Company Registration No. 06615951 (England and Wales)
The Television Set Limited
Unaudited accounts
for the year ended 30 June 2023
The Television Set Limited
Unaudited accounts
Contents
The Television Set Limited
Company Information
for the year ended 30 June 2023
Directors
M Phillips
T Bettles
Company Number
06615951 (England and Wales)
Registered Office
10-11 PERCY STREET
LONDON
W1T 1DN
Accountants
Da-Silva-Skinner Associates
55 Foxboro Road
Redhill
Surrey
RH1 1TD
The Television Set Limited
Statement of financial position
as at 30 June 2023
Cash at bank and in hand
74,146
81,068
Creditors: amounts falling due within one year
(70,215)
(74,189)
Net current assets
45,481
59,007
Total assets less current liabilities
67,981
59,007
Creditors: amounts falling due after more than one year
(43,590)
(57,500)
Called up share capital
100
100
Profit and loss account
24,291
1,407
Shareholders' funds
24,391
1,507
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 February 2024 and were signed on its behalf by
M Phillips
Director
Company Registration No. 06615951
The Television Set Limited
Notes to the Accounts
for the year ended 30 June 2023
The Television Set Limited is a private company, limited by shares, registered in England and Wales, registration number 06615951. The registered office is 10-11 PERCY STREET, LONDON, W1T 1DN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.
Government restrictions due to the Covid-19 epidemic adversely affected trading during the financial year. The company was unable to function normally with staff furloughed in addition to a general lack of consumer confidence & reduced footfall to the premises.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
over length of lease
Plant & machinery
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
The Television Set Limited
Notes to the Accounts
for the year ended 30 June 2023
5
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 July 2022
51,623
29,673
81,296
At 30 June 2023
51,623
59,673
111,296
At 1 July 2022
51,623
29,673
81,296
Charge for the year
-
7,500
7,500
At 30 June 2023
51,623
37,173
88,796
At 30 June 2023
-
22,500
22,500
Amounts falling due within one year
Trade debtors
14,091
39,148
Accrued income and prepayments
22,459
7,980
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
53,012
27,712
Taxes and social security
897
6,449
8
Creditors: amounts falling due after more than one year
2023
2022
Taxes and social security
90
-
Loans from directors
16,000
-
9
Transactions with related parties
Terry Bettles has a controlling interest in Interbroadcast Ltd & Mark Phillips has a controlling interest in Deck Hire Ltd, both companies hiring to The Television Set Ltd all removable machinery & equipment used in the day-to-day operations of the company.
10
Average number of employees
During the year the average number of employees was 6 (2022: 6).