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Company Registration No. 5703047 (England and Wales)
NEWS PLUS (N.W.) LTD Unaudited accounts for the year ended 30 April 2024
NEWS PLUS (N.W.) LTD Unaudited accounts Contents
Page
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NEWS PLUS (N.W.) LTD Company Information for the year ended 30 April 2024
Director
Hasan Musa
Company Number
5703047 (England and Wales)
Registered Office
4 LANCASTER GATE ST. NICHOLAS ARCADES LANCASTER LA1 1NB ENGLAND
Accountants
Xeinadin Group Regent House Folds Road Bolton BL1 2RZ
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NEWS PLUS (N.W.) LTD Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
200 
267 
Current assets
Inventories
8,025 
9,543 
Debtors
4,500 
- 
Cash at bank and in hand
11,160 
13,636 
23,685 
23,179 
Creditors: amounts falling due within one year
(34,253)
(29,842)
Net current liabilities
(10,568)
(6,663)
Total assets less current liabilities
(10,368)
(6,396)
Creditors: amounts falling due after more than one year
(44,202)
(50,052)
Net liabilities
(54,570)
(56,448)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(54,571)
(56,449)
Shareholders' funds
(54,570)
(56,448)
For the year ending 30 April 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.
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 and authorised for issue on 5 July 2024 and were signed on its behalf by
Hasan Musa Director Company Registration No. 5703047
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NEWS PLUS (N.W.) LTD Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
NEWS PLUS (N.W.) LTD is a private company, limited by shares, registered in England and Wales, registration number 5703047. The registered office is 4 LANCASTER GATE, ST. NICHOLAS ARCADES, LANCASTER, LA1 1NB, 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:
Fixtures & fittings
25% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful economic life. Intangible assets will be written down over 10 years on a straight line basis.
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.
4
Intangible fixed assets
Total 
£ 
Cost
At 1 May 2023
5,000 
At 30 April 2024
5,000 
Amortisation
At 1 May 2023
5,000 
At 30 April 2024
5,000 
Net book value
At 30 April 2024
- 
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NEWS PLUS (N.W.) LTD Notes to the Accounts for the year ended 30 April 2024
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 May 2023
18,527 
At 30 April 2024
18,527 
Depreciation
At 1 May 2023
18,260 
Charge for the year
67 
At 30 April 2024
18,327 
Net book value
At 30 April 2024
200 
At 30 April 2023
267 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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