Newmark Limited - Filleted accounts

Registered number

05142751

Newmark Limited

Filleted Accounts

31 May 2026

Newmark Limited
Registered number:		05142751
Balance Sheet
as at 31 May 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		45,218			55,273

Current assets
Stocks		753,000			855,000
Debtors	4	477,841			443,444
Cash at bank and in hand		109,627			59,332
		1,340,468			1,357,776

Creditors: amounts falling due within one year	5	(863,873)			(988,301)

Net current assets			476,595			369,475

Total assets less current liabilities			521,813			424,748

Creditors: amounts falling due after more than one year	6		(45,007)			(10,511)



Net assets			476,806			414,237

Capital and reserves
Called up share capital			150			150
Profit and loss account			476,656			414,087

Shareholders' funds			476,806			414,237

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Huseyin Dag
Director
Approved by the board on 23 September 2026

Newmark Limited
Notes to the Accounts
for the year ended 31 May 2026


1	Accounting policies

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			15		15


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 June 2025	130,720		184,692		315,412
	Additions	1,250		-		1,250
	At 31 May 2026	131,970		184,692		316,662

	Depreciation
	At 1 June 2025	108,942		151,197		260,139
	Charge for the year	4,606		6,699		11,305
	At 31 May 2026	113,548		157,896		271,444

	Net book value
	At 31 May 2026	18,422		26,796		45,218
	At 31 May 2025	21,778		33,495		55,273


4	Debtors			2026		2025
£					£

	Trade debtors			326,419		331,402
	Other debtors			151,422		112,042
				477,841		443,444


5	Creditors: amounts falling due within one year			2026		2025
£					£

	Bank loans and overdrafts			39,758		69,610
	Trade creditors			536,862		569,041
	Corporation tax			25,334		16,263
	Other taxes and social security costs			23,804		35,054
	Other creditors			238,115		298,333
				863,873		988,301


6	Creditors: amounts falling due after one year			2026		2025
£					£

	Bank loans			7		10,511
	Other creditors			45,000		-
				45,007		10,511


7	Controlling party

	Shareholding as follows: Mr Huseyin Dag - 50 Ordinary Share Mrs Rahime Dag - 25 Ordinary Share Mr Onur Dag - 25 Ordinary Share Hobby Home London Limited - 1B Ordinary Shares Green On The Lanes Ltd - 1C Ordinary Share


8	Other information

	Newmark Limited is a private company limited by shares and incorporated in England. Its registered office is:
	8 Clock House Parade
	North Circular Road
	London
	N13 6BG