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Company Registration No. 10792203 (England and Wales)
Burnley News Limited Unaudited accounts for the year ended 31 May 2024
Burnley News Limited Unaudited accounts Contents
Page
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Burnley News Limited Company Information for the year ended 31 May 2024
Director
Hussain Lehri
Company Number
10792203 (England and Wales)
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Burnley News Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
24,229 
30,286 
Investment property
36,327 
36,327 
60,556 
66,613 
Current assets
Inventories
23,900 
12,481 
Debtors
3,637 
15,491 
Cash at bank and in hand
3,573 
2,211 
31,110 
30,183 
Creditors: amounts falling due within one year
(16,142)
(22,955)
Net current assets
14,968 
7,228 
Total assets less current liabilities
75,524 
73,841 
Creditors: amounts falling due after more than one year
(54,976)
(49,259)
Net assets
20,548 
24,582 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
20,547 
24,581 
Shareholders' funds
20,548 
24,582 
For the year ending 31 May 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 September 2024 and were signed on its behalf by
Hussain Lehri Director Company Registration No. 10792203
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Burnley News Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Burnley News Limited is a private company, limited by shares, registered in England and Wales, registration number 10792203.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Reducing Balance
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 June 2023
47,257 
At 31 May 2024
47,257 
Depreciation
At 1 June 2023
16,971 
Charge for the year
6,057 
At 31 May 2024
23,028 
Net book value
At 31 May 2024
24,229 
At 31 May 2023
30,286 
5
Investment property
2024 
£ 
Fair value at 1 June 2023
36,327 
At 31 May 2024
36,327 
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Burnley News Limited Notes to the Accounts for the year ended 31 May 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
710 
611 
Amounts due from group undertakings etc.
2,927 
14,880 
3,637 
15,491 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,197 
- 
VAT
2,839 
2,249 
Trade creditors
1,006 
3,441 
Taxes and social security
1,393 
1,158 
Loans from directors
4,407 
14,807 
Accruals
1,300 
1,300 
16,142 
22,955 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
54,976 
49,259 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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