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Company Registration No. 10004379 (England and Wales)
ANGLERS NEWS LTD Unaudited accounts for the year ended 29 February 2024
ANGLERS NEWS LTD Unaudited accounts Contents
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ANGLERS NEWS LTD Company Information for the year ended 29 February 2024
Director
Matthew Daly
Company Number
10004379 (England and Wales)
Registered Office
11 CHELSING RISE HEMEL HEMPSTEAD HP2 4PU ENGLAND
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
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ANGLERS NEWS LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,731 
4,777 
Current assets
Inventories
8,795 
11,960 
Cash at bank and in hand
15,850 
5,577 
24,645 
17,537 
Creditors: amounts falling due within one year
(6,534)
(6,580)
Net current assets
18,111 
10,957 
Net assets
21,842 
15,734 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
21,841 
15,733 
Shareholders' funds
21,842 
15,734 
For the year ending 29 February 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 19 November 2024 and were signed on its behalf by
Matthew Daly Director Company Registration No. 10004379
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ANGLERS NEWS LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
ANGLERS NEWS LTD is a private company, limited by shares, registered in England and Wales, registration number 10004379. The registered office is 11 CHELSING RISE, HEMEL HEMPSTEAD, HP2 4PU, ENGLAND.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
25% Reducing Balance
Computer equipment
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
10,200 
14,462 
24,662 
At 29 February 2024
10,200 
14,462 
24,662 
Depreciation
At 1 March 2023
8,385 
11,500 
19,885 
Charge for the year
454 
592 
1,046 
At 29 February 2024
8,839 
12,092 
20,931 
Net book value
At 29 February 2024
1,361 
2,370 
3,731 
At 28 February 2023
1,815 
2,962 
4,777 
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ANGLERS NEWS LTD Notes to the Accounts for the year ended 29 February 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
1,938 
2,295 
Loans from directors
4,177 
3,866 
Accruals
419 
419 
6,534 
6,580 
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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