Company Registration No. 11896923 (England and Wales)
Newbury Digital Limited
Unaudited accounts
for the year ended 31 March 2023
Newbury Digital Limited
Unaudited accounts
Contents
Newbury Digital Limited
Company Information
for the year ended 31 March 2023
Directors
Mark Howard
John Alexander Du Plessis Currie
Luigi Tricarico
Company Number
11896923 (England and Wales)
Registered Office
The Granary, Grange Farm
Long Lane, Shaw
Newbury
Berkshire
RG14 2TF
Newbury Digital Limited
Statement of financial position
as at 31 March 2023
Tangible assets
179,254
212,651
Cash at bank and in hand
22,108
96,614
Creditors: amounts falling due within one year
(164,167)
(143,455)
Net current (liabilities)/assets
(102,638)
11,959
Total assets less current liabilities
76,616
224,610
Creditors: amounts falling due after more than one year
(18,730)
(75,486)
Provisions for liabilities
Deferred tax
(10,025)
(27,436)
Called up share capital
500
100
Profit and loss account
47,361
121,588
Shareholders' funds
47,861
121,688
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 directors acknowledge their 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 of Directors and authorised for issue on 29 December 2023 and were signed on its behalf by
Mark Howard
Director
Company Registration No. 11896923
Newbury Digital Limited
Notes to the Accounts
for the year ended 31 March 2023
Newbury Digital Limited is a private company, limited by shares, registered in England and Wales, registration number 11896923. The registered office is The Granary, Grange Farm, Long Lane, Shaw, Newbury, Berkshire, RG14 2TF.
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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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, or if held under a finance lease, over the lease term, whichever is the shorter:
Plant & machinery
10% Straight Line
Motor vehicles
25% Reducing Balance
Fixtures & fittings
20% Straight Line
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Newbury Digital Limited
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
235,000
33,139
26,185
294,324
At 31 March 2023
235,000
33,139
26,185
294,324
At 1 April 2022
54,500
14,499
12,674
81,673
Charge for the year
23,500
4,660
5,237
33,397
At 31 March 2023
78,000
19,159
17,911
115,070
At 31 March 2023
157,000
13,980
8,274
179,254
At 31 March 2022
180,500
18,640
13,511
212,651
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
15,187
20,848
Amounts falling due within one year
Trade debtors
21,004
58,800
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
5,561
5,561
Trade creditors
158,606
56,566
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
18,730
23,363
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
