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REGISTERED NUMBER: 03075886 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Television Communications Limited

Television Communications Limited (Registered number: 03075886)






Contents of the Financial Statements
for the year ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Television Communications Limited

Company Information
for the year ended 30 June 2024







DIRECTORS: S Ward
M Collins





SECRETARY: Wilshers Associates





REGISTERED OFFICE: 10-11 Heathfield Terrace
London
W4 4JE





REGISTERED NUMBER: 03075886 (England and Wales)





ACCOUNTANTS: WILSHERS DEJ
10-11 Heathfield Terrace
London
W4 4JE

Television Communications Limited (Registered number: 03075886)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,334,135 389,613
Investments 5 109,826 109,826
1,443,961 499,439

CURRENT ASSETS
Debtors 6 1,107,700 1,557,166
Cash at bank and in hand 277,826 394,679
1,385,526 1,951,845
CREDITORS
Amounts falling due within one year 7 561,954 644,008
NET CURRENT ASSETS 823,572 1,307,837
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,267,533

1,807,276

CREDITORS
Amounts falling due after more than one
year

8

712,656

634,307
NET ASSETS 1,554,877 1,172,969

CAPITAL AND RESERVES
Called up share capital 1,333 1,333
Retained earnings 1,553,544 1,171,636
SHAREHOLDERS' FUNDS 1,554,877 1,172,969

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Television Communications Limited (Registered number: 03075886)

Balance Sheet - continued
30 June 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 15 August 2024 and were signed on its behalf by:





M Collins - Director


Television Communications Limited (Registered number: 03075886)

Notes to the Financial Statements
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Television Communications 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.

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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Long leasehold - 20% on cost
Plant and machinery - 33% on reducing balance
Fixtures and fittings - 20% on reducing balance
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Television Communications Limited (Registered number: 03075886)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 137,138 655,502 977,962 474,567 2,245,169
Additions - - - 1,061,677 1,061,677
At 30 June 2024 137,138 655,502 977,962 1,536,244 3,306,846
DEPRECIATION
At 1 July 2023 137,138 573,619 806,872 337,927 1,855,556
Charge for year - 27,022 34,218 55,915 117,155
At 30 June 2024 137,138 600,641 841,090 393,842 1,972,711
NET BOOK VALUE
At 30 June 2024 - 54,861 136,872 1,142,402 1,334,135
At 30 June 2023 - 81,883 171,090 136,640 389,613

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Plant and
machinery
£   
COST
At 1 July 2023
and 30 June 2024 63,994
DEPRECIATION
At 1 July 2023 44,665
Charge for year 6,379
At 30 June 2024 51,044
NET BOOK VALUE
At 30 June 2024 12,950
At 30 June 2023 19,329

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Narrowboat 109,826 109,826

Television Communications Limited (Registered number: 03075886)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Other debtors 574,663 529,066

Amounts falling due after more than one year:
Trade debtors 219,345 -
Amounts owed by group undertakings 285,592 1,000,000
Amounts owed by associates 28,100 28,100
533,037 1,028,100

Aggregate amounts 1,107,700 1,557,166

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 215,656 289,373
Trade creditors 138,762 227,757
Taxation and social security 67,609 65,090
Other creditors 139,927 61,788
561,954 644,008

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Amounts owed to group undertakings - 629,549
Amounts owed to associates 712,656 -
Other creditors - 4,758
712,656 634,307