Radio Ceredigion Limited Filleted accounts for Companies House (small and micro)
Radio Ceredigion Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
7177517
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Financial Statements |
Year ended 31 December 2019
Contents |
Pages |
Statement of financial position |
1 |
Notes to the financial statements |
2 to 5 |
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Statement of Financial Position |
2019 |
2018 |
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Note |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Debtors |
6 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
7 |
(
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(
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Net current liabilities |
(
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(
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Total assets less current liabilities |
(
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(
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Provisions
Taxation including deferred tax |
8 |
(
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(
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Net liabilities |
(
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(
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Capital and reserves
Called up share capital |
10 |
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Profit and loss account |
(
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(
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Shareholders deficit |
(
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(
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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These financial statements were approved by the
board of directors
and authorised for issue on
13 August 2020
, and are signed on behalf of the board by:
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Director |
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Company registration number:
7177517
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Notes to the Financial Statements |
Year ended 31 December 2019
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is St Hilary Transmitter, St Hilary, Cowbridge, Vale of Glamorgan, CF71 7DP, Wales.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Going concern
Judgements and key sources of estimation uncertainty
Revenue recognition
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer & Comms Equipment |
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25% reducing balance |
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Impairment of fixed assets
Provisions
Financial instruments
4.
Tax on loss
Major components of tax income
2019 |
2018 |
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£ |
£ |
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Deferred tax:
Origination and reversal of timing differences |
(
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(
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Tax on loss |
(
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(
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5.
Tangible assets
Computer & Comms Equipment |
Total |
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£ |
£ |
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Cost |
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At 1 January 2019 and 31 December 2019 |
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------- |
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Depreciation |
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At 1 January 2019 |
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Charge for the year |
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------- |
------- |
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At 31 December 2019 |
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------- |
------- |
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Carrying amount |
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At 31 December 2019 |
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------- |
------- |
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At 31 December 2018 |
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------- |
------- |
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6.
Debtors
2019 |
2018 |
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£ |
£ |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Other debtors |
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7.
Creditors:
amounts falling due within one year
2019 |
2018 |
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£ |
£ |
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Trade creditors |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Other creditors |
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8.
Provisions
Deferred tax (note 9) |
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£ |
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At 1 January 2019 |
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Charge against provision |
(
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At 31 December 2019 |
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9.
Deferred tax
The deferred tax included in the statement of financial position is as follows:
2019 |
2018 |
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£ |
£ |
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Included in provisions (note 8) |
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The deferred tax account consists of the tax effect of timing differences in respect of:
2019 |
2018 |
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£ |
£ |
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Accelerated capital allowances |
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10.
Called up share capital
Issued, called up and fully paid
2019 |
2018 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
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11.
Contingencies
Contingent liabilities as at the balance sheet date were as follows: a) The Company is a member of a group for VAT purposes, resulting in a joint and several liability for amounts owing by other group companies for unpaid VAT.
12.
Related party transactions
During the year the company was under the control of Nation Broadcasting Limited a company of which
J.S. Bryant
is executive chairman and majority shareholder. During the year the company traded at an arms length basis with other subsidiaries of Nation Broadcasting Limited. The company has claimed the exemption under FRS 102 Section 33 not to disclose the value of intergroup transactions with other wholly owned subsidiaries.
13.
Controlling party
The company is a 100% subsidiary of Nation Broadcasting Limited, a company registered in England and Wales. Group accounts are not prepared because the group is small and is not an ineligible group as defined in Section 384 of the Companies Act 2006.