REGISTERED NUMBER: 11674155 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

NEWTON SCIENCE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

Mr J Robson

Mr L J Millar

Registered office:

Unit 1

Swift Business Park

Creek Way

Rainham

Essex

RM13 8LE

Registered number:

11674155 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

Fixed assets

Intangible assets

4

111

291

Tangible assets

5

21,073

24,014

21,184

24,305

Current assets

Stocks

76,590

96,596

Debtors

6

91,444

88,784

Cash at bank

8,387

4,909

176,421

190,289

Creditors

Amounts falling due within one year

7

265,494

230,917

Net current liabilities

(89,073

)

(40,628

)

Total assets less current liabilities

(67,889

)

(16,323

)

Creditors

Amounts falling due after more than one year

8

31,990

39,232

Net liabilities

(99,879

)

(55,555

)

Capital and reserves

Called up share capital

11

100

100

Retained earnings

(99,979

)

(55,655

)

Shareholders' funds

(99,879

)

(55,555

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 15 January 2026 and were signed on its behalf by:

Mr L J Millar - Director

1.	Statutory information

Newton Science Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

over the length of the lease

Plant and machinery

-

10% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Going concern

Although the company has net liabilities, the director will continue to support the company for the next 12 months, and is confident that the company will be profitable in the future years. The accounts have therefore been prepared on a going concern basis.

3.	Employees and directors

The average number of employees during the year was 6 (2023 - 6 ) .

4.	Intangible fixed assets

Computer

software

£

Cost

At 1 January 2024

and 31 December 2024

900

Amortisation

At 1 January 2024

609

Amortisation for year

180

At 31 December 2024

789

Net book value

At 31 December 2024

111

At 31 December 2023

291

5.	Tangible fixed assets

Fixtures

Improvements

Plant and

and

Computer

to property

machinery

fittings

equipment

Totals

£

£

£

£

£

Cost

At 1 January 2024

17,628

18,708

252

3,292

39,880

Additions

-

1,523

-

-

1,523

At 31 December 2024

17,628

20,231

252

3,292

41,403

Depreciation

At 1 January 2024

8,014

5,550

232

2,070

15,866

Charge for year

1,763

2,023

20

658

4,464

At 31 December 2024

9,777

7,573

252

2,728

20,330

Net book value

At 31 December 2024

7,851

12,658

-

564

21,073

At 31 December 2023

9,614

13,158

20

1,222

24,014

6.

Debtors

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

6,852

24,147

Other debtors

84,592

64,592

91,444

88,739

Amounts falling due after more than one year:

Other debtors

-

45

Aggregate amounts

91,444

88,784

7.

Creditors: amounts falling due within one year

2024

2023

£

£

Bank loans and overdrafts

7,243

7,243

Trade creditors

218,417

171,317

Taxation and social security

16,674

12,075

Other creditors

23,160

40,282

265,494

230,917

8.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Bank loans

31,989

39,232

Other creditors

1

-

31,990

39,232

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

3,018

10,261

9.	Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

54,000

40,000

Between one and five years

229,500

170,000

283,500

210,000

10.	Deferred tax

£

Balance at 1 January 2024

(3,703

)

Provided during year

(1,565

)

Balance at 31 December 2024

(5,268

)

11.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

50

Ordinary A

£1

50

50

50

Ordinary B

£1

50

50

100

100

12.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Mr J Robson and Mr L J Millar

Balance outstanding at start of year

15,111

(3,518

)

Amounts advanced

26,668

115,799

Amounts repaid

(16,903

)

(97,170

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

24,876

15,111

Amounts advanced to the directors by the company are subject to interest payable at a rate of 2.25% (2024 - 2.5%), and are repayable upon demand.