Sovereign Radio Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03276705 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2014

for

Sovereign Radio Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A Moulds

K M Perkins

SECRETARY:

A Moulds

REGISTERED OFFICE:

14 St Mary's Walk

Hailsham

East Sussex

BN27 1AF

REGISTERED NUMBER:

03276705 (England and Wales)

ACCOUNTANTS:

Thatcher Hobbs Langridge LLP

303 Goring Road

Worthing

West Sussex

BN12 4NX

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

5,247

6,682

5,247

6,682

CURRENT ASSETS

Debtors

365,714

228,905

Cash at bank

4,003

1,152

369,717

230,057

CREDITORS

Amounts falling due within one year

123,365

41,045

NET CURRENT ASSETS

246,352

189,012

TOTAL ASSETS LESS CURRENT LIABILITIES

251,599

195,694

CAPITAL AND RESERVES

Called up share capital

4

2,300

2,300

Share premium

221,940

221,940

Profit and loss account

27,359

(28,546

)

SHAREHOLDERS' FUNDS

251,599

195,694

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 29 June 2015 and were signed on its behalf by:

A Moulds - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents the value of goods and services provided, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

and 30 September 2014

2,175

AMORTISATION

At 1 October 2013

and 30 September 2014

2,175

NET BOOK VALUE

At 30 September 2014

-

At 30 September 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

and 30 September 2014

244,615

DEPRECIATION

At 1 October 2013

237,933

Charge for year

1,435

At 30 September 2014

239,368

NET BOOK VALUE

At 30 September 2014

5,247

At 30 September 2013

6,682

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

230,000

Ordinary

1p

2,300

2,300