The Newt Festival,Ltd - AccountsLtd - Accounts

The Newt Festival,Ltd - AccountsLtd - Accounts

THE NEWT FESTIVAL - Company Information

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2019-10-01 03716305 2020-09-30 03716305 2019-10-01 2020-09-30 03716305 2019-09-30 03716305 2018-10-01 2019-09-30 03716305 uk-core:WithinOneYear 2019-09-30 03716305 uk-core:WithinOneYear 2020-09-30 03716305 uk-core:RetainedEarningsAccumulatedLosses 2020-09-30 03716305 uk-core:RetainedEarningsAccumulatedLosses 2019-09-30 03716305 uk-bus:Director1 2019-10-01 2020-09-30 03716305 uk-bus:Director2 2019-10-01 2020-09-30 03716305 uk-core:FurnitureFittings 2019-10-01 2020-09-30 03716305 uk-core:WithinOneYear 2020-09-30 03716305 uk-core:WithinOneYear 2019-09-30 iso4217:GBP xbrli:pure 03716305 uk-bus:AuditExemptWithAccountantsReport 2019-10-01 2020-09-30 03716305 uk-bus:FRS102 2019-10-01 2020-09-30 03716305 uk-bus:FullAccounts 2019-10-01 2020-09-30 03716305 uk-bus:CompanyLimitedByGuarantee 2019-10-01 2020-09-30
The Newt Festival
Registered Number:03716305
For the year ended 30 September 2020
England and Wales
Unaudited Financial Statements
2
For the year ended 30 September 2020
The Newt Festival
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
03716305
As at 30 September 2020
The Newt Festival
Statement of Financial Position
£
£
2019
2020
Notes
Fixed assets
Property, plant and equipment
1,775
2,218
2
1,775
2,218
Current assets
16,655
Cash and cash equivalents
27,790
27,790
16,655
Trade and other payables: amounts falling due within one
year
(399)
(15,150)
3
16,256
12,640
Net current assets
Total assets less current liabilities
14,415
18,474
14,415
Net assets
18,474
Capital and reserves
Retained earnings
14,415
18,474
14,415
18,474
Members' Funds
For the year ended 30 September 2020 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 of its financial statements for the year ended 30 September 2020 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr A Williams Director
Mr A Cottey Director
These financial statements were approved and authorised for issue by the Board on 04 March 2021 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 30 September 2020
The Newt Festival
Notes to the Financial Statements
Statutory Information
The Newt Festival is a private limited company, limited by guarantee, domiciled in England and Wales, registration
number 03716305.
Registered address:
1 Impens Cottages
North Newton
Bridgwater
Somerset
TA7 0BB
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
20% Reducing balance
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2. Property, plant and equipment
Plant and
machinery
£
Cost or
valuation
At 01 October 2019
11,782
At 30 September 2020
11,782
Provision for depreciation and impairment
At 01 October 2019
9,564
Charge for year
443
At 30 September 2020
10,007
At 30 September 2020
Net book value
1,775
At 30 September 2019
2,218
2 of 3
5
For the year ended 30 September 2020
The Newt Festival
Notes to the Financial Statements Continued
3. Trade and other payables: amounts falling due within one year
2019
2020
£
£
Bank loans and overdraft
15,000
-
Trade creditors
150
399
15,150
399
4. Average number of persons employed
During the year the average number of employees was 0
3 of 3