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REGISTERED NUMBER: 14178322 (England and Wales)















Unaudited Financial Statements

for the Period 16 June 2022 to 31 March 2023

for

Acme Tv Ltd

Acme Tv Ltd (Registered number: 14178322)






Contents of the Financial Statements
for the Period 16 June 2022 to 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Acme Tv Ltd

Company Information
for the Period 16 June 2022 to 31 March 2023







DIRECTORS: R J Brooks
J D'Cruz





REGISTERED OFFICE: 216 Kneller Road
Twickenham
TW2 7EF





REGISTERED NUMBER: 14178322 (England and Wales)





ACCOUNTANTS: Thompsons Accountancy Services Limited
Chartered Accountants
Grove House
1 Grove Place
Bedford
Bedfordshire
MK40 3JJ

Acme Tv Ltd (Registered number: 14178322)

Statement of Financial Position
31 March 2023

Notes £    £   
FIXED ASSETS
Intangible assets 5 13,562
Tangible assets 6 7,063
20,625

CURRENT ASSETS
Debtors 7 186,907
Cash at bank 5,579
192,486
CREDITORS
Amounts falling due within one year 8 299,880
NET CURRENT LIABILITIES (107,394 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(86,769

)

PROVISIONS FOR LIABILITIES 1,766
NET LIABILITIES (88,535 )

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (88,635 )
(88,535 )

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

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

Acme Tv Ltd (Registered number: 14178322)

Statement of Financial Position - continued
31 March 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 September 2023 and were signed on its behalf by:




R J Brooks - Director



J D'Cruz - Director


Acme Tv Ltd (Registered number: 14178322)

Notes to the Financial Statements
for the Period 16 June 2022 to 31 March 2023

1. STATUTORY INFORMATION

Acme 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of four years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 33% on cost
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Acme Tv Ltd (Registered number: 14178322)

Notes to the Financial Statements - continued
for the Period 16 June 2022 to 31 March 2023

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 15,500
At 31 March 2023 15,500
AMORTISATION
Amortisation for period 1,938
At 31 March 2023 1,938
NET BOOK VALUE
At 31 March 2023 13,562

6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
Additions 911 283 6,717 7,911
At 31 March 2023 911 283 6,717 7,911
DEPRECIATION
Charge for period 100 16 732 848
At 31 March 2023 100 16 732 848
NET BOOK VALUE
At 31 March 2023 811 267 5,985 7,063

Acme Tv Ltd (Registered number: 14178322)

Notes to the Financial Statements - continued
for the Period 16 June 2022 to 31 March 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 149,025
Other debtors 14,895
Directors' current accounts 9,662
Prepayments 13,325
186,907

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 19,472
Trade creditors 58,602
Social security and other taxes 9,041
VAT 54,232
Other creditors 774
Deferred income 155,247
Accrued expenses 2,512
299,880

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 March 2023:

£   
R J Brooks
Balance outstanding at start of period -
Amounts advanced 11,303
Amounts repaid (1,641 )
Amounts written off -
Amounts waived -
Balance outstanding at end of period 9,662