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A.R.NEWS LIMITED

Unaudited Financial Statements

for the Year Ended 30 April 2024






A.R.NEWS LIMITED (REGISTERED NUMBER: 02116225)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6

Chartered Accountants' Report 7

A.R.NEWS LIMITED

Company Information
for the Year Ended 30 April 2024







DIRECTORS: AR Rodda
CR Rodda



REGISTERED OFFICE: 6 Garrick Buildings
Oxford Street
Harrogate
North Yorkshire
HG1 1QE



REGISTERED NUMBER: 02116225 (England and Wales)



ACCOUNTANTS: Botros & Co
Chartered Accountants
4 Northwest Business Park
Servia Hill
Leeds
West Yorkshire
LS6 2QH



BANKERS: National Westminster Bank PLC
3 Cambridge Crescent
Harrogate
North Yorkshire
HG1 1PJ

A.R.NEWS LIMITED (REGISTERED NUMBER: 02116225)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 1,778 2,391
1,779 2,392

CURRENT ASSETS
Stocks 6 4,640 6,840
Debtors 7 27,075 23,600
Cash in hand 11,000 15,000
42,715 45,440
CREDITORS
Amounts falling due within one year 8 18,815 21,371
NET CURRENT ASSETS 23,900 24,069
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,679

26,461

CREDITORS
Amounts falling due after more than one
year

9

1,294

2,556
NET ASSETS 24,385 23,905

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 11 24,285 23,805
SHAREHOLDERS' FUNDS 24,385 23,905

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

A.R.NEWS LIMITED (REGISTERED NUMBER: 02116225)

Balance Sheet - continued
30 April 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2024 and were signed on its behalf by:





AR Rodda - Director


A.R.NEWS LIMITED (REGISTERED NUMBER: 02116225)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

A.R.News 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.
Short leasehold - at varying rates on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

A.R.NEWS LIMITED (REGISTERED NUMBER: 02116225)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 20,000
AMORTISATION
At 1 May 2023
and 30 April 2024 19,999
NET BOOK VALUE
At 30 April 2024 1
At 30 April 2023 1

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 May 2023
and 30 April 2024 10,895 1,880 19,043 900 32,718
DEPRECIATION
At 1 May 2023 10,894 895 17,938 600 30,327
Charge for year - 148 166 299 613
At 30 April 2024 10,894 1,043 18,104 899 30,940
NET BOOK VALUE
At 30 April 2024 1 837 939 1 1,778
At 30 April 2023 1 985 1,105 300 2,391

6. STOCKS
30.4.24 30.4.23
£    £   
Stocks 4,640 6,840

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Lottery cards 21,800 21,800
Prepayments 5,275 1,800
27,075 23,600

A.R.NEWS LIMITED (REGISTERED NUMBER: 02116225)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts (see note 10) 11,839 17,491
Tax 257 374
Social security and other taxes 41 -
VAT 493 746
Directors' loan accounts 725 700
Accrued expenses 5,460 2,060
18,815 21,371

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans (see note 10) 1,294 2,556

10. LOANS

An analysis of the maturity of loans is given below:

30.4.24 30.4.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 10,872 16,524
Bounce Back loan 967 967
11,839 17,491

Amounts falling due between two and five years:
Bank loan - 295
Bounce Back Loan 1,294 2,261
1,294 2,556

11. RESERVES
Retained
earnings
£   

At 1 May 2023 23,805
Profit for the year 480
At 30 April 2024 24,285

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
A.R.News Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of A.R.News Limited for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of A.R.News Limited, as a body, in accordance with the terms of our engagement letter dated 27 March 1987. Our work has been undertaken solely to prepare for your approval the financial statements of A.R.News Limited and state those matters that we have agreed to state to the Board of Directors of A.R.News Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A.R.News Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that A.R.News Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A.R.News Limited. You consider that A.R.News Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of A.R.News Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Botros & Co
Chartered Accountants
4 Northwest Business Park
Servia Hill
Leeds
West Yorkshire
LS6 2QH


3 October 2024