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REGISTERED NUMBER: 04095737 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

NEWSBALE NEWSAGENTS LIMITED

NEWSBALE NEWSAGENTS LIMITED (REGISTERED NUMBER: 04095737)






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


NEWSBALE NEWSAGENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: Mohammed Badat



REGISTERED OFFICE: 16 Langley Lane
Middleton
Manchester
M24 5LH



REGISTERED NUMBER: 04095737 (England and Wales)



ACCOUNTANTS: P B Syddall & Co
Chartered Accountants
Grafton House
81 Chorley Old Road
Bolton
Lancashire
BL1 3AJ



BANKERS: The Royal Bank of Scotland plc
488 Blackburn Road
Astley Bridge
Bolton
Lancashire
BL1 8PE

NEWSBALE NEWSAGENTS LIMITED (REGISTERED NUMBER: 04095737)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 85,911 86,628
85,911 86,628

CURRENT ASSETS
Stocks - 48,734
Debtors 6 7,984 7,984
Cash at bank and in hand 22,827 43,672
30,811 100,390
CREDITORS
Amounts falling due within one year 7 60,178 56,600
NET CURRENT (LIABILITIES)/ASSETS (29,367 ) 43,790
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,544

130,418

PROVISIONS FOR LIABILITIES 461 587
NET ASSETS 56,083 129,831

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 55,983 129,731
SHAREHOLDERS' FUNDS 56,083 129,831

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 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.

NEWSBALE NEWSAGENTS LIMITED (REGISTERED NUMBER: 04095737)

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 15 July 2025 and were signed by:





Mohammed Badat - Director


NEWSBALE NEWSAGENTS LIMITED (REGISTERED NUMBER: 04095737)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Newsbale Newsagents 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.
Freehold property - not provided
Fixtures and fittings - 15% on reducing balance
Equipment - 20% on cost

The director is of the opinion that the freehold property will retain its value and therefore depreciation is not provided. This is a departure from Company Law to provide depreciation on all fixed assets which have a limited useful life. The policy not to depreciate is necessary for the financial statements to give a true and fair view.

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.


NEWSBALE NEWSAGENTS LIMITED (REGISTERED NUMBER: 04095737)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

2. ACCOUNTING POLICIES - continued
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.

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 6 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 35,000
AMORTISATION
At 1 November 2023
and 31 October 2024 35,000
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

NEWSBALE NEWSAGENTS LIMITED (REGISTERED NUMBER: 04095737)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Equipment Totals
£    £    £    £   
COST
At 1 November 2023
and 31 October 2024 83,330 49,626 1,312 134,268
DEPRECIATION
At 1 November 2023 - 46,590 1,050 47,640
Charge for year - 455 262 717
At 31 October 2024 - 47,045 1,312 48,357
NET BOOK VALUE
At 31 October 2024 83,330 2,581 - 85,911
At 31 October 2023 83,330 3,036 262 86,628

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 7,984 7,984

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 615
Social security and other taxes 655 368
VAT 2,448 3,723
Other creditors 28,740 33,100
Directors current account 26,628 17,265
Accruals and deferred income 1,707 1,529
60,178 56,600