REGISTERED NUMBER: 05697761 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

SHARNBROOK NEWS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M S Gill

Mrs S Gill

H Gill

SECRETARY:

Mrs S Gill

REGISTERED OFFICE:

26 High Street

Sharnbrook

Bedford

Bedfordshire

MK44 1PF

REGISTERED NUMBER:

05697761 (England and Wales)

ACCOUNTANTS:

Darrington & Co Limited

71 High Street

Gt Barford

Bedford

Bedfordshire

MK44 3LF

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

709,633

573,602

709,633

573,602

CURRENT ASSETS

Stocks

50,000

50,000

Debtors

6

20,735

14,031

Cash at bank and in hand

36,225

55,565

106,960

119,596

CREDITORS

Amounts falling due within one year

7

196,994

193,847

NET CURRENT LIABILITIES

(90,034

)

(74,251

)

TOTAL ASSETS LESS CURRENT LIABILITIES

619,599

499,351

CAPITAL AND RESERVES

Called up share capital

8

300

300

Retained earnings

9

619,299

499,051

SHAREHOLDERS' FUNDS

619,599

499,351

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2025 and were signed on its behalf by:

M S Gill - Director

Mrs S Gill - Director

1.	STATUTORY INFORMATION

Sharnbrook News Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

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, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Plant and equipment

-

20% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

500

AMORTISATION

At 1 April 2024

and 31 March 2025

500

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

equipment

fittings

£

£

£

COST

At 1 April 2024

548,399

9,976

113,951

Additions

127,323

13,495

1,642

At 31 March 2025

675,722

23,471

115,593

DEPRECIATION

At 1 April 2024

-

7,909

110,105

Charge for year

-

1,785

1,810

At 31 March 2025

-

9,694

111,915

NET BOOK VALUE

At 31 March 2025

675,722

13,777

3,678

At 31 March 2024

548,399

2,067

3,846

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

48,290

10,136

730,752

Additions

-

2,335

144,795

At 31 March 2025

48,290

12,471

875,547

DEPRECIATION

At 1 April 2024

29,403

9,733

157,150

Charge for year

4,722

447

8,764

At 31 March 2025

34,125

10,180

165,914

NET BOOK VALUE

At 31 March 2025

14,165

2,291

709,633

At 31 March 2024

18,887

403

573,602

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

8,168

7,642

Other debtors

1,837

-

VAT

6,931

-

Prepayments

3,799

6,389

20,735

14,031

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

29,342

32,381

Tax

36,019

34,446

Social security and other taxes

694

1,017

VAT

-

168

Directors' current accounts

120,150

117,809

Accrued expenses

10,789

8,026

196,994

193,847

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100

100

"A" Non-Voting

£1

100

100

100

"B" Non-Voting

£1

100

100

300

300

9.

RESERVES

Retained

earnings

£

At 1 April 2024

499,051

Profit for the year

122,998

Dividends

(2,750

)

At 31 March 2025

619,299

10.	RELATED PARTY DISCLOSURES

During the year M S and Mrs S Gill charged rent, on a commercial basis, of £18,000 (2024 : £18,000) to the company in respect of the shop.