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REGISTERED NUMBER: 07307974 (England and Wales)















Unaudited Financial Statements for the Year Ended 14 May 2023

for

Suffolk News Delivery Limited

Suffolk News Delivery Limited (Registered number: 07307974)






Contents of the Financial Statements
for the Year Ended 14 May 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Suffolk News Delivery Limited

Company Information
for the Year Ended 14 May 2023







DIRECTORS: Mr A Rose
Mrs J Rose





REGISTERED OFFICE: Rosehart
Baylham
Ipswich
Suffolk
IP6 8JW





REGISTERED NUMBER: 07307974 (England and Wales)





ACCOUNTANTS: Emsdens Limited - Chartered Certified Accountants
Ladbrook Close
Elmsett
Ipswich
Suffolk
IP7 6LD

Suffolk News Delivery Limited (Registered number: 07307974)

Statement of Financial Position
14 May 2023

14.5.23 14.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 28,926 37,384
Tangible assets 5 77,214 74,081
106,140 111,465

CURRENT ASSETS
Debtors 6 484,721 369,542
Cash at bank 182,259 194,100
666,980 563,642
CREDITORS
Amounts falling due within one year 7 135,014 128,908
NET CURRENT ASSETS 531,966 434,734
TOTAL ASSETS LESS CURRENT
LIABILITIES

638,106

546,199

CREDITORS
Amounts falling due after more than one
year

8

22,500

32,500
NET ASSETS 615,606 513,699

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 615,605 513,698
SHAREHOLDERS' FUNDS 615,606 513,699

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 14 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 14 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Suffolk News Delivery Limited (Registered number: 07307974)

Statement of Financial Position - continued
14 May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 February 2024 and were signed on its behalf by:





Mr A Rose - Director


Suffolk News Delivery Limited (Registered number: 07307974)

Notes to the Financial Statements
for the Year Ended 14 May 2023

1. STATUTORY INFORMATION

Suffolk News Delivery Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Purchased goodwill is amortised over a 5 year period from the date of purchase.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 25% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 14 ) .

Suffolk News Delivery Limited (Registered number: 07307974)

Notes to the Financial Statements - continued
for the Year Ended 14 May 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 15 May 2022 61,088
Additions 1,200
At 14 May 2023 62,288
AMORTISATION
At 15 May 2022 23,704
Charge for year 9,658
At 14 May 2023 33,362
NET BOOK VALUE
At 14 May 2023 28,926
At 14 May 2022 37,384

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 15 May 2022 84,618
Additions 31,234
Disposals (10,790 )
At 14 May 2023 105,062
DEPRECIATION
At 15 May 2022 10,537
Charge for year 19,156
Eliminated on disposal (1,845 )
At 14 May 2023 27,848
NET BOOK VALUE
At 14 May 2023 77,214
At 14 May 2022 74,081

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
14.5.23 14.5.22
£    £   
Trade debtors 99,438 61,088
Other debtors 385,283 308,454
484,721 369,542

Suffolk News Delivery Limited (Registered number: 07307974)

Notes to the Financial Statements - continued
for the Year Ended 14 May 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
14.5.23 14.5.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 38,500 45,207
Taxation and social security 77,630 61,353
Other creditors 8,884 12,348
135,014 128,908

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
14.5.23 14.5.22
£    £   
Bank loans 22,500 32,500

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 14.5.23 14.5.22
value: £    £   
1 Ordinary shares £1 1 1

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr A Rose.

The ultimate controlling party is Mr A Rose.