REGISTERED NUMBER: 02336189 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

THE WEALDEN ADVERTISER LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D G Piper

M J Cleary

SECRETARY:

M J Cleary

REGISTERED OFFICE:

Unit 4

Hargreaves Business Park

Hargreaves Road

Eastbourne

East Sussex

BN23 6QW

REGISTERED NUMBER:

02336189 (England and Wales)

AUDITORS:

Watson Associates (Audit Services) Ltd

Statutory Auditor

30 - 34 North Street

Hailsham

East Sussex

BN27 1DW

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

42,748

37,128

42,748

37,128

CURRENT ASSETS

Stocks

-

4,783

Debtors

6

524,524

299,011

Cash at bank and in hand

49,207

92,402

573,731

396,196

CREDITORS

Amounts falling due within one year

7

(273,291

)

(105,867

)

NET CURRENT ASSETS

300,440

290,329

TOTAL ASSETS LESS CURRENT LIABILITIES

343,188

327,457

CAPITAL AND RESERVES

Called up share capital

8

1,001

1,001

Retained earnings

342,187

326,456

SHAREHOLDERS' FUNDS

343,188

327,457

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

M J Cleary - Director

1.	STATUTORY INFORMATION

The Wealden Advertiser 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.

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 represents the invoiced amount for the sale of advertising space printing services and is stated net of VAT and trade discounts.

Goodwill

Purchased goodwill is capitalised in the balance sheet immediately upon acquisition and is amortised over its estimated useful economic life, The amount attributed to goodwill is the difference between the fair value of the consideration given and the fair value of the separable net assets acquired.

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

-

15% on cost

Motor vehicles

-

33% on reducing balance and 25% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stock and work in progress are values at the lower of cost and net realisable value.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

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.

Research and development

Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development expenditure is written off in the same way unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period during which the company is expected to benefit.

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year in which they are payable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

243,265

AMORTISATION

At 1 January 2024

and 31 December 2024

243,265

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

1,989,685

43,440

12,429

2,045,554

Additions

-

22,000

-

22,000

Disposals

(1,960,215

)

(43,440

)

(7,307

)

(2,010,962

)

At 31 December 2024

29,470

22,000

5,122

56,592

DEPRECIATION

At 1 January 2024

1,962,091

37,448

8,887

2,008,426

Charge for year

4,869

5,709

1,284

11,862

Eliminated on disposal

(1,960,215

)

(38,922

)

(7,307

)

(2,006,444

)

At 31 December 2024

6,745

4,235

2,864

13,844

NET BOOK VALUE

At 31 December 2024

22,725

17,765

2,258

42,748

At 31 December 2023

27,594

5,992

3,542

37,128

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

476,494

149,482

Amounts owed by group undertakings

21,942

109,390

Other debtors

17,400

23,400

Prepayments

8,688

16,739

524,524

299,011

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

33,749

47,927

Amounts owed to group undertakings

933

-

Tax

2,500

3,000

Social security and other taxes

6,945

8,519

VAT

92,141

4,880

Other creditors

12,746

10,451

Accrued expenses

124,277

31,090

273,291

105,867

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,001

Ordinary

£1

1,001

1,001

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Richard Christopher Harris (Senior Statutory Auditor)

for and on behalf of Watson Associates (Audit Services) Ltd

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption in Financial Reporting Standard Number 8 from the requirement to disclose transactions with group companies on the grounds that consolidated financial statements are prepared by the ultimate parent company.

11.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is T. Cox and Son Limited, a company registered in England and Wales.

In both the current and previous year, the parent company T.Cox and Son Limited, was under the control of R D Piper and D G Piper. D G Piper is also a director of T. Cox and Son Limited.