Accounts filed on 30-04-2021

			Company registration number:11922367
		NEW RAYS (SHEFFORD) LIMITED
			FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 30 April 2021

NEW RAYS (SHEFFORD) LIMITED
BALANCE SHEET
AS AT 30 April 2021
					2021				2020
				Notes	£		£		£		£
FIXED ASSETS
Tangible assets				3			235				101
							235				101
CURRENT ASSETS
Stocks					750				800
Debtors				4	1,032				4,902
Cash at bank and in hand					60,901				21,450
					62,683				27,152
CREDITORS
Amounts falling due within one year				5	(18,369)				(14,022)
NET CURRENT ASSETS							44,314				13,130
TOTAL ASSETS LESS
CURRENT LIABILITIES							44,549				13,231
PROVISIONS FOR LIABILITIES							(44)				(19)
NET ASSETS							44,505				13,212
CAPITAL AND RESERVES
Called-up equity share capital				6			100				100
Profit and loss account							44,405				13,112
SHAREHOLDERS FUNDS							44,505				13,212
For the year ending 30 April 2021 the company was entitled to exemption 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved by the board of directors on 7 October 2021 and signed on its behalf.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies' regime.
..........................................................................
Miss Yunyu Lin
7 October 2021
The annexed notes form part of these financial statements.

---

NEW RAYS (SHEFFORD) LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2021
				Share	Share	P and L	Revaluation	Other	Total
				Capital	Premium	Account	reserve	reserves	equity
				£	£	£	£	£	£
Changes in equity
Share issue				100	0	0	0	0	100
Dividend				0	0	(5,000)	0	0	(5,000)
Total Comprehensive Income				0	0	18,112	0	0	18,112
Balance at 30 April 2020				100	0	13,112	0	0	13,212
Changes in equity
Total comprehensive income				0	0	31,293	0	0	31,293
Balance at 30 April 2021				100	0	44,405	0	0	44,505

---

NEW RAYS (SHEFFORD) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2021

1.

Accounting policies

Statutory information

The company is registered in England and its registered number is 11922367. The company is a private company limited by shares. Its registered office is 14 High Street, Shefford, Befordshire, United Kingdom, SG17 5DG.

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost covention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Turnover

Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

Fixed Assets

Tangible fixed assets are stated at cost less depreciation 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 bases:

Fixtures and Fittings 15 % reducing balance basi

Stocks and Work In Progress

Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

Government grants

The Small Business Grant fund is recognised as income in the period in which it becomes receivable. The Coronavirus Job Retention Scheme Grant is recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate.

Deferred Taxation

Deferred tax is provided on the liability method to take account of the timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Pension Scheme

The company operates a defined contribution pension scheme, NEST pension scheme, and the pension charge represents the amounts payable by the company to the fund in respect of the year.

2.

Employees

The average number of persons employed by the company (including directors) during the year was 7.

3.	Tangible fixed assets
				F and F	Total
	Cost
	At start of period			120	120
	Additions			176	176
	At end of period			296	296
	Depreciation
	At start of period			19	19
	Provided during the period			42	42
	At end of period			61	61
	Net Book Value
	At start of period			101	101
	At end of period			235	235

4.	Debtors
					2021	2020
					£	£
	Due within one year
	Prepayments and accrued income				1,032	4,902
					1,032	4,902

5.	Creditors due within one year
					2021	2020
					£	£
	Trade creditors				1,744	767
	Corporation Tax				7,315	4,286
	Other taxes and social security costs				3,141	2,835
	Accruals and deferred income				5,636	5,565
	Loan from directors				534	568
					18,369	14,022

6.	Share capital				Alloted, Issued and fully paid
					2021	2020
					£	£
	Ordinary shares of £1 each				100	100
	Total issued share capital				100	100

7.	Related Party Transactions
	There were no related party transactions in which the director has a direct and material interest.