Newburn Services (Midlands) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08899008 (England and Wales)

Unaudited Financial Statements for the Year Ended 29 February 2020

for

Newburn Services (Midlands) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S J White

R D White

REGISTERED OFFICE:

Cherry Briars

54a Lea Bank Avenue

Kidderminster

Worcestershire

DY11 6PD

REGISTERED NUMBER:

08899008 (England and Wales)

ACCOUNTANTS:

Bridgepoint Accountants Limited

16 New Street

Stourport on Severn

Worcestershire

DY13 8UW

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

3,610

4,287

3,610

4,287

CURRENT ASSETS

Debtors

6

61,470

56,752

Cash at bank

31,190

2

92,660

56,754

CREDITORS

Amounts falling due within one year

7

81,380

59,059

NET CURRENT ASSETS/(LIABILITIES)

11,280

(2,305

)

TOTAL ASSETS LESS CURRENT LIABILITIES

14,890

1,982

CREDITORS

Amounts falling due after more than one year

8

(14,100

)

-

PROVISIONS FOR LIABILITIES

(686

)

(815

)

NET ASSETS

104

1,167

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

4

1,067

104

1,167

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2020 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 13 February 2021 and were signed on its behalf by:

R D White - Director

1.	STATUTORY INFORMATION

Newburn Services (Midlands) Ltd 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.

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 0, is being amortised evenly over its estimated useful life of nil years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2019

and 29 February 2020

15,000

AMORTISATION

At 1 March 2019

and 29 February 2020

15,000

NET BOOK VALUE

At 29 February 2020

-

At 28 February 2019

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2019

6,855

Additions

190

At 29 February 2020

7,045

DEPRECIATION

At 1 March 2019

2,568

Charge for year

867

At 29 February 2020

3,435

NET BOOK VALUE

At 29 February 2020

3,610

At 28 February 2019

4,287

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.2.20

28.2.19

£

£

Trade debtors

14,343

22,191

Other debtors

47,127

34,561

61,470

56,752

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.2.20

28.2.19

£

£

Bank loans and overdrafts

3,600

14,905

Trade creditors

42,845

8,684

Taxation and social security

34,110

34,670

Other creditors

825

800

81,380

59,059

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

29.2.20

28.2.19

£

£

Bank loans

14,100

-