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
Newark News Limited
Company Information
for the year ended 30 September 2023
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
Newark News Limited
Statement of financial position
as at 30 September 2023
Intangible assets
60,753
52,272
Tangible assets
43,639
27,851
Cash at bank and in hand
89,388
88,946
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
Net assets
279,624
196,726
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
Newark News Limited
Notes to the Accounts
for the year ended 30 September 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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 have been valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving stock.
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
Newark News Limited
Notes to the Accounts
for the year ended 30 September 2023
4
Intangible fixed assets
Total
At 30 September 2023
120,194
Charge for the year
12,019
At 30 September 2023
59,441
At 30 September 2023
60,753
At 30 September 2022
52,272
5
Tangible fixed assets
Total
At 30 September 2023
79,527
At 30 September 2023
35,888
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).