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Registered Number: 12350780
England

 

 

 

CAPITAL NEWS ENTERPRISE LTD


Abridged Accounts
 


Period of accounts

Start date: 01 January 2023

End date: 31 December 2023
  2023   2022
    £ £   £ £
Fixed assets   116,148      112,025 
Current assets 91,614      65,164   
Prepayments and accrued income 23,052      31,802   
Creditors: amount falling due within one year (262,580)     (231,489)  
Net current assets   (147,914)     (134,523)
Total assets less current liabilities   (31,766)     (22,498)
Creditors: amount falling due after more than one year   (21,750)     (30,750)
Provisions for liabilities   (207)     (207)
Net assets   (53,723)     (53,455)
 

         
Capital and reserves   (53,723)     (53,455)
 
NOTES TO THE ACCOUNTS

General Information
CAPITAL NEWS ENTERPRISE LTD is a private company, limited by shares, registered in England, registration number 12350780, registration address 30 St Peters St, St Albans, AL1 3NA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 15 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 5 Straight Line
Motor Vehicles 5 Straight Line
Fixtures and Fittings 15 Straight Line
Computer Equipment 3 Straight Line
2.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 January 2023 89,999    89,999 
Additions  
Disposals  
At 31 December 2023 89,999    89,999 
Amortisation
At 01 January 2023 11,999    11,999 
Charge for year 6,000    6,000 
On disposals  
At 31 December 2023 17,999    17,999 
Net book values
At 31 December 2023 72,000    72,000 
At 31 December 2022 78,000    78,000 


3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 January 2023 11,958    6,592    25,000    267    43,817 
Additions 1,847    17,250      332    19,429 
Disposals        
At 31 December 2023 13,805    23,842    25,000    599    63,246 
Depreciation
At 01 January 2023 3,442    2,750    3,333    267    9,792 
Charge for year 2,760    4,769    1,667    110    9,306 
On disposals        
At 31 December 2023 6,202    7,519    5,000    377    19,098 
Net book values
Closing balance as at 31 December 2023 7,603    16,323    20,000    222    44,148 
Opening balance as at 01 January 2023 8,516    3,842    21,667      34,025 


4.

Staff Costs

2023   2022
 
Average number of employees during the year Number   Number
Administration 4    2 
 

5.

Average number of employees

Average number of employees during the year was 4 (2022 : 2).


For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the director on 13 September 2024 and were signed by:


--------------------------------
Satish Babu Rudra
Director
1