Registered number
12169819
KNL Broadcast Limited
Unaudited Filleted Accounts
5 April 2022
KNL Broadcast Limited
Registered number: 12169819
Balance Sheet
as at 5 April 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 4,195 372
Current assets
Debtors 4 13,114 8,606
Cash at bank and in hand 20,668 6,112
33,782 14,718
Creditors: amounts falling due within one year 5 (5,477) (1,279)
Net current assets 28,305 13,439
Total assets less current liabilities 32,500 13,811
Provisions for liabilities (797) (71)
Net assets 31,703 13,740
Capital and reserves
Called up share capital 100 100
Profit and loss account 31,603 13,640
Shareholders' funds 31,703 13,740
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.
K. Lloyd
Director
Approved by the board on 12 September 2022
KNL Broadcast Limited
Notes to the Accounts
for the year ended 5 April 2022
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.
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:
Fixtures, fittings, tools and equipment over 2-3 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).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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. 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. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 6 April 2021 579
Additions 6,046
At 5 April 2022 6,625
Depreciation
At 6 April 2021 207
Charge for the year 2,223
At 5 April 2022 2,430
Net book value
At 5 April 2022 4,195
At 5 April 2021 372
4 Debtors 2022 2021
£ £
Trade debtors 13,014 7,815
Other debtors 100 791
13,114 8,606
5 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors 380 -
Taxation and social security costs 4,323 1,043
Other creditors 774 236
5,477 1,279
6 Controlling party
The company is owned and controlled by the directors.
7 Other information
KNL Broadcast Limited is a private company limited by shares and incorporated in England. Its registered office is:
509 High Street
Stoke-on-Trent
ST6 5PB
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