CENTRE_BROADCASTING_LIMIT - Accounts

CENTRE BROADCASTING LIMITED - Company Information

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Company Registration No. 03294814 (England and Wales)

CENTRE BROADCASTING LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2013

CENTRE BROADCASTING LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

CENTRE BROADCASTING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2013

- 1 -

2013

2012

Notes

Fixed assets

Tangible assets

455

763

Current assets

Debtors

118,560

89,967

Cash at bank and in hand

54,245

118,560

144,212

Creditors: amounts falling due within one year

(131,631)

(223,155)

Net current liabilities

(13,071)

(78,943)

Total assets less current liabilities

(12,616)

(78,180)

Capital and reserves

Called up share capital

260,893

Share premium account

531

Profit and loss account

(274,040)

(339,604)

Shareholders' funds

(12,616)

(78,180)

For the financial year ended 31 December 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their 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 23 September 2014

Mr Steve Orchard

Director

Company Registration No. 03294814

CENTRE BROADCASTING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

- 2 -

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).

The financial statements have been prepared on a going concern basis. The company is reliant on the continuing support of the parent company. Having considered this and other available information, the directors are of the opinion that the company is able to continue its trading activities for the foreseeable future.

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

Turnover

Turnover represents amounts receivable for services net of VAT and trade discounts.

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:

Computer equipment

33.3% on cost

Fixed assets

Tangible assets

Cost

At 1 January 2013 & at 31 December 2013

887

Depreciation

At 1 January 2013

124

Charge for the year

308

At 31 December 2013

432

Net book value

At 31 December 2013

455

At 31 December 2012

763

CENTRE BROADCASTING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2013

- 3 -

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £6,264 (2012 - £0).

National Westminster Bank Plc hold a debenture dated 16th August 2012 which provides a fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, uncalled capital, building, fixtures, fixed plant and machinery.

Share capital

2013

2012

Allotted, called up and fully paid

260,893 Ordinary of £1 each

260,893

Ultimate parent company

The ultimate controlling party is Quidem Limited.