Vedic Broadcasting Network (UK) Limited - Accounts to registrar (filleted) - small 18.2

Vedic Broadcasting Network (UK) Limited - Accounts to registrar (filleted) - small 18.2

VEDIC BROADCASTING NETWORK (UK) LIMITED - Company Information

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REGISTERED NUMBER: 07343083 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

VEDIC BROADCASTING NETWORK (UK) LIMITED
VEDIC BROADCASTING NETWORK (UK) LIMITED (REGISTERED NUMBER: 07343083)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


VEDIC BROADCASTING NETWORK (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







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
Page 1
VEDIC BROADCASTING NETWORK (UK) LIMITED (REGISTERED NUMBER: 07343083)

BALANCE SHEET
31 MARCH 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 60,000 65,000

CURRENT ASSETS
Debtors 4 75,705 45,714
Prepayments and accrued income 34,983 40,353
Cash at bank and in hand 7,077 9,459
117,765 95,526
CREDITORS
Amounts falling due within one year 5 201,789 123,004
NET CURRENT LIABILITIES (84,024 ) (27,478 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(24,024
)
37,522

CAPITAL AND RESERVES
Called up share capital 300,001 300,001
Retained earnings (324,025 ) (262,479 )
SHAREHOLDERS' FUNDS (24,024 ) 37,522

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 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 Board of Directors on 30 June 2018 and were signed on its behalf by:





Ajay Arya - Director


The notes form part of these financial statements

Page 2
VEDIC BROADCASTING NETWORK (UK) LIMITED (REGISTERED NUMBER: 07343083)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018


1. STATUTORY INFORMATION

Vedic Broadcasting Network (UK) 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

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

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.

Page 3 continued...
VEDIC BROADCASTING NETWORK (UK) LIMITED (REGISTERED NUMBER: 07343083)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


3. TANGIBLE FIXED ASSETS
SKY EPG
Platform
£   
COST
At 1 April 2017
and 31 March 2018 100,000
DEPRECIATION
At 1 April 2017 35,000
Charge for year 5,000
At 31 March 2018 40,000
NET BOOK VALUE
At 31 March 2018 60,000
At 31 March 2017 65,000

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade debtors 34,976 21,521
VAT 40,729 24,193
75,705 45,714

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade creditors 183,039 120,954
Directors' loan accounts 15,000 -
Accrued expenses 3,750 2,050
201,789 123,004

Page 4