Push4 Audio Visual Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 06535813 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2022

for

Push4 Audio Visual Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M S Wordley

A G Wilson

P Janczur

REGISTERED OFFICE:

c/o Orchard

Trade Street

Cardiff

South Glamorgan

CF10 5DT

REGISTERED NUMBER:

06535813 (England and Wales)

ACCOUNTANTS:

Macey Owen Limited

5, Willow Walk

Cowbridge

Vale of Glamorgan

CF71 7EE

FIXED ASSETS

Tangible assets

4

405,530

-

CURRENT ASSETS

Debtors

20,514

299,483

Cash at bank

30,714

257,192

51,228

556,675

CREDITORS

Amounts falling due within one year

(60,308

)

(135,590

)

NET CURRENT (LIABILITIES)/ASSETS

(9,080

)

421,085

TOTAL ASSETS LESS CURRENT LIABILITIES

396,450

421,085

PROVISIONS FOR LIABILITIES

-

(14,623

)

NET ASSETS

396,450

406,462

CAPITAL AND RESERVES

Called up share capital

25,000

25,000

Retained earnings

371,450

381,462

SHAREHOLDERS' FUNDS

396,450

406,462

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 September 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 23 June 2023 and were signed on its behalf by:

A G Wilson - Director

1.	STATUTORY INFORMATION

Push4 Audio Visual 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.

The financial statements have been prepared on a going concern basis. The directors have considered the assets and liabilities of the company and are of the opinion that the company will continue to meet its liabilities as they fall due, with the financial support of the shareholders.

Turnover

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

Tangible fixed assets

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

Land and buildings

-

2% on cost

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value fo the future cash flows and subsequently at amortised cost using the effective interest method.

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an outright short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cashflows discounted at a market rate of interest for similar debt instruments and subsequently at amortised cost, unless it qualifies as a loan from a direct in the case of a small company, or a public benefit entity concessionary loan.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

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 NIL (2021 - NIL).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

Additions

409,625

Disposals

(4,095

)

At 30 September 2022

405,530

NET BOOK VALUE

At 30 September 2022

405,530

5.	SECURED DEBTS

The following secured debts are included within creditors:

30/9/22

30/9/21

£

£

Hire purchase contracts

-

12,600

Barclays Bank Plc have a fixed and floating charge over the property and undertaking of the company. The company charge includes cross guarantees with companies under common control.

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, the company charged The Orchard Media and Events Group Limited for the use of it's assets. These transactions were charged at market value

Mr A Wilson, Mr M Wordley, and Mr P Janczur are directors in both companies.

7.	RELATED PARTY DISCLOSURES

Included in creditors is an amount due to The Orchard Media and Events Group Limited totalling £57,618 (2021:nil). The directors of Push 4 AV Limited are directors of The Orchard Media and Events Group Limited.

Included in debtors is an amount due from The Orchard Media Properties Limited totalling £20,246 ((2020:£22,377) The directors of Push 4 AV Limited are directors of The Orchard Media Properties Limited

The company was owed £256,056 from Orchard Media & Event Group Limited last year for equipment purchased at market value. Both Orchard Media & Events Group Limited and Push 4 Audio Visual Limited have common shareholders.

8.	ULTIMATE CONTROLLING PARTY

At 30 September 2022, the ultimate controlling party is M Wordley, A Wilson, and P Janczur by virtue of shareholding.