Vedic Broadcasting Network (UK) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07343083 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

VEDIC BROADCASTING NETWORK (UK) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Ajay Arya

Sarwan Poddar

Ananta Bhargava Siddartha

REGISTERED OFFICE:

68a Neal Street

Covent Garden

London

WC2H 9PA

REGISTERED NUMBER:

07343083 (England and Wales)

ACCOUNTANTS:

Ashfords Partnership LLP

114 - 116 Goodmayes Road

Ilford

Essex

IG3 9UZ

FIXED ASSETS

Tangible assets

2

70,000

75,000

CURRENT ASSETS

Debtors

18,839

116,276

Prepayments and accrued income

43,535

41,900

Cash at bank and in hand

15,308

7,356

77,682

165,532

CREDITORS

Amounts falling due within one year

60,001

71,063

NET CURRENT ASSETS

17,681

94,469

TOTAL ASSETS LESS CURRENT LIABILITIES

87,681

169,469

CREDITORS

Amounts falling due after more than one year

-

51,000

NET ASSETS

87,681

118,469

CAPITAL AND RESERVES

Called up share capital

3

300,001

Profit and loss account

(212,320

)

(181,532

)

SHAREHOLDERS' FUNDS

87,681

118,469

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 25 August 2016 and were signed on its behalf by:

Ananta Bhargava Siddartha - Director

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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

SKY EPG Platform

-

5% on reducing balance

Deferred tax

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

date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

100,000

DEPRECIATION

At 1 April 2015

25,000

Charge for year

5,000

At 31 March 2016

30,000

NET BOOK VALUE

At 31 March 2016

70,000

At 31 March 2015

75,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

300,001

Ordinary

£1

300,001