Company No: 04022302 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Intangible assets	3	52		118
Tangible assets	4	0		232
		52		350
Current assets
Debtors	5	59,481		110,886
Cash at bank and in hand		9,570		52,018
		69,051		162,904
Creditors: amounts falling due within one year	6	( 26,202)		( 24,943)
Net current assets		42,849		137,961
Total assets less current liabilities		42,901		138,311
Provision for liabilities		0		( 59)
Net assets		42,901		138,252
Capital and reserves
Called-up share capital	7	1,188		1,188
Share premium account		113,169		113,169
Profit and loss account		( 71,456 )		23,895
Total shareholders' funds		42,901		138,252

For the financial year ending 30 November 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Advanced Television Limited (registered number: 04022302) were approved and authorised for issue by the Director on 03 September 2025. They were signed on its behalf by:

Mr N I Snow Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Advanced Television Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 264 Banbury Road, Oxford, OX2 7DY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements, and has concluded that the Company has adequate resources to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, the director has continued to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement 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.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Trademarks, patents and licences

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Computer equipment

3 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	3		3

3. Intangible assets

	Trademarks, patents and licences		Total
	£		£
Cost
At 01 December 2023	27,034		27,034
At 30 November 2024	27,034		27,034
Accumulated amortisation
At 01 December 2023	26,916		26,916
Charge for the financial year	66		66
At 30 November 2024	26,982		26,982
Net book value
At 30 November 2024	52		52
At 30 November 2023	118		118

4. Tangible assets

	Computer equipment		Total
	£		£
Cost
At 01 December 2023	1,480		1,480
Disposals	( 333)		( 333)
At 30 November 2024	1,147		1,147
Accumulated depreciation
At 01 December 2023	1,248		1,248
Charge for the financial year	232		232
Disposals	( 333)		( 333)
At 30 November 2024	1,147		1,147
Net book value
At 30 November 2024	0		0
At 30 November 2023	232		232

5. Debtors

	2024		2023
	£		£
Trade debtors	53,219		91,916
Corporation tax	5,618		5,618
Other debtors	644		13,352
	59,481		110,886

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	8,895		12,754
Other taxation and social security	6,506		8,380
Other creditors	10,801		3,809
	26,202		24,943

7. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
8,905 A ordinary shares of £ 0.10 each	890.50		890.50
2,966 B ordinary shares of £ 0.10 each	296.60		296.60
	1,187.10		1,187.10

8. Financial commitments

Commitments

	2024		2023
	£		£
Total future minimum lease payments under non-cancellable operating lease	1,980		1,980

9. Related party transactions

Transactions with the entity's director

	2024		2023
	£		£
Amount owed by the director	0		12,706
Amount owed to the director	7,150		0

There is no fixed date for repayment, other than it is repayable on demand.

10. Events after the Balance Sheet date

On 26 August 2025, the company by special resolution reduced the share premium account to Nil by transferring the balance of £113,169 to the profit and loss account.