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
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
HN News (Bushey) Limited
Statement of financial position
as at 30 November 2023
Intangible assets
-
53,250
Cash at bank and in hand
66
4,215
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)
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
HN News (Bushey) Limited
Notes to the Accounts
for the year ended 30 November 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
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.
HN News (Bushey) Limited
Notes to the Accounts
for the year ended 30 November 2023
4
Intangible fixed assets
Goodwill
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 1 December 2022
2,847
234
3,081
On disposals
(2,847)
(234)
(3,081)
At 30 November 2022
2,738
90
2,828
Amounts falling due within one year
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
-
Trade creditors
3,482
1,322
Taxes and social security
11,986
10,724
Loans from directors
55,020
91,383
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).