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REGISTERED NUMBER: 03608259















Bluefin Television Limited

Unaudited Financial Statements for the Year Ended 31st March 2024






Bluefin Television Limited (Registered number: 03608259)






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


Bluefin Television Limited

Company Information
for the year ended 31st March 2024







DIRECTORS: A D Leake
Ms D M Porter



REGISTERED OFFICE: 70 St Alphonsus Road
Clapham
London
SW4 7AS



REGISTERED NUMBER: 03608259



ACCOUNTANTS: The Decimal Place
8 Blandfield Road
London
SW12 8BG



BANKERS: Loyds TSB
St George's Road
Wimbledon
London
SW19

Bluefin Television Limited (Registered number: 03608259)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 39,906 41,053
39,907 41,054

CURRENT ASSETS
Debtors 6 20,970 6,883
Cash at bank 4,194 145,378
25,164 152,261
CREDITORS
Amounts falling due within one
year

7

170,540

155,094
NET CURRENT LIABILITIES (145,376 ) (2,833 )
TOTAL ASSETS LESS
CURRENT LIABILITIES

(105,469

)

38,221

CREDITORS
Amounts falling due after more
than one year

8

24,406

35,217
NET (LIABILITIES)/ASSETS (129,875 ) 3,004

Bluefin Television Limited (Registered number: 03608259)

Balance Sheet - continued
31st March 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 118 118
Retained earnings 9 (129,993 ) 2,886
SHAREHOLDERS' FUNDS (129,875 ) 3,004

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.

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 19th December 2024 and were signed on its behalf by:





A D Leake - Director


Bluefin Television Limited (Registered number: 03608259)

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

1. STATUTORY INFORMATION

Bluefin Television Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Web-site development costs is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 10% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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.

Bluefin Television Limited (Registered number: 03608259)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st April 2023
and 31st March 2024 4,350
AMORTISATION
At 1st April 2023
and 31st March 2024 4,349
NET BOOK VALUE
At 31st March 2024 1
At 31st March 2023 1

Bluefin Television Limited (Registered number: 03608259)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1st April 2023 239,323 654,141 70,323
Additions 32,582 11,050 -
At 31st March 2024 271,905 665,191 70,323
DEPRECIATION
At 1st April 2023 237,040 640,620 69,901
Charge for year 27,191 6,536 140
At 31st March 2024 264,231 647,156 70,041
NET BOOK VALUE
At 31st March 2024 7,674 18,035 282
At 31st March 2023 2,283 13,521 422

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st April 2023 168,935 51,642 1,184,364
Additions - 1,487 45,119
At 31st March 2024 168,935 53,129 1,229,483
DEPRECIATION
At 1st April 2023 145,942 49,808 1,143,311
Charge for year 11,496 903 46,266
At 31st March 2024 157,438 50,711 1,189,577
NET BOOK VALUE
At 31st March 2024 11,497 2,418 39,906
At 31st March 2023 22,993 1,834 41,053

Bluefin Television Limited (Registered number: 03608259)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Trade debtors 86,397 72,310
Bad debt provision (65,435 ) (65,435 )
Other debtors 8 8
20,970 6,883

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Trade creditors 35,666 34,347
Tax 55,386 32,036
Social security and other taxes 39 -
VAT 6,690 14,123
Other creditors 8,707 2,544
Directors' current accounts 60,659 65,828
Accruals and deferred income 3,393 6,216
170,540 155,094

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 24,406 35,217

9. RESERVES
Retained
earnings
£   

At 1st April 2023 2,886
Deficit for the year (132,879 )
At 31st March 2024 (129,993 )