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Registration number: 2524607

All Points North Publications Limited

Annual Report and Unaudited Financial Statements

For The Year Ended 31 March 2024

 

All Points North Publications Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

All Points North Publications Limited

(Registration number: 2524607)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

           

Fixed assets

   

 

Intangible assets

4

 

105,000

 

120,000

Tangible assets

5

 

26,293

 

29,950

   

131,293

 

149,950

Current assets

   

 

Debtors

6

215,410

 

313,966

 

Cash at bank and in hand

 

280,263

 

11,249

 

 

495,673

 

325,215

 

Creditors: Amounts falling due within one year

7

(189,044)

 

(388,699)

 

Net current assets/(liabilities)

   

306,629

 

(63,484)

Total assets less current liabilities

   

437,922

 

86,466

Creditors: Amounts falling due after more than one year

7

 

-

 

(21,667)

Provisions for liabilities

 

(6,574)

 

(5,691)

Net assets

   

431,348

 

59,108

Capital and reserves

   

 

Called up share capital

100

 

100

 

Profit and loss account

431,248

 

59,008

 

Total equity

   

431,348

 

59,108

 

All Points North Publications Limited

(Registration number: 2524607)
Balance Sheet as at 31 March 2024

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 7 August 2024 and signed on its behalf by:
 

.........................................
Mr M. Rothwell
Director

.........................................
Mr T.G. Kernachan
Director

 
     
 

All Points North Publications Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
12 Heatons Court
Leeds
LS1 4LJ
United Kingdom

These financial statements were authorised for issue by the Board on 7 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are presented in Sterling (£).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the company.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date.

 

All Points North Publications Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% Reducing balance

Fixtures and fittings

25% Reducing balance

Computer equipment

25% Reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Development costs

Research and development expenditure is expensed through the profit and loss account as incurred unless it can be demonstrated the expenditure will generate future economic benefit and its cost can be reliably measured. Such expenditure may be capitalised and amortised over its expected useful life.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% Straight line

 

All Points North Publications Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 22 (2023 - 21).

 

All Points North Publications Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2023

150,000

150,000

At 31 March 2024

150,000

150,000

Amortisation

At 1 April 2023

30,000

30,000

Amortisation charge

15,000

15,000

At 31 March 2024

45,000

45,000

Carrying amount

At 31 March 2024

105,000

105,000

At 31 March 2023

120,000

120,000

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

877,916

14,167

892,083

Additions

5,110

-

5,110

At 31 March 2024

883,026

14,167

897,193

Depreciation

At 1 April 2023

851,328

10,805

862,133

Charge for the year

7,926

841

8,767

At 31 March 2024

859,254

11,646

870,900

Carrying amount

At 31 March 2024

23,772

2,521

26,293

At 31 March 2023

26,588

3,362

29,950

 

All Points North Publications Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2024

6

Debtors

Debtors: amounts falling due within one year

2024
£

2023
£

Trade debtors

 

111,383

101,426

Amounts owed by related parties

90,587

200,000

Prepayments

 

11,125

11,554

Other debtors

 

2,315

986

   

215,410

313,966

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Loans and borrowings

-

10,000

Trade creditors

32,322

18,729

Amounts owed to group undertakings

-

105,547

Taxation and social security

106,688

34,202

Other creditors

50,034

220,221

189,044

388,699

Due after one year

Loans and borrowings

-

21,667

The company is related to All Property Management Limited by virtue of the common shareholding of Mr M. Rothwell and Mr T.G. Kernachan.

During the year a loan was repaid to All Property Management Limited in the amount of £200,000.

8

Parent and ultimate parent undertaking

The company's immediate parent is APN Holdings Ltd, incorporated in England and Wales.