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
EGERTON NEWS LIMITED
Company Information
for the year ended 30 November 2023
Company Number
07570869 (England and Wales)
Registered Office
28 MEREFIELD STREET
ROCHDALE
LANCS
OL11 3RU
EGERTON NEWS LIMITED
Statement of financial position
as at 30 November 2023
Intangible assets
20,000
20,000
Tangible assets
2,800
4,272
Cash at bank and in hand
23,748
25,688
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)
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
EGERTON NEWS LIMITED
Notes to the Accounts
for the year ended 30 November 2023
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.
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.
Sales represent Invoice value of goods excluding VAT.
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:
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.
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Intangible fixed assets
Goodwill
At 30 November 2023
20,000
At 30 November 2023
20,000
At 30 November 2022
20,000
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
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
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
Taxes and social security
1,189
1,922
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
1,927
1,927
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).