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Registered number: 04743115
Newbuild Decorating Contractors Limited
Unaudited Financial Statements
For The Year Ended 30 April 2025
Clouders (Audit & Accounts) Ltd
Charter House, 103-105 Leigh Road
Leigh-On-Sea
Essex
SS9 1JL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04743115
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 8,530 11,162
Investment Properties 5 700,000 -
708,530 11,162
CURRENT ASSETS
Stocks 6 - 514,117
Debtors 7 15,232 20,304
Cash at bank and in hand 6,066 33,698
21,298 568,119
Creditors: Amounts Falling Due Within One Year 8 (244,617 ) (278,489 )
NET CURRENT ASSETS (LIABILITIES) (223,319 ) 289,630
TOTAL ASSETS LESS CURRENT LIABILITIES 485,211 300,792
Creditors: Amounts Falling Due After More Than One Year 9 (1,316 ) (11,506 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (45,663 ) (735 )
NET ASSETS 438,232 288,551
CAPITAL AND RESERVES
Called up share capital 10 104 104
Fair value reserve 11 135,077 -
Profit and Loss Account 303,051 288,447
SHAREHOLDERS' FUNDS 438,232 288,551
Page 1
Page 2
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr William Glover
Director
22/12/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Newbuild Decorating Contractors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04743115 . The registered office is Charter House, 105 Leigh Road, Leigh On Sea, Essex, SS9 1JL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Corporation tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost or Valuation
As at 1 May 2024 15,424 34,486 5,447 11,957 67,314
Additions - - 169 - 169
As at 30 April 2025 15,424 34,486 5,616 11,957 67,483
Depreciation
As at 1 May 2024 11,363 31,390 4,821 8,578 56,152
Provided during the period 1,015 774 167 845 2,801
As at 30 April 2025 12,378 32,164 4,988 9,423 58,953
Net Book Value
As at 30 April 2025 3,046 2,322 628 2,534 8,530
As at 1 May 2024 4,061 3,096 626 3,379 11,162
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5. Investment Property
2025
£
Fair Value
As at 1 May 2024 -
Additions 519,898
Revaluations 180,102
As at 30 April 2025 700,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost 519,898 -
During the year, the company changed its intention regarding a property under development. The property was initially held for sale, and costs incurred were recorded as work in progress within current assets. 
During the year, the company decided to retain the property and let it out, and accordingly, it has been reclassified as an investment property under fixed assets. 
6. Stocks
2025 2024
£ £
Work in progress - 514,117
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 13,675 16,023
Other debtors 1,250 1,250
VAT 307 3,031
15,232 20,304
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8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1,357 3,117
Bank loans and overdrafts 10,000 10,000
Corporation tax 3,667 587
Other taxes and social security 25 151
Accrued expenses 2,913 2,980
Director's loan account 226,655 261,654
244,617 278,489
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 1,316 11,506
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 104 104
11. Reserves
Fair Value Reserve
£
Transfer to profit and loss 135,077
As at 30 April 2025 135,077
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