEW ED COMPANY LIMITED

Balance sheet

As at 30 October 2024


Notes
2024
2023


£
£
Fixed assets
Tangible assets: 3 2,585 3,139
Total fixed assets: 2,585 3,139
Current assets
Debtors:   3,782 1,547
Cash at bank and in hand: 111,073 148,696
Total current assets: 114,855 150,243
Creditors: amounts falling due within one year: 4 (351,089) (20,136)
Net current assets (liabilities): (236,234) 130,107
Total assets less current liabilities: (233,649) 133,246
Creditors: amounts falling due after more than one year: 5 (18,851)
Total net assets (liabilities): (252,500) 133,246
Capital and reserves
Called up share capital: 79 72
Share premium account: 660,525 342,627
Profit and loss account: (913,104) (209,453)
Shareholders funds: (252,500) 133,246

The notes form part of these financial statements

THE NEW ED COMPANY LIMITED

Balance sheet statements

For the year ending 30 October 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 October 2025
and signed on behalf of the board by:

Name: Mr L A Netherclift and Mr V F Balsara
Status: Director

The notes form part of these financial statements

THE NEW ED COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 30 October 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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

Tangible fixed assets and depreciation policy

Annual depreciation of computer equipment is calculated at 33.33% of cost to write off the cost of the asset, less its residual value, over its estimated useful economic lifetime.

Other accounting policies

Pensions - Contributions to defined contribution plans are recognised as an expenses in the period in which the related service is provided.

THE NEW ED COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 30 October 2024

2. Employees

2024 2023
Average number of employees during the period 5 5

THE NEW ED COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 30 October 2024

3. Tangible Assets

Total
Cost £
At 01 November 2023 4,062
Additions 930
At 30 October 2024 4,992
Depreciation
At 01 November 2023 923
Charge for year 1,484
At 30 October 2024 2,407
Net book value
At 30 October 2024 2,585
At 31 October 2023 3,139

THE NEW ED COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 30 October 2024

4. Creditors: amounts falling due within one year note

Year ending 2024 Trade creditors - Social security and other taxes 38,590 Accruals 2,250 Wages accrued 6,416 Fees received in advance 303,833 ------------ 351,089 ------------ Year ending 2023 Trade creditors 2,641 Social security and other taxes 12,147 Accruals 250 Wages accrued 5,098 Fees received in advance - ---------- 20,136 ---------- -

THE NEW ED COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 30 October 2024

5. Creditors: amounts falling due after more than one year note

Year ending 2024 Directors' loan accounts 18,851 Year ending 2023 Directors' loan accounts -