Acorah Software Products - Accounts Production 16.1.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 03413288 Mr Mark Reid Mr Simon Emblin Mr Patrick Delahunty Mr Mark Reid true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03413288 2023-03-31 03413288 2024-03-31 03413288 2023-04-01 2024-03-31 03413288 frs-core:CurrentFinancialInstruments 2024-03-31 03413288 frs-core:Non-currentFinancialInstruments 2024-03-31 03413288 frs-core:MotorVehicles 2024-03-31 03413288 frs-core:MotorVehicles 2023-04-01 2024-03-31 03413288 frs-core:MotorVehicles 2023-03-31 03413288 frs-core:PlantMachinery 2024-03-31 03413288 frs-core:PlantMachinery 2023-04-01 2024-03-31 03413288 frs-core:PlantMachinery 2023-03-31 03413288 frs-core:ShareCapital 2024-03-31 03413288 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 03413288 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03413288 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 03413288 frs-bus:SmallEntities 2023-04-01 2024-03-31 03413288 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03413288 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03413288 1 2023-04-01 2024-03-31 03413288 frs-bus:Director1 2023-04-01 2024-03-31 03413288 frs-bus:Director2 2023-04-01 2024-03-31 03413288 frs-bus:Director3 2023-04-01 2024-03-31 03413288 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 03413288 frs-countries:EnglandWales 2023-04-01 2024-03-31 03413288 2022-03-31 03413288 2023-03-31 03413288 2022-04-01 2023-03-31 03413288 frs-core:CurrentFinancialInstruments 2023-03-31 03413288 frs-core:Non-currentFinancialInstruments 2023-03-31 03413288 frs-core:ShareCapital 2023-03-31 03413288 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 03413288
Mansfield & Ashfield Broadcasting Company Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Robb & Co
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 03413288
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,214 8,828
6,214 8,828
CURRENT ASSETS
Debtors 5 180,776 148,804
Cash at bank and in hand 28,762 116,494
209,538 265,298
Creditors: Amounts Falling Due Within One Year 6 (29,944 ) (32,768 )
NET CURRENT ASSETS (LIABILITIES) 179,594 232,530
TOTAL ASSETS LESS CURRENT LIABILITIES 185,808 241,358
Creditors: Amounts Falling Due After More Than One Year 7 - (4,495 )
NET ASSETS 185,808 236,863
CAPITAL AND RESERVES
Called up share capital 8 405,715 405,715
Profit and Loss Account (219,907 ) (168,852 )
SHAREHOLDERS' FUNDS 185,808 236,863
Page 1
Page 2
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.
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 Patrick Delahunty
Director
19/12/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Mansfield & Ashfield Broadcasting Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03413288 . The registered office is Gainsborough House, 14 Burnett Road, Sutton Coldfield, West Midlands, B74 3EJ.
2. Accounting Policies
2.1. 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.
2.2. 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.
2.3. 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:
Plant & Machinery 15% reducing balance
Motor Vehicles 20% on cost
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2023 244,857 58,675 303,532
As at 31 March 2024 244,857 58,675 303,532
Depreciation
As at 1 April 2023 242,350 52,354 294,704
Provided during the period 507 2,107 2,614
As at 31 March 2024 242,857 54,461 297,318
Net Book Value
As at 31 March 2024 2,000 4,214 6,214
As at 1 April 2023 2,507 6,321 8,828
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Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 131,199 109,331
Prepayments and accrued income 1,383 -
Other debtors 44,692 39,473
Other taxes and social security 3,502 -
180,776 148,804
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,737 7,438
Bank loans and overdrafts 1,060 -
VAT 5,349 -
Other creditors 8,894 25,330
Accruals and deferred income 7,904 -
29,944 32,768
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans - 4,495
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 405,715 405,715
9. Ultimate Controlling Party
The company's parnet company is Slap 8 Limited by virtue of the ownership of 100% of the issued share capital in the company.
Page 4