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Company Registration No. 10567603 (England and Wales)
Centre News Ltd Unaudited accounts for the year ended 31 January 2024
Centre News Ltd Unaudited accounts Contents
Page
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Centre News Ltd Company Information for the year ended 31 January 2024
Director
Biju Thuniyampral Joseph
Company Number
10567603 (England and Wales)
Registered Office
76 Church Street Stoke On Trent England ST4 1BS UK
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Centre News Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
27,899 
29,061 
Tangible assets
703 
879 
28,602 
29,940 
Current assets
Inventories
43,587 
40,250 
Debtors
3,688 
2,216 
Cash at bank and in hand
(38)
640 
47,237 
43,106 
Creditors: amounts falling due within one year
(67,677)
(46,784)
Net current liabilities
(20,440)
(3,678)
Total assets less current liabilities
8,162 
26,262 
Creditors: amounts falling due after more than one year
(72,537)
(77,617)
Net liabilities
(64,375)
(51,355)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(64,377)
(51,357)
Shareholders' funds
(64,375)
(51,355)
For the year ending 31 January 2024 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 29 October 2024 and were signed on its behalf by
Biju Thuniyampral Joseph Director Company Registration No. 10567603
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Centre News Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Centre News Ltd is a private company, limited by shares, registered in England and Wales, registration number 10567603. The registered office is 76 Church Street, Stoke On Trent, England, ST4 1BS, UK.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
WDV 20%
Computer equipment
WDV 20%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 February 2023
33,193 
At 31 January 2024
33,193 
Amortisation
At 1 February 2023
4,132 
Charge for the year
1,162 
At 31 January 2024
5,294 
Net book value
At 31 January 2024
27,899 
At 31 January 2023
29,061 
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Centre News Ltd Notes to the Accounts for the year ended 31 January 2024
5
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
2,492 
333 
2,825 
At 31 January 2024
2,492 
333 
2,825 
Depreciation
At 1 February 2023
1,696 
250 
1,946 
Charge for the year
159 
17 
176 
At 31 January 2024
1,855 
267 
2,122 
Net book value
At 31 January 2024
637 
66 
703 
At 31 January 2023
796 
83 
879 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
711 
163 
Trade debtors
227 
(697)
Other debtors
2,750 
2,750 
3,688 
2,216 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,080 
4,955 
Trade creditors
1,236 
1,614 
Taxes and social security
- 
38 
Other creditors
167 
167 
Loans from directors
61,194 
40,010 
67,677 
46,784 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
6,998 
12,078 
Other creditors
65,539 
65,539 
72,537 
77,617 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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