LOCAL TV LIMITED

Company Registration Number:
07191714 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

LOCAL TV LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

LOCAL TV LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 14,360 19,333
Investments: 4 455,912 455,912
Total fixed assets: 470,272 475,245
Current assets
Debtors:   2,280,636 2,338,929
Cash at bank and in hand: 62,096 20,765
Total current assets: 2,342,732 2,359,694
Creditors: amounts falling due within one year:   (765,261) (800,202)
Net current assets (liabilities): 1,577,471 1,559,492
Total assets less current liabilities: 2,047,743 2,034,737
Creditors: amounts falling due after more than one year:   (2,688,408) (2,670,197)
Total net assets (liabilities): (640,665) (635,460)
Capital and reserves
Called up share capital: 1,122,110 1,122,110
Share premium account: 14,675,312 14,675,312
Profit and loss account: (16,438,087) (16,432,882)
Shareholders funds: (640,665) (635,460)

The notes form part of these financial statements

LOCAL TV LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 14 June 2024
and signed on behalf of the board by:

Name: Lesley Ann Mackenzie
Status: Director

The notes form part of these financial statements

LOCAL TV LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

LOCAL TV LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 22 27

LOCAL TV LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 1,684,344
Additions 2,102
At 31 March 2024 1,686,446
Depreciation
At 01 April 2023 1,665,011
Charge for year 7,075
At 31 March 2024 1,672,086
Net book value
At 31 March 2024 14,360
At 31 March 2023 19,333

LOCAL TV LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Fixed investments

25% depreciation