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Ashton Newsagents Ltd
Registered Number:11644322
For the year ended 30 April 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 April 2024
Ashton Newsagents Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
11644322
As at 30 April 2024
Ashton Newsagents Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
7,698
2,293
2
7,698
2,293
Current assets
Inventories
19,563
28,847
3
Trade and other receivables
36,469
28,804
4
34,369
Cash and cash equivalents
27,168
84,819
90,401
Trade and other payables: amounts falling due within one
year
(50,168)
(49,760)
5
40,233
35,059
Net current assets
Total assets less current liabilities
42,757
42,526
Trade and other payables: amounts falling due after more
than one year
(32,262)
(30,295)
6
12,462
Net assets
10,264
Capital and reserves
Called up share capital
100
100
Retained earnings
12,362
10,164
12,462
10,264
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Faruk Essap Director
These financial statements were approved and authorised for issue by the Board on 24 January 2025 and were signed by:
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4
Registered Number :
11644322
For the year ended 30 April 2024
Ashton Newsagents Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 30 April 2024
Ashton Newsagents Ltd
Notes to the Financial Statements
Statutory Information
Ashton Newsagents Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 11644322.
Registered address:
2 Myrrh Street
Bolton
BL1 8XE
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
2. Property, plant and equipment
Furniture and
Fittings
£
Cost or
valuation
At 01 May 2023
2,867
6,325
Additions
At 30 April 2024
9,192
Provision for depreciation and impairment
At 01 May 2023
574
Charge for year
920
At 30 April 2024
1,494
At 30 April 2024
Net book value
7,698
At 30 April 2023
2,293
3. Inventories
2023
2024
£
£
Stocks
28,847
19,563
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6
For the year ended 30 April 2024
Ashton Newsagents Ltd
Notes to the Financial Statements Continued
4. Trade and other receivables
2023
2024
£
£
Trade debtors
582
(131)
Other debtors
28,222
36,600
36,469
28,804
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft (secured)
6,000
10,000
Bank loans and overdraft
2,434
1,613
Trade creditors
6,513
5,889
Taxation and social security
5,793
3,719
Other creditors
29,020
28,947
49,760
50,168
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft (secured)
30,295
32,262
7. Average number of persons employed
During the year the average number of employees was 3 (2023 : 3)
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