REGISTERED NUMBER: 05256304 (England and Wales)

Newfoundlands Limited

T/A

Metro Rod (Norwich)

Unaudited Financial Statements

for the year ended

31 December 2025

Page

Balance Sheet

1

Notes to the Financial Statements

2

to

6

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

588,228

675,808

588,228

675,808

CURRENT ASSETS

Debtors

7

205,921

348,417

Cash at bank and in hand

120,000

88,746

325,921

437,163

CREDITORS

Amounts falling due within one year

8

(309,944

)

(428,936

)

NET CURRENT ASSETS

15,977

8,227

TOTAL ASSETS LESS CURRENT LIABILITIES

604,205

684,035

CREDITORS

Amounts falling due after more than one year

9

(173,515

)

(275,744

)

PROVISIONS FOR LIABILITIES

(135,912

)

(131,552

)

NET ASSETS

294,778

276,739

CAPITAL AND RESERVES

Called up share capital

12

2

2

Retained earnings

294,776

276,737

SHAREHOLDERS' FUNDS

294,778

276,739

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 September 2026 and were signed by:

S J O'Brien - Director

1.	STATUTORY INFORMATION

Newfoundlands Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

05256304

Registered office:

Newfoundlands

The Street

Tharston

Norwich

Norfolk

NR15 2YP

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

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Licences

Licences are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Licences are amortised over the period they cover.

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.

Improvements to property

-

10% on cost

Plant and machinery

-

15% reducing balance

Fixtures and fittings

-

15% reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33.33% straight line

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.

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 22 (2024 - 22 ) .

5.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 January 2025

and 31 December 2025

100,000

7,500

107,500

AMORTISATION

At 1 January 2025

and 31 December 2025

100,000

7,500

107,500

NET BOOK VALUE

At 31 December 2025

-

-

-

At 31 December 2024

-

-

-

6.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2025

56,975

250,457

18,499

Additions

-

-

1,084

Disposals

-

-

-

At 31 December 2025

56,975

250,457

19,583

DEPRECIATION

At 1 January 2025

49,076

158,533

12,074

Charge for year

2,248

13,789

1,113

Eliminated on disposal

-

-

-

At 31 December 2025

51,324

172,322

13,187

NET BOOK VALUE

At 31 December 2025

5,651

78,135

6,396

At 31 December 2024

7,899

91,924

6,425

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2025

929,398

46,722

1,302,051

Additions

36,500

-

37,584

Disposals

(44,077

)

-

(44,077

)

At 31 December 2025

921,821

46,722

1,295,558

DEPRECIATION

At 1 January 2025

361,643

44,917

626,243

Charge for year

82,049

1,109

100,308

Eliminated on disposal

(19,221

)

-

(19,221

)

At 31 December 2025

424,471

46,026

707,330

NET BOOK VALUE

At 31 December 2025

497,350

696

588,228

At 31 December 2024

567,755

1,805

675,808

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

Motor

vehicles

£

COST

At 1 January 2025

698,927

Additions

36,500

Disposals

(17,100

)

At 31 December 2025

718,327

DEPRECIATION

At 1 January 2025

207,205

Charge for year

73,398

Eliminated on disposal

(8,669

)

At 31 December 2025

271,934

NET BOOK VALUE

At 31 December 2025

446,393

At 31 December 2024

491,722

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

150,929

238,749

Amounts owed by group undertakings

50,200

50,200

Other debtors

4,792

59,468

205,921

348,417

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,003

10,000

Hire purchase contracts (see note 10)

119,054

120,036

Trade creditors

52,572

167,495

Taxation and social security

110,256

112,697

Other creditors

18,059

18,708

309,944

428,936

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

10,002

Hire purchase contracts (see note 10)

173,515

265,742

173,515

275,744

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

119,054

120,036

Between one and five years

173,515

265,742

292,569

385,778

Non-cancellable

operating leases

2025

2024

£

£

Within one year

9,140

9,140

Between one and five years

3,046

12,186

12,186

21,326

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

292,569

385,778

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

1

2

2

13.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2025 and 31 December 2024:

2025

2024

£

£

Mrs J C L O'Brien

Balance outstanding at start of year

-

-

Amounts advanced

-

40,934

Amounts repaid

-

-

Amounts written off

-

(40,934

)

Amounts waived

-

-

Balance outstanding at end of year

-

-

S J O'Brien

Balance outstanding at start of year

51,757

-

Amounts advanced

-

51,757

Amounts repaid

(51,757

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

51,757

The directors have been charged interest on advances at the official rate.

14.	RELATED PARTY DISCLOSURES

At the year-end, the company owed an interest-free loan of £6,421 to the director. The loan is unsecured and repayable on demand. No interest is payable on the loan.