Abbreviated Company Accounts - BROADCAST MEDIA SERVICES LIMITED

Abbreviated Company Accounts - BROADCAST MEDIA SERVICES LIMITED

BROADCAST MEDIA SERVICES LIMITED - Company Information

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Registered Number 03946386

BROADCAST MEDIA SERVICES LIMITED

Abbreviated Accounts

30 November 2015

BROADCAST MEDIA SERVICES LIMITED Registered Number 03946386

Abbreviated Balance Sheet as at 30 November 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 35,590 30,297
35,590 30,297
Current assets
Stocks 106,824 105,700
Debtors 129,666 227,404
Cash at bank and in hand 190,877 81,846
427,367 414,950
Creditors: amounts falling due within one year (169,092) (174,081)
Net current assets (liabilities) 258,275 240,869
Total assets less current liabilities 293,865 271,166
Total net assets (liabilities) 293,865 271,166
Capital and reserves
Called up share capital 205 211
Profit and loss account 293,660 270,955
Shareholders' funds 293,865 271,166
  • For the year ending 30 November 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 15 August 2016

And signed on their behalf by:
M Ellis, Director

BROADCAST MEDIA SERVICES LIMITED Registered Number 03946386

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

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its
estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Valuation information and policy
Work in progress is valued at the lower of cost and net realisable value.
Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Other accounting policies
Deferred tax

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to the profit and loss account in the period to which they
relate.

2Tangible fixed assets
£
Cost
At 1 December 2014 151,589
Additions 16,778
Disposals -
Revaluations -
Transfers -
At 30 November 2015 168,367
Depreciation
At 1 December 2014 121,292
Charge for the year 11,485
On disposals -
At 30 November 2015 132,777
Net book values
At 30 November 2015 35,590
At 30 November 2014 30,297