Company Registration No. 04720476 (England and Wales)
BW Broadcast Limited
Unaudited accounts
for the year ended 31 March 2022
BW Broadcast Limited
Unaudited accounts
Contents
BW Broadcast Limited
Company Information
for the year ended 31 March 2022
Directors
Mrs T Tucker
Mr E N Gratwick
Mr D Tucker
Company Number
04720476 (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
BW Broadcast Limited
Statement of financial position
as at
31 March 2022
Tangible assets
19,423
23,864
Inventories
127,189
418,062
Cash at bank and in hand
159,369
229,073
Creditors: amounts falling due within one year
(296,388)
(279,673)
Net current assets
288,908
602,975
Net assets
308,331
626,839
Called up share capital
100
100
Profit and loss account
308,231
626,739
Shareholders' funds
308,331
626,839
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 T Tucker
Director
Company Registration No. 04720476
BW Broadcast Limited
Notes to the Accounts
for the year ended 31 March 2022
BW Broadcast Limited is a private company, limited by shares, registered in England and Wales, registration number 04720476. 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
20% 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.
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
BW Broadcast Limited
Notes to the Accounts
for the year ended 31 March 2022
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2021
59,958
833
-
60,791
At 31 March 2022
59,958
833
332
61,123
At 1 April 2021
36,628
299
-
36,927
Charge for the year
4,666
107
-
4,773
At 31 March 2022
41,294
406
-
41,700
At 31 March 2022
18,664
427
332
19,423
At 31 March 2021
23,330
534
-
23,864
Finished goods
127,189
418,062
During the year an estimated £254,097.33 of stock was stolen, this amount has been written off and included in the P&L (Direct Cots).
Amounts falling due within one year
Trade debtors
50,969
225,941
Amounts due from group undertakings etc.
158,446
-
Other debtors
38,191
9,572
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
-
(24)
Trade creditors
3,993
12,270
Amounts owed to group undertakings and other participating interests
260,325
306,970
Taxes and social security
25,061
(66,039)
Other creditors
1,645
26,496
Loans from directors
364
-
BW Broadcast Limited
Notes to the Accounts
for the year ended 31 March 2022
8
Transactions with related parties
Aquarian Broadcast Group Ltd;
At the balance sheet date, the company owed £260,325.33 to Aquarian Broadcast Ltd.
Broadcast Warehouse Ltd;
Foreign Currency is Passed between the companies based on the timing, availability, and requirement of currency.
At the balance sheet date, the company was owed £158,446.07 by Broadcast Warehouse Ltd
During the year, salary and other costs were recharged by broadcast Warehouse Ltd. At the balance sheet date sum of these costs was payable to Broadcast Warehouse Ltd.
9
Average number of employees
During the year the average number of employees was 8 (2021: 26).