Global TV Experts Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 12091826 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Global TV Experts Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr B D Wilcockson

Mr A Shorts

REGISTERED OFFICE:

5 Bede House

17 Saxon Close

Surbiton

Surrey

KT6 6BP

BUSINESS ADDRESS:

1 Bat Gardens

Kingston upon Thames

Surrrey

KT2 5FS

REGISTERED NUMBER:

12091826 (England and Wales)

FIXED ASSETS

Tangible assets

4

5,226

3,272

Investments

5

2,355,343

2,290,016

2,360,569

2,293,288

CURRENT ASSETS

Debtors

6

1,175,472

559,590

Prepayments and accrued income

1,277,554

-

Cash at bank

1,736,544

1,520,068

4,189,570

2,079,658

CREDITORS

Amounts falling due within one year

7

(375,489

)

366,300

NET CURRENT ASSETS

4,565,059

1,713,358

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,925,628

4,006,646

ACCRUALS AND DEFERRED INCOME

3,389,012

-

NET ASSETS

3,536,616

4,006,646

CAPITAL AND RESERVES

Called up share capital

111

100

Retained earnings

3,536,505

4,006,546

SHAREHOLDERS' FUNDS

3,536,616

4,006,646

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 Income Statement has not been delivered.

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

Mr B D Wilcockson - Director

1.	STATUTORY INFORMATION

Global TV Experts 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

Basis of preparation

This policy is prepared in accordance with the the applicable provisions of FRS 102, particularly Section 23 (Revenue], and reflects UK Generally Accepted Accounting Policies (UK GAAP).

Recognition of Deferred Revenue

Revenue is recognised when the entity has transferred the significant risks and rewards of ownership to the customer and when it is probable that economic benefits will flow to the entity. Where consideration is received in advance of meeting these criteria, the amount is recorded as deferred revenue.

Deferred revenue represents amounts received in advance of the performance of contractual obligations. These amounts are classified as a liability until such time as the service is rendered, at which point the revenue is recognised.

Deferred revenue is measured at fair value of the consideration received or receivable. Revenue is subsequently recognised on a systemic basis over the period in which the performance of obligations are satisfied.

Deferred revenue is reported within current liabilities [and within current assets where there are deferred prepayments] unless the services extends beyond twelve months, in which case the relevant portion is classified as non-current liabilities.

Changes in accounting policies

During the year there was a change in accounting policy in respect of Deferred Revenue recognition.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on reducing balance

Financial instruments

The company has invested in an insurance bond which is disclosed on its balance sheet under the fair value accounting rules. On each balance sheet date the insurance bond is revalued to its market value on that date and the unrealized gain or loss is disclosed on the company's profit and loss account. A chargeable event only occurs when the bond matures or is surrendered.

Taxation

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.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Vesting of employee shares

The company accounts for equity-settled share--based payments in accordance with FRS 102 Section 26. The fair value of the equity shares granted is measured at the grant date and recognised as an expense over the vesting period, with a corresponding increase in equity.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2024

5,924

Additions

4,528

At 31 March 2025

10,452

DEPRECIATION

At 1 April 2024

2,652

Charge for year

2,574

At 31 March 2025

5,226

NET BOOK VALUE

At 31 March 2025

5,226

At 31 March 2024

3,272

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

2,290,016

Share of profit/(loss)

65,327

At 31 March 2025

2,355,343

NET BOOK VALUE

At 31 March 2025

2,355,343

At 31 March 2024

2,290,016

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

1,025,155

559,590

Other debtors

150,317

-

1,175,472

559,590

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

4

7,920

Trade creditors

54,929

2

Taxation and social security

(440,356

)

342,792

Other creditors

9,934

15,586

(375,489

)

366,300

8.	RELATED PARTY DISCLOSURES

During the year, the company paid commissions totalling £2,893,834 to BDW Global Media Ltd [company number 15850040], a company incorporated in England and Wales.

BDW Global Media Ltd is a related party by virtue of common control: Both the company and BDW Global Media Ltd are under the control of Mr B D Wilcockson, who is a director and major shareholder of both entities.

The transaction was conduced on a commercial basis and approved by the Board of Directors. No balances were outstanding at the year end [2024: £nil].

The directors consider the transaction was undertaken at arm's length and in the ordinary course of business.

9.	VESTING OF SHARES

During the financial year ended 31 March 2025 the company granted equity settled share-based payment awards to certain employees under its Vestd Growth Share Scheme. These awards vest subject to certain conditions such as continued employment / or performance conditions over a defined vesting period.

During the year, 1,111 shares were vested to employees under the scheme.

The vesting of shares resulted in an increase in share capital reflecting the nominal vallue of 1,111 shares of one penny each, and in total £11.11.