| TV Tomorrow UK Limited |
| Registered number: 08689177 |
| Balance Sheet |
| as at 30 September 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
| £ |
£ |
£ |
£ |
| Current assets |
| Debtors |
5 |
|
8,466 |
|
|
21,194 |
| Cash at bank and in hand |
|
|
1,771 |
|
|
4,531 |
|
|
|
10,237 |
|
|
25,725 |
|
| Creditors: amounts falling due within one year |
6 |
|
(12,570) |
|
|
(21,336) |
|
| Net current (liabilities)/assets |
|
|
|
(2,333) |
|
|
4,389 |
|
| Total assets less current liabilities |
|
|
|
(2,333) |
|
|
4,389 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(411,615) |
|
|
(256,567) |
|
| Net liabilities |
|
|
|
(413,948) |
|
|
(252,178) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
(413,949) |
|
|
(252,179) |
|
| Shareholder's funds - Deficit |
|
|
|
(413,948) |
|
|
(252,178) |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Mr. Timothy Horan |
| Director |
| Approved by the board on 5 June 2025 |
|
| TV Tomorrow UK Limited |
| Notes to the Accounts |
| for the year ended 30 September 2024 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration receivable. Turnover includes revenue earned from the rendering of media consultancy services. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Office equipment |
33.33% straight line |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
|
|
Going concern |
|
The accounts have been prepared on the going concern basis on the understanding that the shareholder will continue to provide financial support to the company as required. |
|
|
| 2 |
Tax on loss |
2024 |
|
2023 |
| £ |
£ |
|
|
Current year charge |
- |
|
- |
|
Repayment supplement interest |
- |
|
(117) |
|
|
|
|
|
|
|
- |
|
(117) |
|
|
|
|
|
|
|
|
|
|
| 3 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Office equipment |
| £ |
|
Cost |
|
At 1 October 2023 |
2,974 |
|
At 30 September 2024 |
2,974 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2023 |
2,974 |
|
At 30 September 2024 |
2,974 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2024 |
- |
|
|
| 5 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade debtors |
5,000 |
|
19,691 |
|
Other debtors |
3,466 |
|
1,503 |
|
|
|
|
|
|
8,466 |
|
21,194 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Loan - Horan Pension Trust [Note 7 (i)] |
- |
|
4,268 |
|
Taxation and social security costs |
747 |
|
3,701 |
|
Other creditors |
11,823 |
|
13,367 |
|
|
|
|
|
|
12,570 |
|
21,336 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Loan - Horan Pension Trust (i) |
- |
|
13,588 |
|
Director's loan account (ii) |
|
411,615 |
|
242,979 |
|
|
|
|
|
|
411,615 |
|
256,567 |
|
|
|
|
|
|
|
|
|
| (i) |
The loan from the Horan Pension Trust, which was unsecured and bore interest at 3%, was repaid during the year. |
|
| (ii) |
The director's loan is unsecured and interest free and has no specified repayment date. |
|
|
| 8 |
Other information |
|
|
TV Tomorrow UK Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Suite 2a, 7th Floor - PF |
|
City Reach |
|
5 Greenwich View Place |
|
London |
|
E14 9NN |