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Registered number: 11256901
TSTV Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Andrew Lillingston Limited
13 Hurlingham Studios
Ranelagh Gardens
London
SW6 3PA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11256901
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 18,994 29,792
18,994 29,792
CURRENT ASSETS
Debtors 5 108,623 135,088
Cash at bank and in hand 16,236 12,126
124,859 147,214
Creditors: Amounts Falling Due Within One Year 6 (45,082 ) (44,917 )
NET CURRENT ASSETS (LIABILITIES) 79,777 102,297
TOTAL ASSETS LESS CURRENT LIABILITIES 98,771 132,089
Creditors: Amounts Falling Due After More Than One Year 7 (16,498 ) (18,752 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,609 ) (5,660 )
NET ASSETS 78,664 107,677
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 78,564 107,577
SHAREHOLDERS' FUNDS 78,664 107,677
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Thomas Stanley
Director
17/12/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
TSTV Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11256901 . The registered office is 13 Hurlingham Studios, Ranelagh Gardens, London, SW6 3PA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers during the year.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% straight line
Motor Vehicles 25% straight line
Computer Equipment 25% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Office and administration 2 2
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 20,887 26,499 1,678 49,064
Additions 364 - - 364
As at 31 March 2025 21,251 26,499 1,678 49,428
Depreciation
As at 1 April 2024 12,692 4,969 1,611 19,272
Provided during the period 4,513 6,624 25 11,162
As at 31 March 2025 17,205 11,593 1,636 30,434
Net Book Value
As at 31 March 2025 4,046 14,906 42 18,994
As at 1 April 2024 8,195 21,530 67 29,792
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 25,373 13,115
Prepayments and accrued income - 15,662
Other debtors - 586
Corporation tax recoverable assets 14,144 14,144
Directors' loan accounts 69,106 91,581
108,623 135,088
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 2,254 2,254
Trade creditors - 2,400
Corporation tax 27,861 28,405
VAT 9,224 8,384
Other creditors 2,709 674
Accruals and deferred income 3,034 2,800
45,082 44,917
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7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 16,498 18,752
8. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,254 2,254
Later than one year and not later than five years 16,498 18,752
18,752 21,006
18,752 21,006
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Thomas Stanley 91,581 - 22,475 - 69,106
The above loan is unsecured with interest charged at 2% and it is repayable on demand.
11. Dividends
2025 2024
£ £
On equity shares:
Interim dividend paid 61,954 72,775
Page 5