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Registered number: 14760563
Hadleigh News Limited
Unaudited Financial Statements
For The Year Ended 30 June 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14760563
30 June 2025 30 June 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 123,580 139,027
Tangible Assets 5 5,881 2,467
129,461 141,494
CURRENT ASSETS
Stocks 6 19,725 21,628
Debtors 7 8,461 19,747
Cash at bank and in hand 46,986 68,145
75,172 109,520
Creditors: Amounts Falling Due Within One Year 8 (236,205 ) (248,789 )
NET CURRENT ASSETS (LIABILITIES) (161,033 ) (139,269 )
TOTAL ASSETS LESS CURRENT LIABILITIES (31,572 ) 2,225
NET (LIABILITIES)/ASSETS (31,572 ) 2,225
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (31,574 ) 2,223
SHAREHOLDERS' FUNDS (31,572) 2,225
Page 1
Page 2
For the year ending 30 June 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 her 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
Ms Kay Booth
Director
30th November 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Hadleigh News Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14760563 . The registered office is 68 High Street High Street, Hadleigh, Ipswich, Suffolk, IP7 5EF.
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. Going Concern Disclosure
The directors believe that the going concern basis is not appropriate as the company has no realistic alternative but to cease trading. The retail premises closed to the public at the end of September 2025.
2.3. 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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. 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 profit and loss account over its estimated economic life of 10 years.
2.5. 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:
Motor Vehicles 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2024: 16)
16 16
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4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2024 154,475
As at 30 June 2025 154,475
Amortisation
As at 1 July 2024 15,448
Provided during the period 15,447
As at 30 June 2025 30,895
Net Book Value
As at 30 June 2025 123,580
As at 1 July 2024 139,027
5. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 July 2024 3,290 - 3,290
Additions 5,040 333 5,373
As at 30 June 2025 8,330 333 8,663
Depreciation
As at 1 July 2024 823 - 823
Provided during the period 1,876 83 1,959
As at 30 June 2025 2,699 83 2,782
Net Book Value
As at 30 June 2025 5,631 250 5,881
As at 1 July 2024 2,467 - 2,467
6. Stocks
30 June 2025 30 June 2024
£ £
Stock 19,725 21,628
7. Debtors
30 June 2025 30 June 2024
£ £
Due within one year
Trade debtors - 18
Other debtors 8,461 19,729
8,461 19,747
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8. Creditors: Amounts Falling Due Within One Year
30 June 2025 30 June 2024
£ £
Trade creditors 11,112 11,406
Bank loans and overdrafts - 641
Other creditors 221,252 231,778
Taxation and social security 3,841 4,964
236,205 248,789
9. Share Capital
30 June 2025 30 June 2024
£ £
Allotted, Called up and fully paid 2 2
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