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REGISTERED NUMBER: 06669235 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Videosys Broadcast Limited

Videosys Broadcast Limited (Registered number: 06669235)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Videosys Broadcast Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: C D Tomlin
Mrs S L Tomlin





SECRETARY: Mrs S L Tomlin





REGISTERED OFFICE: The Stables
Summer Road
Washam-Le-Willows
Suffolk
IP31 3AJ





REGISTERED NUMBER: 06669235 (England and Wales)





ACCOUNTANTS: Mead Accounting Limited
Chartered Certified Accountants
The Stables
Summer Road
Walsham Le Willows
Suffolk
IP31 3AJ

Videosys Broadcast Limited (Registered number: 06669235)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 40,000 60,000
Tangible assets 6 152,584 156,789
192,584 216,789

CURRENT ASSETS
Stocks 150,172 92,955
Debtors 7 587,856 561,483
Cash at bank and in hand 273,030 283,808
1,011,058 938,246
CREDITORS
Amounts falling due within one year 8 287,105 205,947
NET CURRENT ASSETS 723,953 732,299
TOTAL ASSETS LESS CURRENT LIABILITIES 916,537 949,088

CREDITORS
Amounts falling due after more than one
year

9

(21,007

)

(11,598

)

PROVISIONS FOR LIABILITIES 12 (7,730 ) (27,798 )
NET ASSETS 887,800 909,692

CAPITAL AND RESERVES
Called up share capital 13 10 10
Retained earnings 887,790 909,682
SHAREHOLDERS' FUNDS 887,800 909,692

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Videosys Broadcast Limited (Registered number: 06669235)

Balance Sheet - continued
30 September 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 26 March 2025 and were signed on its behalf by:





C D Tomlin - Director


Videosys Broadcast Limited (Registered number: 06669235)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Videosys Broadcast Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:-
- the company has transferred the significant risks and rewards of ownership to the buyer
- the company retains neither continuing managerial involvement nor effective control over the goods sold
- the amount of revenue can be measured reliably
- it is probable that the company will receive consideration due
- the costs incurred or to be incurred in respect of the transaction can be measured reliably

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intellectual property are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Plant & machinery - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Impairment
At each reporting date, goodwill and other fixed assets, including tangible fixed assets and investments (but excluding investment properties), are assessed to determine whether there is an indication that those assets have suffered an impairment loss. If any indication arises, the recoverable amount is estimated and compared to its carrying amount to determine if an impairment loss has arisen.
If the recoverable amount is lower, the carrying amount of the asset is written down to its recoverable amount and an impairment loss is recognised in profit and loss.
Recoverable amount of the asset is the higher of its value in use and its net realisable value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Videosys Broadcast Limited (Registered number: 06669235)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, and loans from financial institutions or other related parties.

Debts instruments like loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, ,are measured initially and subsequently at the undiscounted amount of the cash or other consideration, expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially and subsequently at the present value of the future payment discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between as asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Videosys Broadcast Limited (Registered number: 06669235)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. ACCOUNTING POLICIES - continued

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 16 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2023
and 30 September 2024 100,000
AMORTISATION
At 1 October 2023 40,000
Charge for year 20,000
At 30 September 2024 60,000
NET BOOK VALUE
At 30 September 2024 40,000
At 30 September 2023 60,000

Videosys Broadcast Limited (Registered number: 06669235)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 393,712
Additions 54,175
Disposals (35,118 )
At 30 September 2024 412,769
DEPRECIATION
At 1 October 2023 236,923
Charge for year 32,773
Eliminated on disposal (9,511 )
At 30 September 2024 260,185
NET BOOK VALUE
At 30 September 2024 152,584
At 30 September 2023 156,789

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2023 39,596
Additions 35,950
At 30 September 2024 75,546
DEPRECIATION
At 1 October 2023 11,549
Charge for year 15,890
At 30 September 2024 27,439
NET BOOK VALUE
At 30 September 2024 48,107
At 30 September 2023 28,047

Videosys Broadcast Limited (Registered number: 06669235)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 420,019 459,387
Amounts recoverable on
contracts 77,026 13,575
Other debtors 90,811 88,521
587,856 561,483

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts (see note 10) 11,598 12,652
Trade creditors 230,938 107,704
Taxation and social security 12,890 23,209
Other creditors 31,679 62,382
287,105 205,947

Included within other creditors are amounts owed to the directors amounting to £7,434 (2023 - £20,272).

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts (see note 10) 21,007 11,598

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.9.24 30.9.23
£    £   
Net obligations repayable:
Within one year 11,598 12,652
Between one and five years 21,007 11,598
32,605 24,250

Non-cancellable operating leases
30.9.24 30.9.23
£    £   
Between one and five years 115,000 165,000

Videosys Broadcast Limited (Registered number: 06669235)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

11. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Hire purchase contracts 32,605 24,250

The hire purchase contracts are secured over the assets purchased.

12. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax
Tax losses carried forward (16,431 ) -
Accelerated capital allowances 24,161 27,798
7,730 27,798

Deferred
tax
£   
Balance at 1 October 2023 27,798
Credit to Income Statement during year (20,068 )
Balance at 30 September 2024 7,730

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
10 Ordinary £1 10 10