Newman Moore Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02524209 (England and Wales)

NEWMAN MOORE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2018

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

8

Chartered Accountants' Report

9

DIRECTORS:

M K Newman

R M Newman

D J Dickinson

SECRETARY:

M K Newman

REGISTERED OFFICE:

42 Northgate

Sleaford

Lincolnshire

NG34 7AF

REGISTERED NUMBER:

02524209 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

18 Northgate

Sleaford

Lincolnshire

NG34 7BJ

FIXED ASSETS

Tangible assets

4

21,853

4,572

Investments

5

3

3

Investment property

6

-

210,000

21,856

214,575

CURRENT ASSETS

Stocks

231,436

183,696

Debtors

7

722,468

791,364

Cash at bank and in hand

366,338

612,459

1,320,242

1,587,519

CREDITORS

Amounts falling due within one year

8

541,449

478,124

NET CURRENT ASSETS

778,793

1,109,395

TOTAL ASSETS LESS CURRENT LIABILITIES

800,649

1,323,970

CREDITORS

Amounts falling due after more than one year

9

(6,764

)

-

PROVISIONS FOR LIABILITIES

(3,715

)

(777

)

NET ASSETS

790,170

1,323,193

CAPITAL AND RESERVES

Called up share capital

12

3

3

Retained earnings

790,167

1,323,190

SHAREHOLDERS' FUNDS

790,170

1,323,193

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 22 January 2019 and were signed on its behalf by:

M K Newman - Director

1.	STATUTORY INFORMATION

Newman Moore 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.

Revenue is recognised on the sale of land and houses when the risks and rewards of the underlying sale have

been substantially transferred to the customer, which is upon the exchange of contracts.

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, 25% on reducing balance and 15% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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

Stock and work in progress are valued at the lower of cost and net realisable value. Cost, in the case of land,

includes legal fees and other expenses incurred in acquisition. Work in progress includes the cost of materials

and labour to date, and a fair level of profit on long term contracts is recognised. Consideration has been given

to the current housing market and, where appropriate, the net realisable values of the developments have

been used rather than the cost.

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 statement of financial position date.

Deferred tax

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

statement of financial position 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.

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 year was 21 (2017 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2017

40,394

Additions

23,989

At 30 April 2018

64,383

DEPRECIATION

At 1 May 2017

35,822

Charge for year

6,708

At 30 April 2018

42,530

NET BOOK VALUE

At 30 April 2018

21,853

At 30 April 2017

4,572

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 May 2017

and 30 April 2018

3

NET BOOK VALUE

At 30 April 2018

3

At 30 April 2017

3

6.	INVESTMENT PROPERTY

Total

£

COST

At 1 May 2017

210,000

Disposals

(210,000

)

At 30 April 2018

-

NET BOOK VALUE

At 30 April 2018

-

At 30 April 2017

210,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

447,047

236,473

Other debtors

275,421

554,891

722,468

791,364

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Hire purchase contracts (see note 10)

6,052

-

Trade creditors

343,365

322,296

Taxation and social security

92,285

49,622

Other creditors

99,747

106,206

541,449

478,124

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Hire purchase contracts (see note 10)

6,764

-

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

2018

2017

£

£

Net obligations repayable:

Within one year

6,052

-

Between one and five years

6,764

-

12,816

-

Non-cancellable operating

leases

2018

2017

£

£

Within one year

6,229

6,229

Between one and five years

10,901

17,130

17,130

23,359

11.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Hire purchase contracts

12,816

-

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

3

Ordinary

£1

3

3

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2018 and

30 April 2017:

2018

2017

£

£

M K Newman

Balance outstanding at start of year

21,667

(2,719

)

Amounts advanced

23,857

32,426

Amounts repaid

(36,675

)

(8,040

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

8,849

21,667

R M Newman

Balance outstanding at start of year

155

(23,627

)

Amounts advanced

124,256

31,822

Amounts repaid

(36,674

)

(8,040

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

87,737

155

N J Houlden

Balance outstanding at start of year

27,676

13,802

Amounts advanced

9,244

35,039

Amounts repaid

(36,920

)

(21,165

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

27,676

Interest on overdrawn directors loan accounts is charged in the accounts at the official rate.

The loans made to the directors are unsecured and repayable on demand.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a

Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary

statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

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

financial statements of Newman Moore Limited for the year ended 30 April 2018 which comprise the Statement of

Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting

records and from information and explanations you have given us.

As a practising member 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Newman Moore Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Newman Moore Limited and state those matters that we have agreed to state to the Board of Directors of Newman Moore Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Newman Moore Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Newman Moore Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Newman Moore Limited. You consider that Newman Moore 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 financial statements of Newman Moore 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 financial statements.

Duncan & Toplis Limited

18 Northgate

Sleaford

Lincolnshire

NG34 7BJ

Date: .............................................