Company registration number 05224522 (England and Wales)
SGD BROADCAST MEDIA LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
SGD BROADCAST MEDIA LIMITED
CONTENTS
Page
Balance sheet
2
Notes to the financial statements
3 - 5
SGD BROADCAST MEDIA LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr S G Deeming
Mrs N J Deeming
Company number
05224522
Registered office
88 Hill Village Road
Sutton Coldfield
West Midlands
United Kingdom
B75 5BE
Accountants
Haslehursts Limited
88 Hill Village Road
Sutton Coldfield
West Midlands
England
B75 5BE
SGD BROADCAST MEDIA LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
65,742
21,514
Current assets
Debtors
5
51,285
67,919
Cash at bank and in hand
156,353
220,631
207,638
288,550
Creditors: amounts falling due within one year
6
(29,513)
(38,208)
Net current assets
178,125
250,342
Net assets
243,867
271,856
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
243,767
271,756
Total equity
243,867
271,856

For the financial year ended 30 September 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 17 March 2025 and are signed on its behalf by:
..............................................
Mr S G Deeming
Director
Company registration number 05224522 (England and Wales)
SGD BROADCAST MEDIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 3 -
1
Accounting policies
Company information

SGD Broadcast Media Limited is a private company limited by shares incorporated in England and Wales. The registered office is 88 Hill Village Road, Sutton Coldfield, West Midlands, United Kingdom, B75 5BE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
5% on cost
Fixtures and fittings
25% on reducing balance
Computers
33% on cost
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

SGD BROADCAST MEDIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.5
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
3
3
Dividends
2024
2023
£
£
Interim paid
118,500
83,000
SGD BROADCAST MEDIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 5 -
4
Tangible fixed assets
Freehold land and buildings
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 October 2023
20,017
304
53,247
-
0
73,568
Additions
-
0
-
0
5,082
51,790
56,872
At 30 September 2024
20,017
304
58,329
51,790
130,440
Depreciation and impairment
At 1 October 2023
2,419
298
49,337
-
0
52,054
Depreciation charged in the year
1,001
1
3,010
8,632
12,644
At 30 September 2024
3,420
299
52,347
8,632
64,698
Carrying amount
At 30 September 2024
16,597
5
5,982
43,158
65,742
At 30 September 2023
17,598
6
3,910
-
0
21,514
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
51,285
67,919
6
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
11,586
15,989
Other taxation and social security
15,569
18,747
Other creditors
2,358
3,472
29,513
38,208
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
2024-09-302023-10-01falsefalsefalse17 March 2025CCH SoftwareCCH Accounts Production 2024.310No description of principal activityMr S G DeemingMrs N J Deeming052245222023-10-012024-09-3005224522bus:Director12023-10-012024-09-3005224522bus:Director22023-10-012024-09-3005224522bus:RegisteredOffice2023-10-012024-09-30052245222024-09-30052245222023-09-3005224522core:LandBuildingscore:OwnedOrFreeholdAssets2024-09-3005224522core:FurnitureFittings2024-09-3005224522core:ComputerEquipment2024-09-3005224522core:MotorVehicles2024-09-3005224522core:LandBuildingscore:OwnedOrFreeholdAssets2023-09-3005224522core:FurnitureFittings2023-09-3005224522core:ComputerEquipment2023-09-3005224522core:MotorVehicles2023-09-3005224522core:CurrentFinancialInstrumentscore:WithinOneYear2024-09-3005224522core:CurrentFinancialInstrumentscore:WithinOneYear2023-09-3005224522core:CurrentFinancialInstruments2024-09-3005224522core:CurrentFinancialInstruments2023-09-3005224522core:ShareCapital2024-09-3005224522core:ShareCapital2023-09-3005224522core:RetainedEarningsAccumulatedLosses2024-09-3005224522core:RetainedEarningsAccumulatedLosses2023-09-3005224522core:LandBuildingscore:OwnedOrFreeholdAssets2023-10-012024-09-3005224522core:FurnitureFittings2023-10-012024-09-3005224522core:ComputerEquipment2023-10-012024-09-3005224522core:MotorVehicles2023-10-012024-09-30052245222022-10-012023-09-3005224522core:LandBuildingscore:OwnedOrFreeholdAssets2023-09-3005224522core:FurnitureFittings2023-09-3005224522core:ComputerEquipment2023-09-3005224522core:MotorVehicles2023-09-30052245222023-09-3005224522bus:PrivateLimitedCompanyLtd2023-10-012024-09-3005224522bus:SmallCompaniesRegimeForAccounts2023-10-012024-09-3005224522bus:FRS1022023-10-012024-09-3005224522bus:AuditExemptWithAccountantsReport2023-10-012024-09-3005224522bus:FullAccounts2023-10-012024-09-30xbrli:purexbrli:sharesiso4217:GBP