IRIS Accounts Production v24.2.0.383 02336189 Board of Directors 1.1.23 31.12.23 31.12.23 19.9.24 false true false false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh023361892022-12-31023361892023-12-31023361892023-01-012023-12-31023361892021-12-31023361892022-01-012022-12-31023361892022-12-3102336189ns15:EnglandWales2023-01-012023-12-3102336189ns14:PoundSterling2023-01-012023-12-3102336189ns10:Director12023-01-012023-12-3102336189ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3102336189ns10:SmallEntities2023-01-012023-12-3102336189ns10:Audited2023-01-012023-12-3102336189ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3102336189ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3102336189ns10:FullAccounts2023-01-012023-12-310233618912023-01-012023-12-3102336189ns10:OrdinaryShareClass12023-01-012023-12-3102336189ns10:Director22023-01-012023-12-3102336189ns10:CompanySecretary12023-01-012023-12-3102336189ns10:RegisteredOffice2023-01-012023-12-3102336189ns5:CurrentFinancialInstruments2023-12-3102336189ns5:CurrentFinancialInstruments2022-12-3102336189ns5:ShareCapital2023-12-3102336189ns5:ShareCapital2022-12-3102336189ns5:RetainedEarningsAccumulatedLosses2023-12-3102336189ns5:RetainedEarningsAccumulatedLosses2022-12-3102336189ns5:NetGoodwill2023-01-012023-12-3102336189ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3102336189ns5:PlantMachinery2023-01-012023-12-3102336189ns5:MotorVehicles2023-01-012023-12-3102336189ns5:ComputerEquipment2023-01-012023-12-3102336189ns5:NetGoodwill2022-12-3102336189ns5:NetGoodwill2023-12-3102336189ns5:NetGoodwill2022-12-3102336189ns5:PlantMachinery2022-12-3102336189ns5:MotorVehicles2022-12-3102336189ns5:ComputerEquipment2022-12-3102336189ns5:PlantMachinery2023-12-3102336189ns5:MotorVehicles2023-12-3102336189ns5:ComputerEquipment2023-12-3102336189ns5:PlantMachinery2022-12-3102336189ns5:MotorVehicles2022-12-3102336189ns5:ComputerEquipment2022-12-3102336189ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3102336189ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3102336189ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 02336189 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

THE WEALDEN ADVERTISER LIMITED

THE WEALDEN ADVERTISER LIMITED (REGISTERED NUMBER: 02336189)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE WEALDEN ADVERTISER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: D G Piper
M J Cleary





SECRETARY: M J Cleary





REGISTERED OFFICE: Unit 4
Hargreaves Business Park
Hargreaves Road
Eastbourne
East Sussex
BN23 6QW





REGISTERED NUMBER: 02336189 (England and Wales)





AUDITORS: Watson Associates (Audit Services) Ltd
Statutory Auditor
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

THE WEALDEN ADVERTISER LIMITED (REGISTERED NUMBER: 02336189)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 37,128 22,579
37,128 22,579

CURRENT ASSETS
Stocks 4,783 28,000
Debtors 6 299,011 365,255
Cash at bank and in hand 92,402 36,333
396,196 429,588
CREDITORS
Amounts falling due within one year 7 (105,867 ) (149,028 )
NET CURRENT ASSETS 290,329 280,560
TOTAL ASSETS LESS CURRENT
LIABILITIES

327,457

303,139

CAPITAL AND RESERVES
Called up share capital 8 1,001 1,001
Retained earnings 326,456 302,138
SHAREHOLDERS' FUNDS 327,457 303,139

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





M J Cleary - Director


THE WEALDEN ADVERTISER LIMITED (REGISTERED NUMBER: 02336189)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

The Wealden Advertiser 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 represents the invoiced amount for the sale of advertising space printing services and is stated net of VAT and trade discounts.

Goodwill
Purchased goodwill is capitalised in the balance sheet immediately upon acquisition and is amortised over its estimated useful economic life, The amount attributed to goodwill is the difference between the fair value of the consideration given and the fair value of the separable net assets acquired.

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 - 15% on cost
Motor vehicles - 33% on reducing balance and 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stock and work in progress are values at the lower of cost and net realisable value.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


THE WEALDEN ADVERTISER LIMITED (REGISTERED NUMBER: 02336189)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development
Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development expenditure is written off in the same way unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period during which the company is expected to benefit.

Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year in which they are payable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 243,265
AMORTISATION
At 1 January 2023
and 31 December 2023 243,265
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

THE WEALDEN ADVERTISER LIMITED (REGISTERED NUMBER: 02336189)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 1,962,210 43,440 393,433 2,399,083
Additions 27,475 - 1,666 29,141
Disposals - - (382,670 ) (382,670 )
At 31 December 2023 1,989,685 43,440 12,429 2,045,554
DEPRECIATION
At 1 January 2023 1,953,102 34,796 388,606 2,376,504
Charge for year 8,989 2,652 2,951 14,592
Eliminated on disposal - - (382,670 ) (382,670 )
At 31 December 2023 1,962,091 37,448 8,887 2,008,426
NET BOOK VALUE
At 31 December 2023 27,594 5,992 3,542 37,128
At 31 December 2022 9,108 8,644 4,827 22,579

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 149,482 151,173
Amounts owed by group undertakings 109,390 177,806
Other debtors 23,400 26,400
Prepayments 16,739 9,876
299,011 365,255

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 47,927 26,414
Tax 3,000 10,000
Social security and other taxes 8,519 7,690
VAT 4,880 50,591
Other creditors 10,451 14,236
Accrued expenses 31,090 40,097
105,867 149,028

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,001 Ordinary £1 1,001 1,001

THE WEALDEN ADVERTISER LIMITED (REGISTERED NUMBER: 02336189)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Richard Christopher Harris (Senior Statutory Auditor)
for and on behalf of Watson Associates (Audit Services) Ltd

10. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption in Financial Reporting Standard Number 8 from the requirement to disclose transactions with group companies on the grounds that consolidated financial statements are prepared by the ultimate parent company.

11. ULTIMATE CONTROLLING PARTY

The ultimate parent company is T. Cox and Son Limited, a company registered in England and Wales.
In both the current and previous year, the parent company T.Cox and Son Limited, was under the control of R D Piper and D G Piper. D G Piper is also a director of T. Cox and Son Limited.