1 January 2024 false No description of principal activity Taxfiler 2024.6 NI642528business:PrivateLimitedCompanyLtd2024-01-012024-12-31 NI6425282023-12-31 NI6425282024-01-012024-12-31 NI642528business:AuditExemptWithAccountantsReport2024-01-012024-12-31 NI642528business:FilletedAccounts2024-01-012024-12-31 NI6425282024-12-31 NI642528business:Director12024-01-012024-12-31 NI642528business:RegisteredOffice2024-01-012024-12-31 NI6425282023-12-31 NI642528core:WithinOneYear2024-12-31 NI642528core:WithinOneYear2023-12-31 NI642528core:AfterOneYear2024-12-31 NI642528core:AfterOneYear2023-12-31 NI642528core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 NI642528core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 NI642528core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 NI642528core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 NI642528core:PreviouslyStatedAmount2024-12-31 NI642528core:PreviouslyStatedAmount2023-12-31 NI642528business:SmallEntities2024-01-012024-12-31 NI642528countries:NorthernIreland2024-01-012024-12-31 NI642528core:ComputerEquipment2024-01-012024-12-31 NI642528core:MotorVehicles2023-12-31 NI642528core:FurnitureFittings2023-12-31 NI642528core:ComputerEquipment2023-12-31 NI642528core:MotorVehicles2024-01-012024-12-31 NI642528core:FurnitureFittings2024-01-012024-12-31 NI642528core:MotorVehicles2024-12-31 NI642528core:FurnitureFittings2024-12-31 NI642528core:ComputerEquipment2024-12-31 NI6425282023-01-012023-12-31 iso4217:GBP xbrli:pure
Company Registration No. NI642528 (Northern Ireland)
Michael Foster TV Ltd Unaudited accounts for the year ended 31 December 2024
Michael Foster TV Ltd Unaudited accounts Contents
Page
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Michael Foster TV Ltd Company Information for the year ended 31 December 2024
Director
Michael Brian Foster
Company Number
NI642528 (Northern Ireland)
Registered Office
10 High Street Holywood Down BT18 9AZ
Accountants
Nuvem 9 Ltd The Mount Business Centre Woodstock Link Belfast County Antrim BT6 8DD
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Michael Foster TV Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
31,813 
41,988 
Current assets
Debtors
(6,611)
10,121 
Cash at bank and in hand
19,040 
5,545 
12,429 
15,666 
Creditors: amounts falling due within one year
(8,055)
(24,260)
Net current assets/(liabilities)
4,374 
(8,594)
Total assets less current liabilities
36,187 
33,394 
Creditors: amounts falling due after more than one year
(24,070)
(30,676)
Net assets
12,117 
2,718 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
12,116 
2,717 
Shareholders' funds
12,117 
2,718 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 May 2025 and were signed on its behalf by
Michael Brian Foster Director Company Registration No. NI642528
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Michael Foster TV Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Michael Foster TV Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI642528. The registered office is 10 High Street, Holywood, Down, BT18 9AZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years straight line
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
48,299 
1,041 
2,445 
51,785 
Additions
- 
- 
600 
600 
At 31 December 2024
48,299 
1,041 
3,045 
52,385 
Depreciation
At 1 January 2024
8,850 
523 
424 
9,797 
Charge for the year
9,659 
208 
908 
10,775 
At 31 December 2024
18,509 
731 
1,332 
20,572 
Net book value
At 31 December 2024
29,790 
310 
1,713 
31,813 
At 31 December 2023
39,449 
518 
2,021 
41,988 
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Michael Foster TV Ltd Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
(6,368)
6,180 
Trade debtors
- 
3,910 
Other debtors
(243)
31 
(6,611)
10,121 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,130 
2,130 
Taxes and social security
2,255 
- 
Other creditors
2,804 
4,331 
Loans from directors
366 
17,799 
Accruals
500 
- 
8,055 
24,260 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
24,070 
3,204 
Other creditors
- 
27,472 
24,070 
30,676 
8
Average number of employees
During the year the average number of employees was 2 (2023: 1).
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