Abbreviated Company Accounts - BROADCAST MEDIA SERVICES LIMITED

Abbreviated Company Accounts - BROADCAST MEDIA SERVICES LIMITED

BROADCAST MEDIA SERVICES LIMITED - Company Information

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Registered Number 03946386

BROADCAST MEDIA SERVICES LIMITED

Abbreviated Accounts

30 November 2013

BROADCAST MEDIA SERVICES LIMITED Registered Number 03946386

Abbreviated Balance Sheet as at 30 November 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 32,337 23,951
32,337 23,951
Current assets
Stocks 104,650 103,100
Debtors 181,592 176,461
Cash at bank and in hand 100,210 228,158
386,452 507,719
Creditors: amounts falling due within one year (176,601) (243,566)
Net current assets (liabilities) 209,851 264,153
Total assets less current liabilities 242,188 288,104
Total net assets (liabilities) 242,188 288,104
Capital and reserves
Called up share capital 211 211
Profit and loss account 241,977 287,893
Shareholders' funds 242,188 288,104
  • For the year ending 30 November 2013 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 27 August 2014

And signed on their behalf by:
M Ellis, Director

BROADCAST MEDIA SERVICES LIMITED Registered Number 03946386

Notes to the Abbreviated Accounts for the period ended 30 November 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its
estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Valuation information and policy
Work in progress is valued at the lower of cost and net realisable value.
Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Other accounting policies
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

2Tangible fixed assets
£
Cost
At 1 December 2012 125,867
Additions 19,987
Disposals (1,850)
Revaluations -
Transfers -
At 30 November 2013 144,004
Depreciation
At 1 December 2012 101,916
Charge for the year 10,214
On disposals (463)
At 30 November 2013 111,667
Net book values
At 30 November 2013 32,337
At 30 November 2012 23,951