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REGISTERED NUMBER: 11173412 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

GAZETTE NEWSPAPER GROUP LIMITED

GAZETTE NEWSPAPER GROUP LIMITED (REGISTERED NUMBER: 11173412)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GAZETTE NEWSPAPER GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Ms D Wilson





REGISTERED OFFICE: Meteor House
Doncaster Sheffield Airport
Doncaster
South Yorkshire
DN9 3GA





REGISTERED NUMBER: 11173412 (England and Wales)





ACCOUNTANTS: Seaman Herbert & Co
36 - 40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL

GAZETTE NEWSPAPER GROUP LIMITED (REGISTERED NUMBER: 11173412)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,256 1,570
Tangible assets 5 316 421
1,572 1,991

CURRENT ASSETS
Debtors 6 127,312 115,080
Cash at bank 1,793 1,186
129,105 116,266
CREDITORS
Amounts falling due within one year 7 108,696 83,157
NET CURRENT ASSETS 20,409 33,109
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,981

35,100

CREDITORS
Amounts falling due after more than one
year

8

(31,992

)

(34,908

)

PROVISIONS FOR LIABILITIES 10 (60 ) (80 )
NET (LIABILITIES)/ASSETS (10,071 ) 112

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings (10,073 ) 110
SHAREHOLDERS' FUNDS (10,071 ) 112

GAZETTE NEWSPAPER GROUP LIMITED (REGISTERED NUMBER: 11173412)

BALANCE SHEET - continued
31 JANUARY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Profit & Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 October 2024 and were signed by:





Ms D Wilson - Director


GAZETTE NEWSPAPER GROUP LIMITED (REGISTERED NUMBER: 11173412)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Gazette Newspaper Group 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 2018, is being amortised evenly over its estimated useful life of ten 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.
Fixtures and fittings - 10% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account and Retained Earnings, 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.

GAZETTE NEWSPAPER GROUP LIMITED (REGISTERED NUMBER: 11173412)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 3,140
AMORTISATION
At 1 February 2023 1,570
Amortisation for year 314
At 31 January 2024 1,884
NET BOOK VALUE
At 31 January 2024 1,256
At 31 January 2023 1,570

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 350 1,347 1,697
DEPRECIATION
At 1 February 2023 144 1,132 1,276
Charge for year 21 84 105
At 31 January 2024 165 1,216 1,381
NET BOOK VALUE
At 31 January 2024 185 131 316
At 31 January 2023 206 215 421

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,268 13,169
Other debtors 54,743 49,433
Directors' current accounts 62,301 52,478
127,312 115,080

GAZETTE NEWSPAPER GROUP LIMITED (REGISTERED NUMBER: 11173412)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 3,742 3,668
Trade creditors 17,718 12,748
Tax 31,934 30,463
Social security and other taxes 8,965 7,425
VAT 30,522 23,141
Other creditors 11,616 -
Accrued expenses 4,199 5,712
108,696 83,157

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 31,992 34,908

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 14,743 18,473

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 3,742 3,668

Amounts falling due between one and two years:
Bank loans - 1-2 years 3,958 3,837

Amounts falling due between two and five years:
Bank loans - 2-5 years 13,291 12,598

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 14,743 18,473

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 60 80

GAZETTE NEWSPAPER GROUP LIMITED (REGISTERED NUMBER: 11173412)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 February 2023 80
Utilised during year (20 )
Balance at 31 January 2024 60

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 ordinary £1 2 2

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
Ms D Wilson
Balance outstanding at start of year 52,478 48,656
Amounts advanced 9,823 3,822
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 62,301 52,478

M A Allen
Balance outstanding at start of year - 28,449
Amounts repaid - (28,449 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -