| REGISTERED NUMBER: |
| V M Gedney Newsagents Limited |
| Unaudited Financial Statements |
| for the Year Ended 30 September 2025 |
| REGISTERED NUMBER: |
| V M Gedney Newsagents Limited |
| Unaudited Financial Statements |
| for the Year Ended 30 September 2025 |
| V M Gedney Newsagents Limited (Registered number: 04514242) |
| Contents of the Financial Statements |
| for the Year Ended 30 September 2025 |
| Page |
| Company information | 1 |
| Chartered accountants' report | 2 |
| Statement of financial position | 3 |
| Notes to the financial statements | 5 |
| V M Gedney Newsagents Limited |
| Company Information |
| for the Year Ended 30 September 2025 |
| Directors: |
| Registered office: |
| Business address: |
| Registered number: |
| Accountants: |
| Bank House |
| Broad Street |
| Spalding |
| Lincolnshire |
| PE11 1TB |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| V M Gedney Newsagents Limited |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Directors' report are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of V M Gedney Newsagents Limited for the year ended 30 September 2025 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the Board of Directors of V M Gedney Newsagents Limited, as a body, in accordance with the terms of our engagement letter dated 25 July 2022. Our work has been undertaken solely to prepare for your approval the financial statements of V M Gedney Newsagents Limited and state those matters that we have agreed to state to the Board of Directors of V M Gedney Newsagents Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than V M Gedney Newsagents Limited and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that V M Gedney Newsagents Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of V M Gedney Newsagents Limited. You consider that V M Gedney Newsagents Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of V M Gedney Newsagents Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Bank House |
| Broad Street |
| Spalding |
| Lincolnshire |
| PE11 1TB |
| V M Gedney Newsagents Limited (Registered number: 04514242) |
| Statement of Financial Position |
| 30 September 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Intangible assets | 5 |
| Tangible assets | 6 |
| Current assets |
| Stocks |
| Debtors | 7 |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | 8 |
| Net current assets |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year |
9 |
( |
) |
| Provisions for liabilities | ( |
) | ( |
) |
| Net assets |
| Capital and reserves |
| Called up share capital | 10 |
| Retained earnings |
| Shareholders' funds |
| 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. |
| V M Gedney Newsagents Limited (Registered number: 04514242) |
| Statement of Financial Position - continued |
| 30 September 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| V M Gedney Newsagents Limited (Registered number: 04514242) |
| Notes to the Financial Statements |
| for the Year Ended 30 September 2025 |
| 1. | Statutory information |
| V M Gedney Newsagents Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | Statement of compliance |
| 3. | Accounting policies |
| Basis of 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. |
| Goodwill |
| Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. |
| Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill cannot be made, the life is presumed not to exceed five years. |
| Amortisation |
| Amortisation is provided at the following annual rates in order to write off the cost of each respective asset, less its residual value over the useful life of that asset as follows: |
| Goodwill - over 20 years and over 5 years |
| If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, amortisation is revised going forward to reflect the new estimates. |
| Tangible fixed assets |
| Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. |
| Depreciation is provided so as to write off the cost or valuation of an asset, less its residual value, over its estimated useful life as follows: |
| Leasehold improvements - over 25 years |
| Equipment - 15% reducing balance |
| Motor vehicles - 20% reducing balance |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| V M Gedney Newsagents Limited (Registered number: 04514242) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2025 |
| 3. | Accounting policies - continued |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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. |
| 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. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| 4. | Employees and directors |
| The average number of employees during the year was |
| 5. | Intangible fixed assets |
| Goodwill |
| £ |
| Cost |
| At 1 October 2024 |
| and 30 September 2025 |
| Amortisation |
| At 1 October 2024 |
| and 30 September 2025 |
| Net book value |
| At 30 September 2025 |
| At 30 September 2024 |
| V M Gedney Newsagents Limited (Registered number: 04514242) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2025 |
| 6. | Tangible fixed assets |
| Leasehold | Motor |
| improvements | Equipment | vehicles | Totals |
| £ | £ | £ | £ |
| Cost |
| At 1 October 2024 |
| Additions |
| At 30 September 2025 |
| Depreciation |
| At 1 October 2024 |
| Charge for year |
| At 30 September 2025 |
| Net book value |
| At 30 September 2025 |
| At 30 September 2024 |
| 7. | Debtors: amounts falling due within one year |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Corporation tax |
| Prepayments |
| 8. | Creditors: amounts falling due within one year |
| 2025 | 2024 |
| £ | £ |
| Bank loans & overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Corporation tax |
| PAYE & NIC |
| VAT |
| Other creditors |
| Directors' loan accounts |
| Accruals & deferred income |
| Bank loans and overdrafts relate to a Bounce Back loan payable over six years. Interest is chargeable twelve months after the loan being drawn. This loan is 100% government backed. |
| V M Gedney Newsagents Limited (Registered number: 04514242) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2025 |
| 9. | Creditors: amounts falling due after more than one year |
| 2025 | 2024 |
| £ | £ |
| Bank loans |
| Hire purchase contracts |
| Bank loans relate to a Bounce Back loan payable over six years. Interest is chargeable twelve months after the loan being drawn. This loan is 100% government backed. |
| 10. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 11. | Directors' advances, credits and guarantees |
| The following advances and credits to directors subsisted during the years ended 30 September 2025 and 30 September 2024: |
| 2025 | 2024 |
| £ | £ |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) | ( |
) |
| The figures are aggregated. Interest between 2% and 2.25% has been charged to the overdrawn amounts. |