REGISTERED NUMBER: 05848347 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2025

for

Television House Ltd

Page

Abridged Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

12,250

24,500

Tangible assets

5

82,247

85,395

94,497

109,895

CURRENT ASSETS

Stocks

345,000

315,000

Debtors

35,740

45,450

Cash at bank and in hand

320

6,846

381,060

367,296

CREDITORS

Amounts falling due within one year

170,127

105,827

NET CURRENT ASSETS

210,933

261,469

TOTAL ASSETS LESS CURRENT LIABILITIES

305,430

371,364

CREDITORS

Amounts falling due after more than one year

(8,533

)

(23,652

)

PROVISIONS FOR LIABILITIES

(1,086

)

(1,679

)

NET ASSETS

295,811

346,033

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

295,809

346,031

SHAREHOLDERS' FUNDS

295,811

346,033

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

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 17 April 2026 and were signed on its behalf by:

N W Wilkinson - Director

M R Wilkinson - Director

1.	STATUTORY INFORMATION

Television House Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

05848347

Registered office:

19 Market Place

Pickering

North Yorkshire

YO18 7AE

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website and development is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Improvements to property

-

2% on cost

Television Sets on Rental

-

20% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2024

and 31 July 2025

248,609

AMORTISATION

At 1 August 2024

224,109

Amortisation for year

12,250

At 31 July 2025

236,359

NET BOOK VALUE

At 31 July 2025

12,250

At 31 July 2024

24,500

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2024

and 31 July 2025

133,295

DEPRECIATION

At 1 August 2024

47,900

Charge for year

3,148

At 31 July 2025

51,048

NET BOOK VALUE

At 31 July 2025

82,247

At 31 July 2024

85,395

6.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.25

31.7.24

£

£

Bank overdrafts

20,563

2,784

Bank loans

25,800

40,919

46,363

43,703

There is a legal charge in favour of National Westminster Bank Plc in respect of all the Company's liabilities of any kind and in any currency (whether present or future actual or contingent and whether incurred alone or jointly with another) including banking charges, commission, interest, costs and expenses.

7.	RELATED PARTY DISCLOSURES

Establishment costs include rent of £30,000 paid to Mr M R Wilkinson and Mr N W Wilkinson in respect of the shop premises.

A further £13,000 was also paid to Mr M R Wilkinson and Mr N W Wilkinson in respect of rent for new storage facilities.

8.	ULTIMATE CONTROLLING PARTY

The share capital of the company is owned equally by the directors, Mr M R Wilkinson & Mr N W Wilkinson and therefore there is no controlling party.