Special Publishing Ltd 03217188 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is marketing services and online publishing. Digita Accounts Production Advanced 6.30.9574.0 true 03217188 2023-07-01 2024-06-30 03217188 2024-06-30 03217188 core:CurrentFinancialInstruments 2024-06-30 03217188 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 03217188 core:FurnitureFittingsToolsEquipment 2024-06-30 03217188 bus:SmallEntities 2023-07-01 2024-06-30 03217188 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 03217188 bus:FilletedAccounts 2023-07-01 2024-06-30 03217188 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 03217188 bus:RegisteredOffice 2023-07-01 2024-06-30 03217188 bus:Director1 2023-07-01 2024-06-30 03217188 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 03217188 core:FurnitureFittings 2023-07-01 2024-06-30 03217188 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 03217188 core:OfficeEquipment 2023-07-01 2024-06-30 03217188 countries:EnglandWales 2023-07-01 2024-06-30 03217188 2023-06-30 03217188 core:FurnitureFittingsToolsEquipment 2023-06-30 03217188 2022-07-01 2023-06-30 03217188 2023-06-30 03217188 bus:Director1 1 2023-06-30 03217188 core:CurrentFinancialInstruments 2023-06-30 03217188 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 03217188 core:FurnitureFittingsToolsEquipment 2023-06-30 03217188 bus:Director1 1 2022-07-01 2023-06-30 03217188 bus:Director1 1 2022-06-30 iso4217:GBP xbrli:pure

Registration number: 03217188

Special Publishing Ltd

Annual Report and Unaudited Financial Statements

for the year ended 30 June 2024

 

Special Publishing Ltd

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Special Publishing Ltd

(Registration number: 03217188)
Statement of Financial Position
30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

161

184

Current assets

 

Debtors

5

418

234

Cash at bank and in hand

 

193

1,485

 

611

1,719

Creditors: Amounts falling due within one year

6

(2,540)

(4,189)

Net current liabilities

 

(1,929)

(2,470)

Total assets less current liabilities

 

(1,768)

(2,286)

Provisions for liabilities

(31)

-

Net liabilities

 

(1,799)

(2,286)

Capital and reserves

 

Called up share capital

4

4

Retained earnings

(1,803)

(2,290)

Shareholders' deficit

 

(1,799)

(2,286)

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 June 2025 and signed on its behalf by:
 

 

Special Publishing Ltd

(Registration number: 03217188)
Statement of Financial Position
30 June 2024

.........................................
D J Weston
Director

 

Special Publishing Ltd

Notes to the Unaudited Financial Statements
for the year ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Wiston House
1 Wiston Avenue
Worthing
West Sussex
BN14 7QL
United Kingdom

The principal place of business is:
Belfry House
Batts Field
Bruton
Somerset
BA10 0DX

These financial statements were authorised for issue by the Board on 18 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Special Publishing Ltd

Notes to the Unaudited Financial Statements
for the year ended 30 June 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

15% reducing balance

Equipment

between 2 - 5 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Special Publishing Ltd

Notes to the Unaudited Financial Statements
for the year ended 30 June 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Special Publishing Ltd

Notes to the Unaudited Financial Statements
for the year ended 30 June 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 July 2023

18,960

18,960

At 30 June 2024

18,960

18,960

Depreciation

At 1 July 2023

18,776

18,776

Charge for the year

23

23

At 30 June 2024

18,799

18,799

Carrying amount

At 30 June 2024

161

161

At 30 June 2023

184

184

5

Debtors

Current

2024
£

2023
£

Trade debtors

-

219

Prepayments

10

15

Other debtors

408

-

 

418

234

 

Special Publishing Ltd

Notes to the Unaudited Financial Statements
for the year ended 30 June 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

126

233

Accruals and deferred income

1,666

3,068

Other creditors

748

888

2,540

4,189

7

Related party transactions

Transactions with directors

2023

At 1 July 2022
£

Repayments by director
£

At 30 June 2023
£

D J Weston

470

(470)

-