Krina News Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 13010562

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		24,000		28,000
Tangible Assets	5		7,562		10,083

			31,562		38,083
CURRENT ASSETS
Stocks	6	13,125		12,450
Debtors	7	5,250		5,250
Cash at bank and in hand		26,442		24,922

		44,817		42,622
Creditors: Amounts Falling Due Within One Year	8	(140,758 )		(134,856 )

NET CURRENT ASSETS (LIABILITIES)			(95,941 )		(92,234 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(64,379 )		(54,151 )

NET LIABILITIES			(64,379 )		(54,151 )

CAPITAL AND RESERVES
Called up share capital			100		100
Profit and Loss Account			(64,479 )		(54,251 )

SHAREHOLDERS' FUNDS			(64,379)		(54,151)

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Krina News Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr N Patel

Director

05/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Krina News 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

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of ten years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Equipment, Fixtures & Fittings	25% on reducing balance
Motor Van	25% on reducing balance

2.5. Stocks and Work in Progress

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	40,000

As at 31 March 2025	40,000

...CONTINUED

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Krina News Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Amortisation
As at 1 April 2024	12,000
Provided during the period	4,000

As at 31 March 2025	16,000

Net Book Value
As at 31 March 2025	24,000

As at 1 April 2024	28,000

5. Tangible Assets

	Plant & Machinery etc.
	£
Cost
As at 1 April 2024	23,900

As at 31 March 2025	23,900

Depreciation
As at 1 April 2024	13,817
Provided during the period	2,521

As at 31 March 2025	16,338

Net Book Value
As at 31 March 2025	7,562

As at 1 April 2024	10,083

6. Stocks

	2025	2024
	£	£
Stocks	13,125	12,450

7. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	5,250	5,250

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Krina News Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	139,862	132,867
Taxation and social security	896	1,989

	140,758	134,856

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