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REGISTERED NUMBER: 09686790 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

TV ASSOCIATES LIMITED

TV ASSOCIATES LIMITED (REGISTERED NUMBER: 09686790)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

TV ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Ms J Lodge
S Vyvyan





REGISTERED OFFICE: Southgate Chambers
37/39 Southgate Street
Winchester
Hampshire
SO23 9EH





REGISTERED NUMBER: 09686790 (England and Wales)





ACCOUNTANTS: Rothmans LLP
Avebury House
St Peter Street
Winchester
Hampshire
SO23 8BN

TV ASSOCIATES LIMITED (REGISTERED NUMBER: 09686790)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,311 48,420

CURRENT ASSETS
Stocks 5,774 -
Debtors 5 285,001 42,787
Cash at bank and in hand 91,577 79,560
382,352 122,347
CREDITORS
Amounts falling due within one year 6 128,826 153,143
NET CURRENT ASSETS/(LIABILITIES) 253,526 (30,796 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

288,837

17,624

CREDITORS
Amounts falling due after more than one
year

7

-

(2,208

)

PROVISIONS FOR LIABILITIES (8,998 ) (12,105 )
NET ASSETS 279,839 3,311

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 279,835 3,307
279,839 3,311

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 ASSOCIATES LIMITED (REGISTERED NUMBER: 09686790)

BALANCE SHEET - continued
31 MAY 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 19 February 2025 and were signed on its behalf by:





Ms J Lodge - Director


TV ASSOCIATES LIMITED (REGISTERED NUMBER: 09686790)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

TV Associates 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 represents the fair value of business affairs advice provided during the year on client assignments. Turnover is recognised when the contract activities progress and the right to consideration is earned. Fair value reflects the amounts expected to be recoverable from clients and is based on time spent, skills and expertise provided and expenses incurred.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended my management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

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


TV ASSOCIATES LIMITED (REGISTERED NUMBER: 09686790)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

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

TV ASSOCIATES LIMITED (REGISTERED NUMBER: 09686790)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 74,925
Additions 192
Disposals (6,019 )
At 31 May 2024 69,098
DEPRECIATION
At 1 June 2023 26,505
Charge for year 11,994
Eliminated on disposal (4,712 )
At 31 May 2024 33,787
NET BOOK VALUE
At 31 May 2024 35,311
At 31 May 2023 48,420

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 48,078 42,787
Other debtors 236,923 -
285,001 42,787

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,007 27,166
Taxation and social security 122,676 92,846
Other creditors 3,143 33,131
128,826 153,143

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Trade creditors - 2,208

TV ASSOCIATES LIMITED (REGISTERED NUMBER: 09686790)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
S Vyvyan
Balance outstanding at start of year (7,814 ) (475 )
Amounts advanced 149,629 8,000
Amounts repaid (312 ) (15,339 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 141,503 (7,814 )

Ms J Lodge
Balance outstanding at start of year (22,315 ) (7,476 )
Amounts advanced 136,776 473
Amounts repaid (21,077 ) (15,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 93,384 (22,315 )

Loans (from) the directors to the company are interest free and repayable on demand.

Loans to the directors from the company are repayable on demand and interest is charged at the HMRC approved rate.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
TV ASSOCIATES LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of TV Associates Limited for the year ended 31 May 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of TV Associates Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of TV Associates Limited and state those matters that we have agreed to state to the Board of Directors of TV Associates Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TV Associates Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that TV Associates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of TV Associates Limited. You consider that TV Associates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of TV Associates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Rothmans LLP
Avebury House
St Peter Street
Winchester
Hampshire
SO23 8BN


26 February 2025