Middlesex Broadcasting Corporation Limit - Abbreviated accounts 16.3

REGISTERED NUMBER: 03221301

Abbreviated Accounts for the Year Ended 31 July 2016

for

Middlesex Broadcasting Corporation

Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Y K Joshi

SECRETARY:

Mr. H Sanghvi

REGISTERED OFFICE:

Unit 2 & 3

Stanley House

Orchard Close

Wembley

HA0 1HD

REGISTERED NUMBER:

03221301

CURRENT ASSETS

Debtors

472,048

Cash at bank

10,924

482,972

CREDITORS

Amounts falling due within one year

1,328,681

NET CURRENT LIABILITIES

(845,709

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(845,709

)

CAPITAL AND RESERVES

Called up share capital

4

166,670

Share premium

549,978

Retained earnings

(1,562,357

)

SHAREHOLDERS' FUNDS

(845,709

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 6 April 2017 and were signed by:

Y K Joshi - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

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

Deferred tax

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

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

and 31 July 2016

40,000

AMORTISATION

At 1 August 2015

and 31 July 2016

40,000

NET BOOK VALUE

At 31 July 2016

-

At 31 July 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

and 31 July 2016

103,077

DEPRECIATION

At 1 August 2015

and 31 July 2016

103,077

NET BOOK VALUE

At 31 July 2016

-

At 31 July 2015

-

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

166,670

Ordinary

£1

166,670