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 11021193 Mr Jason Shepherd Mr Howard Rose iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11021193 2022-11-30 11021193 2023-11-30 11021193 2022-12-01 2023-11-30 11021193 frs-core:CurrentFinancialInstruments 2023-11-30 11021193 frs-core:Non-currentFinancialInstruments 2023-11-30 11021193 frs-core:FurnitureFittings 2023-11-30 11021193 frs-core:FurnitureFittings 2022-12-01 2023-11-30 11021193 frs-core:FurnitureFittings 2022-11-30 11021193 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-30 11021193 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-01 2023-11-30 11021193 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-11-30 11021193 frs-core:ShareCapital 2023-11-30 11021193 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 11021193 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11021193 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 11021193 frs-bus:SmallEntities 2022-12-01 2023-11-30 11021193 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 11021193 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 11021193 frs-core:CostValuation 2022-11-30 11021193 frs-core:CostValuation 2023-11-30 11021193 frs-core:ProvisionsForImpairmentInvestments 2022-11-30 11021193 frs-core:ProvisionsForImpairmentInvestments 2023-11-30 11021193 frs-bus:Director1 2022-12-01 2023-11-30 11021193 frs-bus:Director2 2022-12-01 2023-11-30 11021193 frs-core:CurrentFinancialInstruments 1 2023-11-30 11021193 frs-countries:EnglandWales 2022-12-01 2023-11-30 11021193 2021-11-30 11021193 2022-11-30 11021193 2021-12-01 2022-11-30 11021193 frs-core:CurrentFinancialInstruments 2022-11-30 11021193 frs-core:Non-currentFinancialInstruments 2022-11-30 11021193 frs-core:ShareCapital 2022-11-30 11021193 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30 11021193 frs-core:CurrentFinancialInstruments 1 2022-11-30
Registered number: 11021193
Broadcast Systems Europe Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11021193
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 146,611 178,764
146,611 178,764
CURRENT ASSETS
Stocks 5 3,450 2,550
Debtors 6 59,397 72,148
Cash at bank and in hand 49,917 41,352
112,764 116,050
Creditors: Amounts Falling Due Within One Year 7 (243,021 ) (267,054 )
NET CURRENT ASSETS (LIABILITIES) (130,257 ) (151,004 )
TOTAL ASSETS LESS CURRENT LIABILITIES 16,354 27,760
Creditors: Amounts Falling Due After More Than One Year 8 (46,874 ) (94,637 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,695 ) (14,260 )
NET LIABILITIES (41,215 ) (81,137 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (41,315 ) (81,237 )
SHAREHOLDERS' FUNDS (41,215) (81,137)
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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 Jason Shepherd
Director
05/08/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. 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:
Leasehold 10 year on cost
Fixtures & Fittings 25% Reduce Balance
1.4. 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.
1.5. 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.
1.6. 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. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
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. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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1.7. Investments in subsidiaries
Investments in subsidiary undertakings are measured at cost less impairments.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 7 (2022: 6)
7 6
3. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 December 2022 133,885 213,102 346,987
As at 30 November 2023 133,885 213,102 346,987
Depreciation
As at 1 December 2022 30,175 138,048 168,223
Provided during the period 13,389 18,764 32,153
As at 30 November 2023 43,564 156,812 200,376
Net Book Value
As at 30 November 2023 90,321 56,290 146,611
As at 1 December 2022 103,710 75,054 178,764
4. Investments
Other
£
Cost
As at 1 December 2022 2,666
As at 30 November 2023 2,666
Provision
As at 1 December 2022 2,666
As at 30 November 2023 2,666
Net Book Value
As at 30 November 2023 -
As at 1 December 2022 -
5. Stocks
2023 2022
£ £
Stock 3,450 2,550
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6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 40,039 39,474
Prepayments and accrued income 2,046 2,882
Latimer digital loan 17,312 17,701
Other debtors-Wages overpaid - 1,466
VAT - 10,625
59,397 72,148
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 139,995 128,112
Bank loans and overdrafts 42,685 82,497
Other taxes and social security 11,575 -
VAT 14,019 -
Paypal 1,315 -
Barclays Credit Card 14,734 15,836
Accruals and deferred income 2,800 2,800
Directors' loan accounts 15,898 37,809
243,021 267,054
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 46,874 81,862
Other taxes and social security - 12,775
46,874 94,637
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
10. General Information
Broadcast Systems Europe Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11021193 . The registered office is Kings Head House, 15 London End, Beaconsfield, Buckinghamshire, HP9 2HN.
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