Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 03946386 Mr Andrew Ogden Mr Matthew Ellis Mr Gregory May iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03946386 2022-11-30 03946386 2023-11-30 03946386 2022-12-01 2023-11-30 03946386 frs-core:CurrentFinancialInstruments 2023-11-30 03946386 frs-core:Non-currentFinancialInstruments 2023-11-30 03946386 frs-core:ComputerEquipment 2023-11-30 03946386 frs-core:ComputerEquipment 2022-12-01 2023-11-30 03946386 frs-core:ComputerEquipment 2022-11-30 03946386 frs-core:FurnitureFittings 2023-11-30 03946386 frs-core:FurnitureFittings 2022-12-01 2023-11-30 03946386 frs-core:FurnitureFittings 2022-11-30 03946386 frs-core:PlantMachinery 2023-11-30 03946386 frs-core:PlantMachinery 2022-12-01 2023-11-30 03946386 frs-core:PlantMachinery 2022-11-30 03946386 frs-core:CapitalRedemptionReserve 2023-11-30 03946386 frs-core:ShareCapital 2023-11-30 03946386 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 03946386 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 03946386 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 03946386 frs-bus:SmallEntities 2022-12-01 2023-11-30 03946386 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 03946386 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 03946386 frs-bus:Director1 2022-12-01 2023-11-30 03946386 frs-bus:Director1 2022-11-30 03946386 frs-bus:Director1 2023-11-30 03946386 frs-bus:Director2 2022-12-01 2023-11-30 03946386 frs-bus:Director3 2022-12-01 2023-11-30 03946386 frs-countries:EnglandWales 2022-12-01 2023-11-30 03946386 2021-11-30 03946386 2022-11-30 03946386 2021-12-01 2022-11-30 03946386 frs-core:CurrentFinancialInstruments 2022-11-30 03946386 frs-core:Non-currentFinancialInstruments 2022-11-30 03946386 frs-core:CapitalRedemptionReserve 2022-11-30 03946386 frs-core:ShareCapital 2022-11-30 03946386 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 03946386
Broadcast Media Services Limited
Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03946386
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 44,055 46,821
44,055 46,821
CURRENT ASSETS
Stocks 5 132,590 106,053
Debtors 6 207,431 88,009
Cash at bank and in hand 31,379 84,023
371,400 278,085
Creditors: Amounts Falling Due Within One Year 7 (141,405 ) (133,144 )
NET CURRENT ASSETS (LIABILITIES) 229,995 144,941
TOTAL ASSETS LESS CURRENT LIABILITIES 274,050 191,762
Creditors: Amounts Falling Due After More Than One Year 8 (14,989 ) (24,814 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (11,014 ) (11,706 )
NET ASSETS 248,047 155,242
CAPITAL AND RESERVES
Called up share capital 9 173 173
Capital redemption reserve 32 32
Profit and Loss Account 247,842 155,037
SHAREHOLDERS' FUNDS 248,047 155,242
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For the year ending 30 November 2023 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Matthew Ellis
Director
16 August 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Broadcast Media Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03946386 . The registered office is The Media Centre, 97-99 Faraday Road, Nottingham, NG7 2DU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2022: 10)
11 10
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2022 81,944 73,005 81,154 236,103
Additions 2,734 825 6,636 10,195
As at 30 November 2023 84,678 73,830 87,790 246,298
Depreciation
As at 1 December 2022 65,155 59,178 64,949 189,282
Provided during the period 4,546 3,596 4,819 12,961
As at 30 November 2023 69,701 62,774 69,768 202,243
Net Book Value
As at 30 November 2023 14,977 11,056 18,022 44,055
As at 1 December 2022 16,789 13,827 16,205 46,821
5. Stocks
2023 2022
£ £
Stock 132,590 106,053
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 183,360 79,549
Prepayments and accrued income 5,701 6,465
Other debtors 500 -
Directors' loan accounts 17,870 1,995
207,431 88,009
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 21,057 60,264
Bank loans and overdrafts 10,648 10,648
Corporation tax 45,905 32,348
Other taxes and social security 6,841 4,172
VAT 49,541 15,348
Other creditors 6,832 10,028
Accruals and deferred income 581 336
141,405 133,144
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8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 14,989 24,814
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 173 173
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2022 Amounts advanced Amounts repaid Amounts written off As at 30 November 2023
£ £ £ £ £
Mr Matthew Ellis 1,995 100,728 84,853 - 17,870
The above loan is unsecured, interest free and repayable on demand. The brought forward and carried forward balances were settled within 9 months of the respective year end.
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