New World Consultancy Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 04285829

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS

CURRENT ASSETS
Debtors	5	2,314		15,200
Cash at bank and in hand		3,421		3,074

		5,735		18,274
Creditors: Amounts Falling Due Within One Year	6	221		(12,650 )

NET CURRENT ASSETS (LIABILITIES)			5,956		5,624

TOTAL ASSETS LESS CURRENT LIABILITIES			5,956		5,624

Creditors: Amounts Falling Due After More Than One Year	7		(2,972 )		(4,605 )

NET ASSETS			2,984		1,019

CAPITAL AND RESERVES
Called up share capital			100		100
Profit and Loss Account			2,884		919

SHAREHOLDERS' FUNDS			2,984		1,019

For the year ending 31 March 2025 the company was entitled to exemption from audit 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.

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 I J Knighton

Director

29 December 2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

New World Consultancy Limited is a private company, limited by shares, incorporated in England & Wales.

The address of its registered office is:

76 Canterbury Road

Croydon

Surrey

CR0 3HA

England

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are sare shown at fair value.

The financial statements are presented in Pound Sterling, which is the functional currency of the company.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006

2.2. Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services ordinary course of the company's activities. Turnover is shown net of value added tax.

The company recognises revenue when:

i. The amount of revenue can be reliably measured;

ii. it is probable that future economic benefits will flow to the entity;

iii. and specific criteria have been met for each of the company's activities.

In respect of long term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not involved. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Fixtures & Fittings

33% Straight Line Method

2.4. Taxation

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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New World Consultancy Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.5. Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 April 2024	4,958

As at 31 March 2025	4,958

Depreciation
As at 1 April 2024	4,958

As at 31 March 2025	4,958

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	-

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	1,050	780
Corporation tax recoverable assets	225	3,537
Directors' loan accounts	1,039	10,883

	2,314	15,200

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	1,580	1,580
Corporation tax	(2,851 )	3,832
VAT	-	5,798
Accruals and deferred income	1,050	1,440

	(221 )	12,650

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New World Consultancy Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Loans and borrowings	2,972	4,605

8. Related Party Transactions

Other transactions with directors

Mr I J Knighton and Mrs RA Knighton (Directors and Shareholders)

At the balance sheet date the amount due (from)/to Mr I J Knighton and Mrs R A Knighton was (£1,039)

(2024: (£10,883)).

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