THE CONTENT STATION LIMITED

Company Registration Number:
09313731 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

THE CONTENT STATION LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Additional notes
Balance sheet notes

THE CONTENT STATION LIMITED

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 849 1,440
Total fixed assets: 849 1,440
Current assets
Debtors: 4 567,165 470,400
Cash at bank and in hand: 5,345 48,789
Total current assets: 572,510 519,189
Creditors: amounts falling due within one year: 5 ( 312,132 ) ( 229,184 )
Net current assets (liabilities): 260,378 290,005
Total assets less current liabilities: 261,227 291,445
Creditors: amounts falling due after more than one year: 6 ( 36,743 ) ( 80,601 )
Provision for liabilities: ( 162 ) ( 274 )
Total net assets (liabilities): 224,322 210,570
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 224,222 210,470
Total Shareholders' funds: 224,322 210,570

The notes form part of these financial statements

THE CONTENT STATION LIMITED

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 29 September 2023
and signed on behalf of the board by:

Name: S Campbell
Status: Director

The notes form part of these financial statements

THE CONTENT STATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:Rendering of servicesRevenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:- the amount of revenue can be measured reliably;- it is probable that the company will receive the consideration due under the contract;- the stage of completion of the contract at the end of the reporting period can be measured reliably; and- the costs incurred and the costs to complete the contract can be measured reliably.

    Tangible fixed assets depreciation policy

    Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.Depreciation is provided on the following basis:- Office equipment - 20% straight lineThe assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

    Other accounting policies

    Finance costsFinance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.Borrowing costsAll borrowing costs are recognised in profit or loss in the year in which they are incurred.Foreign currency translationThe company's functional and presentational currency is pound sterling.Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.Current and deferred taxationThe tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.PensionsThe company contributes to the personal pension plan of a director. The pension charge represents the amounts payable by the company to the plan in repsect of the year.

THE CONTENT STATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 6 5

THE CONTENT STATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2022 4,060 4,060
Additions
Disposals
Revaluations
Transfers
At 31 March 2023 4,060 4,060
Depreciation
At 1 April 2022 2,620 2,620
Charge for year 591 591
On disposals
Other adjustments
At 31 March 2023 3,211 3,211
Net book value
At 31 March 2023 849 849
At 31 March 2022 1,440 1,440

THE CONTENT STATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Debtors

2023 2022
£ £
Trade debtors 276,720 313,942
Prepayments and accrued income 289,604 151,856
Other debtors 841 4,602
Total 567,165 470,400

THE CONTENT STATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 166,758 46,568
Trade creditors 82,004 116,352
Taxation and social security 37,172 62,850
Accruals and deferred income 2,550 2,550
Other creditors 23,648 864
Total 312,132 229,184

THE CONTENT STATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 36,743 80,601
Total 36,743 80,601

The bank loans are repayable as follows:- £37,823 by November 2026 and incur interest at a rate of 2.5%.- £42,778 by May 2024 and incur interest at a rate of 4.49%.- £37,537 by April 2024 and incur interest at a rate of 9.1%.- £50,000 by March 2024 and incur interest at a rate of 15%.

THE CONTENT STATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

7. Financial Commitments

Subsequent to the year end the company has declared dividends totalling £25,500.

THE CONTENT STATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

8. Loans to directors

Name of director receiving advance or credit:
Description of the transaction:
Included within creditors: amounts falling due within one year is a loan from a director amounting to £1,154 (2022 - £1,366 loan to a director)
£
Balance at 31 March 2022 1,366
Advances or credits made: 84,892
Advances or credits repaid: 86,258
Balance at 31 March 2023 0

The amount was interest free and repayable on demand.