IRIS Accounts Production v23.4.0.336 05848347 Board of Directors Board of Directors 1.8.22 31.7.23 31.7.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh058483472022-07-31058483472023-07-31058483472022-08-012023-07-31058483472021-07-31058483472021-08-012022-07-31058483472022-07-3105848347ns15:EnglandWales2022-08-012023-07-3105848347ns14:PoundSterling2022-08-012023-07-3105848347ns10:Director12022-08-012023-07-3105848347ns10:Director22022-08-012023-07-3105848347ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3105848347ns10:SmallEntities2022-08-012023-07-3105848347ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3105848347ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3105848347ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3105848347ns10:FullAccounts2022-08-012023-07-310584834712022-08-012023-07-3105848347ns10:CompanySecretary12022-08-012023-07-3105848347ns10:RegisteredOffice2022-08-012023-07-3105848347ns5:CurrentFinancialInstruments2023-07-3105848347ns5:CurrentFinancialInstruments2022-07-3105848347ns5:Non-currentFinancialInstruments2023-07-3105848347ns5:Non-currentFinancialInstruments2022-07-3105848347ns5:ShareCapital2023-07-3105848347ns5:ShareCapital2022-07-3105848347ns5:RetainedEarningsAccumulatedLosses2023-07-3105848347ns5:RetainedEarningsAccumulatedLosses2022-07-3105848347ns5:NetGoodwill2022-08-012023-07-3105848347ns5:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3105848347ns5:ComputerSoftware2022-08-012023-07-3105848347ns5:LeaseholdImprovements2022-08-012023-07-3105848347ns5:PlantMachinery2022-08-012023-07-3105848347ns5:FurnitureFittings2022-08-012023-07-3105848347ns5:MotorVehicles2022-08-012023-07-3105848347ns5:ComputerEquipment2022-08-012023-07-3105848347ns5:NetGoodwill2022-07-3105848347ns5:ComputerSoftware2022-07-3105848347ns5:NetGoodwill2023-07-3105848347ns5:ComputerSoftware2023-07-3105848347ns5:NetGoodwill2022-07-3105848347ns5:ComputerSoftware2022-07-3105848347ns5:LeaseholdImprovements2022-07-3105848347ns5:PlantMachinery2022-07-3105848347ns5:FurnitureFittings2022-07-3105848347ns5:LeaseholdImprovements2023-07-3105848347ns5:PlantMachinery2023-07-3105848347ns5:FurnitureFittings2023-07-3105848347ns5:LeaseholdImprovements2022-07-3105848347ns5:PlantMachinery2022-07-3105848347ns5:FurnitureFittings2022-07-3105848347ns5:MotorVehicles2022-07-3105848347ns5:ComputerEquipment2022-07-3105848347ns5:MotorVehicles2023-07-3105848347ns5:ComputerEquipment2023-07-3105848347ns5:MotorVehicles2022-07-3105848347ns5:ComputerEquipment2022-07-3105848347ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3105848347ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3105848347ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-07-3105848347ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-07-3105848347ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-07-3105848347ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-07-3105848347ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-07-3105848347ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-07-3105848347ns5:Secured2023-07-3105848347ns5:Secured2022-07-31
REGISTERED NUMBER: 05848347 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Television House Ltd

Television House Ltd (Registered number: 05848347)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Television House Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: M R Wilkinson
N W Wilkinson





SECRETARY: N W Wilkinson





REGISTERED OFFICE: 19 Market Place
Pickering
North Yorkshire
YO18 7AE





REGISTERED NUMBER: 05848347 (England and Wales)





ACCOUNTANTS: Hallgarth Accountants Ltd
2 Hallgarth
Pickering
North Yorkshire
YO18 7AW

Television House Ltd (Registered number: 05848347)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 36,750 49,000
Tangible assets 5 88,871 91,338
125,621 140,338

