Newtech Hardware Limited - Accounts to registrar - small 17.2

NEWTECH HARDWARE LIMITED - Company Information

IRIS Accounts Production v17.2.1.52 02916332 Board of Directors Board of Directors 1.2.16 31.1.17 31.1.17 false true false false true false "A" Ordinary 1.00000 "B" Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure029163322016-01-31029163322017-01-31029163322016-02-012017-01-31029163322015-01-31029163322015-02-012016-01-31029163322016-01-3102916332ns15:EnglandWales2016-02-012017-01-3102916332ns14:PoundSterling2016-02-012017-01-3102916332ns10:Director12016-02-012017-01-3102916332ns10:Director22016-02-012017-01-3102916332ns10:PrivateLimitedCompanyLtd2016-02-012017-01-3102916332ns10:SmallEntities2016-02-012017-01-3102916332ns10:AuditExempt-NoAccountantsReport2016-02-012017-01-3102916332ns10:SmallCompaniesRegimeForDirectorsReport2016-02-012017-01-3102916332ns10:SmallCompaniesRegimeForAccounts2016-02-012017-01-3102916332ns10:AbridgedAccounts2016-02-012017-01-3102916332ns10:OrdinaryShareClass12016-02-012017-01-3102916332ns10:OrdinaryShareClass22016-02-012017-01-3102916332ns10:Director32016-02-012017-01-3102916332ns10:Director42016-02-012017-01-3102916332ns10:CompanySecretary12016-02-012017-01-3102916332ns10:RegisteredOffice2016-02-012017-01-3102916332ns5:CurrentFinancialInstruments2017-01-3102916332ns5:CurrentFinancialInstruments2016-01-3102916332ns5:ShareCapital2017-01-3102916332ns5:ShareCapital2016-01-3102916332ns5:RetainedEarningsAccumulatedLosses2017-01-3102916332ns5:RetainedEarningsAccumulatedLosses2016-01-3102916332ns5:PlantMachinery2016-02-012017-01-3102916332ns5:FurnitureFittings2016-02-012017-01-3102916332ns5:MotorVehicles2016-02-012017-01-3102916332ns5:ComputerEquipment2016-02-012017-01-3102916332ns5:Non-currentFinancialInstruments2017-01-3102916332ns5:Non-currentFinancialInstruments2016-01-3102916332ns10:OrdinaryShareClass12017-01-3102916332ns10:OrdinaryShareClass22017-01-31

REGISTERED NUMBER: 02916332 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2017

FOR

NEWTECH HARDWARE LIMITED

Page

Company Information

Abridged Balance Sheet

Notes to the Financial Statements

DIRECTORS:

C J Gillies

W Cox

M Cox

D Hart

SECRETARY:

M Cox

REGISTERED OFFICE:

Unit 4a

Buckley Road Industrial Estate

Rochdale

Lancashire

OL12 9EF

REGISTERED NUMBER:

02916332 (England and Wales)

ACCOUNTANTS:

D & J Randles

Chartered Accountants

203 Askern Road

Bentley

Doncaster

South Yorkshire

DN5 0JR

FIXED ASSETS

Tangible assets

36,876

CURRENT ASSETS

Stocks

291,744

Debtors

217,172

297,664

Cash at bank and in hand

462,524

102,530

679,696

691,938

CREDITORS

Amounts falling due within one year

(29,586

)

(150,305

)

NET CURRENT ASSETS

650,110

541,633

TOTAL ASSETS LESS CURRENT
LIABILITIES

650,110

578,509

PROVISIONS FOR LIABILITIES

(3,635

)

NET ASSETS

650,110

574,874

CAPITAL AND RESERVES

Called up share capital

Retained earnings

650,070

574,834

SHAREHOLDERS' FUNDS

650,110

574,874

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 25 July 2017 and were signed on its behalf by:

W Cox - Director

C J Gillies - Director

1.	STATUTORY INFORMATION

Newtech Hardware 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

20% on reducing balance

Fixtures and fittings

20% on reducing balance

Motor vehicles

20% on reducing balance

Computer equipment

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2016 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Totals

COST

At 1 February 2016

82,268

Disposals

(82,268

)

At 31 January 2017

DEPRECIATION

At 1 February 2016

45,392

Charge for year

1,732

Eliminated on disposal

(47,124

)

At 31 January 2017

NET BOOK VALUE

At 31 January 2017

At 31 January 2016

36,876

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.1.17

31.1.16

Amounts owed by group undertakings

64,366

70,401

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.17

31.1.16

value:

"A" Ordinary

£1

"B" Ordinary

£1

7.	CONTINGENT LIABILITIES

The company has given a cross-guarantee to RMU Properties Ltd in respect of bank borrowing. The amount

owed by RMU Properties Ltd to the bank at the year end amounted to £391,740 (2016 £430,293).

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company owed the following amounts to the directors shown below at the year end:

C J Gilles £nil. (2016 - £985)

W Cox £nil. (2016 - £985)

M Cox £nil. (2016 - £734)

9.	PARENT UNDERTAKING

The parent undertaking is RMU Holdings Ltd.

The registered office and principal place of business is:

Unit 4a Buckley Road Industrial Estate

Rochdale

Lancashire

OL12 9EF