Company Registration No. 08398860 (England and Wales)
NewFangled Solutions Limited
Unaudited accounts
for the year ended 5 April 2019
NewFangled Solutions Limited
Unaudited accounts
Contents
NewFangled Solutions Limited
Company Information
for the year ended 5 April 2019
Directors
Ian McEwan
Clare McEwan
Company Number
08398860 (England and Wales)
Registered Office
67 PERCY PARK ROAD
TYNEMOUTH
NE30 4LG
Accountants
Abacus Jack Ltd
Portland House
Belmont Business Park
Durham
DH1 1TW
NewFangled Solutions Limited
Statement of financial position
as at 5 April 2019
Tangible assets
2,570
2,316
Cash at bank and in hand
15,926
7,004
Creditors: amounts falling due within one year
(14,291)
(7,442)
Net current assets
20,445
7,733
Total assets less current liabilities
23,015
10,049
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
22,427
9,558
Shareholders' funds
22,527
9,658
For the year ending 5 April 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 31 October 2019.
Ian McEwan
Director
Company Registration No. 08398860
NewFangled Solutions Limited
Notes to the Accounts
for the year ended 5 April 2019
NewFangled Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 08398860. The registered office is 67 PERCY PARK ROAD, TYNEMOUTH, NE30 4LG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
50% straight line
Fixtures & fittings
25% on reducing balance
Computer equipment
25% straight line
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 6 April 2018
-
4,802
4,594
9,396
Additions
2,487
-
482
2,969
At 5 April 2019
2,487
4,802
5,076
12,365
At 6 April 2018
-
3,034
4,046
7,080
Charge for the year
1,243
442
1,030
2,715
At 5 April 2019
1,243
3,476
5,076
9,795
At 5 April 2019
1,244
1,326
-
2,570
At 5 April 2018
-
1,768
548
2,316
NewFangled Solutions Limited
Notes to the Accounts
for the year ended 5 April 2019
Trade debtors
18,810
7,899
Accrued income and prepayments
-
272
6
Creditors: amounts falling due within one year
2019
2018
Taxes and social security
23,640
13,467
Other creditors
5,934
1,809
Loans from directors
(15,328)
(8,751)
The directors' loan was repaid withing 9 months of the year end.
8
Average number of employees
During the year the average number of employees was 1 (2018: 1).
