Newland Engineering Company Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00717462 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2026

FOR

NEWLAND ENGINEERING COMPANY LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L Kerfoot

M C Holland

SECRETARY:

L Kerfoot

REGISTERED OFFICE:

Broadway Industrial Estate

Hyde

Cheshire

SK14 4RE

REGISTERED NUMBER:

00717462 (England and Wales)

ACCOUNTANTS:

Moss & Williamson Limited

Chartered Accountants

3 Mellor Road

Cheadle Hulme

Cheadle

Cheshire

SK8 5AT

FIXED ASSETS

Intangible assets

5

1,337

1,996

Tangible assets

6

57,673

73,539

59,010

75,535

CURRENT ASSETS

Stocks

499,316

824,337

Debtors

598,087

185,954

Cash at bank and in hand

16,161

70,054

1,113,564

1,080,345

CREDITORS

Amounts falling due within one year

(657,324

)

(564,181

)

NET CURRENT ASSETS

456,240

516,164

TOTAL ASSETS LESS CURRENT
LIABILITIES

515,250

591,699

CREDITORS

Amounts falling due after more than one
year

(21,980

)

(74,393

)

PROVISIONS FOR LIABILITIES

9

(14,418

)

(18,385

)

ACCRUALS AND DEFERRED INCOME

(1,351

)

(1,609

)

NET ASSETS

477,501

497,312

CAPITAL AND RESERVES

Called up share capital

1,440

Capital redemption reserve

1,562

Retained earnings

474,499

494,310

SHAREHOLDERS' FUNDS

477,501

497,312

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2026 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2026 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2026 and were signed on its behalf by:

L Kerfoot - Director

1.	STATUTORY INFORMATION

Newland Engineering Company 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.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

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 items.

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2025 - 24 ) .

5.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2025

and 30 April 2026

19,581

AMORTISATION

At 1 May 2025

17,585

Amortisation for year

659

At 30 April 2026

18,244

NET BOOK VALUE

At 30 April 2026

1,337

At 30 April 2025

1,996

6.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2025

and 30 April 2026

457,949

DEPRECIATION

At 1 May 2025

384,410

Charge for year

15,866

At 30 April 2026

400,276

NET BOOK VALUE

At 30 April 2026

57,673

At 30 April 2025

73,539

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 May 2025

80,706

Transfer to ownership

(30,204

)

At 30 April 2026

50,502

DEPRECIATION

At 1 May 2025

34,496

Charge for year

8,371

Transfer to ownership

(17,478

)

At 30 April 2026

25,389

NET BOOK VALUE

At 30 April 2026

25,113

At 30 April 2025

46,210

7.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2026

2025

£

Net obligations repayable:

Within one year

12,413

14,190

Between one and five years

11,980

24,393

38,583

Non-cancellable

operating leases

2026

2025

£

Within one year

63,053

72,072

Between one and five years

99,750

162,803

234,875

8.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

Hire purchase contracts

24,393

38,583

9.	PROVISIONS FOR LIABILITIES

2026

2025

£

Deferred tax

14,418

18,385

Deferred

tax

£

Balance at 1 May 2025

18,385

Movement

(3,967

)

Balance at 30 April 2026

14,418