New Station Developments Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 01596510 (England and Wales)

Financial Statements

for the Period 29 June 2022 to 27 June 2023

for

New Station Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

5

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

1,160,335

1,187,982

Investments

5

101

101

1,160,436

1,188,083

CURRENT ASSETS

Stocks

615,000

815,000

Debtors

6

2,174,305

1,961,738

Cash at bank

527,492

185,346

3,316,797

2,962,084

CREDITORS

Amounts falling due within one year

7

1,094,511

961,143

NET CURRENT ASSETS

2,222,286

2,000,941

TOTAL ASSETS LESS CURRENT LIABILITIES

3,382,722

3,189,024

CREDITORS

Amounts falling due after more than one year

8

-

(7,228

)

PROVISIONS FOR LIABILITIES

(24,142

)

(13,850

)

NET ASSETS

3,358,580

3,167,946

CAPITAL AND RESERVES

Called up share capital

5,702

5,702

Retained earnings

3,352,878

3,162,244

SHAREHOLDERS' FUNDS

3,358,580

3,167,946

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 June 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 27 June 2023 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 10 June 2024 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, 25% on cost, 20% 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 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 29 June 2022

957,641

558,251

1,515,892

Additions

-

15,500

15,500

At 27 June 2023

957,641

573,751

1,531,392

DEPRECIATION

At 29 June 2022

-

327,910

327,910

Charge for period

-

43,147

43,147

At 27 June 2023

-

371,057

371,057

NET BOOK VALUE

At 27 June 2023

957,641

202,694

1,160,335

At 28 June 2022

957,641

230,341

1,187,982

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 29 June 2022

and 27 June 2023

123,986

DEPRECIATION

At 29 June 2022

71,717

Charge for period

10,936

At 27 June 2023

82,653

NET BOOK VALUE

At 27 June 2023

41,333

At 28 June 2022

52,269

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 29 June 2022

and 27 June 2023

101

NET BOOK VALUE

At 27 June 2023

101

At 28 June 2022

101

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

27.6.23

28.6.22

£

£

Trade debtors

1,432,649

1,923,527

Other debtors

741,656

38,211

2,174,305

1,961,738

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

27.6.23

28.6.22

£

£

Trade creditors

316,557

283,364

Other creditors

777,954

677,779

1,094,511

961,143

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

27.6.23

28.6.22

£

£

Other creditors

-

7,228