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REGISTERED NUMBER: 09287697 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

TV Artist Limited

TV Artist Limited (Registered number: 09287697)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TV Artist Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Ms N Collins





REGISTERED OFFICE: 27 Tennyson Avenue
Chesterfield
S40 4SN





REGISTERED NUMBER: 09287697 (England and Wales)





ACCOUNTANTS: Charles Stewart & Co Limited
3 Park Square
Leeds
LS1 2NE

TV Artist Limited (Registered number: 09287697)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 134,744 66,154

CURRENT ASSETS
Debtors 5 2,010 4,007
Cash at bank and in hand 19,906 35,368
21,916 39,375
CREDITORS
Amounts falling due within one year 6 63,602 42,048
NET CURRENT LIABILITIES (41,686 ) (2,673 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

93,058

63,481

CREDITORS
Amounts falling due after more than one
year

7

9,624

15,318
NET ASSETS 83,434 48,163

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 83,334 48,063
SHAREHOLDERS' FUNDS 83,434 48,163

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Artist Limited (Registered number: 09287697)

Balance Sheet - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2024 and were signed by:





Ms N Collins - Director


TV Artist Limited (Registered number: 09287697)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

TV Artist 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% 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.

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.

Revenue and profit recognition
Revenue represents the fair value of consideration received or receivable from clients for services provided, net of value added tax. The revenue and profit on contracts is recognised when the work is performed.

Amounts recoverable on contract
Amounts recoverable on contract represents revenue receivable from clients at the balance sheet date. The valuation of amounts recoverable on contracts is adjusted to take up profit to date in accordance with the accounting policy for profit recognition.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

TV Artist Limited (Registered number: 09287697)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 November 2022 65,582 1,180 1,647 68,409
Additions 37,842 41,097 - 78,939
At 31 October 2023 103,424 42,277 1,647 147,348
DEPRECIATION
At 1 November 2022 - 1,180 1,075 2,255
Charge for year - 10,206 143 10,349
At 31 October 2023 - 11,386 1,218 12,604
NET BOOK VALUE
At 31 October 2023 103,424 30,891 429 134,744
At 31 October 2022 65,582 - 572 66,154

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts recoverable on contract 2,010 4,007

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 17,604 5,000
Corporation tax 33,801 25,649
VAT 2,730 3,239
Director's current account 107 -
Accrued expenses 9,360 8,160
63,602 42,048

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loan 9,624 15,318

The bank loan is a loan under HM Government Coronavirus Business Bounce Back Loan Scheme. The loan carries an interest rate of 2.5% per annum and it is repayable in accordance with the rules of the scheme.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

TV Artist Limited (Registered number: 09287697)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

9. RESERVES
Retained
earnings
£   

At 1 November 2022 48,063
Profit for the year 72,271
Dividends (37,000 )
At 31 October 2023 83,334

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms N Collins.