REGISTERED NUMBER: 04258025 (England and Wales)
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022
FOR
NEWBY FUN FACTORY LIMITED
NEWBY FUN FACTORY LIMITED (REGISTERED NUMBER: 04258025)
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022
| Page | |
|---|---|
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
NEWBY FUN FACTORY LIMITED
COMPANY INFORMATION FOR THE YEAR ENDED 31 JULY 2022
DIRECTORS:
H R Stead J K Merritt S Liddle C S Liddle L Ferrey
REGISTERED OFFICE:
REGISTERED NUMBER:
The Green Scarborough North Yorkshire YO12 5JA 04258025 (England and Wales)
Page 1
NEWBY FUN FACTORY LIMITED (REGISTERED NUMBER: 04258025)
BALANCE SHEET 31 JULY 2022
| Notes FIXED ASSETS Tangible assets 4 CURRENT ASSETS Debtors 5 Cash at bank and in hand CREDITORS Amounts falling due within one year 6 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES RESERVES Capital redemption reserve Retained earnings |
31.7.22 £ 1,691 346,719 348,410 3,479 |
£ 1,824 344,931 346,755 928 345,827 346,755 |
31.7.21 £ - 271,878 271,878 11,438 |
£ 2,737 260,440 |
|---|---|---|---|---|
| 263,177 | ||||
| 928 262,249 |
||||
| 263,177 |
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 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 applicable to companies subject to the small companies regime.
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.
The financial statements were approved by the Board of Directors and authorised for issue on 13 June 2023 and were signed on its behalf by:
S Liddle - Director
The notes form part of these financial statements
Page 2
NEWBY FUN FACTORY LIMITED (REGISTERED NUMBER: 04258025)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022
1. STATUTORY INFORMATION
Newby Fun Factory 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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. Fixtures and fittings - 33% on reducing balance
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
3. EMPLOYEES AND DIRECTORS
The average number of employees during the year was 15 (2021 - 14).
continued...
Page 3
NEWBY FUN FACTORY LIMITED (REGISTERED NUMBER: 04258025)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2022
4. TANGIBLE FIXED ASSETS
| 4. | TANGIBLE FIXED ASSETS | ||
|---|---|---|---|
| Plant and | |||
| machinery | |||
| etc | |||
| £ | |||
| COST | |||
| At 1 August 2021 | |||
| and 31 July 2022 | 16,001 | ||
| DEPRECIATION | |||
| At 1 August 2021 | 13,264 | ||
| Charge for year | 913 | ||
| At 31 July 2022 | 14,177 | ||
| NET BOOK VALUE | |||
| At 31 July 2022 | 1,824 | ||
| At 31 July 2021 | 2,737 | ||
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.7.22 | 31.7.21 | ||
| £ | £ | ||
| Trade debtors | 1,691 | - | |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.7.22 | 31.7.21 | ||
| £ | £ | ||
| Taxation and social security | 2,055 | 3,511 | |
| Other creditors | 1,424 | 7,927 | |
| 3,479 | 11,438 |
Page 4