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REGISTERED NUMBER: 05696999 (England and Wales)


Financial Statements for the Year Ended 31 January 2024

for

Newsmarket (UK) Limited

Newsmarket (UK) Limited (Registered number: 05696999)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Newsmarket (UK) Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mr Guljit Singh





SECRETARY: Mr Resham Singh





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
West Midlands
CV6 4AD





REGISTERED NUMBER: 05696999 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Newsmarket (UK) Limited (Registered number: 05696999)

Statement of Financial Position
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,911 12,911
Property, plant and equipment 5 96,099 89,489
109,010 102,400

CURRENT ASSETS
Inventories 41,215 41,722
Debtors 6 3,013 2,993
Cash at bank and in hand 12,058 19,086
56,286 63,801
CREDITORS
Amounts falling due within one year 7 85,647 75,944
NET CURRENT LIABILITIES (29,361 ) (12,143 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,649

90,257

CREDITORS
Amounts falling due after more than one
year

8

37,040

42,593
NET ASSETS 42,609 47,664

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 42,509 47,564
SHAREHOLDERS' FUNDS 42,609 47,664

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Newsmarket (UK) Limited (Registered number: 05696999)

Statement of Financial Position - continued
31 January 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 August 2024 and were signed by:





Mr Guljit Singh - Director


Newsmarket (UK) Limited (Registered number: 05696999)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Newsmarket (UK) Limited 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 represented net sales of goods,excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015.

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.
Plant and machinery etc - 15% on reducing balance

Stocks
Inventories 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 1 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 12,911
NET BOOK VALUE
At 31 January 2024 12,911
At 31 January 2023 12,911

Newsmarket (UK) Limited (Registered number: 05696999)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 72,362 36,083 108,445
Additions - 10,799 10,799
At 31 January 2024 72,362 46,882 119,244
DEPRECIATION
At 1 February 2023 - 18,956 18,956
Charge for year - 4,189 4,189
At 31 January 2024 - 23,145 23,145
NET BOOK VALUE
At 31 January 2024 72,362 23,737 96,099
At 31 January 2023 72,362 17,127 89,489

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors - 44
Other debtors 3,013 2,949
3,013 2,993

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts - 2,178
Trade creditors 13,553 12,251
Taxation and social security 6,231 6,018
Other creditors 65,863 55,497
85,647 75,944

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 37,040 42,593

Newsmarket (UK) Limited (Registered number: 05696999)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary £1 100 100