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Company Registration No. 04720476 (England and Wales)
BW Broadcast Limited Unaudited accounts for the year ended 31 March 2023
BW Broadcast Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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BW Broadcast Limited Company Information for the year ended 31 March 2023
Directors
Mrs T Tucker Mr E N Gratwick Mr D Tucker
Secretary
Mrs T Tucker
Company Number
04720476 (England and Wales)
Registered Office
27 IO CENTRE, CROYDON ROAD BEDDINGTON CROYDON CR0 4WQ ENGLAND
Accountants
Hybrid Premium LTD 110 Newbury Gardens Stoneleigh Epsom Surrey KT19 0PD
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BW Broadcast Limited Statement of financial position as at 31 March 2023
2023
2022
Notes
£
£
Fixed assets
Tangible assets
4
24,947
19,423
Current assets
Inventories
75,252
127,189
Debtors
5
297,399
298,738
Cash at bank and in hand
47,780
159,369
420,431
585,296
Creditors: amounts falling due within one year
6
(263,012)
(296,388)
Net current assets
157,419
288,908
Net assets
182,366
308,331
Capital and reserves
Called up share capital
100
100
Profit and loss account
182,266
308,231
Shareholders' funds
182,366
308,331
For the year ending 31 March 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 9 August 2023 and were signed on its behalf by
Mrs T Tucker Director Company Registration No. 04720476
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BW Broadcast Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
BW Broadcast Limited is a private company, limited by shares, registered in England and Wales, registration number 04720476. The registered office is 27 IO CENTRE, CROYDON ROAD, BEDDINGTON, CROYDON, CR0 4WQ, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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BW Broadcast Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
59,958
833
332
61,123
Additions
850
-
9,135
9,985
At 31 March 2023
60,808
833
9,467
71,108
Depreciation
At 1 April 2022
41,294
406
-
41,700
Charge for the year
3,854
85
522
4,461
At 31 March 2023
45,148
491
522
46,161
Net book value
At 31 March 2023
15,660
342
8,945
24,947
At 31 March 2022
18,664
427
332
19,423
5
Debtors
2023
2022
£
£
Amounts falling due within one year
VAT
8,381
51,132
Trade debtors
34,193
50,969
Amounts due from group undertakings etc.
156,310
158,446
Accrued income and prepayments
8,879
-
Other debtors
89,636
38,191
297,399
298,738
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
29,744
3,993
Amounts owed to group undertakings and other participating interests
194,199
260,325
Taxes and social security
35,905
25,061
Other creditors
1,496
1,645
Loans from directors
173
364
Accruals
1,495
5,000
263,012
296,388
7
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Director Loan
-
186
-
186
-
186
-
186
This amount was repaid in August 2023.
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BW Broadcast Limited Notes to the Accounts for the year ended 31 March 2023
8
Transactions with related parties
Aquarian Broadcast Group Ltd; At the balance sheet date, the company owed £194,198.90 to Aquarian Broadcast Ltd. Broadcast Warehouse Ltd; Foreign Currency is Passed between the companies based on the timing, availability, and requirement of currency. At the balance sheet date, the company was owed £156,309.78 by Broadcast Warehouse Ltd.
9
Average number of employees
During the year the average number of employees was 8 (2022: 8).
- 7 -