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REGISTERED NUMBER: 05848347 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Television House Ltd

Television House Ltd (Registered number: 05848347)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Television House Ltd (Registered number: 05848347)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 24,500 36,750
Tangible assets 5 85,395 88,871
109,895 125,621

CURRENT ASSETS
Stocks 315,000 350,000
Debtors 6 45,450 62,136
Cash at bank and in hand 6,846 6,337
367,296 418,473
CREDITORS
Amounts falling due within one year 7 105,827 152,979
NET CURRENT ASSETS 261,469 265,494
TOTAL ASSETS LESS CURRENT
LIABILITIES

371,364

391,115

CREDITORS
Amounts falling due after more than one
year

8

(23,652

)

(39,634

)

PROVISIONS FOR LIABILITIES (1,679 ) (1,323 )
NET ASSETS 346,033 350,158

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 346,031 350,156
SHAREHOLDERS' FUNDS 346,033 350,158

Television House Ltd (Registered number: 05848347)

Balance Sheet - continued
31 July 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 20 March 2025 and were signed on its behalf by:




N W Wilkinson - Director



M R Wilkinson - Director


Television House Ltd (Registered number: 05848347)

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

1. STATUTORY INFORMATION

Television House Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05848347

Registered office: 19 Market Place
Pickering
North Yorkshire
YO18 7AE

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

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.

Website and development is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on cost
Television Sets on Rental - 20% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Television House Ltd (Registered number: 05848347)

Notes to the Financial Statements - continued
for the Year Ended 31 July 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Website
and
Goodwill development Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 245,000 3,609 248,609
AMORTISATION
At 1 August 2023 208,250 3,609 211,859
Amortisation for year 12,250 - 12,250
At 31 July 2024 220,500 3,609 224,109
NET BOOK VALUE
At 31 July 2024 24,500 - 24,500
At 31 July 2023 36,750 - 36,750

Television House Ltd (Registered number: 05848347)

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

5. TANGIBLE FIXED ASSETS
Improvements Television Fixtures
to Sets on and
property Rental fittings
£    £    £   
COST
At 1 August 2023
and 31 July 2024 93,327 3,203 18,363
DEPRECIATION
At 1 August 2023 12,845 3,203 13,488
Charge for year 1,866 - 731
At 31 July 2024 14,711 3,203 14,219
NET BOOK VALUE
At 31 July 2024 78,616 - 4,144
At 31 July 2023 80,482 - 4,875

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 17,030 1,372 133,295
DEPRECIATION
At 1 August 2023 13,516 1,372 44,424
Charge for year 879 - 3,476
At 31 July 2024 14,395 1,372 47,900
NET BOOK VALUE
At 31 July 2024 2,635 - 85,395
At 31 July 2023 3,514 - 88,871

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 12,672 19,589
Extended Sales 24,321 36,692
Other debtors - 84
Directors' current accounts 3,480 -
Prepayments and accrued income 4,977 5,771
45,450 62,136

Television House Ltd (Registered number: 05848347)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 20,051 43,715
Other loans 2,000 22,000
Natwest BBL 2,907 5,147
Trade creditors 30,478 50,112
Tax 27,332 23,945
VAT 15,269 -
Rentals In Advance 794 650
Directors' current accounts 3,106 3,776
Accrued expenses 3,890 3,634
105,827 152,979

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans - 1-2 years 17,267 15,495
Bank loans - 2-5 years 6,385 24,139
23,652 39,634

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bank overdrafts 2,784 28,220
Bank loans 40,919 55,129
43,703 83,349

There is a legal charge in favour of National Westminster Bank Plc in respect of all the Company's liabilities of any kind and in any currency (whether present or future actual or contingent and whether incurred alone or jointly with another) including banking charges, commission, interest, costs and expenses.

10. RELATED PARTY DISCLOSURES

Establishment costs include rent of £30,000 paid to Mr M R Wilkinson and Mr N W Wilkinson in respect of the shop premises.

11. ULTIMATE CONTROLLING PARTY

The share capital of the company is owned equally by the directors, Mr M R Wilkinson & Mr N W Wilkinson and therefore there is no controlling party.