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TV TECHNOLOGIES LIMITED

Unaudited Financial Statements

for the Year Ended 31st March 2024






TV TECHNOLOGIES LIMITED (REGISTERED NUMBER: 03854266)






Contents of the Financial Statements
for the year ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TV TECHNOLOGIES LIMITED

Company Information
for the year ended 31st March 2024







DIRECTORS: G D Estabrooks
S Estabrooks





SECRETARY: G D Estabrooks





REGISTERED OFFICE: Suite G3a
Egerton House
2 Tower Road
Birkenhead
Merseyside
CH41 1FN





REGISTERED NUMBER: 03854266 (England and Wales)





ACCOUNTANTS: Haines Watts Wirral Limited
1 Abbots Quay
Monks Ferry
Birkenhead
Merseyside
CH41 5LH

TV TECHNOLOGIES LIMITED (REGISTERED NUMBER: 03854266)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 126,831 164,122
Investments 5 1 1
126,832 164,123

CURRENT ASSETS
Stocks 121,749 32,941
Debtors 6 745,024 471,120
Cash at bank and in hand 53,719 59,184
920,492 563,245
CREDITORS
Amounts falling due within one year 7 783,711 357,233
NET CURRENT ASSETS 136,781 206,012
TOTAL ASSETS LESS CURRENT LIABILITIES 263,613 370,135

CREDITORS
Amounts falling due after more than one
year

8

(56,999

)

(83,053

)

PROVISIONS FOR LIABILITIES (28,660 ) (30,880 )
NET ASSETS 177,954 256,202

CAPITAL AND RESERVES
Called up share capital 1,006 1,006
Retained earnings 176,948 255,196
177,954 256,202

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

TV TECHNOLOGIES LIMITED (REGISTERED NUMBER: 03854266)

Balance Sheet - continued
31st March 2024


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 14th November 2024 and were signed on its behalf by:





S Estabrooks - Director


TV TECHNOLOGIES LIMITED (REGISTERED NUMBER: 03854266)

Notes to the Financial Statements
for the year ended 31st March 2024

1. STATUTORY INFORMATION

TV Technologies 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

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.

TV TECHNOLOGIES LIMITED (REGISTERED NUMBER: 03854266)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 21 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st April 2023 171,891 68,154 240,045
Additions 10,570 3,730 14,300
Disposals (42,875 ) - (42,875 )
At 31st March 2024 139,586 71,884 211,470
DEPRECIATION
At 1st April 2023 58,502 17,421 75,923
Charge for year 27,340 13,175 40,515
Eliminated on disposal (31,799 ) - (31,799 )
At 31st March 2024 54,043 30,596 84,639
NET BOOK VALUE
At 31st March 2024 85,543 41,288 126,831
At 31st March 2023 113,389 50,733 164,122

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st April 2023
and 31st March 2024 1
NET BOOK VALUE
At 31st March 2024 1
At 31st March 2023 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 573,185 322,299
Other debtors 171,839 148,821
745,024 471,120

TV TECHNOLOGIES LIMITED (REGISTERED NUMBER: 03854266)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,718 5,428
Hire purchase contracts 30,807 34,489
Trade creditors 288,381 141,316
Taxation and social security 107,900 44,253
Other creditors 350,905 131,747
783,711 357,233

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 33,029 38,905
Hire purchase contracts 23,970 44,148
56,999 83,053

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,158 18,578

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 38,747 44,333
Hire purchase contracts 54,777 78,637
93,524 122,970

Hire purchase contracts are secured on the assets acquired.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2024 and 31st March 2023:

2024 2023
£    £   
G D Estabrooks
Balance outstanding at start of year (23,742 ) (242 )
Amounts advanced 13,250 -
Amounts repaid - (23,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (10,492 ) (23,742 )

TV TECHNOLOGIES LIMITED (REGISTERED NUMBER: 03854266)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

S Estabrooks
Balance outstanding at start of year 24,699 44,879
Amounts advanced 10,492 -
Amounts repaid (7,484 ) (20,180 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 27,707 24,699