Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

Jonathan Thompson
Eric Mitchell

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
29 September 2025

And signed on behalf of the board by:
Name: Eric Mitchell
Status: Secretary

Profit And Loss Account

for the Period Ended 31 December 2024

	2024	2023
	£	£
Turnover:	24,233,000	23,938,000
Cost of sales:	( 17,398,000 )	( 18,968,000 )
Gross profit(or loss):	6,835,000	4,970,000
Administrative expenses:	( 6,434,000 )	( 4,604,000 )
Operating profit(or loss):	401,000	366,000
Interest receivable and similar income:		3,000
Interest payable and similar charges:	( 74,000 )	( 67,000 )
Profit(or loss) before tax:	327,000	302,000
Tax:	0	0
Profit(or loss) for the financial year:	327,000	302,000

Balance sheet

As at 31 December 2024

	Notes	2024	2023
		£	£
Called up share capital not paid:		0	0
Fixed assets
Tangible assets:	3	1,366,000	1,881,000
Total fixed assets:		1,366,000	1,881,000
Current assets
Stocks:	4	5,478,000	4,266,000
Debtors:	5	11,807,000	6,443,000
Cash at bank and in hand:		1,113,000	3,077,000
Total current assets:		18,398,000	13,786,000
Creditors: amounts falling due within one year:	6	( 16,559,000 )	( 12,789,000 )
Net current assets (liabilities):		1,839,000	997,000
Total assets less current liabilities:		3,205,000	2,878,000
Total net assets (liabilities):		3,205,000	2,878,000
Capital and reserves
Called up share capital:		102	102
Share premium account:		46,227,898	46,227,898
Profit and loss account:		(43,023,000 )	(43,350,000 )
Total Shareholders' funds:		3,205,000	2,878,000

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

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 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2024

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Turnover, which is stated net of value added tax, represents annual subscription fees, registration fees, sales of goods, product development, support fees and maintenance invoiced to broadcasters. Annual subscription fees are invoiced in advance of the subscription period. Where the Company has a right to invoice customers in advance, a receivable is recognised to the extent the Company has an enforceable right to collect the advance, together with deferred income and refundable advances for the non-refundable portion and refundable portions respectively. Turnover from the sale of goods are recognised when the goods are delivered to the customer. Turnover from product development fees are recognised based on project milestones achieved. Turnover from support and maintenance contracts are recognised over the term of the contract. Other income represents a non-repayable loan from Everyone TV Devices’ parent company, Everyone TV Platforms. The operations of the Company, to the extent they are not funded through external sales, are provided for by the parent company.

  Tangible fixed assets depreciation policy

  Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided to write off the cost less the estimated residual value of tangible fixed assets by equal instalments over their estimated useful economic lives as follows: Leasehold improvements - life of lease or useful economic life of assets, if shorter Plant and machinery - over 3 to 5 years Fixtures, fittings, tools and equipment - over 4 years

  Valuation information and policy

  Stocks of Freesat Set-top box (STB) receivers are stated at the lower of cost and net realisable value. Cost includes all direct costs in bringing the stocks to their present location and condition. Net realisable value is based on estimated selling price less any further cost expected to be incurred on disposal. Inventory measurement write-downs provide for inventory risks from slow moving goods and the resulting decrease in their recoverability. Finished goods are measured based on the net realisable value through the Company’s own sales channels.

Notes to the Financial Statements

for the Period Ended 31 December 2024

• 2. Employees

  	2024	2023
  Average number of employees during the period	0	0