Euro Newspaper Co Limited
Registered number: 04024630
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 8,736 5,757
Cash at bank and in hand 1,850 5,038
10,586 10,795
Creditors: amounts falling due within one year 4 (80,048) (66,935)
Net current liabilities (69,462) (56,140)
Total assets less current liabilities (69,462) (56,140)
Creditors: amounts falling due after more than one year 5 (22,113) (21,567)
Net liabilities (91,575) (77,707)
Capital and reserves
Called up share capital 100 100
Profit and loss account (91,675) (77,807)
Shareholders' funds (91,575) (77,707)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
H Kim
Director
Approved by the board on 31 January 2025
Euro Newspaper Co Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2024 2023
£ £
Trade debtors 8,540 5,561
Other debtors 196 196
8,736 5,757
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 80,048 66,935
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 22,113 21,567
6 Other information
Euro Newspaper Co Limited is a private company limited by shares and incorporated in England. Its registered office is:
Suite 41, Chessington Business Centre
37 Cox Lane
Chessington
Surrey
KT9 1SD
Euro Newspaper Co Limited 04024630 false 2023-07-01 2024-06-30 2024-06-30 VT Final Accounts July 2024 H Kim No description of principal activity 04024630 2022-07-01 2023-06-30 04024630 core:WithinOneYear 2023-06-30 04024630 core:AfterOneYear 2023-06-30 04024630 core:ShareCapital 2023-06-30 04024630 core:RetainedEarningsAccumulatedLosses 2023-06-30 04024630 2023-07-01 2024-06-30 04024630 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04024630 bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 04024630 bus:Director40 2023-07-01 2024-06-30 04024630 1 2023-07-01 2024-06-30 04024630 2 2023-07-01 2024-06-30 04024630 countries:England 2023-07-01 2024-06-30 04024630 bus:FRS102 2023-07-01 2024-06-30 04024630 bus:FilletedAccounts 2023-07-01 2024-06-30 04024630 2024-06-30 04024630 core:WithinOneYear 2024-06-30 04024630 core:AfterOneYear 2024-06-30 04024630 core:ShareCapital 2024-06-30 04024630 core:RetainedEarningsAccumulatedLosses 2024-06-30 04024630 2023-06-30 iso4217:GBP xbrli:pure