1 October 2022 false No description of principal activity Taxfiler 2023.10.1 09682087business:PrivateLimitedCompanyLtd2022-10-012023-09-30 096820872022-09-30 096820872022-10-012023-09-30 09682087business:AuditExemptWithAccountantsReport2022-10-012023-09-30 09682087business:AbridgedAccounts2022-10-012023-09-30 096820872023-09-30 09682087business:Director12022-10-012023-09-30 09682087business:RegisteredOffice2022-10-012023-09-30 096820872022-09-30 09682087core:WithinOneYear2023-09-30 09682087core:WithinOneYear2022-09-30 09682087core:AfterOneYear2023-09-30 09682087core:AfterOneYear2022-09-30 09682087core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 09682087core:ShareCapitalcore:PreviouslyStatedAmount2022-09-30 09682087core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 09682087core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-09-30 09682087core:PreviouslyStatedAmount2023-09-30 09682087core:PreviouslyStatedAmount2022-09-30 09682087business:SmallEntities2022-10-012023-09-30 09682087countries:EnglandWales2022-10-012023-09-30 09682087core:PlantMachinery2022-10-012023-09-30 096820872021-10-012022-09-30 iso4217:GBP xbrli:pure
Company Registration No. 09682087 (England and Wales)
Newark News Limited Unaudited accounts for the year ended 30 September 2023
Newark News Limited Unaudited accounts Contents
Page
- 2 -
Newark News Limited Company Information for the year ended 30 September 2023
Director
Mr A Bridgett
Company Number
09682087 (England and Wales)
Registered Office
321 Main Street Calverton Nottingham Nottinghamshire NG14 6LT United Kingdom
Accountants
Add-itions Accountancy Solutions Ltd 321 Main Street Calverton Nottingham Nottinghamshire NG14 6LT
- 3 -
Newark News Limited Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
60,753 
52,272 
Tangible assets
43,639 
27,851 
104,392 
80,123 
Current assets
Inventories
49,021 
43,465 
Debtors
91,318 
71,099 
Cash at bank and in hand
89,388 
88,946 
229,727 
203,510 
Creditors: amounts falling due within one year
(41,292)
(32,300)
Net current assets
188,435 
171,210 
Total assets less current liabilities
292,827 
251,333 
Creditors: amounts falling due after more than one year
(10,200)
(54,000)
Provisions for liabilities
Deferred tax
(3,003)
(607)
Net assets
279,624 
196,726 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
279,614 
196,716 
Shareholders' funds
279,624 
196,726 
For the year ending 30 September 2023 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 24 November 2023 and were signed on its behalf by
Mr A Bridgett Director Company Registration No. 09682087
- 4 -
Newark News Limited Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
Newark News Limited is a private company, limited by shares, registered in England and Wales, registration number 09682087. The registered office is 321 Main Street, Calverton, Nottingham, Nottinghamshire, NG14 6LT, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 businesses in 2015,2018,2019,2020 and 2022, is being amortised evenly over its estimated useful life of 10 years.
Stocks
Stocks have been valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving stock.
Pension costs
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% and 15% on reducing balance
- 5 -
Newark News Limited Notes to the Accounts for the year ended 30 September 2023
4
Intangible fixed assets
Total 
£ 
Cost
At 1 October 2022
99,694 
Additions
20,500 
At 30 September 2023
120,194 
Amortisation
At 1 October 2022
47,422 
Charge for the year
12,019 
At 30 September 2023
59,441 
Net book value
At 30 September 2023
60,753 
At 30 September 2022
52,272 
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 October 2022
63,482 
Additions
26,545 
Disposals
(10,500)
At 30 September 2023
79,527 
Depreciation
At 1 October 2022
35,631 
Charge for the year
7,500 
On disposals
(7,243)
At 30 September 2023
35,888 
Net book value
At 30 September 2023
43,639 
At 30 September 2022
27,851 
6
Average number of employees
During the year the average number of employees was 12 (2022: 12).
- 6 -