ESC (TV) LIMITED
Registered number: 01066646
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 11,464 -
Tangible assets 4 30,866 23,350
42,330 23,350
Current assets
Stocks 29,000 29,000
Debtors 5 18,000 41,791
Cash at bank and in hand 66,594 17,365
113,594 88,156
Creditors: amounts falling due within one year 6 (74,186) (23,037)
Net current assets 39,408 65,119
Total assets less current liabilities 81,738 88,469
Creditors: amounts falling due after more than one year 7 (5,383) (19,499)
Net assets 76,355 68,970
Capital and reserves
Called up share capital 10,002 10,002
Profit and loss account 66,353 58,968
Shareholders' funds 76,355 68,970
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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 G Higgins
Director
Approved by the board on 17 June 2025
ESC (TV) LIMITED
Notes to the Accounts
for the year ended 31 March 2025
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 received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures & Fittings 10% reducing balance
Motor vehicles 25% reducing balance
Computer Equipment 25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 6 7
3 Intangible fixed assets £
Goodwill:
Cost
Additions 12,261
At 31 March 2025 12,261
Amortisation
Provided during the year 797
At 31 March 2025 797
Net book value
At 31 March 2025 11,464
Goodwill is being written off in equal annual instalments over its estimated economic life of 16 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2024 141,625 59,465 201,090
Additions - 15,351 15,351
At 31 March 2025 141,625 74,816 216,441
Depreciation
At 1 April 2024 127,296 50,444 177,740
Charge for the year 1,742 6,093 7,835
At 31 March 2025 129,038 56,537 185,575
Net book value
At 31 March 2025 12,587 18,279 30,866
At 31 March 2024 14,329 9,021 23,350
5 Debtors 2025 2024
£ £
Trade debtors 18,000 17,791
Other debtors - 24,000
18,000 41,791
6 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 16,989 11,000
Corporation tax 411 -
Other taxes and social security costs 1,621 7,871
Other creditors 55,165 4,166
74,186 23,037
7 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 5,383 19,499
8 Other information
ESC (TV) LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
58 Cavendish Street
Keighley
BD21 3RL
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