MC Broadcast Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06933487 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2021

for

MC Broadcast Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Collins

SECRETARY:

Wilshers & Co

REGISTERED OFFICE:

10-11 Heathfield Terrace

London

W4 4JE

REGISTERED NUMBER:

06933487 (England and Wales)

ACCOUNTANTS:

WILSHERS DEJ

10-11 Heathfield Terrace

London

W4 4JE

FIXED ASSETS

Investments

4

167,453

167,453

CURRENT ASSETS

Debtors

5

320,628

315,163

Cash at bank and in hand

31,929

9,769

352,557

324,932

CREDITORS

Amounts falling due within one year

6

26,892

34,393

NET CURRENT ASSETS

325,665

290,539

TOTAL ASSETS LESS CURRENT LIABILITIES

493,118

457,992

CREDITORS

Amounts falling due after more than one year

7

377,593

367,999

NET ASSETS

115,525

89,993

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

115,524

89,992

SHAREHOLDERS' FUNDS

115,525

89,993

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 March 2022 and were signed by:

M Collins - Director

1.	STATUTORY INFORMATION

MC Broadcast Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 July 2020

and 30 June 2021

167,453

NET BOOK VALUE

At 30 June 2021

167,453

At 30 June 2020

167,453

5.

DEBTORS

2021

2020

£

£

Amounts falling due within one year:

Trade debtors

-

41,965

Amounts falling due after more than one year:

Amounts owed by group undertakings

320,628

273,198

Aggregate amounts

320,628

315,163

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

1,469

-

Taxation and social security

23,695

28,625

Other creditors

1,728

5,768

26,892

34,393

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Amounts owed to group undertakings

377,593

367,999