1 April 2023 false Taxfiler 2024.5 08020638business:PrivateLimitedCompanyLtd2023-04-012024-03-31 080206382023-03-31 080206382023-04-012024-03-31 08020638business:AuditExemptWithAccountantsReport2023-04-012024-03-31 08020638business:FilletedAccounts2023-04-012024-03-31 080206382024-03-31 08020638business:Director12023-04-012024-03-31 08020638business:Director22023-04-012024-03-31 08020638business:RegisteredOffice2023-04-012024-03-31 080206382023-03-31 08020638core:WithinOneYear2024-03-31 08020638core:WithinOneYear2023-03-31 08020638core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 08020638core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 08020638core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 08020638core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 08020638core:PreviouslyStatedAmount2024-03-31 08020638core:PreviouslyStatedAmount2023-03-31 08020638business:SmallEntities2023-04-012024-03-31 08020638countries:EnglandWales2023-04-012024-03-31 08020638core:PlantMachinery2023-04-012024-03-31 08020638core:LandBuildings2023-03-31 08020638core:PlantMachinery2023-03-31 08020638core:LandBuildings2024-03-31 08020638core:PlantMachinery2024-03-31 08020638core:LandBuildings2023-04-012024-03-31 08020638business:Director112023-04-012024-03-31 08020638business:Director112023-03-31 08020638business:Director112024-03-31 080206382022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 08020638 (England and Wales)
Aquarian Broadcast Group Limited Unaudited accounts - Amended for the year ended 31 March 2024
Aquarian Broadcast Group Limited Unaudited accounts - Amended Contents
Page
- 2 -
Aquarian Broadcast Group Limited Company Information for the year ended 31 March 2024
Directors
T F Tucker D W Tucker
Company Number
08020638 (England and Wales)
Registered Office
27 IO CENTRE, CROYDON ROAD BEDDINGTON CROYDON CR0 4WQ ENGLAND
Accountants
Hybrid Premium LTD 110 Newbury Gardens Stoneleigh Epsom Surrey KT19 0PD
- 3 -
Aquarian Broadcast Group Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
449,767 
454,138 
Investments
104 
104 
449,871 
454,242 
Current assets
Debtors
158,261 
243,108 
Cash at bank and in hand
2,279 
3,689 
160,540 
246,797 
Creditors: amounts falling due within one year
(268,742)
(283,475)
Net current liabilities
(108,202)
(36,678)
Net assets
341,669 
417,564 
Capital and reserves
Called up share capital
105 
105 
Profit and loss account
341,564 
417,459 
Shareholders' funds
341,669 
417,564 
For the year ending 31 March 2024 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by
T F Tucker Director Company Registration No. 08020638
- 4 -
Aquarian Broadcast Group Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Aquarian Broadcast Group Limited is a private company, limited by shares, registered in England and Wales, registration number 08020638. The registered office is 27 IO CENTRE, CROYDON ROAD, BEDDINGTON, CROYDON, CR0 4WQ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Investments
Investments in shares are included at fair value.
Foreign exchange
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 5 -
Aquarian Broadcast Group Limited Notes to the Accounts for the year ended 31 March 2024
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
425,000 
147,157 
572,157 
At 31 March 2024
425,000 
147,157 
572,157 
Depreciation
At 1 April 2023
- 
118,019 
118,019 
Charge for the year
- 
4,371 
4,371 
At 31 March 2024
- 
122,390 
122,390 
Net book value
At 31 March 2024
425,000 
24,767 
449,767 
At 31 March 2023
425,000 
29,138 
454,138 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 April 2023
104 
Valuation at 31 March 2024
104 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
3,779 
Amounts due from group undertakings etc.
146,114 
194,199 
Accrued income and prepayments
7,758 
- 
Other debtors
4,389 
45,130 
158,261 
243,108 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
610 
- 
Trade creditors
8,970 
14,692 
Amounts owed to group undertakings and other participating interests
257,667 
267,067 
Loans from directors
- 
221 
Accruals
1,495 
1,495 
268,742 
283,475 
- 6 -
Aquarian Broadcast Group Limited Notes to the Accounts for the year ended 31 March 2024
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Director
(221)
4,609 
- 
4,388 
(221)
4,609 
- 
4,388 
Director repaid loan on 5th April 2024.
9
Transactions with related parties
At the Balance Sheet date, the company owed Broadcast Warehouse Limited £257,666.78 At the Balance Sheet date, the company was owed by BW Broadcast Limited £146,113.59 During the year the company charged BW Broadcast Limited a sum of £54,000.00 net for a Management Fee and Broadcast Warehouse Limited a sum of £12,000 net for a Management fee.
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 7 -