Company Registration No. 02482410 (England and Wales)
NEWTONVALE LIMITED
Unaudited accounts
for the year ended 31 December 2022
NEWTONVALE LIMITED
Unaudited accounts
Contents
NEWTONVALE LIMITED
Company Information
for the year ended 31 December 2022
Directors
P Zatland
A P Baker
Secretary
INCE GD CORPORATE SERVICES LIMITED
Company Number
02482410 (England and Wales)
Registered Office
C/O Ince & Co Corporate Services Limited
40 Gracechurch Street
London
EC3V 0BT
Accountants
Xoba Limited
26 Landsmoor Drive
Longton
Preston
Lancashire
PR4 5PE
NEWTONVALE LIMITED
Statement of financial position
as at 31 December 2022
Creditors: amounts falling due within one year
(164,939)
(79,395)
Net current liabilities
(164,939)
(79,395)
Net liabilities
(164,938)
(79,394)
Called up share capital
1,200
1,200
Share premium
62,900
62,900
Profit and loss account
(229,038)
(143,494)
Shareholders' funds
(164,938)
(79,394)
For the year ending 31 December 2022 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.
The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2023 and were signed on its behalf by
P Zatland
Director
Company Registration No. 02482410
NEWTONVALE LIMITED
Notes to the Accounts
for the year ended 31 December 2022
NEWTONVALE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02482410. The registered office is C/O Ince & Co Corporate Services Limited, 40 Gracechurch Street, London, EC3V 0BT.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Investments in shares are included at fair value.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
NEWTONVALE LIMITED
Notes to the Accounts
for the year ended 31 December 2022
4
Intangible fixed assets
Goodwill
5
Investments
Other investments
Valuation at 1 January 2022
1
Valuation at 31 December 2022
1
Shares in group undertakings and participating interests.
6
Creditors: amounts falling due within one year
2022
2021
Amounts owed to group undertakings and other participating interests
164,939
67,927
Taxes and social security
-
10,119
7
Average number of employees
During the year the average number of employees was 0 (2021: 2).