Company Registration No. 03732862 (England and Wales)
Broadcast Warehouse Limited
Unaudited accounts
for the year ended 31 March 2022
Broadcast Warehouse Limited
Unaudited accounts
Contents
Broadcast Warehouse Limited
Company Information
for the year ended 31 March 2022
Directors
Mrs Tina Tucker
Mr D Tucker
Company Number
03732862 (England and Wales)
Registered Office
27 IO CENTRE, CROYDON ROAD
BEDDINGTON
CROYDON
CR0 4WQ
ENGLAND
Accountants
Hybrid Premium LTD
110 Newbury Gardens
Stoneleigh
Epsom
Surrey
KT19 0PD
Broadcast Warehouse Limited
Statement of financial position
as at
31 March 2022
Tangible assets
4,096
4,819
Inventories
35,740
92,408
Cash at bank and in hand
100,405
160,513
Creditors: amounts falling due within one year
(175,155)
(268,736)
Net current assets
206,546
255,123
Net assets
210,642
259,942
Called up share capital
4
4
Profit and loss account
210,638
259,938
Shareholders' funds
210,642
259,942
For the year ending 31 March 2022 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2022 and were signed on its behalf by
Mrs Tina Tucker
Director
Company Registration No. 03732862
Broadcast Warehouse Limited
Notes to the Accounts
for the year ended 31 March 2022
Broadcast Warehouse Limited is a private company, limited by shares, registered in England and Wales, registration number 03732862. The registered office is 27 IO CENTRE, CROYDON ROAD, BEDDINGTON, CROYDON, CR0 4WQ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Investments in shares are included at fair value.
Broadcast Warehouse Limited
Notes to the Accounts
for the year ended 31 March 2022
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
Finished goods
35,740
92,408
During the year an estimated £36,359 of stock was stolen, this amount has been included in the P&L (Direct Cots).
Amounts falling due within one year
Amounts due from group undertakings etc.
242,667
270,938
7
Creditors: amounts falling due within one year
2022
2021
Trade creditors
6,406
231,471
Amounts owed to group undertakings and other participating interests
158,446
30,320
Taxes and social security
-
(4,310)
Broadcast Warehouse Limited
Notes to the Accounts
for the year ended 31 March 2022
8
Transactions with related parties
Aquarian Broadcast Group Limited:
At the balance sheet date, the company was owed £242,666.78 by Aquarian Broadcast Group Limited.
BW Broadcast Limited:
Foreign currency is passed between the companies based on the timing, availability and
requirement for the currency.
At the balance sheet date, the company owed £158,443.07 to BW Broadcast Ltd.
9
Average number of employees
During the year the average number of employees was 0 (2021: 0).