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REGISTERED NUMBER: 12633111 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

MSG BROADCAST LTD

MSG BROADCAST LTD (REGISTERED NUMBER: 12633111)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MSG BROADCAST LTD

COMPANY INFORMATION
For The Year Ended 31 May 2024







DIRECTORS: S W Bull
M J Mcgreal





REGISTERED OFFICE: MSG Broadcast, Unit 3
40 Cold harbour Lane
Harpenden
AL5 4UN





REGISTERED NUMBER: 12633111 (England and Wales)





ACCOUNTANTS: BAND Advisory Group Limited
111 Charterhouse Street
London
EC1M 6AW

MSG BROADCAST LTD (REGISTERED NUMBER: 12633111)

BALANCE SHEET
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 228,472 162,748

CURRENT ASSETS
Debtors 5 89,281 42,768
Cash at bank 13,554 52,630
102,835 95,398
CREDITORS
Amounts falling due within one year 6 133,117 95,208
NET CURRENT (LIABILITIES)/ASSETS (30,282 ) 190
TOTAL ASSETS LESS CURRENT
LIABILITIES

198,190

162,938

CREDITORS
Amounts falling due after more than one
year

7

(138,820

)

(111,277

)

PROVISIONS FOR LIABILITIES 8 (55,519 ) (30,922 )
NET ASSETS 3,851 20,739

CAPITAL AND RESERVES
Called up share capital 9 3 3
Retained earnings 10 3,848 20,736
SHAREHOLDERS' FUNDS 3,851 20,739

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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 profit or loss 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.

MSG BROADCAST LTD (REGISTERED NUMBER: 12633111)

BALANCE SHEET - continued
31 May 2024


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 19 February 2025 and were signed on its behalf by:




S W Bull - Director



M J Mcgreal - Director


MSG BROADCAST LTD (REGISTERED NUMBER: 12633111)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 May 2024


1. STATUTORY INFORMATION

MSG Broadcast Ltd is a private company, limited by shares , 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on cost
Computer equipment - 20% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

MSG BROADCAST LTD (REGISTERED NUMBER: 12633111)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 May 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 225,249
Additions 138,777
At 31 May 2024 364,026
DEPRECIATION
At 1 June 2023 62,501
Charge for year 73,053
At 31 May 2024 135,554
NET BOOK VALUE
At 31 May 2024 228,472
At 31 May 2023 162,748

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 37,312 36,042
Other debtors 23,637 -
Directors' current accounts 27,511 -
Tax - 2,445
VAT - 4,281
Prepayments and accrued income 821 -
89,281 42,768

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 44,485 42,488
Trade creditors 47,466 7,601
Tax 30,050 -
Social security and other taxes 507 594
VAT 6,600 -
Other creditors 2,358 35,299
Directors' current accounts 1 5,976
Accrued expenses 1,650 3,250
133,117 95,208

MSG BROADCAST LTD (REGISTERED NUMBER: 12633111)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 May 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 5,592 7,210
Bank loans - 2-5 years 15,587 19,517
Hire purchase contracts 117,641 84,550
138,820 111,277

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 55,519 30,922

Deferred
tax
£   
Balance at 1 June 2023 30,922
Provided during year 24,597
Balance at 31 May 2024 55,519

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
NIL ORDINARY £1 - 3
290 Ordinary £0.01 3 -
3 3

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
290 Share capital 2 £0.01 3 -

10. RESERVES
Retained
earnings
£   

At 1 June 2023 20,736
Profit for the year 99,017
Dividends (110,376 )
Purchase of own shares (5,529 )
At 31 May 2024 3,848

MSG BROADCAST LTD (REGISTERED NUMBER: 12633111)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 May 2024


11. RELATED PARTY DISCLOSURES

At the balance sheet date the Directors owed the Company £27,510. This amount has interest accruing at the HMRC rate and is repayable on demand.

12. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.