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REGISTERED NUMBER: 10115903 (England and Wales)


Financial Statements for the Year Ended 31 March 2025

for

Canton News Ltd

Canton News Ltd (Registered number: 10115903)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Canton News Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTOR: Mr Kuldip Singh Beghal





REGISTERED OFFICE: 23-25 Bridge Street
Troedyrhiw
Merthyr Tydfil
Wales
CF48 4DT





REGISTERED NUMBER: 10115903 (England and Wales)





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

Canton News Ltd (Registered number: 10115903)

Statement of Financial Position
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 92,000 92,000
Property, plant and equipment 5 31,713 21,284
123,713 113,284

CURRENT ASSETS
Inventories 64,485 62,890
Debtors 6 59,938 46,664
Cash at bank and in hand 8,663 11,763
133,086 121,317
CREDITORS
Amounts falling due within one year 7 150,568 125,396
NET CURRENT LIABILITIES (17,482 ) (4,079 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

106,231

109,205

CREDITORS
Amounts falling due after more than one
year

8

67,702

77,723
NET ASSETS 38,529 31,482

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 38,429 31,382
SHAREHOLDERS' FUNDS 38,529 31,482

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Canton News Ltd (Registered number: 10115903)

Statement of Financial Position - continued
31 March 2025


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 15 July 2025 and were signed by:





Mr Kuldip Singh Beghal - Director


Canton News Ltd (Registered number: 10115903)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Canton 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of 10 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.
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 4 (2024 - 3 ) .

Canton News Ltd (Registered number: 10115903)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 115,000
AMORTISATION
At 1 April 2024
and 31 March 2025 23,000
NET BOOK VALUE
At 31 March 2025 92,000
At 31 March 2024 92,000

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2024 67,828
Additions 21,000
At 31 March 2025 88,828
DEPRECIATION
At 1 April 2024 46,544
Charge for year 10,571
At 31 March 2025 57,115
NET BOOK VALUE
At 31 March 2025 31,713
At 31 March 2024 21,284

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 59,938 46,664

Canton News Ltd (Registered number: 10115903)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 868 13,824
Taxation and social security 4,055 2,624
Other creditors 145,645 108,948
150,568 125,396

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans 11,602 21,623
Other creditors 56,100 56,100
67,702 77,723

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
100 Ordinary 1 100 100