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REGISTERED NUMBER: 08176564 (England and Wales)











Financial Statements

for the Period

1st September 2022 to 31st March 2023

for

Superla.tv Limited

Superla.tv Limited (Registered number: 08176564)

Contents of the Financial Statements
for the Period 1st September 2022 to 31st March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Superla.tv Limited

Company Information
for the Period 1st September 2022 to 31st March 2023







DIRECTORS: Mr S I Warrington
Mrs L E Warrington
Ms H D Gray





REGISTERED OFFICE: C/O Towers + Gornall Ltd
River View, 96 High Street
Garstang
Preston
Lancashire
PR3 1WZ





REGISTERED NUMBER: 08176564 (England and Wales)





ACCOUNTANTS: Towers + Gornall Ltd
Chartered Certified Accountants
River View
96 High Street
Garstang
Preston
Lancashire
PR3 1WZ

Superla.tv Limited (Registered number: 08176564)

Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 25,671 25,138

CURRENT ASSETS
Inventories 74,251 -
Debtors 5 101,297 28,896
Cash at bank 12 46,372
175,560 75,268
CREDITORS
Amounts falling due within one year 6 192,198 127,088
NET CURRENT LIABILITIES (16,638 ) (51,820 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,033

(26,682

)

CREDITORS
Amounts falling due after more than one
year

7

(55,391

)

(85,940

)

PROVISIONS FOR LIABILITIES (4,877 ) (4,776 )
NET LIABILITIES (51,235 ) (117,398 )

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 2 2
Retained earnings (51,337 ) (117,500 )
(51,235 ) (117,398 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 30th September 2023 and were signed on its behalf by:



Mr S I Warrington - Director


Superla.tv Limited (Registered number: 08176564)

Notes to the Financial Statements
for the Period 1st September 2022 to 31st March 2023


1. STATUTORY INFORMATION

Superla.tv Limited 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 as modified by the revaluation of certain assets.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

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.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 (2022 - 7 ) .

Superla.tv Limited (Registered number: 08176564)

Notes to the Financial Statements - continued
for the Period 1st September 2022 to 31st March 2023


4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1st September 2022 94,888
Additions 3,923
At 31st March 2023 98,811
DEPRECIATION
At 1st September 2022 69,750
Charge for period 3,390
At 31st March 2023 73,140
NET BOOK VALUE
At 31st March 2023 25,671
At 31st August 2022 25,138

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 100,282 14,891
Other debtors 398 338
Prepayments 617 13,667
101,297 28,896

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 86,890 52,236
Trade creditors 2,229 33,841
Social security and other taxes 15,474 11,142
VAT 21,963 26,945
Other creditors 1,441 -
Demo Face Ltd 46,376 -
Directors' current accounts 2,725 -
Accruals and deferred income 11,500 -
Accrued expenses 3,600 2,924
192,198 127,088

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 19,644 35,789
Bank loans - 2-5 years 35,747 50,151
55,391 85,940

8. RELATED PARTY DISCLOSURES

A Trade debtor of £30,119 relates to a company that one of the Director's, Mrs L Warrington wholly owns.

An inter company loan exists in current liabilities of £46,376. This is between Superla.TV Ltd and Demo Face Ltd. Demo Face Ltd is wholly owned by Inter Face IP Ltd, whose shareholders include Mr S Warrington and Ms H Gray.