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Company Registration No. 12352485 (England and Wales)
ALWOODLEY PARK NEWS LTD Unaudited accounts for the year ended 31 December 2024
ALWOODLEY PARK NEWS LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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ALWOODLEY PARK NEWS LTD Company Information for the year ended 31 December 2024
Directors
Saad Sajjad Bhatti Ezzah IQBAL
Company Number
12352485 (England and Wales)
Registered Office
143 THE AVENUE ALWOODLEY LEEDS LS17 7PA ENGLAND
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ALWOODLEY PARK NEWS LTD Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Intangible assets
4
14,000
17,000
Tangible assets
5
4,691
5,720
18,691
22,720
Current assets
Inventories
12,045
15,127
Debtors
6
29,967
29,653
Cash at bank and in hand
2,803
2,129
44,815
46,909
Creditors: amounts falling due within one year
7
(7,358)
(6,396)
Net current assets
37,457
40,513
Total assets less current liabilities
56,148
63,233
Creditors: amounts falling due after more than one year
8
(39,699)
(45,340)
Net assets
16,449
17,893
Capital and reserves
Called up share capital
100
100
Profit and loss account
16,349
17,793
Shareholders' funds
16,449
17,893
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 17 September 2025 and were signed on its behalf by
Saad Sajjad Bhatti Director Company Registration No. 12352485
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ALWOODLEY PARK NEWS LTD Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
ALWOODLEY PARK NEWS LTD is a private company, limited by shares, registered in England and Wales, registration number 12352485. The registered office is 143 THE AVENUE, ALWOODLEY, LEEDS, LS17 7PA, 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.
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:
Fixtures & fittings
18%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2024
20,000
At 31 December 2024
20,000
Amortisation
At 1 January 2024
3,000
Charge for the year
3,000
At 31 December 2024
6,000
Net book value
At 31 December 2024
14,000
At 31 December 2023
17,000
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ALWOODLEY PARK NEWS LTD Notes to the Accounts for the year ended 31 December 2024
5
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 January 2024
12,443
At 31 December 2024
12,443
Depreciation
At 1 January 2024
6,723
Charge for the year
1,029
At 31 December 2024
7,752
Net book value
At 31 December 2024
4,691
At 31 December 2023
5,720
6
Debtors
2024
2023
£
£
Amounts falling due within one year
VAT
398
77
Other debtors
66
73
464
150
Amounts falling due after more than one year
Amounts due from group undertakings etc.
29,503
29,503
7
Creditors: amounts falling due within one year
2024
2023
£
£
VAT
756
483
Trade creditors
5,466
3,446
Taxes and social security
866
1,397
Accruals
270
1,070
7,358
6,396
8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
28,941
33,813
Loans from directors
10,758
11,527
39,699
45,340
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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