Company registration number 02000767 (England and Wales)
TV NEWS LONDON LIMITED
Unaudited financial statements
For the year ended 31 March 2023
TV NEWS LONDON LIMITED
CONTENTS
Page
Accountants' report
1
Profit and loss account
2
Balance sheet and notes to the financial statements
3 - 4
TV NEWS LONDON LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF TV NEWS LONDON LIMITED FOR THE YEAR ENDED 31 MARCH 2023
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of TV News London Limited for the year ended 31 March 2023 set out on pages 2 to 4 from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.
This report is made solely to the board of directors of TV News London Limited, as a body, in accordance with the terms of our engagement letter dated 18 March 2014. Our work has been undertaken solely to prepare for your approval the financial statements of TV News London Limited and state those matters that we have agreed to state to the board of directors of TV News London Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TV News London Limited and its board of directors as a body, for our work or for this report.
It is your duty to ensure that TV News London Limited has kept adequate accounting records and to prepare statutory financial statements that comply with the requirements of the Companies Act 2006. You consider that TV News London Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of TV News London Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
WSM Advisors Limited
1 November 2023
Chartered Accountants
Connect House
133-137 Alexandra Road
Wimbledon
London
SW19 7JY
TV NEWS LONDON LIMITED
PROFIT AND LOSS ACCOUNT
For the year ended 31 March 2023
- 2 -
2023
2022
£
£
Turnover
64,643
54,307
Other income
12
4,275
Cost of raw materials and consumables
(4,376)
(2,100)
Staff costs
(35,442)
(34,460)
Depreciation and other amounts written off assets
(646)
(797)
Other charges
(22,899)
(20,711)
Tax
604
Profit
1,896
514
TV NEWS LONDON LIMITED
BALANCE SHEET
As at 31 March 2023
- 3 -
2023
2022
£
£
£
£
Fixed assets
1,291
1,937
Current assets
22,624
24,009
Creditors: amounts falling due within one year
(14,000)
(12,727)
Net current assets
8,624
11,282
Total assets less current liabilities
9,915
13,219
Creditors: amounts falling due after more than one year
(12,133)
(17,333)
Net liabilities
(2,218)
(4,114)
Capital and reserves
(2,218)
(4,114)
Notes to the financial statements
1
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2023
2022
Number
Number
Employees
3
3
TV News London Limited is a private company limited by shares incorporated in England and Wales. The registered office is 89 Station Road, Barnet, Herts, EN5 1PX.
For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and the provisions applicable to companies subject to the small companies regime.
TV NEWS LONDON LIMITED
BALANCE SHEET (CONTINUED)
As at 31 March 2023
- 4 -
The financial statements were approved by the board of directors and authorised for issue on 1 November 2023 and are signed on its behalf by:
..............................................
Mrs R Morris
Secretary
Director
Company registration number 02000767 (England and Wales)