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REGISTERED NUMBER: 07223617 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

TVG LLANDYSUL LIMITED

TVG LLANDYSUL LIMITED (REGISTERED NUMBER: 07223617)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


TVG LLANDYSUL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mrs S A Price Jones
Mr R Price Jones





REGISTERED OFFICE: TVG Llandysul Ltd
Pencader Road
Pontwelly
Llandysul
SA44 4AE





REGISTERED NUMBER: 07223617 (England and Wales)

TVG LLANDYSUL LIMITED (REGISTERED NUMBER: 07223617)

ABRIDGED BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Intangible assets 4 235,000 235,000
Tangible assets 5 76,871 73,646
311,871 308,646

CURRENT ASSETS
Stocks 65,159 62,056
Debtors 232,904 240,890
Cash at bank 153,829 162,777
451,892 465,723
CREDITORS
Amounts falling due within one year 228,853 250,859
NET CURRENT ASSETS 223,039 214,864
TOTAL ASSETS LESS CURRENT
LIABILITIES

534,910

523,510

CREDITORS
Amounts falling due after more than one
year

80,091

117,258
NET ASSETS 454,819 406,252

CAPITAL AND RESERVES
Called up share capital 1,040 1,040
Retained earnings 453,779 405,212
SHAREHOLDERS' FUNDS 454,819 406,252

TVG LLANDYSUL LIMITED (REGISTERED NUMBER: 07223617)

ABRIDGED BALANCE SHEET - continued
31ST MARCH 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

All the members have consented to the preparation of an abridged Profit and loss and an abridged Balance Sheet for the year ended 31st March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16th July 2025 and were signed on its behalf by:





Mrs S A Price Jones - Director


TVG LLANDYSUL LIMITED (REGISTERED NUMBER: 07223617)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

TVG Llandysul 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 2013, was being amortised evenly over its estimated useful life of ten years. However, the directors believe that goodwill has a residual value of £235,000 and therefore there was no amortisation in this period.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% 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.


TVG LLANDYSUL LIMITED (REGISTERED NUMBER: 07223617)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss, 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.

Going concern basis of accounting
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern, which the directors consider appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£
COST
At 1st April 2023
and 31st March 2024 337,688
AMORTISATION
At 1st April 2023
and 31st March 2024 102,688
NET BOOK VALUE

At 31st March 2024 235,000
At 31st March 2023 235,000

TVG LLANDYSUL LIMITED (REGISTERED NUMBER: 07223617)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

5. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1st April 2023 283,250
Additions 22,855
At 31st March 2024 306,105
DEPRECIATION
At 1st April 2023 209,604
Charge for year 19,630
At 31st March 2024 229,234
NET BOOK VALUE
At 31st March 2024 76,871
At 31st March 2023 73,646