New Station Developments Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 01596510 (England and Wales)

Financial Statements

for the Period 30 June 2021 to 28 June 2022

for

New Station Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S T Davis

Mrs M Davis

REGISTERED OFFICE:

The Old Post Office

41-43 Market Place

Chippenham

Wiltshire

SN15 3HR

REGISTERED NUMBER:

01596510 (England and Wales)

ACCOUNTANTS:

Mander Duffill

Chartered Accountants

The Old Post Office

41-43 Market Place

Chippenham

Wiltshire

SN15 3HR

FIXED ASSETS

Tangible assets

4

1,187,982

1,041,929

Investments

5

101

101

1,188,083

1,042,030

CURRENT ASSETS

Stocks

815,000

-

Debtors

6

1,961,738

1,529,029

Cash at bank

185,346

1,104,932

2,962,084

2,633,961

CREDITORS

Amounts falling due within one year

7

961,143

457,332

NET CURRENT ASSETS

2,000,941

2,176,629

TOTAL ASSETS LESS CURRENT LIABILITIES

3,189,024

3,218,659

CREDITORS

Amounts falling due after more than one year

8

(7,228

)

(148,941

)

PROVISIONS FOR LIABILITIES

(13,850

)

(15,686

)

NET ASSETS

3,167,946

3,054,032

CAPITAL AND RESERVES

Called up share capital

5,702

5,702

Retained earnings

3,162,244

3,048,330

SHAREHOLDERS' FUNDS

3,167,946

3,054,032

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 June 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 June 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 June 2023 and were signed on its behalf by:

S T Davis - Director

1.	STATUTORY INFORMATION

New Station Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

Not provided

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stock has been valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress, cost includes a relevant proportion of overheads according to the stage manufacture or completion.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund.

Freehold property

The company has not depreciated it's freehold property in accordance with accounting standards. It is the company's policy to maintain it's property in a continual state of sound repair and so any depreciation would be immaterial. Provision will be made should any permanent diminution in value occur.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 30 June 2021

957,641

393,855

1,351,496

Additions

-

164,396

164,396

At 28 June 2022

957,641

558,251

1,515,892

DEPRECIATION

At 30 June 2021

-

309,567

309,567

Charge for period

-

18,343

18,343

At 28 June 2022

-

327,910

327,910

NET BOOK VALUE

At 28 June 2022

957,641

230,341

1,187,982

At 29 June 2021

957,641

84,288

1,041,929

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and

machinery

etc

£

COST

At 30 June 2021

116,286

Additions

7,700

At 28 June 2022

123,986

DEPRECIATION

At 30 June 2021

57,847

Charge for period

13,870

At 28 June 2022

71,717

NET BOOK VALUE

At 28 June 2022

52,269

At 29 June 2021

58,439

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 30 June 2021

and 28 June 2022

101

NET BOOK VALUE

At 28 June 2022

101

At 29 June 2021

101

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.6.22

29.6.21

£

£

Trade debtors

1,923,527

134,943

Other debtors

38,211

1,394,086

1,961,738

1,529,029

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.6.22

29.6.21

£

£

Trade creditors

283,364

94,422

Other creditors

677,779

362,910

961,143

457,332

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.6.22

29.6.21

£

£

Other creditors

7,228

148,941