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REGISTERED NUMBER: 03776930 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 30 JUNE 2023 TO 31 OCTOBER 2024

FOR

NEWS & FOOD DISTRIBUTORS LIMITED

NEWS & FOOD DISTRIBUTORS LIMITED (REGISTERED NUMBER: 03776930)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 30 JUNE 2023 TO 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NEWS & FOOD DISTRIBUTORS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 30 JUNE 2023 TO 31 OCTOBER 2024







DIRECTOR: Mr B Pabari





SECRETARY: Mrs E Pabari





REGISTERED OFFICE: Altay House
869 High Road
London
N12 8QA





REGISTERED NUMBER: 03776930 (England and Wales)





ACCOUNTANTS: AC Partners LLP
Chartered Accountants
869 High Road
London
N12 8QA

NEWS & FOOD DISTRIBUTORS LIMITED (REGISTERED NUMBER: 03776930)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 260 379

CURRENT ASSETS
Debtors 5 12,990 79,944
Cash at bank 1,314 113
14,304 80,057
CREDITORS
Amounts falling due within one year 6 71,039 60,772
NET CURRENT (LIABILITIES)/ASSETS (56,735 ) 19,285
TOTAL ASSETS LESS CURRENT LIABILITIES (56,475 ) 19,664

CREDITORS
Amounts falling due after more than one year 7 57,500 57,500
NET LIABILITIES (113,975 ) (37,836 )

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings (123,975 ) (47,836 )
SHAREHOLDERS' FUNDS (113,975 ) (37,836 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 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.

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 10 December 2024 and were signed by:





Mr B Pabari - Director


NEWS & FOOD DISTRIBUTORS LIMITED (REGISTERED NUMBER: 03776930)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 30 JUNE 2023 TO 31 OCTOBER 2024

1. STATUTORY INFORMATION

News & Food Distributors Limited 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.

The financial statements have been prepared on a going concern basis. At 29 June 2023, the company had net liabilities of £37,926 (2022:£39,151) and is dependent upon the continued support of the director. The director has stated his intention to support the business for the foreseeable future. Going concern is therefore considered appropriate.

The financial statements are presented in Sterling, which is also the functional currency of the company.

TANGIBLE FIXED ASSETS
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the asset capable of operating as intended.

Plant and machinery- 25% on reducing balance
Fixtures and fittings- 25% on reducing balance
Computer equipment- 25% on reducing balance

TAXATION
Taxation for the period 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 period 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.

INVOICE DISCOUNTING FACILITY
Amounts due in respect of invoice discounting are separately disclosed as current liabilities. The company can use these facilities to draw a percentage of the value of certain sales invoices. The management and collection of trade receivables remains with the company.

3. EMPLOYEES AND DIRECTORS

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

NEWS & FOOD DISTRIBUTORS LIMITED (REGISTERED NUMBER: 03776930)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 JUNE 2023 TO 31 OCTOBER 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 30 June 2023
and 31 October 2024 15,040 42,022 13,350 70,412
DEPRECIATION
At 30 June 2023 15,005 41,906 13,122 70,033
Charge for period 11 36 72 119
At 31 October 2024 15,016 41,942 13,194 70,152
NET BOOK VALUE
At 31 October 2024 24 80 156 260
At 29 June 2023 35 116 228 379

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors - 3,000
Other debtors 121 52,113
121 55,113

Amounts falling due after more than one year:
Other debtors 12,869 24,831

Aggregate amounts 12,990 79,944

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 30,000 30,000
Trade creditors 2,740 2,919
Taxation and social security 265 11,244
Other creditors 38,034 16,609
71,039 60,772

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 57,500 57,500

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the periods ended 31 October 2024 and 29 June 2023:

2024 2023
£    £   
Mr B Pabari
Balance outstanding at start of period 51,992 99,784
Amounts advanced 5,835 42,107
Amounts repaid (82,953 ) (89,899 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (25,126 ) 51,992

The balance includes interest charged at the official HM Revenue & Customs rates.

NEWS & FOOD DISTRIBUTORS LIMITED (REGISTERED NUMBER: 03776930)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 JUNE 2023 TO 31 OCTOBER 2024

9. ULTIMATE CONTROLLING PARTY

Ultimate control of the company is exercised by Mr B Pabari by virtue of his shareholding.