Company Registration No. 12524001 (England and Wales)
NEW THINGS DIGITAL LIMITED
Unaudited accounts
for the year ended 31 March 2022
NEW THINGS DIGITAL LIMITED
Unaudited accounts
Contents
NEW THINGS DIGITAL LIMITED
Company Information
for the year ended 31 March 2022
Director
Mr Charles Curtis
Company Number
12524001 (England and Wales)
Registered Office
86 ENGLANDS LANE
LOUGHTON
IG10 2QQ
ENGLAND
Accountants
Mayfield Associates
44 Barnfield Way
Oxted
Surrey
RH8 9QF
NEW THINGS DIGITAL LIMITED
Statement of financial position
as at 31 March 2022
Cash at bank and in hand
17,484
28,397
Creditors: amounts falling due within one year
(4,062)
(11,981)
Net current assets
13,422
16,416
Called up share capital
10
10
Profit and loss account
14,492
17,044
Shareholders' funds
14,502
17,054
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 November 2022 and were signed on its behalf by
Mr Charles Curtis
Director
Company Registration No. 12524001
NEW THINGS DIGITAL LIMITED
Notes to the Accounts
for the year ended 31 March 2022
NEW THINGS DIGITAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12524001. The registered office is 86 ENGLANDS LANE, LOUGHTON, IG10 2QQ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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. In the period to 31 March 2021,86% of the company's turnover was derived from markets outside the United Kingdom.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
NEW THINGS DIGITAL LIMITED
Notes to the Accounts
for the year ended 31 March 2022
4
Tangible fixed assets
Computer equipment
5
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
649
3,948
Loans from directors
3,063
7,433
6
Average number of employees
During the year the average number of employees was 1 (2021: 1).