Company Registration No. 11896923 (England and Wales)
Newbury Digital Limited
Unaudited accounts
for the year ended 31 March 2025
Newbury Digital Limited
Unaudited accounts
Contents
Newbury Digital Limited
Company Information
for the year ended 31 March 2025
Directors
Mark Howard
John Alexander Du Plessis Currie
Luigi Tricarico
Company Number
11896923 (England and Wales)
Registered Office
The Granary, Grange Farm
Long Lane, Shaw
Newbury
Berkshire
RG14 2TF
Newbury Digital Limited
Statement of financial position
as at 31 March 2025
Tangible assets
141,019
180,467
Cash at bank and in hand
142,956
84,088
Creditors: amounts falling due within one year
(219,013)
(159,887)
Net current assets
94,407
67,816
Total assets less current liabilities
235,426
248,283
Creditors: amounts falling due after more than one year
(150,000)
(164,097)
Provisions for liabilities
Deferred tax
(15,022)
(15,022)
Called up share capital
500
500
Profit and loss account
69,904
68,664
Shareholders' funds
70,404
69,164
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 April 2025 and were signed on its behalf by
John Alexander Du Plessis Currie
Director
Company Registration No. 11896923
Newbury Digital Limited
Notes to the Accounts
for the year ended 31 March 2025
Newbury Digital Limited is a private company, limited by shares, registered in England and Wales, registration number 11896923. The registered office is The Granary, Grange Farm, Long Lane, Shaw, Newbury, Berkshire, RG14 2TF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives, or if held under a finance lease, over the lease term, whichever is the shorter:
Plant & machinery
10% Straight Line
Motor vehicles
25% Reducing Balance
Fixtures & fittings
20% Straight Line
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Newbury Digital Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
235,000
77,732
26,185
338,917
At 31 March 2025
235,000
79,661
26,185
340,846
At 1 April 2024
101,500
33,802
23,148
158,450
Charge for the year
23,500
14,840
3,037
41,377
At 31 March 2025
125,000
48,642
26,185
199,827
At 31 March 2025
110,000
31,019
-
141,019
At 31 March 2024
133,500
43,930
3,037
180,467
Carrying values included above held under finance leases and hire purchase contracts:
£
£
Amounts falling due within one year
Trade debtors
98,998
120,064
Accrued income and prepayments
51,584
-
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
115,647
55,915
Taxes and social security
5,375
10,671
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
-
14,097
Other creditors
150,000
150,000
8
Average number of employees
During the year the average number of employees was 4 (2024: 3).