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Company Registration No. 12753310 (England and Wales)
P&A News Ltd Unaudited accounts for the year ended 31 July 2024
P&A News Ltd Unaudited accounts Contents
Page
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P&A News Ltd Company Information for the year ended 31 July 2024
Director
Syed Zafar Hussain
Company Number
12753310 (England and Wales)
Registered Office
819 LIVERPOOL ROAD ECCLES MANCHESTER M30 7LH ENGLAND
Accountants
VTax Accountants Ltd 61 Barlow road Manchester M19 3DB
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P&A News Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,434 
1,792 
Current assets
Inventories
12,520 
16,520 
Cash at bank and in hand
2,660 
1,588 
15,180 
18,108 
Creditors: amounts falling due within one year
(1,916)
(3,416)
Net current assets
13,264 
14,692 
Total assets less current liabilities
14,698 
16,484 
Creditors: amounts falling due after more than one year
(9,054)
(12,000)
Net assets
5,644 
4,484 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
5,544 
4,384 
Shareholders' funds
5,644 
4,484 
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 July 2025 and were signed on its behalf by
Syed Zafar Hussain Director Company Registration No. 12753310
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P&A News Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
P&A News Ltd is a private company, limited by shares, registered in England and Wales, registration number 12753310. The registered office is 819 LIVERPOOL ROAD, ECCLES, MANCHESTER, M30 7LH, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
2,500 
1,000 
3,500 
At 31 July 2024
2,500 
1,000 
3,500 
Depreciation
At 1 August 2023
1,220 
488 
1,708 
Charge for the year
256 
102 
358 
At 31 July 2024
1,476 
590 
2,066 
Net book value
At 31 July 2024
1,024 
410 
1,434 
At 31 July 2023
1,280 
512 
1,792 
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P&A News Ltd Notes to the Accounts for the year ended 31 July 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
1,560 
1,965 
Taxes and social security
356 
1,064 
Other creditors
- 
387 
1,916 
3,416 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
9,054 
12,000 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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