2023-09-01 08318484 2024-08-31 08318484 2023-09-01 2024-08-31 08318484 2023-08-31 08318484 2022-09-01 2023-08-31 08318484 uk-core:WithinOneYear 2023-08-31 08318484 uk-core:WithinOneYear 2024-08-31 08318484 uk-core:AfterOneYear 2023-08-31 08318484 uk-core:AfterOneYear 2024-08-31 08318484 uk-core:ShareCapital 2024-08-31 08318484 uk-core:ShareCapital 2023-08-31 08318484 uk-core:RetainedEarningsAccumulatedLosses 2024-08-31 08318484 uk-core:RetainedEarningsAccumulatedLosses 2023-08-31 08318484 uk-bus:Director1 2023-09-01 2024-08-31 08318484 uk-core:FurnitureFittings 2023-09-01 2024-08-31 08318484 uk-core:WithinOneYear uk-core:Secured 2024-08-31 08318484 uk-core:WithinOneYear uk-core:Secured 2023-08-31 iso4217:GBP xbrli:pure 08318484 uk-bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 08318484 uk-bus:FRS102 2023-09-01 2024-08-31 08318484 uk-bus:FilletedAccounts 2023-09-01 2024-08-31 08318484 uk-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31
Deansgate News Limited
Registered Number:08318484
For the year ended 31 August 2024
England and Wales
Unaudited Financial Statements
2
Registered Number :
08318484
As at 31 August 2024
Deansgate News Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
643
806
2
643
806
Current assets
Inventories
8,169
7,634
3
Trade and other receivables
40,273
38,113
4
5,270
Cash and cash equivalents
7,982
53,729
53,712
Trade and other payables: amounts falling due within one
year
(29,576)
(32,355)
5
24,136
21,374
Net current assets
Total assets less current liabilities
22,017
24,942
Trade and other payables: amounts falling due after more
than one year
(18,139)
(8,123)
6
13,894
Net assets
6,803
Capital and reserves
Called up share capital
100
100
Retained earnings
13,794
6,703
13,894
6,803
Shareholders' funds
For the year ended 31 August 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Yasin Adam Hafeji Director
These financial statements were approved and authorised for issue by the Board on 20 May 2025 and were signed by:
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3
Registered Number :
08318484
For the year ended 31 August 2024
Deansgate News Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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4
For the year ended 31 August 2024
Deansgate News Limited
Notes to the Financial Statements
Statutory Information
Deansgate News Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 08318484.
Registered address:
Oldham Bus Station
Cheapside
Oldham
OL1 1NY
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
14.28 Straight line
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2. Property, plant and equipment
Fixtures and
fittings
£
Cost or
valuation
At 01 September 2023
4,405
At 31 August 2024
4,405
Provision for depreciation and impairment
At 01 September 2023
3,599
Charge for year
163
At 31 August 2024
3,762
At 31 August 2024
Net book value
643
At 31 August 2023
806
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5
For the year ended 31 August 2024
Deansgate News Limited
Notes to the Financial Statements Continued
3. Inventories
2023
2024
£
£
Stocks
7,634
8,169
4. Trade and other receivables
2023
2024
£
£
Trade debtors
725
485
Other debtors
37,388
39,788
40,273
38,113
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft (secured)
10,000
10,000
Trade creditors
18,193
16,639
Taxation and social security
2,582
1,387
Other creditors
1,580
1,550
32,355
29,576
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft (secured)
8,123
18,139
7. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
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