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REGISTERED NUMBER: 06293412 (England and Wales)


Financial Statements for the Year Ended 31 August 2024

for

Keldergate News & Off Licence Ltd

Keldergate News & Off Licence Ltd (Registered number: 06293412)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Keldergate News & Off Licence Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mr. Paresh Ishwarlal Patel





SECRETARY: Mrs. Muktaben Paresh Patel





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Conventry
West Midlands
CV6 4AD





REGISTERED NUMBER: 06293412 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Keldergate News & Off Licence Ltd (Registered number: 06293412)

Statement of Financial Position
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 63,664 63,664
Property, plant and equipment 5 251 334
63,915 63,998

CURRENT ASSETS
Inventories 10,506 9,945
Debtors 6 1,117 1,560
Cash at bank and in hand 3,652 5,774
15,275 17,279
CREDITORS
Amounts falling due within one year 7 63,722 54,311
NET CURRENT LIABILITIES (48,447 ) (37,032 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,468

26,966

CREDITORS
Amounts falling due after more than one
year

8

6,820

16,833
NET ASSETS 8,648 10,133

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 8,646 10,131
SHAREHOLDERS' FUNDS 8,648 10,133

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

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

Keldergate News & Off Licence Ltd (Registered number: 06293412)

Statement of Financial Position - continued
31 August 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 25 March 2025 and were signed by:





Mr. Paresh Ishwarlal Patel - Director


Keldergate News & Off Licence Ltd (Registered number: 06293412)

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

1. STATUTORY INFORMATION

Keldergate News & Off Licence 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.

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.
Plant and machinery etc - 25% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

Keldergate News & Off Licence Ltd (Registered number: 06293412)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 76,000
AMORTISATION
At 1 September 2023
and 31 August 2024 12,336
NET BOOK VALUE
At 31 August 2024 63,664
At 31 August 2023 63,664

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 24,413
DEPRECIATION
At 1 September 2023 24,079
Charge for year 83
At 31 August 2024 24,162
NET BOOK VALUE
At 31 August 2024 251
At 31 August 2023 334

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 1,117 1,560

Keldergate News & Off Licence Ltd (Registered number: 06293412)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 14,417 8,289
Trade creditors 5,917 680
Taxation and social security 2,064 3,002
Other creditors 41,324 42,340
63,722 54,311

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 6,820 16,833

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
2 Ordinary £1 2 2