ACCOUNTS - Final Accounts preparation

Creditors: Amounts falling due within one year

As restated

Registered number: 04000533

TELEVIC UK LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

TELEVIC UK LIMITED

COMPANY INFORMATION

Directors	L Danneels
	T Verstraeten


Registered number	04000533


Registered office	5th Floor, Thames Tower
	Station Road
	Reading
	Berkshire
	RG1 1LX


Independent auditors	BW Audit Ltd
	Chartered Accountants & Statutory Auditors
	Berry & Warren
	54 Thorpe Road
	Norwich
	NR1 1RY

TELEVIC UK LIMITED

CONTENTS

	Page
Balance Sheet	1 - 2
Notes to the Financial Statements	3 - 7

TELEVIC UK LIMITED

REGISTERED NUMBER: 04000533

BALANCE SHEET

AS AT 31 DECEMBER 2023

		As restated
	2023	2022
Note	£	£

Fixed assets
Tangible assets	4		383		511
			383		511
Current assets
Debtors: amounts falling due within one year	5	71,009		41,603
Cash at bank and in hand	6	404,709		371,381
		475,718		412,984
Creditors: amounts falling due within one year	7	(98,882)		(57,929)
Net current assets			376,836		355,055
Total assets less current liabilities			377,219		355,566

Net assets			377,219		355,566

Capital and reserves
Called up share capital	126,494	126,494
Profit and loss account	250,725	229,072
	377,219	355,566

Page 1

TELEVIC UK LIMITED

REGISTERED NUMBER: 04000533

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2023

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

L Danneels

Director

Date: 11 September 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

TELEVIC UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

1.	General information

Televic UK Limited is a private company limited by shares and registered in England and Wales, registration number 04000533. The registered office is 5th Floor, Thames Tower, Station Road, Reading, Berkshire RG1 1LX.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the company has transferred the significant risks and rewards of ownership to the buyer;

∙the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

TELEVIC UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

2.3

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment

25%

reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

TELEVIC UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.9

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Employees

The average monthly number of employees, including directors, during the year was 6 (2022 - 6).

Page 5

TELEVIC UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

4.	Tangible fixed assets

		Office equipment
		£
	Cost or valuation
	At 1 January 2023	22,726
	At 31 December 2023	22,726
	Depreciation
	At 1 January 2023	22,215
	Charge for the year on owned assets	128
	At 31 December 2023	22,343
	Net book value
	At 31 December 2023	383
	At 31 December 2022	511

Debtors

					2023	2022
					£	£


Trade debtors	60,965	40,968
Other debtors	294	-
Prepayments and accrued income	9,750	635
	71,009	41,603

6.	Cash and cash equivalents
		2023	2022
		£	£

Cash at bank and in hand	404,709	371,381
	404,709	371,381

Page 6

TELEVIC UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

Trade creditors	57,727	11,934
Corporation tax	6,497	8,175
Other taxation and social security	19,278	20,926
Accruals and deferred income	15,380	16,894
	98,882	57,929

8.	Prior year adjustment

A prior year adjustment has been made to the financial statements to remove a historical creditor balance amounting to £111,599 which is not a liability of the Company.

9.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £6,896 (2022 - £6,850). Contributions totalling £1,243 (2022 - £nil) were payable to the fund at the balance sheet date and are included in creditors.

10.	Related party transactions
	The company has taken advantage of the exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions between wholly owned members of a group.

11.	Controlling party

The immediate parent company is Televic Group NV a company incorporated in Belgium.
The ultimate parent company and controlling party is Danver NV, a company incorporated in Belgium and is the smallest and largest group to consolidate these financial statements. Copies of Danver NV consolidated financial statements can be obtained from Televic HQ, Leo Bekaertlaan 1, 8870 Izegem, Belgium.

12.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 15 September 2025 by Joanne Fox BA FCA (Senior Statutory Auditor) on behalf of BW Audit Ltd.

Page 7