Registered number
03989811
ADVANCED BROADCAST SERVICES LIMITED
Filleted Accounts
31 October 2024
ADVANCED BROADCAST SERVICES LIMITED
Registered number: 03989811
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,083,827 3,459,399
Current assets
Debtors 4 1,249,812 1,601,466
Cash at bank and in hand 64,423 603,137
1,314,235 2,204,603
Creditors: amounts falling due within one year 5 (890,875) (1,538,312)
Net current assets 423,360 666,291
Total assets less current liabilities 3,507,187 4,125,690
Creditors: amounts falling due after more than one year 6 (828,867) (832,951)
Provisions for liabilities (469,101) (506,619)
Net assets 2,209,219 2,786,120
Capital and reserves
Called up share capital 17,100 17,100
Share premium 1,186,646 1,186,646
Revaluation reserve 7 250 250
Profit and loss account 1,005,223 1,582,124
Shareholders' funds 2,209,219 2,786,120
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Sass Jahani
Director
Approved by the board on 15 July 2025
ADVANCED BROADCAST SERVICES LIMITED
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Property 25% reducing balance
Plant and machinery 10% reducing balance
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 22 22
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 November 2023 713,044 8,885,702 9,598,746
Additions - 43,305 43,305
At 31 October 2024 713,044 8,929,007 9,642,051
Depreciation
At 1 November 2023 255,664 5,883,683 6,139,347
Charge for the year 114,345 304,532 418,877
At 31 October 2024 370,009 6,188,215 6,558,224
Net book value
At 31 October 2024 343,035 2,740,792 3,083,827
At 31 October 2023 457,380 3,002,019 3,459,399
4 Debtors 2024 2023
£ £
Trade debtors 459,955 393,638
Prepayments and Accrued Income 296,775 84,746
Other debtors 493,082 1,123,082
1,249,812 1,601,466
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 747,384 1,394,167
Taxation and social security costs 50,761 51,415
Other creditors 92,730 92,730
890,875 1,538,312
6 Creditors: amounts falling due after one year 2024 2023
£ £
Trade creditors 828,867 832,951
7 Revaluation reserve 2024 2023
£ £
At 1 November 2023 250 250
At 31 October 2024 250 250
8 Other information
ADVANCED BROADCAST SERVICES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
11 Park Royal Metro Centre
Britannia Way
London
NW10 7PA
ADVANCED BROADCAST SERVICES LIMITED 03989811 false 2023-11-01 2024-10-31 2024-10-31 VT Final Accounts April 2025 Sass Jahani No description of principal activity 03989811 2022-11-01 2023-10-31 03989811 core:WithinOneYear 2023-10-31 03989811 core:AfterOneYear 2023-10-31 03989811 core:ShareCapital 2023-10-31 03989811 core:SharePremium 2023-10-31 03989811 core:OtherReservesSubtotal 2023-10-31 03989811 core:RetainedEarningsAccumulatedLosses 2023-10-31 03989811 core:RevaluationReserve 2022-10-31 03989811 2023-11-01 2024-10-31 03989811 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 03989811 bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 03989811 bus:Director40 2023-11-01 2024-10-31 03989811 core:LandBuildings 2023-11-01 2024-10-31 03989811 core:PlantMachinery 2023-11-01 2024-10-31 03989811 countries:England 2023-11-01 2024-10-31 03989811 bus:FRS102 2023-11-01 2024-10-31 03989811 bus:FilletedAccounts 2023-11-01 2024-10-31 03989811 2024-10-31 03989811 core:WithinOneYear 2024-10-31 03989811 core:AfterOneYear 2024-10-31 03989811 core:ShareCapital 2024-10-31 03989811 core:SharePremium 2024-10-31 03989811 core:OtherReservesSubtotal 2024-10-31 03989811 core:RetainedEarningsAccumulatedLosses 2024-10-31 03989811 core:LandBuildings 2024-10-31 03989811 core:PlantMachinery 2024-10-31 03989811 core:RevaluationReserve 2024-10-31 03989811 2023-10-31 03989811 core:LandBuildings 2023-10-31 03989811 core:PlantMachinery 2023-10-31 03989811 core:RevaluationReserve 2023-10-31 iso4217:GBP xbrli:pure