Registered number
09194414
CS NEWS LTD
Filleted Accounts
31 July 2023
CS NEWS LTD
Registered number: 09194414
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 5,479 6,682
Current assets
Stocks 4,775 1,570
Debtors 4 3,750 3,750
Cash at bank and in hand 1,918 344
10,443 5,664
Creditors: amounts falling due within one year 5 (8,877) (5,204)
Net current assets 1,566 460
Net assets 7,045 7,142
Capital and reserves
Called up share capital 100 100
Profit and loss account 6,945 7,042
Shareholders' funds 7,045 7,142
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs. Raziye Mehmet
Director
Approved by the board on 4 April 2024
CS NEWS LTD
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, as follows:
Fixtures, fittings & equipment 18% Reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A corporation tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Corporation tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Fix, fittings & equipment
£
Cost
At 1 August 2022 12,593
At 31 July 2023 12,593
Depreciation
At 1 August 2022 5,911
Charge for the year 1,203
At 31 July 2023 7,114
Net book value
At 31 July 2023 5,479
At 31 July 2022 6,682
4 Debtors 2023 2022
£ £
Prepayments & other debtors 3,750 3,750
5 Creditors: amounts falling due within one year 2023 2022
£ £
Directors loan account 5,200 -
Corporation tax 299 1,975
Social security costs 231 82
Accrued expenses & other creditors 3,147 3,147
8,877 5,204
6 Other information
CS NEWS LTD is a private company limited by shares and incorporated in England. Its registered office is:
147 Cranbrook Road
Ilford
Essex
IG1 4PU
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