British Advertising Broadcast Awards Limited
Unaudited Financial Statements
For the year ended 31 March 2024
Pages for Filing with Registrar
Company Registration No. 01154411 (England and Wales)
British Advertising Broadcast Awards Limited
Company Information
Directors
L Lavender
S E Cooper
(Appointed 22 November 2023)
Company number
01154411
Registered office
Charlotte Building
17 Gresse Street
London
United Kingdom
W1T 1QL
Accountants
Moore Kingston Smith LLP
Charlotte Building
17 Gresse Street
London
W1T 1QL
British Advertising Broadcast Awards Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 3
British Advertising Broadcast Awards Limited
Balance Sheet
As at 31 March 2024
Page 1
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
209,541
286,029
Cash at bank and in hand
99,982
16,440
309,523
302,469
Creditors: amounts falling due within one year
4
(62,681)
(15,557)
Net current assets
246,842
286,912
Capital and reserves
Called up share capital
5
186
186
Share premium account
23,794
23,794
Profit and loss reserves
222,862
262,932
Total equity
246,842
286,912

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 7 August 2024 and are signed on its behalf by:
L  Lavender
Director
Company Registration No. 01154411
British Advertising Broadcast Awards Limited
Notes to the Financial Statements
For the year ended 31 March 2024
Page 2
1
Accounting policies
Company information

British Advertising Broadcast Awards Limited is a private company limited by shares incorporated in England and Wales. The registered office is Charlotte Building, 17 Gresse Street, London, United Kingdom, W1T 1QL.

1.1
Accounting convention

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of tickets is recognised when the event takes place, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments

The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other, or basic financial instruments measured at fair value.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

 

British Advertising Broadcast Awards Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2024
Page 3
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
33,087
53,730
Other debtors
176,454
191,065
Prepayments and accrued income
-
0
41,234
209,541
286,029
4
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
135
5,088
Taxation and social security
9,783
7,519
Other creditors
50,416
-
Accruals and deferred income
2,347
2,950
62,681
15,557
5
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
186 ordinary shares of £1 each
186
186
186
186
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