IRIS Accounts Production v25.1.0.734 04842207 Board of Directors 1.2.24 31.1.25 31.1.25 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh048422072024-01-31048422072025-01-31048422072024-02-012025-01-31048422072023-01-31048422072023-02-012024-01-31048422072024-01-3104842207ns15:EnglandWales2024-02-012025-01-3104842207ns14:PoundSterling2024-02-012025-01-3104842207ns10:Director12024-02-012025-01-3104842207ns10:PrivateLimitedCompanyLtd2024-02-012025-01-3104842207ns10:SmallEntities2024-02-012025-01-3104842207ns10:AuditExempt-NoAccountantsReport2024-02-012025-01-3104842207ns10:SmallCompaniesRegimeForDirectorsReport2024-02-012025-01-3104842207ns10:SmallCompaniesRegimeForAccounts2024-02-012025-01-3104842207ns10:FullAccounts2024-02-012025-01-310484220712024-02-012025-01-3104842207ns10:Director22024-02-012025-01-3104842207ns10:Director32024-02-012025-01-3104842207ns10:RegisteredOffice2024-02-012025-01-3104842207ns5:CurrentFinancialInstruments2025-01-3104842207ns5:CurrentFinancialInstruments2024-01-3104842207ns5:ShareCapital2025-01-3104842207ns5:ShareCapital2024-01-3104842207ns5:SharePremium2025-01-3104842207ns5:SharePremium2024-01-3104842207ns5:RetainedEarningsAccumulatedLosses2025-01-3104842207ns5:RetainedEarningsAccumulatedLosses2024-01-3104842207ns5:IntangibleAssetsOtherThanGoodwill2024-02-012025-01-3104842207ns5:ComputerSoftware2024-02-012025-01-3104842207ns5:LeaseholdImprovements2024-02-012025-01-3104842207ns5:PlantMachinery2024-02-012025-01-3104842207ns5:FurnitureFittings2024-02-012025-01-3104842207ns5:ComputerEquipment2024-02-012025-01-3104842207ns5:IntangibleAssetsOtherThanGoodwill2024-01-3104842207ns5:IntangibleAssetsOtherThanGoodwill2025-01-3104842207ns5:IntangibleAssetsOtherThanGoodwill2024-01-3104842207ns5:PlantMachinery2024-01-3104842207ns5:PlantMachinery2025-01-3104842207ns5:PlantMachinery2024-01-3104842207ns5:WithinOneYearns5:CurrentFinancialInstruments2025-01-3104842207ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3104842207ns5:WithinOneYear2025-01-3104842207ns5:WithinOneYear2024-01-3104842207ns5:BetweenOneFiveYears2025-01-3104842207ns5:BetweenOneFiveYears2024-01-3104842207ns5:AllPeriods2025-01-3104842207ns5:AllPeriods2024-01-31
REGISTERED NUMBER: 04842207 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

UNIQUE MAGAZINES LIMITED

UNIQUE MAGAZINES LIMITED (REGISTERED NUMBER: 04842207)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UNIQUE MAGAZINES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTORS: Mr. J J Porrett
Mrs. K E Porrett
Ms. S Johnson



REGISTERED OFFICE: Sands Industrial Estate
Swalwell
Newcastle upon Tyne
NE16 3DJ



REGISTERED NUMBER: 04842207 (England and Wales)



ACCOUNTANTS: Read, Milburn & Co
71 Howard Street
North Shields
Tyne and Wear
NE30 1AF



BANKERS: HSBC Bank plc
Newcastle upon Tyne

UNIQUE MAGAZINES LIMITED (REGISTERED NUMBER: 04842207)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - 982
Tangible assets 5 13,606 6,460
13,606 7,442

CURRENT ASSETS
Stocks 45,389 31,482
Debtors 6 93,625 107,283
Cash at bank and in hand 845,584 888,867
984,598 1,027,632
CREDITORS
Amounts falling due within one year 7 879,726 908,601
NET CURRENT ASSETS 104,872 119,031
TOTAL ASSETS LESS CURRENT
LIABILITIES

118,478

126,473

PROVISIONS FOR LIABILITIES 1,178 491
NET ASSETS 117,300 125,982

UNIQUE MAGAZINES LIMITED (REGISTERED NUMBER: 04842207)

BALANCE SHEET - continued
31 JANUARY 2025

2025 2024
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 400 400
Retained earnings 116,800 125,482
SHAREHOLDERS' FUNDS 117,300 125,982

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

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 15 April 2025 and were signed on its behalf by:





Mr. J J Porrett - Director


UNIQUE MAGAZINES LIMITED (REGISTERED NUMBER: 04842207)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1. STATUTORY INFORMATION

Unique Magazines 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.

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


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 represents net invoiced sales of goods, excluding Value Added Tax. Income is recognised when the goods are physically delivered to the customer and when subscriptions become due.

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.

Website development is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

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

Financial instruments
All financial assets and financial liabilities of the company qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.


UNIQUE MAGAZINES LIMITED (REGISTERED NUMBER: 04842207)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

2. ACCOUNTING POLICIES - continued
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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Government grants
Government grants in respect of capital expenditure are treated as deferred credits, a proportion of which is transferred to revenue annually over the life of the asset.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 9 ) .

UNIQUE MAGAZINES LIMITED (REGISTERED NUMBER: 04842207)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2024
and 31 January 2025 20,600
AMORTISATION
At 1 February 2024 19,618
Charge for year 982
At 31 January 2025 20,600
NET BOOK VALUE
At 31 January 2025 -
At 31 January 2024 982

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2024 162,669
Additions 11,153
Disposals (145,858 )
At 31 January 2025 27,964
DEPRECIATION
At 1 February 2024 156,209
Charge for year 3,108
Eliminated on disposal (144,959 )
At 31 January 2025 14,358
NET BOOK VALUE
At 31 January 2025 13,606
At 31 January 2024 6,460

UNIQUE MAGAZINES LIMITED (REGISTERED NUMBER: 04842207)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 42,777 68,605
Other debtors 50,848 38,678
93,625 107,283

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 90,934 162,130
Taxation and social security 28,386 3,942
Other creditors 760,406 742,529
879,726 908,601

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 7,181 6,839
Between one and five years 4,787 11,398
11,968 18,237

9. ULTIMATE CONTROLLING PARTY

The company is controlled by the board of directors.