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REGISTERED NUMBER: SC742382 (Scotland)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

MADE NEWSAGENTS LTD

MADE NEWSAGENTS LTD (REGISTERED NUMBER: SC742382)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MADE NEWSAGENTS LTD

COMPANY INFORMATION
for the Year Ended 31 October 2024







DIRECTOR: Ms M Richardson





REGISTERED OFFICE: 27 Ingram Street
Glasgow
G1 1HA





REGISTERED NUMBER: SC742382 (Scotland)





ACCOUNTANTS: Kean Jarman & Company
Chartered Accountants
27 Ingram Street
Glasgow
G1 1HA

MADE NEWSAGENTS LTD (REGISTERED NUMBER: SC742382)

BALANCE SHEET
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 54,000 57,000
Tangible assets 5 12,704 15,880
66,704 72,880

CURRENT ASSETS
Stocks 28,381 25,348
Debtors 6 8,556 15,096
Cash at bank and in hand 85,314 90,260
122,251 130,704
CREDITORS
Amounts falling due within one year 7 118,833 151,693
NET CURRENT ASSETS/(LIABILITIES) 3,418 (20,989 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,122

51,891

PROVISIONS FOR LIABILITIES 3,176 3,970
NET ASSETS 66,946 47,921

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 66,846 47,821
SHAREHOLDERS' FUNDS 66,946 47,921

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

MADE NEWSAGENTS LTD (REGISTERED NUMBER: SC742382)

BALANCE SHEET - continued
31 October 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 director and authorised for issue on 10 June 2025 and were signed by:





Ms M Richardson - Director


MADE NEWSAGENTS LTD (REGISTERED NUMBER: SC742382)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Made Newsagents Ltd is a private company, limited by shares , registered in Scotland. 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 2022, is being amortised evenly over its estimated useful life of twenty 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 - 20% on reducing balance
Motor vehicles - 20% 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.

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.

MADE NEWSAGENTS LTD (REGISTERED NUMBER: SC742382)

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

2. ACCOUNTING POLICIES - continued

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 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 60,000
AMORTISATION
At 1 November 2023 3,000
Charge for year 3,000
At 31 October 2024 6,000
NET BOOK VALUE
At 31 October 2024 54,000
At 31 October 2023 57,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 November 2023
and 31 October 2024 1,050 18,800 19,850
DEPRECIATION
At 1 November 2023 210 3,760 3,970
Charge for year 168 3,008 3,176
At 31 October 2024 378 6,768 7,146
NET BOOK VALUE
At 31 October 2024 672 12,032 12,704
At 31 October 2023 840 15,040 15,880

MADE NEWSAGENTS LTD (REGISTERED NUMBER: SC742382)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other debtors 4,783 11,983
Prepayments and accrued income 3,773 3,113
8,556 15,096

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 2,184 5,663
Tax 13,263 15,099
Social security and other taxes 608 119
VAT 5,395 9,791
Other creditors 644 1,404
Directors' current accounts 96,190 118,690
Accrued expenses 549 927
118,833 151,693

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.10.24 31.10.23
£    £   
Within one year 14,350 14,350
Between one and five years 57,400 57,400
In more than five years 57,400 63,379
129,150 135,129

9. RELATED PARTY DISCLOSURES

The company director was owed £96,190 (2023- £118,690) at the year end. £118,690 was the maximum amount outstanding during the year.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Ms M Richardson.