Company registration number: 07638405
Annual report and unaudited financial statements
for the period ended 31 May 2025
for
Dick Lane Newsagents Ltd
Pages for filing with the Registrar
Company registration number: 07638405
Dick Lane Newsagents Ltd
Balance sheet
as at 31 May 2025
Note £ £
Fixed assets
Intangible assets 4 60,000
Tangible assets 5 31,480
91,480
Current assets
Stocks 18,250
Cash at bank and in hand 2,321
20,571
Creditors: amounts falling due within one
year 		(9,894)
Net current assets 10,677
Total assets less current liabilities 102,157
Creditors: Amounts falling due after more
than one year 		(67,889)
NET ASSETS 34,268
Capital and reserves
Called up share capital 2
Profit and loss account 34,266
TOTAL EQUITY 34,268
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the period ended 31 May 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 07638405
Dick Lane Newsagents Ltd
Balance sheet - continued
as at 31 May 2025
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 28 May 2026 and signed on its behalf by:
Ms S Chima, Director Mr J Singh, Director
28 May 2026 28 May 2026
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Dick Lane Newsagents Ltd
Notes to the financial statements
for the period ended 31 May 2025
1 Company information
Dick Lane Newsagents Ltd is a private company registered in England and Wales. Its registered number is 07638405. The company is limited by shares. Its registered office is 148 Dick Lane, Tyersal, Bradford, BD4 8LJ.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
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.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Goodwill -
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold:
Freehold -
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
3
Dick Lane Newsagents Ltd
Notes to the financial statements - continued
for the period ended 31 May 2025
2 Accounting policies - continued
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the period the average number of employees was 5.
4 Intangible assets
Goodwill
£
Cost
At 31 May 2025 60,000
Amortisation
At 31 May 2025 -
Net book value
At 31 May 2025 60,000
5 Tangible fixed assets
Freehold
£
Cost
At 31 May 2025 31,480
Depreciation
At 31 May 2025 -
Net book value
At 31 May 2025 31,480
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