Newsvend Ltd - Filleted accounts

Registered number

06151899

Newsvend Ltd

Filleted Accounts

31 March 2019

Newsvend Ltd
Registered number:		06151899
Balance Sheet
as at 31 March 2019

Notes			2019			2018
£				£
Current assets
Debtors	3	5,439			10,759
Cash at bank and in hand		12,594			21,672
		18,033			32,431

Creditors: amounts falling due within one year	4	(31,700)			(40,696)

Net current liabilities			(13,667)			(8,265)

Net liabilities			(13,667)			(8,265)

Capital and reserves
Called up share capital			1,000			1,000
Profit and loss account			(14,667)			(9,265)

Shareholders' funds			(13,667)			(8,265)

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.




C Cartmail
Director
Approved by the board on 12 March 2020


Notes to the Accounts
for the year ended 31 March 2019


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.

	Debtors
	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.

	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 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 are not discounted.


2	Taxation losses

	Subject to the agreement of HM Revenue and Customs, there are trading losses available to carry forward against future profits arising from the same trade of approximately £74,000.


3	Debtors	2019		2018
£			£

	Trade debtors	5,439		9,587
	Other debtors	-		1,172
		5,439		10,759


4	Creditors: amounts falling due within one year	2019		2018
£			£

	Trade creditors	1,020		9,687
	Taxation and social security costs	62		-
	Director's loan account	30,178		30,179
	Other creditors	440		830
		31,700		40,696


5	Related party transactions

	Business Data International Limited Controlling interest by Mr C Cartmail Purchases on commercial terms: £36,917 (2018: £32.667) Owed from Newsvend Limited: £nil (2018: £7,500) Business Sale Report Limited Equal controlling interest by Mr C Cartmail Sales on commercial terms: £500 (2018: £nil) Purchases on commercial terms: £0 (2018: £59,000)


6	Other information

	Newsvend Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	167 Oakhill Road
	London
	SW15 2QW

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