Company registration number: 06371595
Unaudited financial statements
for the year ended 31 December 2024
for
Television South West Limited
Pages for filing with the Registrar
Company registration number: 06371595
Television South West Limited
Balance sheet
as at 31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 4 35,330 42,396
Tangible assets 5 17,586 17,794
52,916 60,190
Current assets
Debtors 18,980 (25,277)
Cash at bank and in hand 62,472 71,365
81,452 46,088
Creditors: amounts falling due within one
year 		(50,348) (16,549)
Net current assets 31,104 29,539
Total assets less current liabilities 84,020 89,729
Creditors: Amounts falling due after more
than one year 		- (11,555)
Provisions for liabilities (116) -
NET ASSETS 83,904 78,174
Capital and reserves
Called up share capital 78,082 78,082
Profit and loss account 5,822 92
TOTAL EQUITY 83,904 78,174
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 06371595
Television South West Limited
Balance sheet - continued
as at 31 December 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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 28 August 2025 and signed on its behalf by:
Mr D Mason, Director
28 August 2025
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Television South West Limited
Notes to the financial statements
for the year ended 31 December 2024
1 Company information
Television South West Limited is a private company registered in England and Wales. Its registered number is 06371595. The company is limited by shares. Its registered office is 60 Bloomfield Drive, Bath, Avon, BA2 2BG.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
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.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Goodwill - 10% straight line
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Freehold property - 0% reducing balance
Plant and machinery etc.:
Fixtures & fittings - 25% straight line
Computer equipment - 25% straight line
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Television South West Limited
Notes to the financial statements - continued
for the year ended 31 December 2024
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 2 (2023 - 2).
4 Intangible assets
Goodwill
£
Cost
At 1 January 2024 70,660
At 31 December 2024 70,660
Amortisation
At 1 January 2024 28,264
Charge for year 7,066
At 31 December 2024 35,330
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Television South West Limited
Notes to the financial statements - continued
for the year ended 31 December 2024
4 Intangible assets - continued
Net book value
At 31 December 2024 35,330
At 31 December 2023 42,396
5 Tangible fixed assets
Land and
buildings 		Plant and
machinery
etc. 		Totals
£ £ £
Cost
At 1 January 2024 17,586 1,293 18,879
At 31 December 2024 17,586 1,293 18,879
Depreciation
At 1 January 2024 - 1,085 1,085
Charge for year - 208 208
At 31 December 2024 - 1,293 1,293
Net book value
At 31 December 2024 17,586 - 17,586
At 31 December 2023 17,586 208 17,794
6 Advances, credit and guarantees granted to directors
The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023.
2024 2023
£ £
Ms J Hayball
Amounts advanced 4,600 -
Amounts repaid (4,600) -
Balance outstanding at end of year - -
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Television South West Limited
Notes to the financial statements - continued
for the year ended 31 December 2024
6 Advances, credit and guarantees granted to directors - continued
2024 2023
£ £
Mr D Mason
Amounts advanced 14,000 -
Amounts repaid (14,000) -
Balance outstanding at end of year - -
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