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REGISTERED NUMBER: 07322592 (England and Wales)















Unaudited Financial Statements

for the Period 1 December 2019 to 31 May 2021

for

GOV TV Ltd

GOV TV Ltd (Registered number: 07322592)

Contents of the Financial Statements
for the Period 1 December 2019 to 31 May 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GOV TV Ltd

Company Information
for the Period 1 December 2019 to 31 May 2021







DIRECTOR: Mr G Dean





REGISTERED OFFICE: Unit 2
The Crossroads
Freckleton Street
Kirkham
Lancashire
PR4 2SH





REGISTERED NUMBER: 07322592 (England and Wales)





ACCOUNTANTS: ma2 Limited
Chartered Accountants
5 Crescent East
Thornton Cleveleys
Lancashire
FY5 3LJ

GOV TV Ltd (Registered number: 07322592)

Balance Sheet
31 May 2021

31.5.21 30.11.19
Notes £    £   
CURRENT ASSETS
Debtors 4 602,740 414,609
Cash at bank - 14,802
602,740 429,411
CREDITORS
Amounts falling due within one year 5 382,288 314,519
NET CURRENT ASSETS 220,452 114,892
TOTAL ASSETS LESS CURRENT
LIABILITIES

220,452

114,892

CREDITORS
Amounts falling due after more than one
year

6

50,000

-
NET ASSETS 170,452 114,892

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 170,352 114,792
SHAREHOLDERS' FUNDS 170,452 114,892

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2021 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.

GOV TV Ltd (Registered number: 07322592)

Balance Sheet - continued
31 May 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 5 August 2022 and were signed by:





Mr G Dean - Director


GOV TV Ltd (Registered number: 07322592)

Notes to the Financial Statements
for the Period 1 December 2019 to 31 May 2021


1. STATUTORY INFORMATION

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

Turnover
Turnover represents income from invoiced turnover, net of value added tax, in respect of radio advertising. Credit is taken for sales according to the broadcast schedule relevant to the company's accounting period.

Taxation
Taxation for the period 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 period 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 period was 1 (2019 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.21 30.11.19
£    £   
Trade debtors 219,515 52,002
Amounts owed by associates 331,040 280,011
Other debtors - 11,241
Prepayments 52,185 71,355
602,740 414,609

GOV TV Ltd (Registered number: 07322592)

Notes to the Financial Statements - continued
for the Period 1 December 2019 to 31 May 2021


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.21 30.11.19
£    £   
Bank loans and overdrafts 92,194 -
Trade creditors 21,700 16,621
Tax 13,610 570
VAT 75,627 39,888
Accruals and deferred income 179,157 257,440
382,288 314,519

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.21 30.11.19
£    £   
Bank loans - 2-5 years 50,000 -