NEuW Limited,Ltd - Accounts

NEUW LIMITED - Company Information

Print Friendly Version

NEuW Limited

For the year ended 31 May 2016

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 02818342

Contents Page

NEuW Limited

For the year ended 31 May 2016

Accountants' Report

Balance Sheet

3 to 4

Notes to the Abbreviated Financial Statements

NEuW Limited

Chartered Accountants' Report

For the year ended 31 May 2016

Chartered Accountants' Report to the Board of Directors

In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the

accounts of NEuW Limited for the year ended 31 May 2016 which comprise the Profit and Loss Account, the

Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its

ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of NEuW Limited, as a body, in accordance with the terms of

our engagement letter dated 22 July 2016. Our work has been undertaken solely to prepare for your approval the

accounts of NEuW Limited and state those matters that we have agreed to state to the Board of Directors of NEuW

Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest

extent permitted by law, we do not accept or assume responsibility to anyone other than NEuW Limited and its

Board of Directors as a body for our work or for this report.

It is your duty to ensure that NEuW Limited has kept adequate accounting records to prepare statutory accounts

that give a true and fair view of the assets, liabilities, financial position and profit of NEuW Limited. You consider

that NEuW Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of NEuW Limited. For this reason, we

have not verified the accuracy or completeness of the accounting records or information and explanations you have

given to us and we do not, therefore, express any opinion on the statutory accounts.

Brewster & Co.

5a Station Terrace

East Boldon

Tyne & Wear

NE36 0LJ

22 July 2016

Dated:

1 of 4

Abbreviated Balance Sheet

NEuW Limited

As at 31 May 2016

02818342

Registered Number :

2016

Notes

2015

Fixed assets

Tangible assets

3,929

4,137

3,929

4,137

Current assets

Debtors

13,280

10,217

Cash at bank and in hand

11,337

5,463

21,554

18,743

Creditors: amounts falling due within one year

(13,059)

(15,765)

5,684

5,789

Net current assets

Total assets less current liabilities

9,718

9,821

9,718

Net assets

9,821

Capital and reserves

Called up share capital

400

Profit and loss account

9,318

9,421

9,718

9,821

Shareholders funds

For the year ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) 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 in accordance with the provisions applicable to companies subject to the small companies' regime.

Date approved by the board: 22 July 2016

Prof Jonathan Howes Director

Signed on behalf of the board of directors

2 of 4

Notes to the Abbreviated Financial Statements

NEuW Limited

For the year ended 31 May 2016

1 Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Dividends

Proposed dividends are only included as liabilities in the financial statements when their payment has been approved

by the shareholders prior to the balance sheet date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery

25 Straight line

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

61,117

At 01 June 2015

229

Additions

At 31 May 2016

61,346

Depreciation

56,980

At 01 June 2015

437

Charge for year

57,417

At 31 May 2016

Net book values

At 31 May 2016

3,929

4,137

At 31 May 2015

3 of 4

Notes to the Abbreviated Financial Statements

NEuW Limited

For the year ended 31 May 2016

3 Share capital

Authorised

400 Ordinary shares of £1.00 each

Allotted called up and fully paid

2016

2015

400 Ordinary shares of £1.00 each

400

4 of 4