MABC Limited - Abbreviated accounts 16.1
MABC Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 30 September 2015 |
| for |
| Mansfield & Ashfield Broadcasting |
| Company Limited |
| Mansfield & Ashfield Broadcasting |
| Company Limited (Registered number: 03413288) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 30 September 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Mansfield & Ashfield Broadcasting |
| Company Limited |
| Company Information |
| for the Year Ended 30 September 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Mansfield & Ashfield Broadcasting |
| Company Limited (Registered number: 03413288) |
| Abbreviated Balance Sheet |
| 30 September 2015 |
| 30.9.15 | 30.9.14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors | 3 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| 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. |
| Mansfield & Ashfield Broadcasting |
| Company Limited (Registered number: 03413288) |
| Abbreviated Balance Sheet - continued |
| 30 September 2015 |
| The financial statements were approved by the Board of Directors on signed on its behalf by: |
| Mansfield & Ashfield Broadcasting |
| Company Limited (Registered number: 03413288) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 30 September 2015 |
| 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 net invoiced sales of goods, excluding value added tax. |
| Tangible fixed assets |
| Equipment,fixture & fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not |
| reversed at the balance sheet date. |
| Restatement of prior year figures |
| The figures for 2011 and prior years have been restated to reflect the under-recording of |
| commission paid. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 October 2014 |
| Additions |
| At 30 September 2015 |
| DEPRECIATION |
| At 1 October 2014 |
| Charge for year |
| At 30 September 2015 |
| NET BOOK VALUE |
| At 30 September 2015 |
| At 30 September 2014 |
| 3. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| The aggregate total of debtors falling due after more than one year is £ |
| Mansfield & Ashfield Broadcasting |
| Company Limited (Registered number: 03413288) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 September 2015 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.9.15 | 30.9.14 |
| value: | £ | £ |
| Ordinary share | £1 |
| Loan Capital | £1 |
| 424,000 | 424,000 |
| The 10% unsecured loan stock 2006 issued in 1998 carried a shareholding qualification; for |
| every 4 Ordinary Shares held (nominal value £4) the shareholder was required to own 3 |
| units of loan stock (nominal value £3). Only shareholders of the company could hold the loan |
| stock, which had to be sold with the sale of any qualifying shareholding. During 2009 the |
| Shareholders agreed to alter the terms of the original loan stock instrument. By these |
| alterations the loan stock interest coupon rate was altered to 0%. Also the Shareholders' |
| right of redemption was removed. The loan stock can only now be redeemed by the |
| company. Accordingly, the 10% unsecured loan stock 2006 has been redesignated Loan |
| Capital and disclosed as Shareholders' Funds in the accounts. |