| Prime Time AV Lab Limited |
| Registered number: |
07564755 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
4 |
|
|
48,360 |
|
|
60,450 |
|
| Current assets |
| Debtors |
5 |
|
3,912,998 |
|
|
3,472,392 |
| Investments held as current assets |
6 |
|
1,130,749 |
|
|
2,555,074 |
| Cash at bank and in hand |
|
|
215,558 |
|
|
122,366 |
|
|
|
5,259,305 |
|
|
6,149,832 |
|
| Creditors: amounts falling due within one year |
8 |
|
(584,429) |
|
|
(285,625) |
|
| Net current assets |
|
|
|
4,674,876 |
|
|
5,864,207 |
|
| Net assets |
|
|
|
4,723,236 |
|
|
5,924,657 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
10,000 |
|
|
10,000 |
| Profit and loss account |
|
|
|
5,820,169 |
|
|
5,904,895 |
| Loss on investments |
|
|
|
(1,106,933) |
|
|
- |
| CT-Carry back loss refund |
|
|
|
- |
|
|
9,762 |
|
| Shareholder's funds |
|
|
|
4,723,236 |
|
|
5,924,657 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Rostyslav Braharnyk |
| Director |
| Approved by the board on 10 December 2025 |
|
| Prime Time AV Lab Limited |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Fixtures, fittings, tools and equipment |
20% reducing balance |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current period. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
Cost |
|
At 1 April 2024 |
1,773,202 |
|
At 31 March 2025 |
1,773,202 |
|
Amortisation |
|
At 1 April 2024 |
1,773,202 |
|
At 31 March 2025 |
1,773,202 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
- |
|
|
|
|
|
|
|
|
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Fixtures, fittings, tools and equipment |
| £ |
|
Cost |
|
At 1 April 2024 |
360,307 |
|
At 31 March 2025 |
360,307 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2024 |
299,857 |
|
Charge for the year |
12,090 |
|
At 31 March 2025 |
311,947 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
48,360 |
|
At 31 March 2024 |
60,450 |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
- |
|
21,506 |
|
Other debtors |
3,912,998 |
|
3,450,886 |
|
|
|
|
|
|
3,912,998 |
|
3,472,392 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Investments held as current assets |
2025 |
|
2024 |
| £ |
£ |
|
Fair value |
|
Unlisted investments |
1,130,749 |
|
2,555,074 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Loss on sales of investments |
|
|
The company recognised a loss of £1,137,820 for sale of its investments in shares of associates. |
|
|
| 8 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
395,710 |
|
7,443 |
|
Corporation tax |
173,763 |
|
264,129 |
|
Other taxes and social security costs |
- |
|
1,188 |
|
Other creditors |
14,956 |
|
12,865 |
|
|
|
|
|
|
584,429 |
|
285,625 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Related party transactions |
|
|
Included within other creditors is director's loan of £10,956 (2024 - £6,864) |
|
|
| 10 |
Controlling party |
|
|
Mr Rostyslav Braharnyk is the ultimate controlling party. |
|
|
| 11 |
Other information |
|
|
Prime Time AV Lab Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Suite 4, Cranbrook House |
|
61 Cranbrook Road |
|
Ilford |
|
Essex |
|
IG1 4PG |