Registered number
09725986
Adam Broadcast Limited
Unaudited Filleted Accounts
31 May 2023
Adam Broadcast Limited
Registered number: 09725986
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,738 1,053
Current assets
Debtors 4 8,826 6,614
Cash at bank and in hand 15,314 18,400
24,140 25,014
Creditors: amounts falling due within one year 5 (14,618) (14,996)
Net current assets 9,522 10,018
Total assets less current liabilities 11,260 11,071
Provisions for liabilities (330) (200)
Net assets 10,930 10,871
Capital and reserves
Called up share capital 100 100
Profit and loss account 10,830 10,771
Shareholder's funds 10,930 10,871
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A. Zuberi
Director
Approved by the board on 26 October 2023
Adam Broadcast Limited
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
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:
Fixtures, fittings, tools and equipment over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2022 3,335
Additions 1,790
Disposals (221)
At 31 May 2023 4,904
Depreciation
At 1 June 2022 2,282
Charge for the year 1,105
On disposals (221)
At 31 May 2023 3,166
Net book value
At 31 May 2023 1,738
At 31 May 2022 1,053
4 Debtors 2023 2022
£ £
Trade debtors 8,826 6,614
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 12,072 11,677
Other creditors 2,546 3,319
14,618 14,996
6 Controlling party
The company is controlled by the director.
7 Other information
Adam Broadcast Limited is a private company limited by shares and incorporated in England. Its registered office is:
74a Spring Lane
London
SE25 4SP
Adam Broadcast Limited 09725986 false 2022-06-01 2023-05-31 2023-05-31 VT Final Accounts October 2023 release 2 A. Zuberi No description of principal activity 09725986 2021-06-01 2022-05-31 09725986 core:WithinOneYear 2022-05-31 09725986 core:ShareCapital 2022-05-31 09725986 core:RetainedEarningsAccumulatedLosses 2022-05-31 09725986 2022-06-01 2023-05-31 09725986 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 09725986 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 09725986 bus:Director40 2022-06-01 2023-05-31 09725986 1 2022-06-01 2023-05-31 09725986 2 2022-06-01 2023-05-31 09725986 core:PlantMachinery 2022-06-01 2023-05-31 09725986 countries:England 2022-06-01 2023-05-31 09725986 bus:FRS102 2022-06-01 2023-05-31 09725986 bus:FullAccounts 2022-06-01 2023-05-31 09725986 2023-05-31 09725986 core:WithinOneYear 2023-05-31 09725986 core:ShareCapital 2023-05-31 09725986 core:RetainedEarningsAccumulatedLosses 2023-05-31 09725986 core:PlantMachinery 2023-05-31 09725986 2022-05-31 09725986 core:PlantMachinery 2022-05-31 iso4217:GBP xbrli:pure