IRIS Accounts Production v25.1.0.734 SC507772 Board of Directors Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5077722023-04-30SC5077722024-04-30SC5077722023-05-012024-04-30SC5077722022-04-30SC5077722022-05-012023-04-30SC5077722023-04-30SC507772ns15:Scotland2023-05-012024-04-30SC507772ns14:PoundSterling2023-05-012024-04-30SC507772ns10:Director12023-05-012024-04-30SC507772ns10:Director22023-05-012024-04-30SC507772ns10:PrivateLimitedCompanyLtd2023-05-012024-04-30SC507772ns10:SmallEntities2023-05-012024-04-30SC507772ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-30SC507772ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-30SC507772ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-30SC507772ns10:FullAccounts2023-05-012024-04-30SC507772ns10:Director32023-05-012024-04-30SC507772ns10:RegisteredOffice2023-05-012024-04-30SC507772ns5:CurrentFinancialInstruments2024-04-30SC507772ns5:CurrentFinancialInstruments2023-04-30SC507772ns5:ShareCapital2024-04-30SC507772ns5:ShareCapital2023-04-30SC507772ns5:RetainedEarningsAccumulatedLosses2024-04-30SC507772ns5:RetainedEarningsAccumulatedLosses2023-04-30SC507772ns5:PlantMachinery2023-05-012024-04-30SC507772ns5:PlantMachinery2023-04-30SC507772ns5:PlantMachinery2024-04-30SC507772ns5:PlantMachinery2023-04-30SC507772ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-30SC507772ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-30
REGISTERED NUMBER: SC507772 (Scotland)













Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Go Radio Ltd

Go Radio Ltd (Registered number: SC507772)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Go Radio Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Lord Haughey Kt OBE
P Cooney
Ms R McHaghney





REGISTERED OFFICE: 97 Pollokshaws Road
Glasgow
G41 1PU





REGISTERED NUMBER: SC507772 (Scotland)





ACCOUNTANTS: Gerber Landa & Gee
Chartered Accountants
Pavilion 1
Finnieston Business Park
Minerva Way
GLASGOW
G3 8AU

Go Radio Ltd (Registered number: SC507772)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 44,294 111,307

CURRENT ASSETS
Debtors 5 77,442 303,705
Cash at bank 84,069 60,159
161,511 363,864
CREDITORS
Amounts falling due within one year 6 6,242,775 5,481,372
NET CURRENT LIABILITIES (6,081,264 ) (5,117,508 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,036,970

)

(5,006,201

)

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings (6,086,970 ) (5,056,201 )
SHAREHOLDERS' FUNDS (6,036,970 ) (5,006,201 )

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

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

Go Radio Ltd (Registered number: SC507772)

Balance Sheet - continued
30 April 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 23 April 2025 and were signed on its behalf by:




P Cooney - Director



Ms R McHaghney - Director


Go Radio Ltd (Registered number: SC507772)

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

1. STATUTORY INFORMATION

Go Radio Ltd is a private company, limited by shares , registered in Scotland. 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. 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.

The financial statements have been prepared on the basis that the company will continue to trade for the foreseeable future. At 30 April 2024, the company's liabilities exceeded its assets by £6,036,970

The company is dependant upon the continued support of its creditors and directors. The directors are confident that this support will be maintained for the foreseeable future. Should this support be withdrawn and the company be unable to continue trading, adjustments would have to be made to reduce the balance sheet values of assets to their recoverable amounts, and to reclassify fixed assets and long term liabilities as current assets and liabilities.

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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 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.

Go Radio Ltd (Registered number: SC507772)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 426,653
Additions 2,055
At 30 April 2024 428,708
DEPRECIATION
At 1 May 2023 315,346
Charge for year 69,068
At 30 April 2024 384,414
NET BOOK VALUE
At 30 April 2024 44,294
At 30 April 2023 111,307

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 75,887 268,385
VAT - 18,440
Prepayments and other debtors 1,555 16,880
77,442 303,705

Go Radio Ltd (Registered number: SC507772)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 72,002 140,835
Social security and other taxes 58,143 25,512
VAT 4,397 -
Other loans 5,338,335 4,408,335
Directors' current accounts 748,644 748,644
Accrued expenses 21,254 158,046
6,242,775 5,481,372

7. RELATED PARTY DISCLOSURES

A balance of £748,644 (2023:£748,644) is owed to Lord Haughey Kt OBE at the year end date.
This loan carries no interest and has no fixed repayment terms.

A balance of £5,338,335 (2023:£4,408,335) is owed to K Haughey at the year end date.
This loan carries no interest and has no fixed repayment terms.