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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
Page
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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
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Newsmart (london) Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,770 
13,712 
Current assets
Inventories
27,303 
32,818 
Debtors
26,580 
28,477 
Cash at bank and in hand
54,649 
50,505 
108,532 
111,800 
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)
Net assets
39,639 
33,305 
Capital and reserves
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
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Newsmart (london) Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
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.
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.
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
Motor vehicles
20% on RBM
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 
Depreciation
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 
Net book value
At 28 February 2023
4,000 
1,311 
6,459 
11,770 
At 28 February 2022
4,000 
1,638 
8,074 
13,712 
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Newsmart (london) Ltd Notes to the Accounts for the year ended 28 February 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
39 
1,936 
Amounts falling due after more than one year
Other debtors
26,541 
26,541 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
1,134 
1,114 
Taxes and social security
4,903 
6,020 
Loans from directors
39,874 
39,874 
Accruals
1,500 
1,500 
47,411 
48,508 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
33,252 
43,699 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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