PTP Accounts Production v22.1.0.628 07549988 director 1.4.21 31.3.22 31.3.22 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure075499882021-03-31075499882022-03-31075499882021-04-012022-03-31075499882020-03-31075499882020-04-012021-03-31075499882021-03-3107549988ns16:EnglandWales2021-04-012022-03-3107549988ns15:PoundSterling2021-04-012022-03-3107549988ns11:Director12021-04-012022-03-3107549988ns11:PrivateLimitedCompanyLtd2021-04-012022-03-3107549988ns11:SmallEntities2021-04-012022-03-3107549988ns11:AuditExempt-NoAccountantsReport2021-04-012022-03-3107549988ns11:SmallCompaniesRegimeForDirectorsReport2021-04-012022-03-3107549988ns11:SmallCompaniesRegimeForAccounts2021-04-012022-03-3107549988ns11:FullAccounts2021-04-012022-03-310754998812021-04-012022-03-3107549988ns11:RegisteredOffice2021-04-012022-03-3107549988ns6:CurrentFinancialInstruments2022-03-3107549988ns6:CurrentFinancialInstruments2021-03-3107549988ns6:ShareCapital2022-03-3107549988ns6:ShareCapital2021-03-3107549988ns6:RetainedEarningsAccumulatedLosses2022-03-3107549988ns6:RetainedEarningsAccumulatedLosses2021-03-3107549988ns6:NetGoodwill2021-04-012022-03-3107549988ns6:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3107549988ns6:PlantMachinery2021-04-012022-03-3107549988ns6:NetGoodwill2021-03-3107549988ns6:NetGoodwill2022-03-3107549988ns6:NetGoodwill2021-03-3107549988ns6:PlantMachinery2021-03-3107549988ns6:PlantMachinery2022-03-3107549988ns6:PlantMachinery2021-03-3107549988ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3107549988ns6:WithinOneYearns6:CurrentFinancialInstruments2021-03-31
REGISTERED NUMBER: 07549988 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2022

for

Village People Magazines Limited

Village People Magazines Limited (Registered number: 07549988)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Village People Magazines Limited

Company Information
for the Year Ended 31 March 2022







DIRECTOR: LK Goulder





REGISTERED OFFICE: The Silk House
2 Cow Hill
Norwich
Norfolk
NR2 1EZ





REGISTERED NUMBER: 07549988 (England and Wales)





ACCOUNTANTS: Emsdens Limited
10 Ladbrook Close
Elmsett
Ipswich
Suffolk
IP7 6LD

Village People Magazines Limited (Registered number: 07549988)

Statement of Financial Position
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 875
Tangible assets 5 13,426 14,910
13,426 15,785

CURRENT ASSETS
Debtors 6 178,319 181,716
Cash at bank 165,596 58,327
343,915 240,043
CREDITORS
Amounts falling due within one year 7 129,708 113,800
NET CURRENT ASSETS 214,207 126,243
TOTAL ASSETS LESS CURRENT
LIABILITIES

227,633

142,028

PROVISIONS FOR LIABILITIES 1,846 1,973
NET ASSETS 225,787 140,055

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 225,686 139,954
SHAREHOLDERS' FUNDS 225,787 140,055

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Village People Magazines Limited (Registered number: 07549988)

Statement of Financial Position - continued
31 March 2022


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 July 2022 and were signed by:





LK Goulder - Director


Village People Magazines Limited (Registered number: 07549988)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Village People Magazines 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of four years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 20% on reducing balance

Computer equipment - 25% reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Village People Magazines Limited (Registered number: 07549988)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2021 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2021
and 31 March 2022 3,500
AMORTISATION
At 1 April 2021 2,625
Charge for year 875
At 31 March 2022 3,500
NET BOOK VALUE
At 31 March 2022 -
At 31 March 2021 875

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2021 42,304
Additions 1,873
At 31 March 2022 44,177
DEPRECIATION
At 1 April 2021 27,394
Charge for year 3,357
At 31 March 2022 30,751
NET BOOK VALUE
At 31 March 2022 13,426
At 31 March 2021 14,910

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 35,312 39,380
Other debtors 143,007 142,336
178,319 181,716

Village People Magazines Limited (Registered number: 07549988)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Taxation and social security 50,123 35,390
Other creditors 79,585 78,410
129,708 113,800

8. ULTIMATE CONTROLLING PARTY

The controlling party is LK Goulder.

The ultimate controlling party is LK Goulder.