Company Registration No. 11068004 (England and Wales)
PRESCOT ROAD NEWS LTD
Unaudited accounts
for the year ended 30 November 2023
PRESCOT ROAD NEWS LTD
Unaudited accounts
Contents
PRESCOT ROAD NEWS LTD
Company Information
for the year ended 30 November 2023
Company Number
11068004 (England and Wales)
Registered Office
78 PRESCOT ROAD
FAIRFIELD
LIVERPOOL
L7 0JA
UNITED KINGDOM
Accountants
MERSEY ACCOUNTANTS
291-299 KENSINGTON
FAIRFIELD
LIVERPOOL
MERSEYSIDE
L7 2RG
PRESCOT ROAD NEWS LTD
Statement of financial position
as at 30 November 2023
Tangible assets
1,353
1,575
Cash at bank and in hand
62,130
78,056
Creditors: amounts falling due within one year
(35,303)
(54,034)
Net current assets
51,894
51,197
Total assets less current liabilities
53,247
52,772
Creditors: amounts falling due after more than one year
(35,833)
(40,833)
Called up share capital
100
100
Profit and loss account
17,314
11,839
Shareholders' funds
17,414
11,939
For the year ending 30 November 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 August 2024 and were signed on its behalf by
Aslam PARVEZ
Director
Company Registration No. 11068004
PRESCOT ROAD NEWS LTD
Notes to the Accounts
for the year ended 30 November 2023
PRESCOT ROAD NEWS LTD is a private company, limited by shares, registered in England and Wales, registration number 11068004. The registered office is 78 PRESCOT ROAD, FAIRFIELD, LIVERPOOL, L7 0JA, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
Over 4 years
4
Tangible fixed assets
Computer equipment
Finished goods
25,067
26,400
PRESCOT ROAD NEWS LTD
Notes to the Accounts
for the year ended 30 November 2023
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,000
5,000
Trade creditors
27,024
25,781
Taxes and social security
1,336
1,180
Loans from directors
1,212
21,318
8
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 4 (2022: 4).