Company Registration No. 5608728 (England and Wales)
Dega Broadcast Systems Limited
Unaudited accounts
for the year ended 31 March 2023
Dega Broadcast Systems Limited
Unaudited accounts
Contents
Dega Broadcast Systems Limited
Company Information
for the year ended 31 March 2023
Directors
John Cleaver
Guy Edmondson
Christopher Watts
Company Number
5608728 (England and Wales)
Registered Office
D E G A Broadcast Systems Ltd
Unit 1 Newton Court, Rankine Road
Basingstoke
Hampshire
RG24 8GF
England
Accountants
Blue Cube Accountants Limited
Britwell Grange
Britwell Road
Burnham
SL1 8DF
Dega Broadcast Systems Limited
Statement of financial position
as at 31 March 2023
Tangible assets
4,336
5,420
Debtors
1,023,568
2,502,115
Cash at bank and in hand
5,604,271
3,534,709
Creditors: amounts falling due within one year
(2,523,363)
(2,575,415)
Net current assets
4,155,114
3,501,693
Total assets less current liabilities
4,159,450
3,507,113
Provisions for liabilities
Deferred tax
(1,084)
(1,030)
Net assets
4,158,366
3,506,083
Called up share capital
63
63
Profit and loss account
4,158,303
3,506,020
Shareholders' funds
4,158,366
3,506,083
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 11 October 2023 and were signed on its behalf by
Guy Edmondson
Director
Company Registration No. 5608728
Dega Broadcast Systems Limited
Notes to the Accounts
for the year ended 31 March 2023
Dega Broadcast Systems Limited is a private company, limited by shares, registered in England and Wales, registration number 5608728. The registered office is D E G A Broadcast Systems Ltd, Unit 1 Newton Court, Rankine Road, Basingstoke, Hampshire, RG24 8GF, England.
These financial statements have been prepared in compliance with FRS 102, ’The Financial Reporting Standard applicable to the UK and Republic of Ireland’ including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
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
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
Dega Broadcast Systems Limited
Notes to the Accounts
for the year ended 31 March 2023
3
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Trade debtors
786,683
2,369,308
Accrued income and prepayments
236,885
132,807
5
Creditors: amounts falling due within one year
2023
2022
Trade creditors
343,355
610,512
Taxes and social security
204,709
30,472
Loans from directors
160,832
147,385
Accruals
1,492,023
1,445,286
Allotted, called up and fully paid:
63 Ordinary shares of £1 each
63
63
7
Transactions with related parties
The company occupies a property owned by Gripec Properties Limited, a company in which Mr G Edmondson is a director and has a controlling interest. The annual rental charge was £46,954 (2022 £46,954) and is calculated at open market rates.
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).