Accounts filed on 30-09-2015

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			Company registration number:04234680
		PBG BROADCASTING LIMITED
			ABBREVIATED FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 30 September 2015

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PBG BROADCASTING LIMITED
BALANCE SHEET
AS AT 30 September 2015
			2015				2014
		Notes	£		£		£		£
FIXED ASSETS
Tangible assets		2			193,508				253,038
					193,508				253,038
CURRENT ASSETS
Debtors			92,166				86,209
Cash at bank and in hand			129,184				207,448
			221,350				293,657
CREDITORS
Amounts falling due within one year			(160,763)				(174,068)
NET CURRENT ASSETS					60,587				119,589
TOTAL ASSETS LESS
CURRENT LIABILITIES					254,095				372,627
Creditors falling due after one year					(14,331)				(47,155)
PROVISIONS FOR LIABILITIES					(26,053)				(35,183)
NET ASSETS					213,711				290,289
CAPITAL AND RESERVES
Called-up equity share capital		4			100				100
Profit and loss account					213,611				290,189
SHAREHOLDERS FUNDS					213,711				290,289
For the year ending 30 September 2015 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 the accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
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P F Baker
19 April 2016
The annexed notes form part of these financial statements.

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PBG BROADCASTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

1.

Accounting policies

Basis of preparing the financial statements

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

Turnover represents income receivable for goods and services provided in the period, exclusive of Value Added Tax and trade discounts.

Foreign currency

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Fixed assets

Depreciation has been computed to write off the cost of fixed assets over their expected useful lives at the following rates:-

Plant and Machinery 25% per annum reducing balance

Office equipment 25% per annum reducing balance

Leasing

Leasing rentals payable on agreements which transfer substantially all the risk and rewards associated with ownership of the lessee ("finance leases") are capitalised within fixed assets, and the obligation to pay future rentals included in creditors as a liability. The interest charges implicit in such a lease are written off to the profit and loss account in proportion to the balance outstanding during the year. All other leasing rentals ("operating leases") are written off to the profit and loss account over the life of the lease.

Deferred taxation

Deferred tax assets and liabilities arise from timing differences between the recognition of gains and losses in the financial statements and their recognition in a tax computation. Full provision is made for all liabilities, and provision is made for assets to the extent that they are considered more likely than not to be recoverable in the foreseeable future. Provision is made using tax rates that are expected to apply in the periods in which the timing differences are expected to reverse, based upon rates enacted at the balance sheet date.

Pension scheme

The company operates a defined contribution pension scheme for the benefit of its employees and a money purchase scheme for the directors. The costs of contributions are charged against the profits in the period they are payable.

2.	Tangible fixed assets
				Total
	Cost
	At start of period			1,072,959
	Additions			4,972
	At end of period			1,077,931
	Depreciation
	At start of period			819,921
	Provided during the period			64,502
	At end of period			884,423
	Net Book Value
	At start of period			253,038
	At end of period			193,508

3.

Creditors

Of the creditors due within one year £ 32,370 (2014 £39,380) is secured

Of the creditors due after more than one year £ 14,331 (2014 £47,155) is secured.

4.	Share capital				Allotted, issued and fully paid
					2015	2014
					£	£
	Ordinary shares of £1 each				100	100
	Total issued share capital				100	100
5.	Ultimate controlling party
	There is no single ultimate controlling party.