Registered number
07916026
Oldham Chronicle Limited
Filleted Accounts
28 April 2024
Oldham Chronicle Limited
Registered number: 07916026
Balance Sheet
as at 28 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,098 2,622
Current assets
Debtors 4 10,907 15,434
Cash at bank and in hand 2,105 8,233
13,012 23,667
Creditors: amounts falling due within one year 5 (64,413) (72,772)
Net current liabilities (51,401) (49,105)
Total assets less current liabilities (49,303) (46,483)
Creditors: amounts falling due after more than one year 6 (6,400) (11,200)
Net liabilities (55,703) (57,683)
Capital and reserves
Called up share capital 200 200
Profit and loss account (55,903) (57,883)
Shareholders' funds (55,703) (57,683)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Ramsbottom
Director
Approved by the board on 23 July 2025
Oldham Chronicle Limited
Notes to the Accounts
for the period from 30 April 2023 to 28 April 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 30 April 2023 10,000
At 28 April 2024 10,000
Depreciation
At 30 April 2023 7,378
Charge for the period 524
At 28 April 2024 7,902
Net book value
At 28 April 2024 2,098
At 29 April 2023 2,622
4 Debtors 2024 2023
£ £
Trade debtors 10,907 15,434
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,800 4,800
Trade creditors 4,560 4,723
Amounts owed to group undertakings and undertakings in which the company has a participating interest 32,293 47,875
Taxation and social security costs - 804
Directors Account 17,036 8,260
Accruals 1,350 850
VAT 4,287 5,376
Other creditors 87 84
64,413 72,772
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 6,400 11,200
7 Other information
Oldham Chronicle Limited is a private company limited by shares and incorporated in England. Its registered office is:
Sarah Moor Studios
Henshaw Street
Oldham
OL3 1EN
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