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REGISTERED NUMBER: 06930721 (England and Wales)















Financial Statements for the Year Ended 30th June 2024

for

J & R NEWS UK LTD

J & R NEWS UK LTD (Registered number: 06930721)

Contents of the Financial Statements
for the Year Ended 30th June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J & R NEWS UK LTD

Company Information
for the Year Ended 30th June 2024







DIRECTOR: P S DHILLON





SECRETARY:





REGISTERED OFFICE: ENTERPRISE HOUSE
352 BEARWOOD ROAD
BEARWOOD
BIRMINGHAM
West Midlands
B66 4ET





REGISTERED NUMBER: 06930721 (England and Wales)





ACCOUNTANT: A K & Co Accountants
732 Walsall Road
Great Barr
Birmingham
West Midlands
B42 1EX

J & R NEWS UK LTD (Registered number: 06930721)

Balance Sheet
30th June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,800 10,200

CURRENT ASSETS
Inventories 5 17,331 16,976
Debtors 6 511 586
Cash in hand 3,111 2,412
20,953 19,974
CREDITORS
Amounts falling due within one year 7 21,370 24,827
NET CURRENT LIABILITIES (417 ) (4,853 )
TOTAL ASSETS LESS CURRENT LIABILITIES 7,383 5,347

CREDITORS
Amounts falling due after more than one
year

8

2,881

5,071
NET ASSETS 4,502 276

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 4,402 176
SHAREHOLDERS' FUNDS 4,502 276

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

J & R NEWS UK LTD (Registered number: 06930721)

Balance Sheet - continued
30th June 2024


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 director and authorised for issue on 29th January 2025 and were signed by:





P S DHILLON - Director


J & R NEWS UK LTD (Registered number: 06930721)

Notes to the Financial Statements
for the Year Ended 30th June 2024


1. STATUTORY INFORMATION

J & R NEWS UK 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
Revenue 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.

Good will 10% pa on reducing balance

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.

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

J & R NEWS UK LTD (Registered number: 06930721)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st July 2023
and 30th June 2024 15,000
AMORTISATION
At 1st July 2023 4,800
Amortisation for year 2,400
At 30th June 2024 7,200
NET BOOK VALUE
At 30th June 2024 7,800
At 30th June 2023 10,200

5. INVENTORIES
30.6.24 30.6.23
£    £   
Stocks 17,331 16,976

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Prepayment 511 586

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 5,077 4,714
Tax 1,554 1,143
Social security and other taxes 683 4,589
Directors' current accounts 12,806 12,806
Accrued expenses 1,250 1,575
21,370 24,827

J & R NEWS UK LTD (Registered number: 06930721)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Other loans (see note 9) 2,881 5,071

9. LOANS

An analysis of the maturity of loans is given below:

30.6.24 30.6.23
£    £   
Amounts falling due between one and two years:
Other loans - 1-2 years 2,881 5,071

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 ordinary share capital £1 100 100

11. RESERVES
Retained
earnings
£   

At 1st July 2023 176
Profit for the year 4,226
At 30th June 2024 4,402