Woodford News Ltd
Company No. 12156003
Information for Filing with The Registrar
31 August 2023
Woodford News Ltd

Directors Report Registrar
The Director presents her report and the accounts for the year ended 31 August 2023.
Principal activities
The principal activity of the company during the year under review was Retail Sale In Non-Specialised Stores Wi.
Director
The Director who served at any time during the year was as follows:
A.YADAV
-
-
During the year the total expenditure incurred by the company on behalf of UK political parties/organisations/independent election candidates was:-
Qualifying third party indemnity provisions
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
A.YADAV
Director
31 August 2023
Woodford News Ltd

Balance Sheet Registrar
at31 August 2023
Company No.12156003Notes20232022
££
Fixed assets
Tangible assets410,53913,174
10,53913,174
Current assets
Stocks545,45046,450
Debtors63,7503,750
Cash at bank and in hand2,6591,694
51,85951,894
Creditors: Amount falling due within one year7
(69,119)
(57,711)
Net current liabilities
(17,260)
(5,817)
Total assets less current liabilities
(6,721)
7,357
Creditors: Amounts falling due after more than one year8
(47,645)
(47,645)
Net liabilities
(54,366)
(40,288)
Capital and reserves
Share premium account-100100
Profit and loss account-
(54,466)
(40,388)
Total equity
(54,366)
(40,288)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 August 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 31 August 2023 and signed on its behalf by:
A.YADAV
Director
31 August 2023
Woodford News Ltd

Notes to the Accounts Registrar
for the year ended 31 August 2023
1General information
Woodford News Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 12156003
Its registered office is:
99
Woodford Avenue
Ilford
London
IG2 6UX
2Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when all the following conditions are satisfied: • the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; • the amount of revenue can be measured reliably; • it is probable that the economic benefits associated with the transaction will flow to the Company; and • the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
Leased assets
Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases. Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above). Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Defined benefit pensions
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet.
3Employees
20232022
NumberNumber
The average monthly number of employees (including directors) during the year was:33
4Tangible fixed assets
Land and buildingsPlant and machineryMotor vehiclesFixtures, fittings and equipmentTotal
£££££
Cost or revaluation
At 1 September 2022---25,73025,730
At 31 August 2023---25,73025,730
Depreciation
At 1 September 2022---12,55612,556
Charge for the year---2,6352,635
At 31 August 2023---15,19115,191
Net book values
At 31 August 2023---10,53910,539
At 31 August 2022---13,17413,174
5Stocks
20232022
££
Finished goods45,45046,450
45,45046,450
6Debtors
20232022
££
Other debtors3,7503,750
3,7503,750
7Creditors:
amounts falling due within one year
20232022
££
Taxes and social security1,3372,806
Other creditors66,28153,405
Accruals and deferred income1,5011,500
69,11957,711
8Creditors:
amounts falling due after more than one year
20232022
££
Bank loans and overdrafts47,64547,645
47,64547,645
9Reserves
Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.
Profit and loss account - includes all current and prior period retained profits and losses.
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