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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
Page
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The Television Set Limited Company Information for the year ended 30 June 2023
Directors
M Phillips T Bettles
Secretary
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
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The Television Set Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
22,500 
- 
Current assets
Inventories
5,000 
5,000 
Debtors
36,550 
47,128 
Cash at bank and in hand
74,146 
81,068 
115,696 
133,196 
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)
Net assets
24,391 
1,507 
Capital and reserves
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
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The Television Set Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Turnover
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 July 2022
13,700 
At 30 June 2023
13,700 
Amortisation
At 1 July 2022
13,700 
At 30 June 2023
13,700 
Net book value
At 30 June 2023
- 
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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 
Additions
- 
30,000 
30,000 
At 30 June 2023
51,623 
59,673 
111,296 
Depreciation
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 
Net book value
At 30 June 2023
- 
22,500 
22,500 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
14,091 
39,148 
Accrued income and prepayments
22,459 
7,980 
36,550 
47,128 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
(850)
(205)
Trade creditors
53,012 
27,712 
Taxes and social security
897 
6,449 
Accruals
17,156 
40,233 
70,215 
74,189 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
27,500 
57,500 
Taxes and social security
90 
- 
Loans from directors
16,000 
- 
43,590 
57,500 
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).
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