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REGISTERED NUMBER: 07825438 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Periodic Videos Ltd

Periodic Videos Ltd (Registered number: 07825438)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Periodic Videos Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mr B J Haran
Ms K A Pentelow





REGISTERED OFFICE: Cliffe Hill House
22 - 26 Nottingham Road
Stapleford
Nottingham
Nottinghamshire
NG9 8AA





REGISTERED NUMBER: 07825438 (England and Wales)





ACCOUNTANTS: TC Group
Cliffe Hill House
22-26 Nottingham Road
Stapleford
Nottingham
NG9 8AA

Periodic Videos Ltd (Registered number: 07825438)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 14,553 16,394
Investment property 6 1,028,360 1,028,360
1,042,913 1,044,754

CURRENT ASSETS
Debtors 7 261,759 121,047
Cash at bank 1,056,525 962,946
1,318,284 1,083,993
CREDITORS
Amounts falling due within one year 8 163,925 91,850
NET CURRENT ASSETS 1,154,359 992,143
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,197,272

2,036,897

PROVISIONS FOR LIABILITIES 3,638 3,692
NET ASSETS 2,193,634 2,033,205

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,193,534 2,033,105
SHAREHOLDERS' FUNDS 2,193,634 2,033,205

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

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

Periodic Videos Ltd (Registered number: 07825438)

Balance Sheet - continued
31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2025 and were signed on its behalf by:





Mr B J Haran - Director


Periodic Videos Ltd (Registered number: 07825438)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Periodic Videos Ltd 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.

Where the company has partially performed its contractual obligations, it recognises revenue to the extent that it has obtained the right to consideration through its performance.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

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 etc - 25% on reducing balance

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Investment property
Investment property is included at the open market value of each property as estimated by the Directors as at the Balance Sheet date. The surplus or deficit arising from revaluation is recognised in the Statement of Income and Retained Earnings.

No depreciation is provided on Investment property.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Periodic Videos Ltd (Registered number: 07825438)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued
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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 100,000
AMORTISATION
At 1 November 2023
and 31 October 2024 100,000
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

Periodic Videos Ltd (Registered number: 07825438)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 111,456
Additions 4,232
At 31 October 2024 115,688
DEPRECIATION
At 1 November 2023 95,062
Charge for year 6,073
At 31 October 2024 101,135
NET BOOK VALUE
At 31 October 2024 14,553
At 31 October 2023 16,394

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023
and 31 October 2024 1,028,360
NET BOOK VALUE
At 31 October 2024 1,028,360
At 31 October 2023 1,028,360

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 45,552 10,234
Other debtors 216,207 110,813
261,759 121,047

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 32,224 21,274
Taxation and social security 128,038 66,809
Other creditors 3,663 3,767
163,925 91,850

Periodic Videos Ltd (Registered number: 07825438)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

31.10.24 31.10.23
£    £   
Mr B J Haran and Ms K A Pentelow
Balance outstanding at start of year 78,096 38,181
Amounts advanced 269,559 224,210
Amounts repaid (154,146 ) (184,295 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 193,509 78,096