Newgrange Associates Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03367199 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2018

for

NEWGRANGE ASSOCIATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

T Wroughton

SECRETARY:

Miss E L Wroughton

REGISTERED OFFICE:

8 Crown Meadow

Lower Broadheath

Worcester

Worcestershire

WR2 6QJ

REGISTERED NUMBER:

03367199 (England and Wales)

ACCOUNTANTS:

Boyds

20 Sansome Walk

Worcester

WR1 1LR

FIXED ASSETS

Tangible assets

4

1,156

1,734

CURRENT ASSETS

Debtors

5

667

551

Cash at bank

13,445

12,705

14,112

13,256

CREDITORS

Amounts falling due within one year

6

7,671

5,099

NET CURRENT ASSETS

6,441

8,157

TOTAL ASSETS LESS CURRENT LIABILITIES

7,597

9,891

PROVISIONS FOR LIABILITIES

193

297

NET ASSETS

7,404

9,594

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

7,402

9,592

SHAREHOLDERS' FUNDS

7,404

9,594

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 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 20 December 2018 and were signed by:

T Wroughton - Director

1.	STATUTORY INFORMATION

Newgrange Associates 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.

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.

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

-

33.33% 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 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2017

and 30 June 2018

9,450

DEPRECIATION

At 1 July 2017

7,716

Charge for year

578

At 30 June 2018

8,294

NET BOOK VALUE

At 30 June 2018

1,156

At 30 June 2017

1,734

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Prepayments

667

551

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Tax

7,096

3,641

Social security and other taxes

-

74

Directors' current accounts

93

443

Accrued expenses

482

941

7,671

5,099

7.	ULTIMATE CONTROLLING PARTY

The controlling party is T Wroughton.