Company Registration No. 11185102 (England and Wales)
Newsmart (london) Ltd
Unaudited accounts
for the year ended 28 February 2023
Newsmart (london) Ltd
Unaudited accounts
Contents
Newsmart (london) Ltd
Company Information
for the year ended 28 February 2023
Directors
Inderjeet SIngh Chopra
Petar Atanasov Petrov
Company Number
11185102 (England and Wales)
Registered Office
493 High Road
Wembley
HA0 2DH
England
Newsmart (london) Ltd
Statement of financial position
as at 28 February 2023
Tangible assets
11,770
13,712
Cash at bank and in hand
54,649
50,505
Creditors: amounts falling due within one year
(47,411)
(48,508)
Net current assets
61,121
63,292
Total assets less current liabilities
72,891
77,004
Creditors: amounts falling due after more than one year
(33,252)
(43,699)
Called up share capital
100
100
Profit and loss account
39,539
33,205
Shareholders' funds
39,639
33,305
For the year ending 28 February 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 of Directors and authorised for issue on 20 November 2023 and were signed on its behalf by
Inderjeet SIngh Chopra
Director
Company Registration No. 11185102
Newsmart (london) Ltd
Notes to the Accounts
for the year ended 28 February 2023
Newsmart (london) Ltd is a private company, limited by shares, registered in England and Wales, registration number 11185102. The registered office is 493 High Road, Wembley, HA0 2DH, England.
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.
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:
Land & buildings
No Depreciation
Fixtures & fittings
20% on RBM
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2022
4,000
4,000
15,770
23,770
At 28 February 2023
4,000
4,000
15,770
23,770
At 1 March 2022
-
2,362
7,696
10,058
Charge for the year
-
327
1,615
1,942
At 28 February 2023
-
2,689
9,311
12,000
At 28 February 2023
4,000
1,311
6,459
11,770
At 28 February 2022
4,000
1,638
8,074
13,712
Newsmart (london) Ltd
Notes to the Accounts
for the year ended 28 February 2023
Amounts falling due within one year
Amounts falling due after more than one year
Other debtors
26,541
26,541
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
4,903
6,020
Loans from directors
39,874
39,874
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).