Bob Newton Ltd - Accounts

Bob Newton Ltd - Accounts

BOB NEWTON LTD - Company Information

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Registered Number: 04433913
England and Wales

 

 

 

BOB NEWTON LTD


Filleted Accounts
 


Period of accounts

Start date: 01 April 2021

End date: 31 March 2022

Bob Newton Ltd
Contents Page
For the year ended 31 March 2022
Directors Mr R S Newton
Mrs S A Newton
Registered Number 04433913
Registered Office St. Barnabus Old School,
Ranmore Common
Dorking
Surrey
RH5 6SP
Accountants PARALLEL PROGRESS LIMITED T/A Merkler Sharp Accountants
Suite 211A Peel House
34-44 London Road
Morden
SM4 5BT
1
Director's report and financial statements
The directors present their annual report and the financial statements for the year ended 31 March 2022.
Principal activities
Principal activity of the company during the financial year was of sound recordists.
Directors
The directors who served the company throughout the year were as follows:
Mr R S Newton
Mrs S A Newton
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Mr R S Newton
Director

Date approved: 14 September 2022
2
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 March 2022 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
PARALLEL PROGRESS LIMITED T/A Merkler Sharp Accountants
31 March 2022



....................................................
PARALLEL PROGRESS LIMITED T/A Merkler Sharp Accountants
Suite 211A Peel House
34-44 London Road
Morden
SM4 5BT
14 September 2022
3
 
 		 Notes
 		 2022
£		   2021
£
Fixed assets      
Tangible fixed assets 3 19,391    21,632 
Investments 4 15,000    15,000 
34,391    36,632 
Current assets      
Debtors 5 2,039    1,106 
Cash at bank and in hand 86,891    76,386 
88,930    77,492 
Creditors: amount falling due within one year 6 (38,330)   (21,927)
Net current assets 50,600    55,565 
 
Total assets less current liabilities 84,991    92,197 
Creditors: amount falling due after more than one year 7 0    (25,000)
Net assets 84,991    67,197 
 

Capital and reserves 		     
Called up share capital 100    100 
Profit and loss account 84,891    67,097 
Shareholder's funds 84,991    67,197 
 


For the year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
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 the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 14 September 2022 and were signed on its behalf by:


--------------------------------
Mr R S Newton
Director
4
General Information
Bob Newton Ltd is a private company, limited by shares, registered in England and Wales, registration number 04433913, registration address St. Barnabus Old School, Ranmore Common, Dorking, Surrey, RH5 6SP

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant & Machinery - 20% Straight Line Method
2.

Directors' Emoluments

     

3.

Average number of employees

Average number of employees during the year was 2 (2021 : 2).
4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Total
  £   £   £
At 01 April 2021 194,404    24,738    219,142 
Additions 7,873    -    7,873 
Disposals -    -    - 
At 31 March 2022 202,277    24,738    227,015 
Depreciation
At 01 April 2021 172,773    24,737    197,510 
Charge for year 10,114    -    10,114 
On disposals -    -    - 
At 31 March 2022 182,887    24,737    207,624 
Net book values
Closing balance as at 31 March 2022 19,390    1    19,391 
Opening balance as at 01 April 2021 21,631    1    21,632 


5.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 April 2021 15,000    15,000 
Additions -    - 
Transfer to/from Tangible fixed assets 0    0 
Disposals -    - 
At 31 March 2022 15,000    15,000 

6.

Debtors: amounts falling due within one year

2022
£		   2021
£
Trade Debtors 1,183    250 
Prepayments & Accrued Income 856    856 
2,039    1,106 

7.

Creditors: amount falling due within one year

2022
£		   2021
£
Trade Creditors (2)   0 
Corporation Tax 12,637    13 
Accrued Expenses 1,530    1,530 
Directors' Current Accounts 23,322    19,983 
VAT 843    401 
38,330    21,927 

8.

Creditors: amount falling due after more than one year

2022
£		   2021
£
Bounceback Loan 0    25,000 
0    25,000 

5