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REGISTERED NUMBER: 08140636 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

ABSOLUTE BROADCAST LIMITED

ABSOLUTE BROADCAST LIMITED (REGISTERED NUMBER: 08140636)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABSOLUTE BROADCAST LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Mr DB Chamberlain
Mrs LF Chamberlain





REGISTERED OFFICE: 14 Freer Close
Houghton on the Hill
Leicester
Leicestershire
LE7 9HU





REGISTERED NUMBER: 08140636 (England and Wales)

ABSOLUTE BROADCAST LIMITED (REGISTERED NUMBER: 08140636)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 343,412 372,248

CURRENT ASSETS
Debtors 5 58,747 52,957
Cash at bank 50,800 44,301
109,547 97,258
CREDITORS
Amounts falling due within one year 6 240,725 299,087
NET CURRENT LIABILITIES (131,178 ) (201,829 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

212,234

170,419

CREDITORS
Amounts falling due after more than one
year

7

-

(12,668

)

PROVISIONS FOR LIABILITIES (71,980 ) (57,646 )
NET ASSETS 140,254 100,105

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 140,154 100,005
SHAREHOLDERS' FUNDS 140,254 100,105

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ABSOLUTE BROADCAST LIMITED (REGISTERED NUMBER: 08140636)

BALANCE SHEET - continued
31 JULY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2023 and were signed on its behalf by:




Mr DB Chamberlain - Director



Mrs LF Chamberlain - Director


ABSOLUTE BROADCAST LIMITED (REGISTERED NUMBER: 08140636)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Absolute Broadcast Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in 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.

Turnover
Revenue comprises the fair value of the sale of services, excluding value added tax. The company provides services to customers under standard terms and conditions. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on completion of services, except in respect of service contracts where revenue is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - over 10 years
Equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

ABSOLUTE BROADCAST LIMITED (REGISTERED NUMBER: 08140636)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Long term contracts
Turnover on uncompleted contracts is determined according to the stage of completion of these contracts.

Operating profit includes attributable profit on contracts completed and amounts recoverable on contracts uncompleted, the latter also being included under debtors due within one year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Motor
property Equipment vehicles Totals
£    £    £    £   
COST
At 1 August 2022 16,340 691,620 25,020 732,980
Additions - 33,013 - 33,013
At 31 July 2023 16,340 724,633 25,020 765,993
DEPRECIATION
At 1 August 2022 - 354,477 6,255 360,732
Charge for year 1,634 55,524 4,691 61,849
At 31 July 2023 1,634 410,001 10,946 422,581
NET BOOK VALUE
At 31 July 2023 14,706 314,632 14,074 343,412
At 31 July 2022 16,340 337,143 18,765 372,248

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 57,643 50,863
Other debtors 1,104 2,094
58,747 52,957

ABSOLUTE BROADCAST LIMITED (REGISTERED NUMBER: 08140636)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 4,183
Trade creditors 1,615 -
Taxation and social security 48,779 584
Other creditors 190,331 294,320
240,725 299,087

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 12,668