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REGISTERED NUMBER: 06791375 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Meredith Broadcast Audio Limited

Meredith Broadcast Audio Limited (Registered number: 06791375)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Meredith Broadcast Audio Limited

Company Information
for the year ended 31 December 2023







DIRECTOR: R D Meredith





REGISTERED OFFICE: Coreley Mill
Coreley
Ludlow
Shropshire
SY8 3AU





REGISTERED NUMBER: 06791375 (England and Wales)





ACCOUNTANTS: Grant Harrod Lerman Davis LLP
Chartered Accountants
1st Floor
Healthaid House
Marlborough Hill
Harrow
Middlesex
HA1 1UD

Meredith Broadcast Audio Limited (Registered number: 06791375)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,666,131 1,697,680

CURRENT ASSETS
Debtors 5 241,307 108,876
Cash at bank 882,722 978,447
1,124,029 1,087,323
CREDITORS
Amounts falling due within one year 6 248,065 244,688
NET CURRENT ASSETS 875,964 842,635
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,542,095

2,540,315

PROVISIONS FOR LIABILITIES 25,786 25,786
NET ASSETS 2,516,309 2,514,529

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 2,516,308 2,514,528
SHAREHOLDERS' FUNDS 2,516,309 2,514,529

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

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

The director acknowledges his 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.

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 director and authorised for issue on 27 July 2024 and were signed by:




R D Meredith - Director


Meredith Broadcast Audio Limited (Registered number: 06791375)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Meredith Broadcast Audio 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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents income receivable for the year, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 25% on cost

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.

Pension costs and other post-retirement benefits
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 8 ) .

Meredith Broadcast Audio Limited (Registered number: 06791375)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 1,561,963 1,131,651 2,693,614
Additions - 71,414 71,414
Disposals - (24,356 ) (24,356 )
At 31 December 2023 1,561,963 1,178,709 2,740,672
DEPRECIATION
At 1 January 2023 - 995,934 995,934
Charge for year - 98,628 98,628
Eliminated on disposal - (20,021 ) (20,021 )
At 31 December 2023 - 1,074,541 1,074,541
NET BOOK VALUE
At 31 December 2023 1,561,963 104,168 1,666,131
At 31 December 2022 1,561,963 135,717 1,697,680

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 12,292 106,611
Other debtors 229,015 2,265
241,307 108,876

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,507 96,080
Taxation and social security 4,642 140,011
Other creditors 237,916 8,597
248,065 244,688

7. RELATED PARTY DISCLOSURES

In order to run the company on a day to day basis the director operates a loan account between himself and the company. The balance owing to the director on his loan account at 31 December 2023 amounted to £131 (2022 - £1,519). Dividends amounting to £1,500 were paid to Mr R Meredith during the year.

8. ULTIMATE CONTROLLING PARTY

The company was under the control of the director and shareholder, Mr R Meredith, throughout the current year.