Company Registration No. 08020638 (England and Wales)
Aquarian Broadcast Group Limited
Unaudited accounts
for the year ended 31 March 2022
Aquarian Broadcast Group Limited
Unaudited accounts
Contents
Aquarian Broadcast Group Limited
Company Information
for the year ended 31 March 2022
Directors
T F Tucker
D W Tucker
Company Number
08020638 (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
Aquarian Broadcast Group Limited
Statement of financial position
as at
31 March 2022
Tangible assets
867,280
465,329
Cash at bank and in hand
664
98,600
Creditors: amounts falling due within one year
(285,725)
94,384
Net current assets
161,195
332,483
Total assets less current liabilities
1,028,579
797,916
Creditors: amounts falling due after more than one year
(8,419)
(45,454)
Provisions for liabilities
Net assets
942,640
752,462
Called up share capital
105
105
Profit and loss account
942,535
752,357
Shareholders' funds
942,640
752,462
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
T F Tucker
Director
Company Registration No. 08020638
Aquarian Broadcast Group Limited
Notes to the Accounts
for the year ended 31 March 2022
Aquarian Broadcast Group Limited is a private company, limited by shares, registered in England and Wales, registration number 08020638. 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.
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.
The accounts are presented in £ sterling.
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
Investments in shares are included at fair value.
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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Aquarian Broadcast Group Limited
Notes to the Accounts
for the year ended 31 March 2022
Expenditure on research and development is written off in the year in which it is incurred.
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.
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Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At valuation
At cost
At 1 April 2021
425,000
147,157
572,157
Revaluations
408,000
-
408,000
At 31 March 2022
833,000
147,157
980,157
At 1 April 2021
-
106,828
106,828
Charge for the year
-
6,049
6,049
At 31 March 2022
-
112,877
112,877
At 31 March 2022
833,000
34,280
867,280
At 31 March 2021
425,000
40,329
465,329
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Investments
Subsidiary undertakings
Valuation at 1 April 2021
104
Valuation at 31 March 2022
104
Amounts falling due within one year
Amounts due from group undertakings etc.
260,325
66,352
Accrued income and prepayments
33,000
-
Other debtors
133,599
68,469
Aquarian Broadcast Group Limited
Notes to the Accounts
for the year ended 31 March 2022
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
34,130
29,316
Trade creditors
4,526
26,117
Amounts owed to group undertakings and other participating interests
242,667
-
Loans from directors
-
(151,457)
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Creditors: amounts falling due after more than one year
2022
2021
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
109,241
21,444
42,216
88,469
151,457
21,444
84,432
88,469
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Transactions with related parties
At the Balance Sheet date, the company owed Broadcast Warehouse Limited £242,666.78
At the Balance Sheet date, the company was owed by BW Broadcast Limited £260,325.33
During the year the company charged Broadcast Warehouse Limited and BW Broadcast Limited a sum of £33,000 net for a Management Fee.
At company year-end, loans equal to £42,216.00 were written off for each deceased director.
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Average number of employees
During the year the average number of employees was 0 (2021: 0).