2022-02-012023-01-312023-01-31false04644477PEDESTAL TELEVISION 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PEDESTAL TELEVISION LIMITED

Registered Number
04644477
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2023

PEDESTAL TELEVISION LIMITED
Company Information
for the year from 1 February 2022 to 31 January 2023

Directors

C R Taber
D T Taber

Registered Address

5 Buckland Drive
Bwlch
Brecon
LD3 7HN

Registered Number

04644477 (England and Wales)
PEDESTAL TELEVISION LIMITED
Balance Sheet as at
31 January 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets720,3169,288
20,3169,288
Current assets
Debtors810,45118,423
Cash at bank and on hand42,04239,421
52,49357,844
Creditors amounts falling due within one year9(15,889)(20,171)
Net current assets (liabilities)36,60437,673
Total assets less current liabilities56,92046,961
Creditors amounts falling due after one year10(3,346)(4,352)
Provisions for liabilities11(3,860)(1,285)
Net assets49,71441,324
Capital and reserves
Called up share capital100100
Profit and loss account49,61441,224
Shareholders' funds49,71441,324
The financial statements were approved and authorised for issue by the Board of Directors on 9 October 2023, and are signed on its behalf by:
C R Taber
Director
Registered Company No. 04644477
PEDESTAL TELEVISION LIMITED
Notes to the Financial Statements
for the year ended 31 January 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Basis of measurement used in financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
4.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery4
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
5.Critical estimates and judgements
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.
6.Employee information

20232022
Average number of employees during the year22
7.Property, plant and equipment

Plant & machinery

Total

££
Cost or valuation
At 01 February 2295,56095,560
Additions16,82616,826
At 31 January 23112,386112,386
Depreciation and impairment
At 01 February 2286,27286,272
Charge for year5,7985,798
At 31 January 2392,07092,070
Net book value
At 31 January 2320,31620,316
At 31 January 229,2889,288
8.Debtors

2023

2022

££
Trade debtors / trade receivables10,45118,423
Total10,45118,423
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
9.Creditors within one year

2023

2022

££
Trade creditors / trade payables840745
Taxation and social security9,70413,279
Other creditors5,3454,524
Accrued liabilities and deferred income-1,623
Total15,88920,171
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
10.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts3,3464,352
Total3,3464,352
11.Provisions for liabilities
Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to the profit and loss account in the year that the company becomes aware of the obligation and are measured as the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet.

2023

2022

££
Net deferred tax liability (asset)3,8601,285
Total3,8601,285