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REGISTERED NUMBER: 06311397 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2023

FOR

NEWS FOOD & BOOZE LTD

NEWS FOOD & BOOZE LTD (REGISTERED NUMBER: 06311397)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NEWS FOOD & BOOZE LTD

COMPANY INFORMATION
for the Year Ended 31st July 2023







Directors: L Dhanji
Mrs H Dhanji





Registered office: 68 Grasmere Crescent
Eccles
Manchester
Greater Manchester
M30 8DW





Registered number: 06311397 (England and Wales)





Accountants: DBF Associates
Chartered Accountants
South Cheetham B C
10 Park Place
Manchester
Lancashire
M4 4EY

NEWS FOOD & BOOZE LTD (REGISTERED NUMBER: 06311397)

BALANCE SHEET
31st July 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 130,400 139,080
Tangible assets 5 13,828 16,009
144,228 155,089

Current assets
Stocks 129,621 128,125
Debtors 6 15,441 15,441
Cash in hand 30,578 40,849
175,640 184,415
Creditors
Amounts falling due within one year 7 145,387 132,537
Net current assets 30,253 51,878
Total assets less current liabilities 174,481 206,967

Creditors
Amounts falling due after more than one year 8 37,264 50,113
Net assets 137,217 156,854

Capital and reserves
Called up share capital 9 100 100
Retained earnings 137,117 156,754
Shareholders' funds 137,217 156,854

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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.

NEWS FOOD & BOOZE LTD (REGISTERED NUMBER: 06311397)

BALANCE SHEET - continued
31st July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21st September 2023 and were signed on its behalf by:





L Dhanji - Director


NEWS FOOD & BOOZE LTD (REGISTERED NUMBER: 06311397)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st July 2023

1. Statutory information

News Food & Booze Ltd 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
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty five years.

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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. Employees and directors

The average number of employees during the year was 9 (2022 - 11 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1st August 2022
and 31st July 2023 217,000
Amortisation
At 1st August 2022 77,920
Charge for year 8,680
At 31st July 2023 86,600
Net book value
At 31st July 2023 130,400
At 31st July 2022 139,080

NEWS FOOD & BOOZE LTD (REGISTERED NUMBER: 06311397)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st July 2023

5. Tangible fixed assets
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
Cost
At 1st August 2022
and 31st July 2023 69,998 14,990 84,988
Depreciation
At 1st August 2022 66,131 2,848 68,979
Charge for year 967 1,214 2,181
At 31st July 2023 67,098 4,062 71,160
Net book value
At 31st July 2023 2,900 10,928 13,828
At 31st July 2022 3,867 12,142 16,009

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Other debtors 15,441 15,441

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 35,430 31,303
Trade creditors 20,836 10,643
Taxation and social security 59,166 64,073
Other creditors 29,955 26,518
145,387 132,537

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 37,264 50,113

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 37,264 50,113

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinery 1 100 100

NEWS FOOD & BOOZE LTD (REGISTERED NUMBER: 06311397)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st July 2023

10. Related party disclosures

The company paid £ 62,127 in rent to the directors.