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REGISTERED NUMBER: 06239883 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st May 2024

for

DESFORD PUBLISHING LTD

DESFORD PUBLISHING LTD (REGISTERED NUMBER: 06239883)

Contents of the Financial Statements
for the Year Ended 31st May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DESFORD PUBLISHING LTD

Company Information
for the Year Ended 31st May 2024







DIRECTORS: Mr A Shiel
Mrs G L Shiel





REGISTERED OFFICE: A5, Trentham Trade Park
Stanley Matthews Way
Stoke On Trent
ST4 8GA





REGISTERED NUMBER: 06239883 (England and Wales)






DESFORD PUBLISHING LTD (REGISTERED NUMBER: 06239883)

Balance Sheet
31st May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 36,010 36,010
Tangible assets 5 33,842 42,068
69,852 78,078

CURRENT ASSETS
Stocks 7,250 6,958
Debtors 6 64,506 49,434
Cash at bank 37,644 33,902
109,400 90,294
CREDITORS
Amounts falling due within one year 7 78,501 81,573
NET CURRENT ASSETS 30,899 8,721
TOTAL ASSETS LESS CURRENT
LIABILITIES

100,751

86,799

CREDITORS
Amounts falling due after more than
one year

8

-

5,595
NET ASSETS 100,751 81,204

DESFORD PUBLISHING LTD (REGISTERED NUMBER: 06239883)

Balance Sheet - continued
31st May 2024

31.5.24 31.5.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 100,651 81,104
100,751 81,204

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th January 2025 and were signed on its behalf by:





Mr A Shiel - Director


DESFORD PUBLISHING LTD (REGISTERED NUMBER: 06239883)

Notes to the Financial Statements
for the Year Ended 31st May 2024


1. STATUTORY INFORMATION

Desford Publishing Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.


DESFORD PUBLISHING LTD (REGISTERED NUMBER: 06239883)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 5 ).

DESFORD PUBLISHING LTD (REGISTERED NUMBER: 06239883)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1st June 2023
and 31st May 2024 20,000 36,010 56,010
AMORTISATION
At 1st June 2023
and 31st May 2024 20,000 - 20,000
NET BOOK VALUE
At 31st May 2024 - 36,010 36,010
At 31st May 2023 - 36,010 36,010

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1st June 2023 18,830 103,102 2,631 124,563
Additions - 1,268 - 1,268
Disposals - (850 ) (515 ) (1,365 )
At 31st May 2024 18,830 103,520 2,116 124,466
DEPRECIATION
At 1st June 2023 18,830 61,452 2,213 82,495
Charge for year - 9,011 84 9,095
Eliminated on disposal - (571 ) (395 ) (966 )
At 31st May 2024 18,830 69,892 1,902 90,624
NET BOOK VALUE
At 31st May 2024 - 33,628 214 33,842
At 31st May 2023 - 41,650 418 42,068

DESFORD PUBLISHING LTD (REGISTERED NUMBER: 06239883)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.5.24 31.5.23
£    £   
Trade debtors 46,048 39,759
Other debtors 18,458 9,675
64,506 49,434

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 5,071 6,699
Hire purchase contracts 4,012 10,529
Trade creditors 25,162 22,198
Taxation and social security 42,554 40,440
Other creditors 1,702 1,707
78,501 81,573

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts - 5,595