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REGISTERED NUMBER: 07660990 (England and Wales)


















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

MIND'S EYE TV LIMITED

MIND'S EYE TV LIMITED (REGISTERED NUMBER: 07660990)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MIND'S EYE TV LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2023







DIRECTORS: A P Mickelburgh
E J Mickelburgh





REGISTERED OFFICE: 2 Endsleigh Gardens
Hersham
Walton on Thames
Surrey
KT12 5HE





REGISTERED NUMBER: 07660990 (England and Wales)





ACCOUNTANTS: CLS Accountants Limited
Chartered Certified Accountants
2 Rythe Close
Esher
Surrey
KT10 9DD

MIND'S EYE TV LIMITED (REGISTERED NUMBER: 07660990)

STATEMENT OF FINANCIAL POSITION
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 87,398 89,661

CURRENT ASSETS
Debtors 5 55,700 43,095
Cash at bank and in hand 3,305 8,497
59,005 51,592
CREDITORS
Amounts falling due within one year 6 90,826 72,847
NET CURRENT LIABILITIES (31,821 ) (21,255 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,577

68,406

CREDITORS
Amounts falling due after more than one
year

7

(38,900

)

(51,142

)

PROVISIONS FOR LIABILITIES (16,606 ) (17,036 )
NET ASSETS 71 228

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 69 226
SHAREHOLDERS' FUNDS 71 228

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

MIND'S EYE TV LIMITED (REGISTERED NUMBER: 07660990)

STATEMENT OF FINANCIAL POSITION - continued
30 June 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 13 March 2024 and were signed on its behalf by:




A P Mickelburgh - Director



E J Mickelburgh - Director


MIND'S EYE TV LIMITED (REGISTERED NUMBER: 07660990)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Mind's Eye TV Limited 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.

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 etc - 33% on cost, 25% on reducing balance, 20% on cost and at varying rates on cost

Taxation
Taxation for the year 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

MIND'S EYE TV LIMITED (REGISTERED NUMBER: 07660990)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 167,506
Additions 20,603
At 30 June 2023 188,109
DEPRECIATION
At 1 July 2022 77,845
Charge for year 22,866
At 30 June 2023 100,711
NET BOOK VALUE
At 30 June 2023 87,398
At 30 June 2022 89,661

Included in net book value of motor vehicles are assets held under hire purchase contracts and finance leases totalling £23,715 (2022 - £31,620).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 24,868 7,565
Other debtors 30,832 35,530
55,700 43,095

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 7,000 7,000
Hire purchase contracts 5,736 5,736
Trade creditors 13,091 4,114
Taxation and social security 60,736 51,612
Other creditors 4,263 4,385
90,826 72,847

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 16,244 22,750
Hire purchase contracts 22,656 28,392
38,900 51,142

MIND'S EYE TV LIMITED (REGISTERED NUMBER: 07660990)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Hire purchase contracts 28,392 34,128

The hire purchase liabilities are secured on the assets concerned.