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Company Registration No. 07570869 (England and Wales)
EGERTON NEWS LIMITED Annual report and unaudited accounts for the year ended 30 November 2023
EGERTON NEWS LIMITED Annual report and unaudited accounts Contents
Page
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EGERTON NEWS LIMITED Company Information for the year ended 30 November 2023
Director
Muhammad Farooq
Company Number
07570869 (England and Wales)
Registered Office
28 MEREFIELD STREET ROCHDALE LANCS OL11 3RU
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EGERTON NEWS LIMITED Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
20,000 
20,000 
Tangible assets
2,800 
4,272 
22,800 
24,272 
Current assets
Inventories
35,423 
35,918 
Cash at bank and in hand
23,748 
25,688 
59,171 
61,606 
Creditors: amounts falling due within one year
(4,513)
(3,610)
Net current assets
54,658 
57,996 
Total assets less current liabilities
77,458 
82,268 
Creditors: amounts falling due after more than one year
(26,329)
(37,131)
Net assets
51,129 
45,137 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
51,029 
45,037 
Shareholders' funds
51,129 
45,137 
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 27 August 2024 and were signed on its behalf by
Muhammad Farooq Director Company Registration No. 07570869
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EGERTON NEWS LIMITED Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
EGERTON NEWS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07570869. The registered office is 28 MEREFIELD STREET, ROCHDALE, LANCS, OL11 3RU.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Sales represent Invoice value of goods excluding VAT.
Stocks
Stock is Valued at the lower of cost and net realiseable value.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 December 2022
20,000 
At 30 November 2023
20,000 
Amortisation
At 1 December 2022
- 
At 30 November 2023
- 
Net book value
At 30 November 2023
20,000 
At 30 November 2022
20,000 
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EGERTON NEWS LIMITED Notes to the Accounts for the year ended 30 November 2023
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2022
7,000 
8,612 
15,612 
At 30 November 2023
7,000 
8,612 
15,612 
Depreciation
At 1 December 2022
2,800 
8,540 
11,340 
Charge for the year
1,400 
72 
1,472 
At 30 November 2023
4,200 
8,612 
12,812 
Net book value
At 30 November 2023
2,800 
- 
2,800 
At 30 November 2022
4,200 
72 
4,272 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
1,874 
968 
Taxes and social security
1,189 
1,922 
Accruals
1,450 
720 
4,513 
3,610 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
24,402 
35,204 
Loans from directors
1,927 
1,927 
26,329 
37,131 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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