Abbreviated Company Accounts - ANGLIAN BROADCASTING COMPANY (TRADING) LIMITED

ANGLIAN RADIO LIMITED - Company Information

04248330 ANGLIAN BROADCASTING COMPANY (TRADING) LIMITED 2015-09-30 false 2014-10-01 2015-09-30 true 04248330 2014-10-01 2015-09-30 04248330 2015-09-30 04248330 2014-09-30 04248330 uk-gaap-cd-bus:Director1 2014-10-01 2015-09-30 04248330 uk-gaap-cd-bus:Director2 2014-10-01 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-01 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-30 iso4217:GBP shares

Registered Number 04248330

ANGLIAN BROADCASTING COMPANY (TRADING) LIMITED

Abbreviated Accounts

30 September 2015

ANGLIAN BROADCASTING COMPANY (TRADING) LIMITED Registered Number 04248330

Abbreviated Balance Sheet as at 30 September 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	26,625	30,287
Investments	3	5	5
		26,630	30,292
Current assets
Debtors		2,603,401	2,390,324
Cash at bank and in hand		22,231	11,710
		2,625,632	2,402,034
Creditors: amounts falling due within one year		(671,439)	(435,523)
Net current assets (liabilities)		1,954,193	1,966,511
Total assets less current liabilities		1,980,823	1,996,803
Total net assets (liabilities)		1,980,823	1,996,803
Capital and reserves
Called up share capital	4	1	1
Profit and loss account		1,980,822	1,996,802
Shareholders' funds		1,980,823	1,996,803

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 accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 June 2016

And signed on their behalf by:
David Cocks, Director

ANGLIAN BROADCASTING COMPANY (TRADING) LIMITED Registered Number 04248330

Notes to the Abbreviated Accounts for the period ended 30 September 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Building Improvements - 12% straight line
Plant & Machinery - 20% - 33% straight line
Fixtures & fittings - 20% - 25% straight line

Other accounting policies
Investments

Investments held as fixed assets are shown at cost less provision for impairment.

Operating leases

Rentals under operating leases are charged to the Profit and loss account on a straight line basis over the lease term.

Deferred Tax

Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation.

A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse.

Deferred tax assets and liabilities are not discounted.

2Tangible fixed assets

	£
Cost
At 1 October 2014	243,927
Additions	5,637
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2015	249,564
Depreciation
At 1 October 2014	213,640
Charge for the year	9,299
On disposals	-
At 30 September 2015	222,939
Net book values
At 30 September 2015	26,625
At 30 September 2014	30,287

3Fixed assets Investments
The following were subsidiary undertakings of the company:
99.9 Radio Norwich Limited - 100% ordinary share holding
East Coast Radio (The Beach) Limited - 100% ordinary share holding
North Norfolk Radio Limited - 100% ordinary share holding
Town FM Limited - 100% ordinary share holding
Mellow 1557 Limited - 100% ordinary share holding

The aggregate of the share capital and reserves as at 30 September 2015 and of the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:

99.9 Radio Norwich Limited:
Aggregate of share capital and reserves - £(367,937)
Profit/(loss) - £496

East Coast Radio (The Beach) Limited:
Aggregate of share capital and reserves - £(604,769)
Profit/(loss) - £(19,843)

North Norfolk Radio Limited:
Aggregate of share capital and reserves - £(777,408)
Profit/(loss) - £(124,906)

Town FM Limited:
Aggregate of share capital and reserves - £(179,109)
Profit/(loss) - £(7,093)

Mellow 1557 Limited:
Aggregate of share capital and reserves - £(679,547)
Profit/(loss) - £(17,979)

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1 Ordinary shares of £1 each	1	1