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Broadcast Industries Limited
Registered Number:10525682
For the year ended 31 December 2022
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2022
Broadcast Industries Limited
Contents Page
1
Statement of Financial Position
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Notes to the Financial Statements
3
Registered Number :
10525682
As at 31 December 2022
Broadcast Industries Limited
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Property, plant and equipment
1,057
1,410
2
1,057
1,410
Current assets
Trade and other receivables
-
9,467
3
8,806
Cash and cash equivalents
6,326
15,793
8,806
Trade and other payables: amounts falling due within one year
(10,005)
(16,587)
4
(1,199)
(794)
Net current liabilities
Total assets less current liabilities
263
211
263
Net assets
211
Capital and reserves
Called up share capital
1
1
Retained earnings
262
210
263
211
Shareholders' funds
For the year ended 31 December 2022 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 of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Benjamin John Foster Edwards Director
These financial statements were approved and authorised for issue by the Board on 07 February 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2022
Broadcast Industries Limited
Notes to the Financial Statements
Statutory Information
Broadcast Industries Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
10525682.
Principal place of business:
Nieuwe Zorg
Catherine Wheel Road
Brentford
Middlesex
TW8 8BD
Registered address:
71-75 Sheldon Street
Covent Garden
London
WC2H 9JQ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 ''The
Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25% Reducing balance
25% Reducing balance
Computer Equipment
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
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5
For the year ended 31 December 2022
Broadcast Industries Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Plant and
Machinery
£
£
£
Cost or valuation
At 01 January 2022
5,940
1,500
4,440
At 31 December 2022
4,440
1,500
5,940
Provision for depreciation and impairment
At 01 January 2022
4,530
1,144
3,386
Charge for year
353
89
264
At 31 December 2022
4,883
1,233
3,650
At 31 December 2022
Net book value
790
267
1,057
At 31 December 2021
1,054
356
1,410
3. Trade and other receivables
2021
2022
£
£
Other debtors
9,467
-
4. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Taxation and social security
14,037
8,268
Other creditors
2,550
1,737
16,587
10,005
5. Average number of persons employed
During the year the average number of employees was 0
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