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REGISTERED NUMBER: 09208444 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

COURT NEWS LIMITED

COURT NEWS LIMITED (REGISTERED NUMBER: 09208444)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COURT NEWS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: T J Whitehouse
Mrs L Whitehouse
C J Whitehouse





REGISTERED OFFICE: 14 Glastonbury Road
Bury St Edmunds
Suffolk
IP33 2EX





REGISTERED NUMBER: 09208444 (England and Wales)





ACCOUNTANT: JDS Accounting
& Tax Services Ltd
8 Long Pastures
Glemsford
Sudbury
Suffolk
CO10 7SS

COURT NEWS LIMITED (REGISTERED NUMBER: 09208444)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 1,364 14,314
Tangible assets 5 27,324 28,475
28,688 42,789

CURRENT ASSETS
Stocks 16,786 17,276
Debtors 6 46,776 43,182
Prepayments and accrued income 11,400 9,905
Cash at bank and in hand 42,367 38,131
117,329 108,494
CREDITORS
Amounts falling due within one year 7 48,430 48,605
NET CURRENT ASSETS 68,899 59,889
TOTAL ASSETS LESS CURRENT
LIABILITIES

97,587

102,678

CREDITORS
Amounts falling due after more than one
year

8

(5,333

)

(13,333

)

PROVISIONS FOR LIABILITIES (4,495 ) (4,418 )

ACCRUALS AND DEFERRED INCOME (1,171 ) (160 )
NET ASSETS 86,588 84,767

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 85,588 83,767
SHAREHOLDERS' FUNDS 86,588 84,767

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

COURT NEWS LIMITED (REGISTERED NUMBER: 09208444)

BALANCE SHEET - continued
30 SEPTEMBER 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 4 June 2025 and were signed on its behalf by:





Mrs L Whitehouse - Director


COURT NEWS LIMITED (REGISTERED NUMBER: 09208444)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Court 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 and other income
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of newspapers and goods are recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually when the newpapers are delivered or goods rung through the till.

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from newsround deliveries is recognised when the newspapers have been delivered.

Interest and dividends receivable

Interest income is recognised using the effective interest method and dividend income is recognised as the company's right to receive payment is established.

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on Reducing balance and 15% on reducing balance

COURT NEWS LIMITED (REGISTERED NUMBER: 09208444)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

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 represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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 15 (2023 - 16 ) .

COURT NEWS LIMITED (REGISTERED NUMBER: 09208444)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 129,500
AMORTISATION
At 1 October 2023 115,186
Charge for year 12,950
At 30 September 2024 128,136
NET BOOK VALUE
At 30 September 2024 1,364
At 30 September 2023 14,314

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 80,951
Additions 10,893
Disposals (9,995 )
At 30 September 2024 81,849
DEPRECIATION
At 1 October 2023 52,476
Charge for year 8,271
Eliminated on disposal (6,222 )
At 30 September 2024 54,525
NET BOOK VALUE
At 30 September 2024 27,324
At 30 September 2023 28,475

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 44,911 42,080
Other debtors 1,865 1,102
46,776 43,182

COURT NEWS LIMITED (REGISTERED NUMBER: 09208444)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 8,000 8,000
Trade creditors 28,031 26,862
Taxation and social security 10,833 13,028
Other creditors 1,566 715
48,430 48,605

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 5,333 13,333

9. SECURED DEBTS

£14,579 (2022 £8,086) of trade creditors are secured by way of directors personal guarantees.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
251 Ordinary A £1 251 251
251 Ordinary B £1 251 251
498 Ordinary C £1 498 498
1,000 1,000

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year an advance of £102 (2022 £1,310) was made to two of the directors, on an unsecured, interest free basis, where no repayment terms had been agreed. The advance was repaid in full before the year end.