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REGISTERED NUMBER: 07307974 (England and Wales)















Unaudited Financial Statements

for the Period 15 May 2023 to 29 June 2024

for

Suffolk News Delivery Limited

Suffolk News Delivery Limited (Registered number: 07307974)






Contents of the Financial Statements
for the Period 15 May 2023 to 29 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Suffolk News Delivery Limited

Company Information
for the Period 15 May 2023 to 29 June 2024







DIRECTORS: Mr N H Jagger
Mr J R Kennett
Mr S Wakeham





REGISTERED OFFICE: 50 Princes Street
Ipswich
Suffolk
IP1 1RJ





REGISTERED NUMBER: 07307974 (England and Wales)





ACCOUNTANTS: Emsdens Limited - Chartered Certified Accountants
Ladbrook Close
Elmsett
Ipswich
Suffolk
IP7 6LD

Suffolk News Delivery Limited (Registered number: 07307974)

Statement of Financial Position
29 June 2024

29.6.24 14.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 28,926
Tangible assets 5 - 77,214
- 106,140

CURRENT ASSETS
Debtors 6 130,497 484,721
Cash at bank 2,061 182,259
132,558 666,980
CREDITORS
Amounts falling due within one year 7 33,806 135,014
NET CURRENT ASSETS 98,752 531,966
TOTAL ASSETS LESS CURRENT
LIABILITIES

98,752

638,106

CREDITORS
Amounts falling due after more than one
year

8

-

22,500
NET ASSETS 98,752 615,606

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 98,751 615,605
SHAREHOLDERS' FUNDS 98,752 615,606

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 June 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.

Suffolk News Delivery Limited (Registered number: 07307974)

Statement of Financial Position - continued
29 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 Board of Directors and authorised for issue on 4 November 2024 and were signed on its behalf by:





Mr J R Kennett - Director


Suffolk News Delivery Limited (Registered number: 07307974)

Notes to the Financial Statements
for the Period 15 May 2023 to 29 June 2024

1. STATUTORY INFORMATION

Suffolk News Delivery 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Purchased goodwill has all been fully amortised as at 29th June 2024.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Computer equipment and motor vehicles - 25% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Suffolk News Delivery Limited (Registered number: 07307974)

Notes to the Financial Statements - continued
for the Period 15 May 2023 to 29 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 15 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 15 May 2023 62,288
Additions 17,867
Disposals (80,155 )
At 29 June 2024 -
AMORTISATION
At 15 May 2023 33,362
Charge for period 12,431
Eliminated on disposal (45,793 )
At 29 June 2024 -
NET BOOK VALUE
At 29 June 2024 -
At 14 May 2023 28,926

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 15 May 2023 105,062
Additions 89,448
Disposals (194,510 )
At 29 June 2024 -
DEPRECIATION
At 15 May 2023 27,848
Charge for period 26,092
Eliminated on disposal (53,940 )
At 29 June 2024 -
NET BOOK VALUE
At 29 June 2024 -
At 14 May 2023 77,214

Suffolk News Delivery Limited (Registered number: 07307974)

Notes to the Financial Statements - continued
for the Period 15 May 2023 to 29 June 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
Additions 64,400
Disposals (64,400 )
At 29 June 2024 -
DEPRECIATION
Charge for period 5,367
Eliminated on disposal (5,367 )
At 29 June 2024 -
NET BOOK VALUE
At 29 June 2024 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.6.24 14.5.23
£    £   
Trade debtors 130,497 99,438
Other debtors - 385,283
130,497 484,721

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.6.24 14.5.23
£    £   
Bank loans and overdrafts - 10,000
Trade creditors - 38,500
Taxation and social security 33,806 77,630
Other creditors - 8,884
33,806 135,014

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.6.24 14.5.23
£    £   
Bank loans - 22,500

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.6.24 14.5.23
value: £    £   
1 Ordinary shares £1 1 1

Suffolk News Delivery Limited (Registered number: 07307974)

Notes to the Financial Statements - continued
for the Period 15 May 2023 to 29 June 2024

10. ULTIMATE CONTROLLING PARTY

The company knows or has reasonable cause to believe that there is no registrable person or registrable relevant legal entity in relation to the company