CURRENT ASSETS
Stocks 350,000 299,600
Debtors 6 62,136 65,847
Cash at bank and in hand 6,337 13,724
418,473 379,171
CREDITORS
Amounts falling due within one year 7 152,979 117,180
NET CURRENT ASSETS 265,494 261,991
TOTAL ASSETS LESS CURRENT
LIABILITIES

391,115

402,329

CREDITORS
Amounts falling due after more than one
year

8

(39,634

)

(57,337

)

PROVISIONS FOR LIABILITIES (1,323 ) (1,708 )
NET ASSETS 350,158 343,284

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 350,156 343,282
SHAREHOLDERS' FUNDS 350,158 343,284

Television House Ltd (Registered number: 05848347)

Balance Sheet - continued
31 July 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 10 April 2024 and were signed on its behalf by:




N W Wilkinson - Director



M R Wilkinson - Director


Television House Ltd (Registered number: 05848347)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Television House 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.

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.

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 2006, is being amortised evenly over its estimated useful life of twenty 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.

Website and development is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on cost
Television Sets on Rental - 20% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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.


Television House Ltd (Registered number: 05848347)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued
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 year 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Website
and
Goodwill development Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 245,000 3,609 248,609
AMORTISATION
At 1 August 2022 196,000 3,609 199,609
Amortisation for year 12,250 - 12,250
At 31 July 2023 208,250 3,609 211,859
NET BOOK VALUE
At 31 July 2023 36,750 - 36,750
At 31 July 2022 49,000 - 49,000

Television House Ltd (Registered number: 05848347)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. TANGIBLE FIXED ASSETS
Improvements Television Fixtures
to Sets on and
property Rental fittings
£    £    £   
COST
At 1 August 2022 93,327 3,203 16,684
Additions - - 1,679
At 31 July 2023 93,327 3,203 18,363
DEPRECIATION
At 1 August 2022 10,978 3,203 12,627
Charge for year 1,867 - 861
At 31 July 2023 12,845 3,203 13,488
NET BOOK VALUE
At 31 July 2023 80,482 - 4,875
At 31 July 2022 82,349 - 4,057

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2022 17,030 1,372 131,616
Additions - - 1,679
At 31 July 2023 17,030 1,372 133,295
DEPRECIATION
At 1 August 2022 12,344 1,126 40,278
Charge for year 1,172 246 4,146
At 31 July 2023 13,516 1,372 44,424
NET BOOK VALUE
At 31 July 2023 3,514 - 88,871
At 31 July 2022 4,686 246 91,338

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 19,589 22,428
Extended Sales 36,692 36,579
Other debtors 84 398
Prepayments and accrued income 5,771 6,442
62,136 65,847

Television House Ltd (Registered number: 05848347)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 43,715 13,286
Other loans 22,000 2,000
Natwest BBL 5,147 7,387
Trade creditors 50,112 48,555
Tax 23,945 23,932
VAT - 17,203
Rentals In Advance 650 542
Directors' current accounts 3,776 816
Accrued expenses 3,634 3,459
152,979 117,180

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans - 1-2 years 15,495 13,286
Bank loans - 2-5 years 24,139 39,859
Bank loans more 5 yr by instal - 4,192
39,634 57,337

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 4,192

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Bank overdraft 28,220 -
Bank loans 55,129 70,623
83,349 70,623

There is a legal charge in favour of National Westminster Bank Plc in respect of all the Company's liabilities of any kind and in any currency (whether present or future actual or contingent and whether incurred alone or jointly with another) including banking charges, commission, interest, costs and expenses.

10. RELATED PARTY DISCLOSURES

Establishment costs include rent of £30,000 paid to Mr M R Wilkinson and Mr N W Wilkinson in respect of the shop premises.

11. ULTIMATE CONTROLLING PARTY

The share capital of the company is owned equally by the directors, Mr M R Wilkinson & Mr N W Wilkinson and therefore there is no controlling party.