ESC (TV) LIMITED
Registered number: 01066646
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 28,407 34,847
Current assets
Stocks 39,000 30,000
Debtors 4 19,364 21,343
Cash at bank and in hand 61,508 44,912
119,872 96,255
Creditors: amounts falling due within one year 5 (38,840) (33,453)
Net current assets 81,032 62,802
Total assets less current liabilities 109,439 97,649
Creditors: amounts falling due after more than one year 6 (31,540) (41,553)
Net assets 77,899 56,096
Capital and reserves
Called up share capital 10,002 10,002
Profit and loss account 67,897 46,094
Shareholders' funds 77,899 56,096
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr G Higgins
Director
Approved by the board on 6 October 2023
ESC (TV) LIMITED
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
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).
Turnover
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. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures & Fittings 10% reducing balance
Motor vehicles 25% reducing balance
Computer Equipment 25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 7 7
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2022 141,625 59,465 201,090
At 31 March 2023 141,625 59,465 201,090
Depreciation
At 1 April 2022 122,816 43,427 166,243
Charge for the year 2,430 4,010 6,440
At 31 March 2023 125,246 47,437 172,683
Net book value
At 31 March 2023 16,379 12,028 28,407
At 31 March 2022 18,809 16,038 34,847
4 Debtors 2023 2022
£ £
Trade debtors 17,791 21,343
Other debtors 1,573 -
19,364 21,343
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 17,994 16,057
Corporation tax 7,474 4,848
Other taxes and social security costs 5,009 9,715
Other creditors 8,363 2,833
38,840 33,453
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 31,540 41,553
7 Other information
ESC (TV) LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
58 Cavendish Street
Keighley
BD21 3RL
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