Newton Smith Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07559506

Newton Smith Limited

Filleted Unaudited Financial Statements

For the year ended

31 March 2026

Newton Smith Limited

Statement of Financial Position

31 March 2026

	2026		2025
Note	£	£	£	£

Fixed assets

Tangible assets	6	31,756	29,980
Investments	7	424,513	392,591
		---------	---------
		456,269	422,571

Current assets

Debtors	8	482,089	496,960
Cash at bank and in hand		404,567	412,500
		---------	---------
		886,656	909,460

Creditors: amounts falling due within one year	9	98,252		207,289
		---------		---------
Net current assets			788,404		702,171
			------------		------------
Total assets less current liabilities			1,244,673		1,124,742

Creditors: amounts falling due after more than one year	10		20,637		26,656

Provisions

Taxation including deferred tax	7,759	7,424
	------------	------------
Net assets	1,216,277	1,090,662
	------------	------------

Capital and reserves

Called up share capital	100	100
Profit and loss account	1,216,177	1,090,562
	------------	------------
Shareholders funds	1,216,277	1,090,662
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Newton Smith Limited

Statement of Financial Position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 7 October 2026 , and are signed on behalf of the board by:

Mr J W Smith

Director

Company registration number: 07559506

Newton Smith Limited

Notes to the Financial Statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit J, South Cambridge Business Park, Babraham Road, Sawston, Cambridge, CB22 3JH.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. The turnover shown in the profit and loss account represents fees earned and commissions due during the year.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold property	-	7 years straight line
Fixtures & fittings	-	25% reducing balance
Equipment	-	25% reducing balance

Investments

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 8 (2025: 8 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2025 and 31 March 2026	425,376
	---------
Amortisation
At 1 April 2025 and 31 March 2026	425,376
	---------
Carrying amount
At 31 March 2026	–
	---------
At 31 March 2025	–
	---------

6. Tangible assets

	Leasehold property	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 April 2025	42,276	60,695	64,409	167,380
Additions	–	3,262	7,082	10,344
	--------	--------	--------	---------
At 31 March 2026	42,276	63,957	71,491	177,724
	--------	--------	--------	---------
Depreciation
At 1 April 2025	42,276	41,225	53,899	137,400
Charge for the year	–	5,454	3,114	8,568
	--------	--------	--------	---------
At 31 March 2026	42,276	46,679	57,013	145,968
	--------	--------	--------	---------
Carrying amount
At 31 March 2026	–	17,278	14,478	31,756
	--------	--------	--------	---------
At 31 March 2025	–	19,470	10,510	29,980
	--------	--------	--------	---------

7. Investments

	Other investments other than loans
	£
Cost or valuation
At 1 April 2025	392,591
Additions	223,031
Disposals	( 213,031)
Other movements	21,922
	---------
At 31 March 2026	424,513
	---------
Impairment
At 1 April 2025 and 31 March 2026	–
	---------

Carrying amount
At 31 March 2026	424,513
	---------
At 31 March 2025	392,591
	---------

8. Debtors

	2026	2025
	£	£
Other debtors	482,089	496,960
	---------	---------

9. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	6,019	5,873
Social security and other taxes	79,521	188,391
Other creditors	12,712	13,025
	--------	---------
	98,252	207,289
	--------	---------

10. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	20,637	26,656
	--------	--------

Included within creditors: amounts falling due after more than one year is an amount of £nil (2025: £1,645) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

11. Directors' advances, credits and guarantees

During the year the company operated a joint loan account on behalf of the directors. The amount advanced to the directors was £ 262,267 (2025: £ 270,638 ) and received repayments totalling £ 259,960 (2025: £ 322,114 ). At the balance sheet date, the amount owed to the company was £98,362 (2025: £96,055). Interest is charged at the HMRC approved rate on the balance while in excess of the beneficial loan exempt value. The loan is repayable on demand.

12. Related party transactions

The company has advanced interest free loans to related parties amounting to £11,549 (2025: £45,750). The balance outstanding at the year end was £369,750 (2025: £358,201).