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Registration number: 07152680

3D Broadcast Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

3D Broadcast Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

3D Broadcast Limited

Company Information

Directors

Mr Phillip O'Marra

Mr Paul Duncan Raeburn

Mr Martin Joannou

Registered office

Carpenter Court
Maple Road
Stockport
SK7 2DH

Accountants

Andrew Jenvey, AIMS Accountants for Business
The Incuhive Space
Hursley Park Road
Hursley
Winchester
SO21 2JN

 

3D Broadcast Limited

(Registration number: 07152680)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

355

1,582

Current assets

 

Stocks

5

82,059

122,000

Debtors

6

71,837

157,324

Cash at bank and in hand

 

96,563

64,130

 

250,459

343,454

Creditors: Amounts falling due within one year

7

(209,531)

(333,509)

Net current assets

 

40,928

9,945

Net assets

 

41,283

11,527

Capital and reserves

 

Called up share capital

8

60

60

Retained earnings

41,223

11,467

Shareholders' funds

 

41,283

11,527

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 October 2024 and signed on its behalf by:
 

.........................................
Mr Phillip O'Marra
Director

 

3D Broadcast Limited

(Registration number: 07152680)
Balance Sheet as at 30 June 2024

.........................................
Mr Paul Duncan Raeburn
Director

.........................................
Mr Martin Joannou
Director

 

3D Broadcast Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Carpenter Court
Maple Road
Stockport
SK7 2DH

The principal place of business is:
Suite 573 East Side Complex
Pinewood Studios
Iver
Bucks
SL0 0NN

These financial statements were authorised for issue by the Board on 30 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

3D Broadcast Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture fittings and equipment

33% straight line

Other property plant and equipment

33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

3D Broadcast Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

 

3D Broadcast Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 July 2023

12,960

43,184

56,144

At 30 June 2024

12,960

43,184

56,144

Depreciation

At 1 July 2023

11,378

43,184

54,562

Charge for the year

1,227

-

1,227

At 30 June 2024

12,605

43,184

55,789

Carrying amount

At 30 June 2024

355

-

355

At 30 June 2023

1,582

-

1,582

5

Stocks

2024
£

2023
£

Other inventories

82,059

122,000

6

Debtors

Current

2024
£

2023
£

Trade debtors

21,502

31,664

Other debtors

50,335

125,660

 

71,837

157,324

7

Creditors

Creditors: amounts falling due within one year

 

3D Broadcast Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

17,221

27,870

Trade creditors

 

143,116

193,732

Taxation and social security

 

33,413

32,690

Other creditors

 

15,781

79,217

 

209,531

333,509

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A Shares of £1 each

30

30

30

30

Ordinary B Shares of £1 each

30

30

30

30

60

60

60

60

9

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank borrowings

17,221

27,870

10

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £320.80 (2023 - £3,159.20) per each Ordinary A

3,208

31,592

Interim dividend of £860.00 per each Ordinary B

8,600

8,600

Interim dividend of £1,180.80 (2023 - £4,019.20) per each Ordinary C

11,808

40,192

Interim dividend of £Nil (2023 - £2,286.00) per each Ordinary D

-

22,860

Interim dividend of £Nil per each Ordinary E

-

-

Interim dividend of £1,180.80 (2023 - £1,733.20) per each Ordinary F

11,808

17,332

35,424

120,576

11

Related party transactions

 

3D Broadcast Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

37,710

31,027