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REGISTERED NUMBER: 09415860 (England and Wales)















Financial Statements for the Year Ended 31st July 2024

for

TKMS NEWS LIMITED

TKMS NEWS LIMITED (Registered number: 09415860)

Contents of the Financial Statements
for the Year Ended 31st July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TKMS NEWS LIMITED

Company Information
for the Year Ended 31st July 2024







DIRECTOR: MRS S CHAUHAN





SECRETARY:





REGISTERED OFFICE: 58 GLENDOWER ROAD
PERRY BARR
BIRMINGHAM
West Midlands
B42 1SR





REGISTERED NUMBER: 09415860 (England and Wales)





ACCOUNTANT: A K & Co Accountants
732 Walsall Road
Great Barr
Birmingham
West Midlands
B42 1EX

TKMS NEWS LIMITED (Registered number: 09415860)

Balance Sheet
31st July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 70,358 70,358
Property, plant and equipment 5 2,245 2,857
72,603 73,215

CURRENT ASSETS
Inventories 6 71,445 72,448
Debtors 7 5,575 5,495
Cash at bank and in hand 12,210 13,113
89,230 91,056
CREDITORS
Amounts falling due within one year 8 62,918 71,105
NET CURRENT ASSETS 26,312 19,951
TOTAL ASSETS LESS CURRENT LIABILITIES 98,915 93,166

CREDITORS
Amounts falling due after more than one
year

9

24,334

33,778
NET ASSETS 74,581 59,388

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 74,481 59,288
SHAREHOLDERS' FUNDS 74,581 59,388

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

TKMS NEWS LIMITED (Registered number: 09415860)

Balance Sheet - continued
31st July 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 8th April 2025 and were signed by:





MRS S CHAUHAN - Director


TKMS NEWS LIMITED (Registered number: 09415860)

Notes to the Financial Statements
for the Year Ended 31st July 2024


1. STATUTORY INFORMATION

TKMS NEWS 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
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.

Fixtures fittings 15% pa on reducing balance

Motor vehicles 25% pa 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.

Taxation
Taxation for the year 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.


TKMS NEWS LIMITED (Registered number: 09415860)

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


2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st August 2023
and 31st July 2024 70,358
NET BOOK VALUE
At 31st July 2024 70,358
At 31st July 2023 70,358

TKMS NEWS LIMITED (Registered number: 09415860)

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


5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st August 2023
and 31st July 2024 10,500 4,800 15,300
DEPRECIATION
At 1st August 2023 10,499 1,944 12,443
Charge for year - 612 612
At 31st July 2024 10,499 2,556 13,055
NET BOOK VALUE
At 31st July 2024 1 2,244 2,245
At 31st July 2023 1 2,856 2,857

6. INVENTORIES
31.7.24 31.7.23
£    £   
Stocks 71,445 72,448

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 1,075 995
Other debtors 4,500 4,500
5,575 5,495

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 2,669 1,339
Tax 3,707 3,741
Social security and other taxes 2,389 1,781
Directors' current accounts 51,953 62,044
Accrued expenses 2,200 2,200
62,918 71,105

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Other loans (see note 10) 24,334 33,778

TKMS NEWS LIMITED (Registered number: 09415860)

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


10. LOANS

An analysis of the maturity of loans is given below:

31.7.24 31.7.23
£    £   
Amounts falling due between one and two years:
Bounce back loan 24,334 33,778

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary Share Capital £1 100 100

12. RESERVES
Retained
earnings
£   

At 1st August 2023 59,288
Profit for the year 15,193
At 31st July 2024 74,481