Newman Noggs Ltd 30/04/2021 iXBRL
Newman Noggs Ltd 30/04/2021 iXBRL
Company registration number:
06165672
NEWMAN NOGGS LTD
STATEMENT OF FINANCIAL POSITION
30 APRIL 2021
2021 | 2020 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Debtors | 6 | - |
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Cash at bank and in hand |
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_______ | _______ | ||||||||
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Creditors: amounts falling due | |||||||||
within one year | 7 |
(
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_______ | _______ | ||||||||
Net current assets/(liabilities) |
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_______ | _______ | ||||||||
Total assets less current liabilities |
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Provisions for liabilities |
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_______ | _______ | ||||||||
Net assets |
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_______ | _______ | ||||||||
Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account | 8 |
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_______ | _______ | ||||||||
Shareholders funds |
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_______ | _______ | ||||||||
Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
19 January 2022
, and are signed on behalf of the board by:
Director
Company registration number:
06165672
NEWMAN NOGGS LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 APRIL 2021
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 Coles Cottages, Renney Road, Down Thomas, Plymouth, PL9 0BH.
Principal activity
The principal activity of the company is that of clerical administrators.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.
Turnover
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer equipment | - |
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Fittings fixtures and equipment | - |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities.
Provisions
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at theend of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2020:
2
).
5.
Tangible assets
Computer equipment | Fixtures, fittings and equipment | Total | ||
£ | £ | £ | ||
Cost | ||||
At 1 May 2020 and 30 April 2021 |
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Depreciation | ||||
At 1 May 2020 |
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Charge for the year |
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At 30 April 2021 |
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Carrying amount | ||||
At 30 April 2021 |
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At 30 April 2020 |
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6.
Debtors
2021 | 2020 | |||
£ | £ | |||
Trade debtors | - |
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_______ | _______ | |||
7.
Creditors: amounts falling due within one year
2021 | 2020 | |||
£ | £ | |||
Accruals and deferred income |
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Social security and other taxes | 1,977 | 2,036 | ||
Other creditors | 8,807 | 588 | ||
_______ | _______ | |||
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8.
Reserves
Profit and loss account:This reserve records retained earnings and accumulated losses.
9.
Events after the end of the reporting period
There have been no events in the subsequent period that will require an adjustment to the balances reported in the Statement of Financial Position of these financial statements dated 30 April 2021.However,the continued impact of the global Coronavirus outbreak that was declared a world health emergency by the World Health Organisation in January 2020 should be noted. In March 2020 and again in November 2020, the UK Government implemented travel restrictions and other guidance in an attempt to reduce the spread of the virus, which has impacted, and continues to impact, the UK economy significantly. The financial impact of this developing situation in the subsequent period will be reflected in the financial statements of the corresponding subsequent period.
10.
Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company: | |||||
2021 | |||||
Balance brought forward | Advances /(credits) to the directors | Amounts repaid | Balance o/standing | ||
£ | £ | £ | £ | ||
Directors |
(
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(
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(
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_______ | _______ | _______ | _______ | ||
2020 | |||||
Balance brought forward | Advances /(credits) to the directors | Amounts repaid | Balance o/standing | ||
£ | £ | £ | £ | ||
Directors |
(
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(
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(
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_______ | _______ | _______ | _______ | ||
The directors loans are interest free and repayable on demand.