Newserve Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 10738061 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2025

FOR

NEWSERVE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr I J Clatworthy

REGISTERED OFFICE:

Little Orchard

Coedkernew

Newport

NP10 8UD

REGISTERED NUMBER:

10738061 (England and Wales)

ACCOUNTANTS:

Aspen Waite Limited

Chartered Accountants

Rubis House

15 Friarn Street

Bridgwater

Somerset

TA6 3LH

FIXED ASSETS

Tangible assets

4

79,455

79,740

CURRENT ASSETS

Stocks

10,000

-

Debtors

5

1,200

4,350

Cash at bank

6

3,851

11,206

8,201

CREDITORS

Amounts falling due within one year

6

(67,237

)

(134,489

)

NET CURRENT LIABILITIES

(56,031

)

(126,288

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

23,424

(46,548

)

CREDITORS

Amounts falling due after more than one year

7

(136,339

)

(41,495

)

NET LIABILITIES

(112,915

)

(88,043

)

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

(112,916

)

(88,044

)

(112,915

)

(88,043

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 6th May 2026 and were signed by:

Mr I J Clatworthy - Director

1.	STATUTORY INFORMATION

Newserve Ltd 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.

GOING CONCERN NOTE

These accounts have been prepared on the going concern basis, on the understanding that the sister company Clat Agri Ltd will continue to financially support the company during this uncertain period.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

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

Plant and machinery

-

at varying rates on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

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 Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

COST

At 1st May 2024

203,858

2,000

52,391

258,249

Additions

18,000

-

18,000

At 30th April 2025

221,858

2,000

52,391

276,249

DEPRECIATION

At 1st May 2024

127,897

2,000

48,612

178,509

Charge for year

14,506

-

3,779

18,285

At 30th April 2025

142,403

2,000

52,391

196,794

NET BOOK VALUE

At 30th April 2025

79,455

-

79,455

At 30th April 2024

75,961

-

3,779

79,740

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/25

30/4/24

£

Trade debtors

-

4,350

Other debtors

1,200

-

1,200

4,350

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/25

30/4/24

£

Bank loans and overdrafts

6,256

3,750

Hire purchase contracts

9,169

29,084

Trade creditors

4,450

33,324

Social security and other taxes

23,708

15,847

VAT

22,135

34,581

Other creditors

-

13,533

Directors' current accounts

321

1,731

Accruals and deferred income

1,198

2,639

67,237

134,489

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30/4/25

30/4/24

£

Bank loans due 1-2 years

3,750

Bank loans due 2-5 years

11,250

Bank loans more 5 yr by instal

5,285

9,035

Hire purchase contracts

4,281

17,460

Other creditors

111,773

-

136,339

41,495

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

5,285

9,035