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2024-07-31-accounts

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

NEWBY FUN FACTORY LIMITED

NEWBY FUN FACTORY LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

Page
Company Information 1
Report of the Directors 2
Statement of Income and Retained Earnings 3
Balance Sheet 4
Notes to the Financial Statements 5
Trading and Profit and Loss Account 7

NEWBY FUN FACTORY LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 JULY 2024

DIRECTORS: H R Stead J K Merritt S Liddle C S Liddle L Ferrey REGISTERED OFFICE: The Green Scarborough

North Yorkshire

YO12 5JA

REGISTERED NUMBER: 04258025 (England and Wales)

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 JULY 2024

The directors present their report with the financial statements of the company for the year ended 31 July 2024.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the provision of before and after school/holiday child care. The company is limited by guarantee and does not have any share capital.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 August 2023 to the date of this report.

H R Stead J K Merritt S Liddle C S Liddle L Ferrey

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

J K Merritt - Director

23 April 2025

Page 1

NEWBY FUN FACTORY LIMITED

STATEMENT OF INCOME AND RETAINED EARNINGS

FOR THE YEAR ENDED 31 JULY 2024

Notes
TURNOVER
Cost of sales
GROSS PROFIT
Administrative expenses
OPERATING PROFIT
4
Interest receivable and similar income
PROFIT BEFORE TAXATION
Tax on profit
PROFIT FOR THE FINANCIAL YEAR
Retained earnings at beginning of year
RETAINED EARNINGS AT END OF
YEAR		 31.7.24
£
354,166
13,254
340,912
301,720
39,192
1,622
40,814
-
40,814
384,595
425,409		 31.7.23
£
334,444
17,327
317,117
278,827
38,290
478
38,768
-
38,768
345,827
384,595

Page 2

NEWBY FUN FACTORY LIMITED

The notes form part of these financial statements

BALANCE SHEET
31 JULY 2024
31.7.24 31.7.23
Notes £ £ £
FIXED ASSETS
Tangible assets 5 77,241 1,222
CURRENT ASSETS
Debtors 6 17,558 14,433
Cash at bank and in hand 335,695 372,261
353,253 386,694
CREDITORS
Amounts falling due within one year 7 4,157 2,393
NET CURRENT ASSETS 349,096 384,301
TOTAL ASSETS LESS CURRENT
LIABILITIES 426,337 385,523
RESERVES
Capital redemption reserve 928 928
Retained earnings 425,409 384,595
426,337 385,523

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

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

The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2025 and were signed on its behalf by:

S Liddle - Director

Page 3

NEWBY FUN FACTORY LIMITED

The notes form part of these financial statements

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

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.

Long leasehold - 1% on cost or valuation, excluding land 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 16 (2023 - 16).

Page 4

NEWBY FUN FACTORY LIMITED

continued...

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024

4. OPERATING PROFIT

The operating profit is stated after charging:
31.7.24 31.7.23
£ £
Depreciation - owned assets 595 602
5. TANGIBLE FIXED ASSETS Land and Plant and
buildings machinery
£ etc
£ Totals
- £
COST 76,614 16,001
At 1 August 2023
Additions		 76,614 -
16,001		 16,001
76,614
At 31 July 2024 92,615
-
DEPRECIATION 192 14,779
At 1 August 2023
Charge for year		 19
2		 403
15,182		 14,779
595
At 31 July 2024 76,422 15,374
NET BOOK VALUE 819
At 31 July 2024 - 1,22 77,241
At 31 July 2023 2 1,22
2
6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£ £
Trade debtors 17,558 14,433
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.7.24
£
Taxation and social security
Other creditors		 4,157
-
4,157		 31.7.23
£
1,287
1,106
2,393
Sales TRADING AND PROFIT AND LOSS ACCOUNT 31.7.23 £
FOR THE YEAR ENDED 31 JULY 2024 £
Cost of sales 334,444
Purchases 31.7.24
Dinners £ £
354,166 6,935
10,392 17,327

5,436

Page 5

NEWBY FUN FACTORY LIMITED

GROSS PROFIT
Other income
Deposit account interest
Expenditure
Rent
Insurance
Wages
Pensions
Telephone
Post, stationery and adverts
Visits and travelling
Software and website
Repairs and renewals
Training and HR
Sundry expenses
Accountancy and payroll
Professional fees
Finance costs
Bank charges
Depreciation
Long leasehold
Fixtures and fittings
NET PROFIT		 7,818
5,848
984
249,874
8,332
7,534
4,429
8,314
3,317
1,385
7,080
1,229
1,828
-
192
403		 13,254
340,912
1,622
342,534
300,154
42,380
971
41,409
595
40,8
14		 2,690
1,020
245,357
7,872
3,960
4,885
5,711
240
993
1,691
906
1,749
220
-
602
317,117
478
317,595
277,294
40,301
931
39,370
602
38,76
8

This page does not form part of the statutory financial statements

Page 6