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BASIC BROADCASTING LIMITED |
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 JANUARY 2015 |
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BASIC BROADCASTING LIMITED |
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 JANUARY 2015 |
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BASIC BROADCASTING LIMITED (REGISTERED NUMBER: 03180257) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 JANUARY 2015 |
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Company Information | 1 |
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Chartered Accountants' Report | 2 |
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Abbreviated Balance Sheet | 3 |
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Notes to the Abbreviated Accounts | 5 |
BASIC BROADCASTING LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JANUARY 2015 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
BASIC BROADCASTING LIMITED |
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The following reproduces the text of the report prepared for the director in respect of the company's |
annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on |
pages three to seven) have been prepared. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your |
approval the financial statements of Basic Broadcasting Limited for the year ended 31 January 2015 which |
comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's |
accounting records and from information and explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
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This report is made solely to the director of Basic Broadcasting Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Basic Broadcasting Limited and state those matters that we have agreed to state to the director of Basic Broadcasting Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
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It is your duty to ensure that Basic Broadcasting Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Basic Broadcasting Limited. You consider that Basic Broadcasting Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Basic |
Broadcasting Limited. For this reason, we have not verified the accuracy or completeness of the accounting |
records or information and explanations you have given to us and we do not, therefore, express any opinion |
on the statutory financial statements. |
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Chartered Accountants |
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8 July 2015 |
BASIC BROADCASTING LIMITED (REGISTERED NUMBER: 03180257) |
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ABBREVIATED BALANCE SHEET |
31 JANUARY 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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Investments | 3 |
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Investment property | 4 |
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CURRENT ASSETS |
Debtors |
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Investments |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Capital redemption reserve |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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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 |
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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. |
BASIC BROADCASTING LIMITED (REGISTERED NUMBER: 03180257) |
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ABBREVIATED BALANCE SHEET - continued |
31 JANUARY 2015 |
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The financial statements were approved by the director on
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BASIC BROADCASTING LIMITED (REGISTERED NUMBER: 03180257) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 JANUARY 2015 |
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1. | ACCOUNTING POLICIES |
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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 April 2008). |
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Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Investment property |
No depreciation is provided in respect of the company's investment properties. Although the |
Companies Act 2006 would normally require the systematic depreciation of fixed assets, it is believed |
that this policy of not providing depreciation on investment properties is necessary in order for the |
financial statements to give a true and fair view as market valuation is more relevant than a measure |
of consumption in the activities of the company. It is the company's policy to maintain the properties |
in good condition thus prolonging their useful life. On this basis, had the policy been to provide for |
depreciation on investment properties, the depreciation charge in the financial statements would have |
been £nil. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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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. |
BASIC BROADCASTING LIMITED (REGISTERED NUMBER: 03180257) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2015 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 February 2014 |
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Additions |
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Disposals | ( |
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At 31 January 2015 |
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DEPRECIATION |
At 1 February 2014 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 January 2015 |
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NET BOOK VALUE |
At 31 January 2015 |
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At 31 January 2014 |
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3. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
At 1 February 2014 |
and 31 January 2015 | 200,500 |
NET BOOK VALUE |
At 31 January 2015 |
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At 31 January 2014 |
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BASIC BROADCASTING LIMITED (REGISTERED NUMBER: 03180257) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2015 |
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4. | INVESTMENT PROPERTY |
Total |
£ |
COST |
At 1 February 2014 |
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Additions |
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At 31 January 2015 |
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NET BOOK VALUE |
At 31 January 2015 |
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At 31 January 2014 |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary | £1 |
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6. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 31 January 2015 |
and 31 January 2014: |
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2015 | 2014 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Balance outstanding at end of year |
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