Company Registration No. 10030706 (England and Wales)
VICTORIAN NEWS LIMITED
Unaudited accounts
for the year ended 28 February 2023
VICTORIAN NEWS LIMITED
Unaudited accounts
Contents
VICTORIAN NEWS LIMITED
Company Information
for the year ended 28 February 2023
Directors
Jasvinder Singh Randhawa
Parminder Kaur Randhawa
Company Number
10030706 (England and Wales)
Registered Office
8 PINNER VIEW
HARROW
MIDDLESEX
HA1 4QA
Accountants
A J Shah and Company
8 Pinner View
Harrow
Middlesex
HA1 4QA
VICTORIAN NEWS LIMITED
Statement of financial position
as at 28 February 2023
Tangible assets
28,315
16,690
Cash at bank and in hand
87,826
45,708
Creditors: amounts falling due within one year
(87,347)
(77,571)
Net current assets
127,709
68,812
Total assets less current liabilities
156,024
85,502
Creditors: amounts falling due after more than one year
(51,200)
(80,000)
Profit and loss account
104,824
5,502
Shareholders' funds
104,824
5,502
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by
Jasvinder Singh Randhawa
Director
Company Registration No. 10030706
VICTORIAN NEWS LIMITED
Notes to the Accounts
for the year ended 28 February 2023
VICTORIAN NEWS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10030706. The registered office is 8 PINNER VIEW, HARROW, MIDDLESEX, HA1 4QA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10% per ANNUM straight Line basis
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 March 2022
6,683
11,636
18,319
At 28 February 2023
6,683
25,846
32,529
At 1 March 2022
-
1,629
1,629
Charge for the year
-
2,585
2,585
At 28 February 2023
-
4,214
4,214
At 28 February 2023
6,683
21,632
28,315
At 28 February 2022
6,683
10,007
16,690
VICTORIAN NEWS LIMITED
Notes to the Accounts
for the year ended 28 February 2023
Amounts falling due within one year
Amounts due from group undertakings etc.
43,110
22,910
Other debtors
10,182
8,112
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
16,000
-
Trade creditors
42,811
45,537
Amounts owed to group undertakings and other participating interests
17,852
31,679
Taxes and social security
18,062
407
Loans from directors
(48,338)
(3,341)
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
