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Company Registration No. 11084988 (England and Wales)
HN News (Bushey) Limited Unaudited accounts for the year ended 30 November 2023
HN News (Bushey) Limited Unaudited accounts Contents
Page
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HN News (Bushey) Limited Company Information for the year ended 30 November 2023
Directors
Trusit Patel Rikesh Patel
Company Number
11084988 (England and Wales)
Registered Office
3rd Floor Vyman House 104 College Road Harrow Middlesex HA1 1BQ
Accountants
RMR Partnership LLP 3rd Floor, Vyman House 104 College Road Harrow Middlesex HA1 1BQ
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HN News (Bushey) Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
53,250 
Tangible assets
- 
2,828 
- 
56,078 
Current assets
Inventories
- 
42,398 
Debtors
- 
1,000 
Cash at bank and in hand
66 
4,215 
66 
47,613 
Creditors: amounts falling due within one year
(80,674)
(129,732)
Net current liabilities
(80,608)
(82,119)
Total assets less current liabilities
(80,608)
(26,041)
Creditors: amounts falling due after more than one year
(34,956)
(37,668)
Net liabilities
(115,564)
(63,709)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(115,664)
(63,809)
Shareholders' funds
(115,564)
(63,709)
For the year ending 30 November 2023 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.
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 29 November 2024 and were signed on its behalf by
Trusit Patel Director Company Registration No. 11084988
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HN News (Bushey) Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
HN News (Bushey) Limited is a private company, limited by shares, registered in England and Wales, registration number 11084988. The registered office is 3rd Floor Vyman House, 104 College Road, Harrow, Middlesex, HA1 1BQ.
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:
Fixtures & fittings
15% as per reducing balance method
Computer equipment
33.33% as per straight line method
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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HN News (Bushey) Limited Notes to the Accounts for the year ended 30 November 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 December 2022
71,000 
Disposals
(71,000)
At 30 November 2023
- 
Amortisation
At 1 December 2022
17,750 
On disposals
(17,750)
At 30 November 2023
- 
Net book value
At 30 November 2023
- 
At 30 November 2022
53,250 
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2022
5,585 
324 
5,909 
Disposals
(5,585)
(324)
(5,909)
At 30 November 2023
- 
- 
- 
Depreciation
At 1 December 2022
2,847 
234 
3,081 
On disposals
(2,847)
(234)
(3,081)
At 30 November 2023
- 
- 
- 
Net book value
At 30 November 2023
- 
- 
- 
At 30 November 2022
2,738 
90 
2,828 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
1,000 
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HN News (Bushey) Limited Notes to the Accounts for the year ended 30 November 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
6,210 
- 
VAT
285 
932 
Trade creditors
3,482 
1,322 
Taxes and social security
11,986 
10,724 
Other creditors
36 
21,816 
Loans from directors
55,020 
91,383 
Accruals
3,655 
3,555 
80,674 
129,732 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
34,956 
37,668 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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