REGISTERED NUMBER: 06852254

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

NEW APPROACH CONTRACTORS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D J Hollamby

B J Hollamby

Mrs S Hollamby

REGISTERED OFFICE:

Unit 16

Pickhill Business Centre

Small Hythe Road

Tenterden

Kent

TN30 7LZ

REGISTERED NUMBER:

06852254

ACCOUNTANTS:

Galloways Accounting (Bexhill) Limited

23 St Leonards Road

Bexhill On Sea

East Sussex

TN40 1HH

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

474,087

507,198

474,087

507,198

CURRENT ASSETS

Stocks

261,792

386,405

Debtors

6

1,507,061

1,378,172

Cash at bank

264,664

275,353

2,033,517

2,039,930

CREDITORS

Amounts falling due within one year

7

(617,175

)

(510,096

)

NET CURRENT ASSETS

1,416,342

1,529,834

TOTAL ASSETS LESS CURRENT LIABILITIES

1,890,429

2,037,032

CREDITORS

Amounts falling due after more than one year

8

(381,975

)

(104,375

)

PROVISIONS FOR LIABILITIES

(54,643

)

(74,038

)

NET ASSETS

1,453,811

1,858,619

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,453,711

1,858,519

1,453,811

1,858,619

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

D J Hollamby - Director

1.	STATUTORY INFORMATION

New Approach Contractors Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

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 each asset over its estimated useful life.

Land and buildings

-

over the term of the lease

Plant and machinery etc

-

20% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

15,000

AMORTISATION

At 1 April 2024

and 31 March 2025

15,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

218,094

781,248

999,342

Additions

40,590

1,643

42,233

At 31 March 2025

258,684

782,891

1,041,575

DEPRECIATION

At 1 April 2024

-

492,144

492,144

Charge for year

8,118

67,226

75,344

At 31 March 2025

8,118

559,370

567,488

NET BOOK VALUE

At 31 March 2025

250,566

223,521

474,087

At 31 March 2024

218,094

289,104

507,198

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

614,790

999,886

Amounts owed by associates

491,088

-

Other debtors

401,183

378,286

1,507,061

1,378,172

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

25,500

20,772

Hire purchase contracts (see note 9)

45,572

59,405

Trade creditors

511,553

375,237

Taxation and social security

27,800

48,182

Other creditors

6,750

6,500

617,175

510,096

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

346,261

23,089

Hire purchase contracts (see note 9)

35,714

81,286

381,975

104,375

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

45,572

59,405

Between one and five years

35,714

81,286

81,286

140,691

Non-cancellable

operating leases

2025

2024

£

£

Within one year

8,496

-

Between one and five years

7,788

-

16,284

-

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within debtors is an amount due from a director. The movements on the loan during the financial year were as follows: the opening balance was £250,111, with repayments during the year of £16,014. The closing balance for the period leaves £ 234,097 outstanding at the balance sheet date.

The loan is repayable on demand and interest of 2.25% is being charged.