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REGISTERED NUMBER: 06847396 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

A5 Magazines Ltd

A5 Magazines Ltd (Registered number: 06847396)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

A5 Magazines Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: A G Bowers
Mrs A E Bowers





REGISTERED OFFICE: 17 Millcroft Way
Handsacre
Rugeley
Staffordshire
WS15 4TE





REGISTERED NUMBER: 06847396 (England and Wales)





ACCOUNTANTS: Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

A5 Magazines Ltd (Registered number: 06847396)

Balance Sheet
31 July 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 3,000 4,000
Tangible assets 5 1,996 2,836
4,996 6,836

CURRENT ASSETS
Debtors 6 25,919 40,621
Cash at bank 12,802 1,823
38,721 42,444
CREDITORS
Amounts falling due within one year 7 (32,342 ) (29,588 )
NET CURRENT ASSETS 6,379 12,856
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,375

19,692

CREDITORS
Amounts falling due after more than one year 8 (9,621 ) (19,388 )
NET ASSETS 1,754 304

CAPITAL AND RESERVES
Called up share capital 9 3 3
Capital redemption reserve 1 1
Retained earnings 1,750 300
SHAREHOLDERS' FUNDS 1,754 304

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

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

A5 Magazines Ltd (Registered number: 06847396)

Balance Sheet - continued
31 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2024 and were signed on its behalf by:





A G Bowers - Director


A5 Magazines Ltd (Registered number: 06847396)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

A5 Magazines 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 2019, is being amortised evenly over its estimated useful life of ten 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.
Computer equipment - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

A5 Magazines Ltd (Registered number: 06847396)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 10,000
AMORTISATION
At 1 August 2022 6,000
Amortisation for year 1,000
At 31 July 2023 7,000
NET BOOK VALUE
At 31 July 2023 3,000
At 31 July 2022 4,000

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 August 2022
and 31 July 2023 4,200
DEPRECIATION
At 1 August 2022 1,364
Charge for year 840
At 31 July 2023 2,204
NET BOOK VALUE
At 31 July 2023 1,996
At 31 July 2022 2,836

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 25,919 40,621

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,883 -
Trade creditors 15,080 14,346
Taxation and social security 11,179 15,242
Other creditors 1,200 -
32,342 29,588

A5 Magazines Ltd (Registered number: 06847396)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 9,621 19,388

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
1 Ordinary C £1 1 1
3 3

Ordinary A and Ordinary B shares have full rights in the company with respect to voting, dividends and distributions.

Ordinary C shares have no rights in the company with respect to voting, dividends and distributions.

Subject to the above, all shares rank pari-passu in all respects.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
A5 Magazines Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of A5 Magazines Ltd for the year ended 31 July 2023 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of A5 Magazines Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A5 Magazines Ltd and state those matters that we have agreed to state to the Board of Directors of A5 Magazines Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A5 Magazines Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that A5 Magazines Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A5 Magazines Ltd. You consider that A5 Magazines Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of A5 Magazines Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


31 January 2024