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REGISTERED NUMBER: 06202489 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

News Delivery Ltd

News Delivery Ltd (Registered number: 06202489)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


News Delivery Ltd (Registered number: 06202489)

Balance Sheet
31 May 2024

2024 2023
Notes £ £
Fixed assets
Intangible assets 5 400 1,683
Tangible assets 6 52,884 449
53,284 2,132

Current assets
Debtors 7 57,162 51,992
Cash at bank and in hand 14,813 10,200
71,975 62,192
Creditors
Amounts falling due within one year 8 (66,267 ) (55,734 )
Net current assets 5,708 6,458
Total assets less current liabilities 58,992 8,590

Creditors
Amounts falling due after more than one
year

9

(48,413

)

(7,631

)

Provisions for liabilities (10,048 ) (112 )
Net assets 531 847

Capital and reserves
Called up share capital 500 500
Retained earnings 31 347
Shareholders' funds 531 847

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

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

News Delivery Ltd (Registered number: 06202489)

Balance Sheet - continued
31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2025 and were signed on its behalf by:





Mr J W Browse - Director


News Delivery Ltd (Registered number: 06202489)

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


1. Statutory information

News Delivery Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06202489

Registered office: Queens Head House
The Street
Acle
Norwich
Norfolk
NR13 3DY

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amounts paid in connection with the acquisition of businesses since 2007, is being amortised evenly over the estimated useful life of five years.

News Delivery Ltd (Registered number: 06202489)

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


3. Accounting policies - continued

Tangible fixed assets
Tangible fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery - 25% on reducing balance
Computer equipment - 33.33% on cost

Freehold property is not depreciated.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.


News Delivery Ltd (Registered number: 06202489)

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


3. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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.

4. Employees and directors

The average number of employees during the year was 7 (2023 - 7 ) .

News Delivery Ltd (Registered number: 06202489)

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


5. Intangible fixed assets
Goodwill
£
Cost
At 1 June 2023
and 31 May 2024 11,750
Amortisation
At 1 June 2023 10,067
Amortisation for year 1,283
At 31 May 2024 11,350
Net book value
At 31 May 2024 400
At 31 May 2023 1,683

6. Tangible fixed assets
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£ £ £ £
Cost
At 1 June 2023 10,541 - 3,030 13,571
Additions 2,075 56,217 - 58,292
Disposals (1,335 ) - - (1,335 )
At 31 May 2024 11,281 56,217 3,030 70,528
Depreciation
At 1 June 2023 10,092 - 3,030 13,122
Charge for year 381 5,341 - 5,722
Eliminated on disposal (1,200 ) - - (1,200 )
At 31 May 2024 9,273 5,341 3,030 17,644
Net book value
At 31 May 2024 2,008 50,876 - 52,884
At 31 May 2023 449 - - 449

7. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 41,754 45,877
Other debtors 15,408 6,115
57,162 51,992

News Delivery Ltd (Registered number: 06202489)

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


8. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 4,460 16,144
Hire purchase contracts (see note 10) 5,258 -
Trade creditors 8,597 12,551
Taxation and social security 4,888 17,070
Other creditors 43,064 9,969
66,267 55,734

9. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 3,250 7,631
Hire purchase contracts (see note 10) 45,163 -
48,413 7,631

10. Leasing agreements

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£ £
Net obligations repayable:
Within one year 5,258 -
Between one and five years 45,163 -
50,421 -

11. Secured debts

The following secured debts are included within creditors:

2024 2023
£ £
Bank overdraft - 7,683
Bank loans 7,710 16,092
Hire purchase contracts 50,421 -
58,131 23,775

News Delivery Ltd (Registered number: 06202489)

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


12. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£ £
Mr J W Browse and Mrs R L Browse
Balance outstanding at start of year 597 -
Amounts advanced - 597
Amounts repaid (597 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 597