Registration number: 05084552

Webcast IT Ltd

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 8

Webcast IT Ltd

(Registration number: 05084552)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	228,661	263,372
Current assets
Debtors	5	87,372	107,559
Cash at bank and in hand		84,391	53,253
		171,763	160,812
Creditors: Amounts falling due within one year	6	(119,121)	(122,838)
Net current assets		52,642	37,974
Total assets less current liabilities		281,303	301,346
Creditors: Amounts falling due after more than one year	6	(12,755)	(9,512)
Provisions for liabilities		(57,165)	(65,842)
Net assets		211,383	225,992
Capital and reserves
Called up share capital		100	100
Retained earnings		211,283	225,892
Shareholders' funds		211,383	225,992

Webcast IT Ltd

(Registration number: 05084552)
Balance Sheet as at 31 March 2025

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 December 2025
 

Mr ND McLachlan Director

Webcast IT Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 2 Kingfisher Park
Collingwood Road
West Moors
Wimborne
Dorset
BH21 6US

These financial statements were authorised for issue by the director on 19 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the company, and rounded to the nearest £.

Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale or hire of goods to the broadcast industry. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Webcast IT Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets is reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the Balance Sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures, fittings and equipment	25% reducing balance
Office equipment	25% reducing balance
Motor vehicles	25% reducing balance

Debtors

Trade debtors are amounts due from customers for merchandise sold or hired in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Webcast IT Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

A dividend distribution to the company’s shareholder is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Webcast IT Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year was 1 (2024 - 2).

4	Tangible assets

	Fixtures, fittings and equipment £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	1,083,331	8,385	12,849	1,104,565
Additions	28,874	-	-	28,874
Disposals	(564,282)	(676)	-	(564,958)
At 31 March 2025	547,923	7,709	12,849	568,481
Depreciation
At 1 April 2024	822,470	6,836	11,887	841,193
Charge for the year	20,084	379	240	20,703
Eliminated on disposal	(521,433)	(643)	-	(522,076)
At 31 March 2025	321,121	6,572	12,127	339,820
Carrying amount
At 31 March 2025	226,802	1,137	722	228,661
At 31 March 2024	260,861	1,549	962	263,372

Webcast IT Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5

Debtors

	Note	2025 £	2024 £
Trade debtors		14,769	18,709
Amounts owed by related parties	8	70,808	79,131
Other debtors		1,795	6,781
Prepayments		-	2,938
		87,372	107,559

6

Creditors

Due within one year	Note	2025 £	2024 £
Loans and borrowings	7	21,057	50,233
Trade creditors		27,595	10,551
Social security and other taxes		54,174	34,386
Other creditors		13,295	21,668
Accruals		3,000	6,000
		119,121	122,838
Due after one year
Loans and borrowings	7	12,755	9,512

Creditors due within one year include net obligations under finance lease and hire purchase contracts which are secured of £21,057 (2024 - £50,233).

Creditors due in more than one year include net obligations under finance lease and hire purchase contracts which are secured of £12,755 (2024 - £9,512).

7	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	21,057	50,233

Non-current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	12,755	9,512

Webcast IT Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8	Related party transactions

Transactions with the director

2025	At 1 April 2024 £	Advances to director £	Repayments by director £	At 31 March 2025 £
Mr ND McLachlan
Transactions during the year	79,131	82,527	(90,850)	70,808

2024	At 1 April 2023 £	Advances to director £	Repayments by director £	At 31 March 2024 £
Mr ND McLachlan
Transactions during the year	104,592	91,974	(117,435)	79,131

During the year, the company continued to provide the director with a loan. This loan is interest free and repayable on demand.