The Groves Newsagents Limited

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

Registered number: 08438081

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		53,000		59,625
Tangible Assets	5		16,968		21,659

			69,968		81,284
CURRENT ASSETS
Stocks	6	13,227		22,852
Debtors	7	14,104		23,855
Cash at bank and in hand		57,766		28,812

		85,097		75,519
Creditors: Amounts Falling Due Within One Year	8	(84,396 )		(82,295 )

NET CURRENT ASSETS (LIABILITIES)			701		(6,776 )

TOTAL ASSETS LESS CURRENT LIABILITIES			70,669		74,508

Creditors: Amounts Falling Due After More Than One Year	9		(13,034 )		(28,070 )

NET ASSETS			57,635		46,438

CAPITAL AND RESERVES
Called up share capital	11		100		100
Profit and Loss Account			57,535		46,338

SHAREHOLDERS' FUNDS			57,635		46,438

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The Groves Newsagents 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 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.

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

U G Musa

Director

10th December 2025

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

1. General Information

The Groves Newsagents Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08438081 . The registered office is 30 School Road, Sale, Cheshire, M33 7XF.

The presentation currency of the financial statements is the Pound Sterling (£).

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, excluding discounts, rebates, value added tax and other sales taxes.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

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.

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of twenty years.

2.4. Tangible Fixed Assets and Depreciation

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Leasehold	Over 10 years
Plant & Machinery	20% on reducing balance
Motor Vehicles	20% on reducing balance

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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.

2.7. 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 statement of financial position date.

2.8. Deferred Tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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The Groves Newsagents Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3. Average Number of Employees

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

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	132,500

As at 31 March 2025	132,500

Amortisation
As at 1 April 2024	72,875
Provided during the period	6,625

As at 31 March 2025	79,500

Net Book Value
As at 31 March 2025	53,000

As at 1 April 2024	59,625

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 April 2024	6,000	19,992	27,830	53,822

As at 31 March 2025	6,000	19,992	27,830	53,822

Depreciation
As at 1 April 2024	4,800	17,344	10,019	32,163
Provided during the period	600	529	3,562	4,691

As at 31 March 2025	5,400	17,873	13,581	36,854

Net Book Value
As at 31 March 2025	600	2,119	14,249	16,968

As at 1 April 2024	1,200	2,648	17,811	21,659

6. Stocks

	2025	2024
	£	£
Stock	13,227	22,852

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The Groves Newsagents Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Debtors

	2025	2024
	£	£
Due within one year
Amounts owed by participating interests	9,181	19,829
Other debtors	4,923	4,026

	14,104	23,855

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	4,833	4,833
Trade creditors	18,280	16,991
Other creditors	55,086	59,247
Taxation and social security	6,197	1,224

	84,396	82,295

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	800	5,632
Bank loans	12,234	22,438

	13,034	28,070

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	4,833	4,833
Later than one year and not later than five years	800	5,632

	5,633	10,465

	5,633	10,465

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

12. Directors Advances, Credits and Guarantees

The following advances and credits to directors subsisted during the current and prior periods:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr. Usman Musa	(56,797 )	4,225	-	-	(52,572 )

The above loan is unsecured, interest free and repayable on demand.

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