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REGISTERED NUMBER: 06311397 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2024

FOR

NEWS FOOD & BOOZE LTD

NEWS FOOD & BOOZE LTD (REGISTERED NUMBER: 06311397)






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


NEWS FOOD & BOOZE LTD

COMPANY INFORMATION
for the Year Ended 31st July 2024







Directors: L Dhanji
Mrs H Dhanji





Registered office: 68 Grasmere Crescent
Eccles
Manchester
Greater Manchester
M30 8DW





Registered number: 06311397 (England and Wales)





Accountants: DBF Associates
Chartered Accountants
South Cheetham B C
10 Park Place
Manchester
Lancashire
M4 4EY

NEWS FOOD & BOOZE LTD (REGISTERED NUMBER: 06311397)

BALANCE SHEET
31st July 2024

2024 2023
Notes £    £    £   
Fixed assets
Intangible assets 4 121,720 130,400
Tangible assets 5 12,010 13,828
133,730 144,228

Current assets
Stocks 109,314 129,621
Debtors 6 15,441 15,441
Cash at bank and in hand 18,563 30,578
143,318 175,640
Creditors
Amounts falling due within one year 7 183,841 145,387
Net current (liabilities)/assets (40,523 ) 30,253
Total assets less current liabilities 93,207 174,481

Creditors
Amounts falling due after more than one
year

8

6,427

37,264
Net assets 86,780 137,217

Capital and reserves
Called up share capital 9 100 100
Retained earnings 86,680 137,117
Shareholders' funds 86,780 137,217

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 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 FOOD & BOOZE LTD (REGISTERED NUMBER: 06311397)

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 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 14th April 2025 and were signed on its behalf by:





L Dhanji - Director


NEWS FOOD & BOOZE LTD (REGISTERED NUMBER: 06311397)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st July 2024

1. Statutory information

News Food & Booze 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
Turnover 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 2009, is being amortised evenly over its estimated useful life of twenty five 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 and fittings - 25% on reducing balance
Motor vehicles - 10% on reducing balance

Stocks
Stocks 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 9 (2023 - 9 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1st August 2023
and 31st July 2024 217,000
Amortisation
At 1st August 2023 86,600
Charge for year 8,680
At 31st July 2024 95,280
Net book value
At 31st July 2024 121,720
At 31st July 2023 130,400

NEWS FOOD & BOOZE LTD (REGISTERED NUMBER: 06311397)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st July 2024

5. Tangible fixed assets
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
Cost
At 1st August 2023
and 31st July 2024 69,998 14,990 84,988
Depreciation
At 1st August 2023 67,098 4,062 71,160
Charge for year 725 1,093 1,818
At 31st July 2024 67,823 5,155 72,978
Net book value
At 31st July 2024 2,175 9,835 12,010
At 31st July 2023 2,900 10,928 13,828

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors 15,441 15,441

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts - 35,430
Trade creditors 28,159 20,836
Taxation and social security 77,276 59,166
Other creditors 78,406 29,955
183,841 145,387

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 6,427 37,264

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,427 37,264

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinery 1 100 100

NEWS FOOD & BOOZE LTD (REGISTERED NUMBER: 06311397)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st July 2024

10. Related party disclosures

The company paid £ 61,260 in rent to the directors.