Company Registration No. 09125906 (England and Wales)
RADAR RADIO LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2015
RADAR RADIO LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
RADAR RADIO LTD
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2015
30 April 2015
- 1 -
2015
Notes
£
£
Fixed assets
Intangible assets
2
13,437
Tangible assets
2
770,357
783,794
Current assets
Debtors
197,752
Cash at bank and in hand
37,677
235,429
Creditors: amounts falling due within one year
(1,273,021)
Net current liabilities
(1,037,592)
Total assets less current liabilities
(253,798)
Capital and reserves
Called up share capital
3
100
Profit and loss account
(253,898)
Shareholders' funds
(253,798)
For the financial period ended 30 April 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 28 January 2016
Mr O C W Ashley
Director
Company Registration No. 09125906
RADAR RADIO LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 30 APRIL 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
At the balance sheet date the company has net current and total liabilities. The company has financed its operations via loans from a related party entity, Mash Holdings Limited. This company has provided confirmation that it will provide financial support as necessary, for a period of not less than twelve months from the date the financial statements are approved. Accordingly the financial statements have been prepared on a going concern basis.
has financed its operations via loans from a related party entity, Mash Holdings Limited. This company has provided confirmation that it will provide financial support as necessary, for a period of not less than twelve months from the date the financial statements are approved. Accordingly the financial statements have been prepared on a going concern basis.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Research and development
Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development expenditure is written off in the same way unless the director are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period during which the company is expected to benefit. The development expenditure capitalised in these accounts relates to the development and implementation of the radio's website via which the company operates. This is being amortised over 3 years.
The development expenditure capitalised in these accounts relates to the development and implementation of the radio's website via which the company operates. This is being amortised over 3 years.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Leasehold
10 years straight line
Computer equipment
3 years straight line
Fixtures, fittings & equipment
3 years straight line
RADAR RADIO LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE PERIOD ENDED 30 APRIL 2015
- 3 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 11 July 2014
-
-
-
Additions
20,155
916,744
936,899
At 30 April 2015
20,155
916,744
936,899
Depreciation
At 11 July 2014
-
-
-
Charge for the period
6,718
146,387
153,105
At 30 April 2015
6,718
146,387
153,105
Net book value
At 30 April 2015
13,437
770,357
783,794
3
Share capital
2015
£
Allotted, called up and fully paid
100 Ordinary Shares of £1 each
100
The company issued 100 ordinary share of £1 at par on incorporation.