WAGTAIL TV LTD |
Notes to the Accounts |
for the year ended 30 June 2023 |
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1 |
Accounting policies |
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Basis of preparation |
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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). |
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Tangible fixed assets |
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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: |
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Plant and machinery |
over 5 years |
20% on reducing balance basis |
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Fixtures, fittings, tools and equipment |
over 5 years |
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2 |
Employees |
2023 |
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2022 |
Number |
Number |
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Average number of persons employed by the company |
2 |
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2 |
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3 |
Taxation |
2023 |
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2022 |
£ |
£ |
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UK Corporation tax |
608 |
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1,436 |
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608 |
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1,436 |
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3 |
Tangible fixed assets |
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Investment |
£ |
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Cost |
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At 1 July 2022 |
11,475 |
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At 30 June 2023 |
11,475 |
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Depreciation |
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At 30 June 2023 |
- |
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Net book value |
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At 30 June 2023 |
11,475 |
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At 30 June 2022 |
11,475 |
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4 |
Creditors: amounts falling due within one year |
2023 |
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2022 |
£ |
£ |
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Corporation Tax |
2,044 |
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1,436 |
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Other Creditors |
1,500 |
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1,500 |
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3,544 |
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2,936 |
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