Company Registration No. 5311024 (England and Wales)
NEW MORTGAGE SOLUTIONS LTD
Unaudited accounts
for the year ended 31 March 2023
NEW MORTGAGE SOLUTIONS LTD
Unaudited accounts
Contents
NEW MORTGAGE SOLUTIONS LTD
Company Information
for the year ended 31 March 2023
Director
Mr Francis Worman
Company Number
5311024 (England and Wales)
Registered Office
Office 17
2 Regent Road
Lowestoft
Suffolk
NR32 1PA
Accountants
P Lacey & Associates Ltd
Office 17
2 Regent House
Lowestoft
NR32 1PA
NEW MORTGAGE SOLUTIONS LTD
Statement of financial position
as at 31 March 2023
Tangible assets
2,750
3,236
Cash at bank and in hand
42,875
195,233
Creditors: amounts falling due within one year
(72,992)
(68,883)
Net current assets
718,338
605,785
Net assets
739,588
609,021
Called up share capital
1
1
Profit and loss account
739,587
609,020
Shareholders' funds
739,588
609,021
For the year ending 31 March 2023 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 14 June 2023 and were signed on its behalf by
Mr Francis Worman
Director
Company Registration No. 5311024
NEW MORTGAGE SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 March 2023
NEW MORTGAGE SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 5311024. The registered office is Office 17, 2 Regent Road, Lowestoft, Suffolk, NR32 1PA.
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.
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:
Plant & machinery
Reducing balance 15%
Computer equipment
Reducing balance 15%
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
8,208
2,206
10,414
At 31 March 2023
8,208
2,206
10,414
At 1 April 2022
6,624
554
7,178
Charge for the year
238
248
486
At 31 March 2023
6,862
802
7,664
At 31 March 2023
1,346
1,404
2,750
At 31 March 2022
1,584
1,652
3,236
5
Investments
Other investments
Valuation at 1 April 2022
-
Valuation at 31 March 2023
18,500
NEW MORTGAGE SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Other debtors
287,500
8,000
Amounts falling due after more than one year
Other debtors
460,955
471,435
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
32,122
42,568
Taxes and social security
40,870
26,315
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 6 (2022: 5).
