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PEDESTAL TELEVISION LIMITED

Registered Number
04644477
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

PEDESTAL TELEVISION LIMITED
Company Information
for the year from 1 February 2023 to 31 January 2024

Directors

C R Taber
D T Taber

Company Secretary

D T Taber

Registered Address

5 Buckland Drive
Bwlch
Brecon
LD3 7HN

Registered Number

04644477 (England and Wales)
PEDESTAL TELEVISION LIMITED
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets337,42920,316
37,42920,316
Current assets
Debtors7,53910,451
Cash at bank and on hand37,44742,042
44,98652,493
Creditors amounts falling due within one year4(17,283)(15,889)
Net current assets (liabilities)27,70336,604
Total assets less current liabilities65,13256,920
Creditors amounts falling due after one year5-(3,346)
Provisions for liabilities6(6,768)(3,860)
Net assets58,36449,714
Capital and reserves
Called up share capital100100
Profit and loss account58,26449,614
Shareholders' funds58,36449,714
The financial statements were approved and authorised for issue by the Board of Directors on 10 October 2024, and are signed on its behalf by:
C R Taber
Director
Registered Company No. 04644477
PEDESTAL TELEVISION LIMITED
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery4
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Plant & machinery

Vehicles

Total

£££
Cost or valuation
At 01 February 23112,386-112,386
Additions15,65614,00029,656
Disposals(15,030)-(15,030)
At 31 January 24113,01214,000127,012
Depreciation and impairment
At 01 February 2392,070-92,070
Charge for year9,4343,20812,642
On disposals(15,129)-(15,129)
At 31 January 2486,3753,20889,583
Net book value
At 31 January 2426,63710,79237,429
At 31 January 2320,316-20,316
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables174840
Bank borrowings and overdrafts-357
Taxation and social security7,4659,704
Other creditors9,6444,988
Total17,28315,889
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts-3,346
Total-3,346
6.Provisions for liabilities
Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to the profit and loss account in the year that the company becomes aware of the obligation and are measured as the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet.

2024

2023

££
Net deferred tax liability (asset)6,7683,860
Total6,7683,860