| RAJ NEWS LIMITED |
| Notes to the Accounts |
| for the year ended 30 November 2025 |
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| 1 |
Accounting policies |
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Basis of preparation |
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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). |
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Turnover |
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Turnover is measured at the fair value of the consideration receivable, net of discounts. Turnover includes revenue earned from the rendering of services. |
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Intangible fixed assets |
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Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Motor vehicle |
15% Reducing balance |
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Fixtures, fittings, tools and equipment |
25% Reducing balance |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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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. |
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Taxation |
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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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
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Provisions |
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Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
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Pensions |
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Contributions to defined contribution plans are expensed in the period to which they relate. |
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| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
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Average number of persons employed by the company |
1 |
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1 |
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| 3 |
Intangible fixed assets |
£ |
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Goodwill: |
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Cost |
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At 1 December 2024 |
25,000 |
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At 30 November 2025 |
25,000 |
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Amortisation |
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At 1 December 2024 |
25,000 |
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At 30 November 2025 |
25,000 |
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Net book value |
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At 30 November 2025 |
- |
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Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years. |
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| 4 |
Tangible fixed assets |
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Plant and machinery etc |
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Motor vehicles |
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Total |
| £ |
£ |
£ |
|
Cost |
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At 1 December 2024 |
9,591 |
|
12,551 |
|
22,142 |
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Additions |
543 |
|
- |
|
543 |
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At 30 November 2025 |
10,134 |
|
12,551 |
|
22,685 |
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Depreciation |
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At 1 December 2024 |
5,937 |
|
3,482 |
|
9,419 |
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Charge for the year |
1,049 |
|
1,361 |
|
2,410 |
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At 30 November 2025 |
6,986 |
|
4,843 |
|
11,829 |
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Net book value |
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At 30 November 2025 |
3,148 |
|
7,708 |
|
10,856 |
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At 30 November 2024 |
3,654 |
|
9,069 |
|
12,723 |
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| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
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Other debtors ( see note 7 below) |
19,932 |
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- |
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| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
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Corporation tax |
13,826 |
|
5,914 |
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Other taxes and social security costs |
253 |
|
528 |
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Other creditors |
5,180 |
|
4,960 |
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19,259 |
|
11,402 |
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| 7 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
Mrs N Raithatha |
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Overdrawn |
- |
|
19,932 |
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- |
|
19,932 |
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|
- |
|
19,932 |
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- |
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19,932 |
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At the year end the Director's loan account was overdrwan by £19,932 but the amount was fully repaid within 9 months of the year end. An interest of 3.75 % was charged on the loan during the year. |
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| 8 |
Controlling party |
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The Company was under the control of Mrs N Raithatha and Mr D Raithatha, both being the directors and shareholders in the company throughout the year. |
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| 9 |
Other information |
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RAJ NEWS LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
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309 Hoe Street |
|
Walthamstow |
|
London |
|
E17 9BG |