NEWDEAL_LIMITED - Accounts

NEWDEAL LIMITED - Company Information

Print Friendly Version

Company Registration No. 03267057 (England and Wales)

NEWDEAL LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

NEWDEAL LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

NEWDEAL LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

330,776

346,945

Current assets

Stocks

104,714

102,569

Debtors

33,838

93,859

Cash at bank and in hand

156,565

77,213

295,117

273,641

Creditors: amounts falling due within one year

(172,932)

(120,806)

Net current assets

122,185

152,835

Total assets less current liabilities

452,961

499,780

Creditors: amounts falling due after more than one year

(17,542)

(21,902)

Provisions for liabilities

(11,752)

(12,947)

Accruals and deferred income

(4,782)

(4,988)

418,885

459,943

Capital and reserves

Called up share capital

1,045

Profit and loss account

417,840

458,898

Shareholders' funds

418,885

459,943

NEWDEAL LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 NOVEMBER 2016

- 2 -

For the financial year ended 30 November 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 19 January 2017

Mr N E V Grigg

Director

Company Registration No. 03267057

NEWDEAL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

2% straight line

Plant and machinery

15% reducing balance
(computer equipment - 25% straight line)

Motor vehicles

25% reducing balance

No depreciation is provided in respect of freehold land.

1.5

Deferred taxation

Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the extent that, in the opinion of the there is a reasonable probability that a liability or asset will crystallise in the foreseeable future.

1.6

Government grants

Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

NEWDEAL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2016

- 4 -

Fixed assets

Tangible assets

Cost

At 1 December 2015

588,355

Additions

6,396

At 30 November 2016

594,751

Depreciation

At 1 December 2015

241,410

Charge for the year

22,565

At 30 November 2016

263,975

Net book value

At 30 November 2016

330,776

At 30 November 2015

346,945

Share capital

2016

2015

Allotted, called up and fully paid

1,000 Ordinary shares of £1 each

1,000

15 Ordinary 'A' shares of £1 each

15 Ordinary 'B' shares of £1 each

15 Ordinary 'C' shares of £1 each

1,045

Ultimate controlling party

The company was controlled throughout the year by the Directors by virtue of the fact that between them, they owned 100% of the voting Ordinary shares of the company.