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Registered Number: 04838471
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 July 2023

for

START SPREADING THE NEWS LIMITED

 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 1,041    696 
1,041    696 
Current assets      
Stocks 4 106,751    142,070 
Debtors 5 170,182    5,706 
Cash at bank and in hand 112,877    221,287 
389,810    369,063 
Creditors: amount falling due within one year 6 (78,246)   (59,479)
Net current assets 311,564    309,584 
 
Total assets less current liabilities 312,605    310,280 
Net assets 312,605    310,280 
 

Capital and reserves
     
Called up share capital 62    62 
Profit and loss account 312,543    310,218 
Shareholder's funds 312,605    310,280 
 


For the year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 28 September 2023 and were signed on its behalf by:


-------------------------------
James Howes
Director
1
General Information
START SPREADING THE NEWS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04838471, registration address Unit 7, Aylsham Road, Norwich, Norfolk, NR3 2AD.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery 20% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 1 (2022 : 1).
3.

Tangible fixed assets

Cost or valuation Plant and machinery   Total
  £   £
At 01 August 2022 1,094    1,094 
Additions 622    622 
Disposals  
At 31 July 2023 1,716    1,716 
Depreciation
At 01 August 2022 398    398 
Charge for year 277    277 
On disposals  
At 31 July 2023 675    675 
Net book values
Closing balance as at 31 July 2023 1,041    1,041 
Opening balance as at 01 August 2022 696    696 


4.

Stocks

2023
£
  2022
£
Stocks 106,751    142,070 
106,751    142,070 

5.

Debtors: amounts falling due within one year

2023
£
  2022
£
Prepayments & Accrued Income 4,305   
Other Debtors 165,877    5,706 
170,182    5,706 

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Corporation Tax 5,347    6,779 
Other Creditors 1,044   
VAT 20,084    4,457 
Directors' Current Accounts 51,771    48,243 
78,246    59,479 

7.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2023
£
 2022
£
 2023
£
 2022
£
Howes's Houses Ltd156,999 

During the year the company issued a loan of £164,994 to Howes's Houses Ltd, of which £156,999 remains recoverable at year end (prior year: £0).
2