Company Registration No. 11371305 (England and Wales)
Woodley Newsagent Ltd
Unaudited accounts
for the year ended 31 May 2025
Woodley Newsagent Ltd
Unaudited accounts
Contents
Woodley Newsagent Ltd
Company Information
for the year ended 31 May 2025
Directors
Haresh Pandya
Mihirkumar Patel
Company Number
11371305 (England and Wales)
Registered Office
118 Crockhamwell Road
Woodley
Reading
Berkshire
RG5 3JH
England
Accountants
AV Professional Services Ltd
5 Eliot Drive
Harrow
Middlesex
HA2 0UP
Woodley Newsagent Ltd
Statement of financial position
as at 31 May 2025
Tangible assets
17,442
20,363
Cash at bank and in hand
55,876
25,376
Creditors: amounts falling due within one year
(226,700)
(108,926)
Net current assets
52,431
20,979
Total assets less current liabilities
69,873
41,342
Creditors: amounts falling due after more than one year
(2,918)
(11,622)
Called up share capital
200
200
Profit and loss account
66,755
29,520
Shareholders' funds
66,955
29,720
For the year ending 31 May 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2026 and were signed on its behalf by
Haresh Pandya
Director
Company Registration No. 11371305
Woodley Newsagent Ltd
Notes to the Accounts
for the year ended 31 May 2025
Woodley Newsagent Ltd is a private company, limited by shares, registered in England and Wales, registration number 11371305. The registered office is 118 Crockhamwell Road, Woodley, Reading, Berkshire, RG5 3JH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10 years over the period of the lease
Plant & machinery
15% reducing balance
Fixtures & fittings
15% reducing balance
The accounts have been prepared on a going concern basis on the understanding that the creditors and shareholders will continue to support the company for the foreseeable future.
Grants of a revenue nature are recognised in the profit and loss account in the same year as the related expenditure.
Woodley Newsagent Ltd
Notes to the Accounts
for the year ended 31 May 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2024
31,861
7,698
4,000
43,559
At 31 May 2025
31,861
9,187
4,000
45,048
At 1 June 2024
18,637
2,182
2,377
23,196
Charge for the year
3,186
987
237
4,410
At 31 May 2025
21,823
3,169
2,614
27,606
At 31 May 2025
10,038
6,018
1,386
17,442
At 31 May 2024
13,224
5,516
1,623
20,363
Finished goods
80,002
77,500
Amounts falling due within one year
Amounts due from group undertakings etc.
88,432
-
Accrued income and prepayments
23,424
8,779
Other debtors
31,397
18,250
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
9,338
9,973
Trade creditors
56,102
6,676
Taxes and social security
20,950
2,330
Loans from directors
131,458
81,000
8
Creditors: amounts falling due after more than one year
2025
2024
Woodley Newsagent Ltd
Notes to the Accounts
for the year ended 31 May 2025
9
Average number of employees
During the year the average number of employees was 6 (2024: 8).