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02818342
2014-05-31
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2013-06-01
2014-05-31
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uk-gaap:PlantMachinery
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iso4217:GBP
For the year ended 31 May 2014
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 02818342
2
NEuW Limited
For the year ended 31 May 2014
1
Accountants' Report
2
Balance Sheet
3
Notes to the Abbreviated Financial Statements
3
NEuW Limited
Chartered Accountants' Report
For the year ended 31 May 2014
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 2014 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 12 September 2014. 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
12 September 2014
1 of 3
4
| Abbreviated Balance Sheet |
NEuW Limited
2014
2013
2
3,765
3,074
3,765
3,074
4,274
29,780
7,450
11,940
37,230
16,214
| Creditors: amounts falling due within one year |
(11,798)
(19,926)
4,416
17,304
Net current assets
| Total assets less current liabilities |
21,069
7,490
21,069
Net assets
7,490
400
400
20,669
7,090
21,069
7,490
Shareholders funds
| For the year ended 31 May 2014 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: 12 September 2014 |
| Prof Jonathan Howes Director |
| Signed on behalf of the board of directors |
2 of 3
5
| Notes to the Abbreviated Financial Statements |
NEuW Limited
For the year ended 31 May 2014
| The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
| 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, 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
59,552
941
60,493
56,478
250
Charge for year
56,728
3,765
3,074
3 of 3
