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Company Registration No. 11185102 (England and Wales)
Newsmart (london) Ltd Unaudited accounts for the year ended 29 February 2024
Newsmart (london) Ltd Unaudited accounts Contents
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Newsmart (london) Ltd Company Information for the year ended 29 February 2024
Directors
Inderjeet SIngh Chopra Petar Atanasov Petrov
Company Number
11185102 (England and Wales)
Registered Office
493 High Road Wembley HA0 2DH England
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Newsmart (london) Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,217 
11,770 
Current assets
Inventories
27,688 
27,303 
Debtors
1,541 
26,580 
Cash at bank and in hand
63,203 
54,649 
92,432 
108,532 
Creditors: amounts falling due within one year
(33,712)
(47,411)
Net current assets
58,720 
61,121 
Total assets less current liabilities
68,937 
72,891 
Creditors: amounts falling due after more than one year
(23,028)
(33,252)
Net assets
45,909 
39,639 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
45,809 
39,539 
Shareholders' funds
45,909 
39,639 
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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by
Petar Atanasov Petrov Director Company Registration No. 11185102
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Newsmart (london) Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Newsmart (london) Ltd is a private company, limited by shares, registered in England and Wales, registration number 11185102. The registered office is 493 High Road, Wembley, HA0 2DH, 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.
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:
Land & buildings
No Depreciation
Motor vehicles
20% on RBM
Fixtures & fittings
20% on RBM
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 March 2023
23,770 
At 29 February 2024
23,770 
Depreciation
At 1 March 2023
12,000 
Charge for the year
1,553 
At 29 February 2024
13,553 
Net book value
At 29 February 2024
10,217 
At 28 February 2023
11,770 
5
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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