Purvis News Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 10210772 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

Purvis News Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs A J Patel

J Patel

REGISTERED OFFICE:

131 A Albany Road

Hornchurch

Essex

RM12 4AQ

REGISTERED NUMBER:

10210772 (England and Wales)

ACCOUNTANTS:

RISHA LTD

Admiral Rodney House

17 Church Street

Walton

Surrey

KT12 2QP

FIXED ASSETS

Intangible assets

4

208,000

Tangible assets

5

481,821

490,158

689,821

698,158

CURRENT ASSETS

Stocks

20,154

33,403

Debtors

6

256,520

262,318

Cash at bank and in hand

102,395

5,460

379,069

301,181

CREDITORS

Amounts falling due within one year

7

381,066

261,974

NET CURRENT (LIABILITIES)/ASSETS

(1,997

)

39,207

TOTAL ASSETS LESS CURRENT
LIABILITIES

687,824

737,365

CREDITORS

Amounts falling due after more than one year

8

429,627

490,659

NET ASSETS

258,197

246,706

CAPITAL AND RESERVES

Called up share capital

138,100

Retained earnings

120,097

108,606

SHAREHOLDERS' FUNDS

258,197

246,706

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2026 and were signed on its behalf by:

J Patel - Director

1.	STATUTORY INFORMATION

Purvis News Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

Stocks

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2024

and 31 May 2025

208,000

NET BOOK VALUE

At 31 May 2025

208,000

At 31 May 2024

208,000

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 June 2024

and 31 May 2025

425,000

100,754

525,754

DEPRECIATION

At 1 June 2024

-

35,596

Charge for year

-

8,337

At 31 May 2025

-

43,933

NET BOOK VALUE

At 31 May 2025

425,000

56,821

481,821

At 31 May 2024

425,000

65,158

490,158

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

Other debtors

256,520

262,318

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

Bank loans and overdrafts

18,904

Trade creditors

-

(1

)

Taxation and social security

9,233

3,529

Other creditors

352,929

239,542

381,066

261,974

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.5.25

31.5.24

£

Bank loans

154,241

210,267

Hire purchase contracts

15,386

20,392

Other creditors

260,000

429,627

490,659

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

98,977

134,212