Newburn Services (Midlands) Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 08899008

Unaudited Financial Statements for the Year Ended 28 February 2017

for

Newburn Services (Midlands) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S J White

R D White

REGISTERED OFFICE:

Cherry Briars

54a Lea Bank Avenue

Kidderminster

Worcestershire

DY11 6PD

REGISTERED NUMBER:

08899008

ACCOUNTANTS:

Bridgepoint Accountants Limited

Bridge House

Bewdley

Worcestershire

DY12 1AB

FIXED ASSETS

Intangible assets

4

6,000

9,000

Tangible assets

5

3,463

2,291

9,463

11,291

CURRENT ASSETS

Debtors

6

29,441

31,616

Cash at bank

2,016

-

31,457

31,616

CREDITORS

Amounts falling due within one year

7

39,515

30,977

NET CURRENT (LIABILITIES)/ASSETS

(8,058

)

639

TOTAL ASSETS LESS CURRENT LIABILITIES

1,405

11,930

PROVISIONS FOR LIABILITIES

693

458

NET ASSETS

712

11,472

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

612

11,372

SHAREHOLDERS' FUNDS

712

11,472

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 29 November 2017 and were signed on its behalf by:

S J White - Director

1.	STATUTORY INFORMATION

Newburn Services (Midlands) Ltd is a private company, limited by shares , registered in Not specified/Other. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less

any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the

extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will

be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2016

and 28 February 2017

15,000

AMORTISATION

At 1 March 2016

6,000

Charge for year

3,000

At 28 February 2017

9,000

NET BOOK VALUE

At 28 February 2017

6,000

At 29 February 2016

9,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2016

2,637

Additions

2,038

At 28 February 2017

4,675

DEPRECIATION

At 1 March 2016

346

Charge for year

866

At 28 February 2017

1,212

NET BOOK VALUE

At 28 February 2017

3,463

At 29 February 2016

2,291

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

29.2.16

£

£

Trade debtors

14,750

27,616

Other debtors

14,691

4,000

29,441

31,616

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

29.2.16

£

£

Bank loans and overdrafts

13,433

5,879

Trade creditors

11,549

10,652

Taxation and social security

13,711

7,117

Other creditors

822

7,329

39,515

30,977