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REGISTERED NUMBER: 06755423 (England and Wales)


















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Huntingdon Community Radio (Media) Ltd

Huntingdon Community Radio (Media) Ltd (Registered number: 06755423)






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


Huntingdon Community Radio (Media) Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr W G M Hensley
Mr R H Godby
Mr A J Obee
Mr P Singleton





SECRETARY: Mrs P Hensley





REGISTERED OFFICE: St. George's House
George Street
Huntingdon
Cambridgeshire
PE29 3GH





REGISTERED NUMBER: 06755423 (England and Wales)





ACCOUNTANTS: George Hay Partnership LLP
Chartered Accountants
St George's House
George Street
Huntingdon
Cambridgeshire
PE29 3GH

Huntingdon Community Radio (Media) Ltd (Registered number: 06755423)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 834 1,111

CURRENT ASSETS
Debtors 5 9,517 6,722
Cash at bank and in hand 25,681 24,941
35,198 31,663
CREDITORS
Amounts falling due within one year 6 23,202 16,617
NET CURRENT ASSETS 11,996 15,046
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,830

16,157

RESERVES
Income and expenditure account 12,830 16,157
12,830 16,157

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 directors acknowledge their 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 surplus or deficit 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 Board of Directors and authorised for issue on 7 August 2024 and were signed on its behalf by:





Mr W G M Hensley - Director


Huntingdon Community Radio (Media) Ltd (Registered number: 06755423)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Huntingdon Community Radio (Media) Ltd is a private company, limited by guarantee , 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 disclosure
During the year, the Company paid for production costs to a company who have a director in common.

Turnover
Advertising and sponsorship sales are measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.

Donations are recognised at the point which they are received.

All other turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and 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 - 25% on reducing balance

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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses

Huntingdon Community Radio (Media) Ltd (Registered number: 06755423)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 7,418
DEPRECIATION
At 1 January 2023 6,307
Charge for year 277
At 31 December 2023 6,584
NET BOOK VALUE
At 31 December 2023 834
At 31 December 2022 1,111

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 8,450 5,147
Other debtors 1,067 1,575
9,517 6,722

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 16,500 11,500
Trade creditors 2,922 2,267
Taxation and social security 1,489 1,222
Other creditors 2,291 1,628
23,202 16,617