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Registered Number: 07616015
England and Wales
NEWROOMS (METHWOLD) LIMITED
Abridged Accounts
Period of accounts Start date: 01 April 2024 End date: 31 March 2025

Newrooms (Methwold) Limited Contents Page For the year ended 31 March 2025
Statement of financial position | 1

Newrooms (Methwold) Limited Statement of Financial Position As at 31 March 2025
|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ | £ |  | £ | £
Fixed assets |  |  | 24,496 |  |  | 33,630
Current assets |  | 275,569 |  |  | 237,562 |
Prepayments and accrued income |  | 17,967 |  |  | 714 |
Creditors: amount falling due within one year |  | (237,465) |  |  | (277,115) |
Net current assets |  |  | 56,071 |  |  | (38,839)
Total assets less current liabilities |  |  | 80,567 |  |  | (5,209)
Creditors: amount falling due after more than one year |  |  | (78,493) |  |  | (132,517)
Provisions for liabilities |  |  | 0 |  |  | (1,110)
Accruals and deferred income |  |  | (1,942) |  |  | 1
Net assets |  |  | 132 |  |  | (138,835)
Capital and reserves |  |  | 132 |  |  | (138,835)
NOTES TO THE ACCOUNTS General Information Newrooms (Methwold) Limited is a private company, limited by shares, registered in England and Wales, registration number 07616015, registration address Newrooms (Methwold) Ltd, The Workshops Brandon Road, Methwold, Thetford, IP26 4RJ. The presentation currency is £ sterling.
1. | Accounting policies Significant accounting policies Statement of compliance These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. Basis of preparation The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies. The financial statements are prepared in sterling which is the functional currency of the company. Going concern basis The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements. Turnover Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Operating lease rentals Rentals payable under operating leases are charged against income on a straight line basis over the lease term. Deferred taxation Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted. Tangible fixed assets Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment | 33% Straight Line
Fixtures and Fittings | 20% Reducing Balance
Motor Vehicles | 20% Reducing Balance
Provisions Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2. | Tangible fixed assets
Cost or valuation | Motor Vehicles |  | Fixtures and Fittings |  | Computer Equipment |  | Total
| £ |  | £ |  | £ |  | £
At 01 April 2024 | 34,336 |  | 74,404 |  | 10,170 |  | 118,910
Additions | - |  | - |  | - |  | -
Disposals | - |  | - |  | - |  | -
At 31 March 2025 | 34,336 |  | 74,404 |  | 10,170 |  | 118,910
Depreciation
At 01 April 2024 | 26,081 |  | 53,278 |  | 5,921 |  | 85,280
Charge for year | 1,651 |  | 4,225 |  | 3,258 |  | 9,134
On disposals | - |  | - |  | - |  | -
At 31 March 2025 | 27,732 |  | 57,503 |  | 9,179 |  | 94,414
Net book values
Closing balance as at 31 March 2025 | 6,604 |  | 16,901 |  | 991 |  | 24,496
Opening balance as at 01 April 2024 | 8,255 |  | 21,126 |  | 4,249 |  | 33,630
3. | Average number of employees including directors Average number of employees during the year was 8 (2024 : 14).
For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Director's Responsibilities: The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies. The members have agreed to the preparation of abridged accounts. The financial statements were approved by the director on 30 October 2025 and were signed by:
-------------------------------- Jamie Anderson Director
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