JH Broadcast Services Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 09061489 (England and Wales)

JH BROADCAST SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

5

DIRECTOR:

Mr J Heap

REGISTERED OFFICE:

3 Downlands Road

Winchester

Hampshire

SO22 4ET

REGISTERED NUMBER:

09061489 (England and Wales)

ACCOUNTANTS:

Haines Watts (SEM) Limited

42 High Street

Flitwick

Bedfordshire

MK45 1DU

FIXED ASSETS

Tangible assets

4

475

633

CURRENT ASSETS

Debtors

5

13,122

16,556

Cash at bank

6,673

6,509

19,795

23,065

CREDITORS

Amounts falling due within one year

6

16,642

18,594

NET CURRENT ASSETS

3,153

4,471

TOTAL ASSETS LESS CURRENT LIABILITIES

3,628

5,104

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

8

3,627

5,103

SHAREHOLDERS' FUNDS

3,628

5,104

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 23 January 2018 and were signed by:

Mr J Heap - Director

1.	STATUTORY INFORMATION

JH Broadcast Services Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from that standard.

Transition to FRS 102

These financial statements for the year ended 31 May 2017 are the first financial statements that comply with

FRS 102 Section 1A small entities. The date of transition is 1 June 2015.

The transition to FRS 102 Section 1A small entities has resulted in a small number of changes in accounting

policies to those used previously, however there has been no material impact on the financial statements.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax for the year except for service

contract work where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

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

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 June 2016

and 31 May 2017

1,125

DEPRECIATION

At 1 June 2016

492

Charge for year

158

At 31 May 2017

650

NET BOOK VALUE

At 31 May 2017

475

At 31 May 2016

633

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

13,122

16,556

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

132

-

Tax

10,559

7,889

VAT

4,582

977

Directors' current accounts

499

8,886

Accrued expenses

870

842

16,642

18,594

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

1

Ordinary share

£1

1

1

8.

RESERVES

Retained

earnings

£

At 1 June 2016

5,103

Profit for the year

42,524

Dividends

(44,000

)

At 31 May 2017

3,627

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The directors current account was a credit balance at the year end of £499 (2016 - £8,886). No interest is

charged.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr J Heap.

11.	FIRST YEAR ADOPTION

The company has adopted FRS 102 for the first time in the year ended 31 May 2017.

The effect of the transition from the previous financial reporting framework to FRS 102 has been considered.

There has been no material impact in relation to the following:

- changes in accounting policies

- changes in shareholders funds

- comparative year profit or loss

On that basis, no restatement has been undertaken.