Newspan Building Solutions Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06531592 (England and Wales)

Unaudited Financial Statements

for the Period 1 April 2017 to 31 December 2017

for

Newspan Building Solutions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M J Murray

REGISTERED OFFICE:

The Old Post Office

Kingsway

Chandlers Ford

Hampshire

SO53 1FD

REGISTERED NUMBER:

06531592 (England and Wales)

ACCOUNTANTS:

RWB Tax Consultants Limited

F7A Lynch Lane Offices

Lynch Lane

Weymouth

Dorset

DT4 9DN

FIXED ASSETS

Intangible assets

4

6,627

-

Tangible assets

5

6,251

9,922

Investment property

6

279,534

279,534

292,412

289,456

CURRENT ASSETS

Stocks

4,000

4,000

Debtors

7

1,617,204

1,600,502

Cash at bank

2,416,574

1,824,114

4,037,778

3,428,616

CREDITORS

Amounts falling due within one year

8

807,222

705,286

NET CURRENT ASSETS

3,230,556

2,723,330

TOTAL ASSETS LESS CURRENT LIABILITIES

3,522,968

3,012,786

PROVISIONS FOR LIABILITIES

2,109

1,573

NET ASSETS

3,520,859

3,011,213

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

3,520,759

3,011,113

3,520,859

3,011,213

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 21 September 2018 and were signed by:

M J Murray - Director

1.	STATUTORY INFORMATION

Newspan Building Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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.

Development costs are being amortised evenly over their estimated useful life of nil years.

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

-

33% on cost and 25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the period 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 period 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 (2017 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

7,363

At 31 December 2017

7,363

AMORTISATION

Charge for period

736

At 31 December 2017

736

NET BOOK VALUE

At 31 December 2017

6,627

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

48,258

Additions

3,050

At 31 December 2017

51,308

DEPRECIATION

At 1 April 2017

38,336

Charge for period

6,721

At 31 December 2017

45,057

NET BOOK VALUE

At 31 December 2017

6,251

At 31 March 2017

9,922

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2017

and 31 December 2017

279,534

NET BOOK VALUE

At 31 December 2017

279,534

At 31 March 2017

279,534

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.3.17

£

£

Trade debtors

419,967

473,998

Other debtors

1,163,141

1,113,061

Prepayments and accrued income

34,096

13,443

1,617,204

1,600,502

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.3.17

£

£

Trade creditors

246,133

157,883

Tax

146,443

156,278

Social security and other taxes

6,667

14,726

VAT

128,859

68,780

Other creditors

52,639

45,000

Directors' current accounts

78,580

158,841

Accruals and deferred income

147,901

103,778

807,222

705,286

9.	RELATED PARTY DISCLOSURES

New Span Holdings Ltd, a company in which Mr MJ Murray is also a director, had advances from Newspan

Building Solutions Ltd at 31.12.17 totalling £1,163,141. This loan repayable on demand.