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REGISTERED NUMBER: 09203472 (England and Wales)


Financial Statements for the Year Ended 31 August 2024

for

Sehgal News Ltd

Sehgal News Ltd (Registered number: 09203472)






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


Sehgal News Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr. Pritam Singh
Mrs Narinder Kaur





REGISTERED OFFICE: 106 Crostwick Lane
Spixworth
Norwich
NR10 3NQ





REGISTERED NUMBER: 09203472 (England and Wales)





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

Sehgal News Ltd (Registered number: 09203472)

Statement of Financial Position
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 40,000 40,000
Property, plant and equipment 5 1,778 2,370
41,778 42,370

CURRENT ASSETS
Inventories 25,843 24,117
Cash at bank and in hand 3,923 5,528
29,766 29,645
CREDITORS
Amounts falling due within one year 6 57,630 57,018
NET CURRENT LIABILITIES (27,864 ) (27,373 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,914

14,997

CREDITORS
Amounts falling due after more than one
year

7

4,165

6,431
NET ASSETS 9,749 8,566

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9,649 8,466
SHAREHOLDERS' FUNDS 9,749 8,566

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 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.

Sehgal News Ltd (Registered number: 09203472)

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 Board of Directors and authorised for issue on 7 May 2025 and were signed on its behalf by:





Mr. Pritam Singh - Director


Sehgal News Ltd (Registered number: 09203472)

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

1. STATUTORY INFORMATION

Sehgal News 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.

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 7 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 40,000
NET BOOK VALUE
At 31 August 2024 40,000
At 31 August 2023 40,000

Sehgal News Ltd (Registered number: 09203472)

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

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 22,002
DEPRECIATION
At 1 September 2023 19,632
Charge for year 592
At 31 August 2024 20,224
NET BOOK VALUE
At 31 August 2024 1,778
At 31 August 2023 2,370

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 17,492 17,366
Trade creditors 13,744 2,431
Taxation and social security 5,616 6,161
Other creditors 20,778 31,060
57,630 57,018

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 4,165 6,431

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary £1 100 100