Registered Number 04832654
WORLD TELEVISION (SWITZERLAND) LIMITED
Abbreviated Accounts
31 December 2014
Notes | 31/12/2014 | 30/06/2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Debtors |
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Cash at bank and in hand |
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Prepayments and accrued income |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
( |
( |
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Total assets less current liabilities |
( |
( |
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Accruals and deferred income |
( |
( |
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Total net assets (liabilities) |
( |
( |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
( |
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Shareholders' funds |
( |
( |
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Change of financial year end
The financial year end of the Company was changed from 30 June to 31 December.
Accordingly, the comparative figures for the profit and loss, balance sheet and the related notes are for twelve months from 1 July 2013 to 30 June 2014.
Turnover policy
Tangible assets depreciation policy
Computer and networking equipment - 2 - 3 years
Office equipment - 3 - 4 years
Other accounting policies
The company is supported by its parent company, WTV SA. The directors consider that WTV SA has sufficient funds to continue funding the company's business. On this basis the directors believe the going concern basis is appropriate, as they believe that WTV SA will make sufficient funds available to the company.
Foreign exchange differences
Transactions in overseas exchange currencies are translated at the exchange rate ruling at the date on the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the exchange rates ruling at the balance sheet date or a contracted rate if applicable and any exchange differences arising are taken to the profit and loss account.
The functional currency of the company is swiss francs and the presentational currency is sterling. The results of company are translated into sterling at the average rates of exchange during the period. The balance sheet is translated into sterling at the rate of exchange ruling on the balance sheet date. Exchange differences arising on the translation of opening shareholders’ funds and the profit and loss movement for the period are recorded as a movement on reserves.
Pension costs
Contributions to the company's defined contribution pension scheme are charged to the profit and loss account in the period in which they become payable.
£ | |
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Cost | |
At 1 July 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 December 2014 |
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Depreciation | |
At 1 July 2014 |
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Charge for the year |
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On disposals |
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At 31 December 2014 |
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Net book values | |
At 31 December 2014 | 22,000 |
At 30 June 2014 | 31,000 |