New Station Developments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01596510 (England and Wales)

Financial Statements

for the Period 1 July 2018 to 29 June 2019

for

New Station Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S T Davis

Mrs M Davis

REGISTERED OFFICE:

The Old Post Office

41-43 Market Place

Chippenham

Wiltshire

SN15 3HR

REGISTERED NUMBER:

01596510 (England and Wales)

ACCOUNTANTS:

Mander Duffill

Chartered Accountants

The Old Post Office

41-43 Market Place

Chippenham

Wiltshire

SN15 3HR

FIXED ASSETS

Tangible assets

4

560,008

1,690,587

Investments

5

101

101

560,109

1,690,688

CURRENT ASSETS

Debtors

6

1,962,131

588,606

Cash at bank

1,174,558

15,414

3,136,689

604,020

CREDITORS

Amounts falling due within one year

7

644,826

585,961

NET CURRENT ASSETS

2,491,863

18,059

TOTAL ASSETS LESS CURRENT LIABILITIES

3,051,972

1,708,747

CREDITORS

Amounts falling due after more than one year

8

(73,807

)

(1,105,665

)

PROVISIONS FOR LIABILITIES

(22,761

)

(6,127

)

NET ASSETS

2,955,404

596,955

CAPITAL AND RESERVES

Called up share capital

5,600

5,600

Revaluation reserve

-

15,650

Retained earnings

2,949,804

575,705

SHAREHOLDERS' FUNDS

2,955,404

596,955

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 June 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 June 2019 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.

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 30 June 2020 and were signed on its behalf by:

S T Davis - Director

1.	STATUTORY INFORMATION

New Station Developments 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.	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.

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.

Land and buildings

-

Not provided

Plant and machinery etc

-

25% on reducing balance, 15% on reducing balance and 10% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the period 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 period 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.

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.

Pension costs

The Company operates a defined contribution pension scheme. The assets of the scheme are held

separately from those of the company in an independently administered fund. The pension cost charge

represents contributions payable by the company to the fund.

Freehold property

The company has not depreciated it's freehold property in accordance with accounting standards. It is

the company's policy to maintain it's property in a continual state of sound repair and so any

depreciation would be immaterial. Provision will be made should any permanent diminution in value

occur.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 July 2018

1,655,200

269,793

1,924,993

Additions

-

116,286

116,286

Disposals

(1,217,559

)

-

(1,217,559

)

At 29 June 2019

437,641

386,079

823,720

DEPRECIATION

At 1 July 2018

-

234,406

234,406

Charge for period

-

29,306

29,306

At 29 June 2019

-

263,712

263,712

NET BOOK VALUE

At 29 June 2019

437,641

122,367

560,008

At 30 June 2018

1,655,200

35,387

1,690,587

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases

are as follows:

Plant and

machinery

etc

£

COST

Additions

220,386

At 29 June 2019

220,386

DEPRECIATION

Charge for period

23,867

At 29 June 2019

23,867

NET BOOK VALUE

At 29 June 2019

196,519

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 July 2018

and 29 June 2019

101

NET BOOK VALUE

At 29 June 2019

101

At 30 June 2018

101

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.6.19

30.6.18

£

£

Trade debtors

145,889

94,268

Other debtors

1,816,242

494,338

1,962,131

588,606

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.6.19

30.6.18

£

£

Trade creditors

57,287

71,264

Other creditors

587,539

514,697

644,826

585,961

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

29.6.19

30.6.18

£

£

Other creditors

73,807

1,105,665