RETAIL GAZETTE LIMITED - Filleted accounts

Registered number

07336587

RETAIL GAZETTE LIMITED

Filleted Accounts

31 October 2025

RETAIL GAZETTE LIMITED
Registered number:		07336587
Balance Sheet
as at 31 October 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		2,674			3,882

Current assets
Debtors	4	587,431			632,816
Cash at bank and in hand		5,889			18,795
		593,320			651,611

Creditors: amounts falling due within one year	5	(2,646,726)			(1,806,660)

Net current liabilities			(2,053,406)			(1,155,049)

Total assets less current liabilities			(2,050,732)			(1,151,167)

Creditors: amounts falling due after more than one year	6		(19,136)			(20,150)



Net liabilities			(2,069,868)			(1,171,317)

Capital and reserves
Called up share capital			1,100			1,100
Profit and loss account			(2,070,968)			(1,172,417)

Shareholders' funds			(2,069,868)			(1,171,317)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




S Whittington
Director
Approved by the board on 24 August 2026

RETAIL GAZETTE LIMITED
Notes to the Accounts
for the year ended 31 October 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 2 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Current tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		34		34


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 November 2024				36,660
	Additions				5,349
	At 31 October 2025				42,009

	Depreciation
	At 1 November 2024				32,778
	Charge for the year				6,557
	At 31 October 2025				39,335

	Net book value
	At 31 October 2025				2,674
	At 31 October 2024				3,882


4	Debtors		2025		2024
£				£

	Trade debtors		235,537		341,600
	Other debtors		351,894		291,216
			587,431		632,816


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Bank loans and overdrafts		4,500		8,000
	Trade creditors		154,315		107,551
	Taxation and social security costs		416,039		245,303
	Other creditors		2,071,872		1,445,806
			2,646,726		1,806,660


6	Creditors: amounts falling due after one year		2025		2024
£				£

	Bank loans		19,136		20,150


7	Related party transactions

	Included in other creditors is the sum of £758,214 (2024: £280,531) due to Quest Search and Selection Limited, a company in which S Whittington has a material interest and the sum of £150,785 (2024:£393,057) due to Quest Search and Selection FZE, a company registered in the United Arab Emirates, related by virtue of having a common director. There are no terms as to interest or repayment in respect of these balance. Included in expenses is £130,000 (2024: £130,000) in relation to cost recharges and management fees payable to Quest Search and Selection FZE .


8	Controlling party

	The ultimate controlling party is S Whittington, director and majority shareholder of the company.


9	Other information

	RETAIL GAZETTE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	7 Alrewic Gardens
	Aldridge
	Walsall
	West Midlands
	WS9 8NT