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REGISTERED NUMBER: 09287771 (England and Wales)












GO2TV LTD

Unaudited Financial Statements

for the Year Ended 31 October 2024






GO2TV LTD (Registered number: 09287771)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


GO2TV LTD

Company Information
for the Year Ended 31 October 2024







Directors: Ms J Ledgard
Mr B Ledgard





Registered office: Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ





Registered number: 09287771 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

GO2TV LTD (Registered number: 09287771)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 2,298 7,377

Current assets
Debtors 5 11,910 9,868
Cash at bank 20,974 10,872
32,884 20,740
Creditors
Amounts falling due within one year 6 9,918 11,434
Net current assets 22,966 9,306
Total assets less current liabilities 25,264 16,683

Provisions for liabilities 7 436 1,401
Net assets 24,828 15,282

Capital and reserves
Called up share capital 2,000 2,000
Retained earnings 22,828 13,282
Shareholders' funds 24,828 15,282

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

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

GO2TV LTD (Registered number: 09287771)

Balance Sheet - continued
31 October 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 27 January 2025 and were signed on its behalf by:





Mr B Ledgard - Director


GO2TV LTD (Registered number: 09287771)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. Statutory information

GO2TV LTD 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.

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.
Plant and machinery - 33% 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.

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.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

GO2TV LTD (Registered number: 09287771)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. Tangible fixed assets
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 November 2023 255 16,803 6,692 23,750
Additions - - 215 215
Disposals - - (905 ) (905 )
At 31 October 2024 255 16,803 6,002 23,060
Depreciation
At 1 November 2023 255 10,852 5,266 16,373
Charge for year - 4,201 1,075 5,276
Eliminated on disposal - - (887 ) (887 )
At 31 October 2024 255 15,053 5,454 20,762
Net book value
At 31 October 2024 - 1,750 548 2,298
At 31 October 2023 - 5,951 1,426 7,377

5. Debtors: amounts falling due within one year
31.10.24 31.10.23
£    £   
Trade debtors 5,148 8,945
Prepayments and accrued income 6,762 923
11,910 9,868

6. Creditors: amounts falling due within one year
31.10.24 31.10.23
£    £   
Corporation tax 5,206 1,038
Social security and other taxes 694 918
VAT 2,827 4,804
Directors' current accounts 57 3,511
Accruals and deferred income 1,134 1,163
9,918 11,434

7. Provisions for liabilities
31.10.24 31.10.23
£    £   
Deferred tax
Accelerated capital allowances 436 1,401

GO2TV LTD (Registered number: 09287771)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

7. Provisions for liabilities - continued

Deferred
tax
£   
Balance at 1 November 2023 1,401
Credit to Income statement during year (965 )
Balance at 31 October 2024 436