REGISTERED NUMBER: 07322592 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

GOV TV LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr G Dean

REGISTERED OFFICE:

Unit 2

The Crossroads

Freckleton Street

Kirkham

Lancashire

PR4 2SH

REGISTERED NUMBER:

07322592 (England and Wales)

ACCOUNTANTS:

ma2 Limited

Chartered Accountants

5 Crescent East

Thornton Cleveleys

Lancashire

FY5 3LJ

FIXED ASSETS

Tangible assets

4

1,865

2,487

1,865

2,487

CURRENT ASSETS

Debtors

5

699,493

707,388

CREDITORS

Amounts falling due within one year

6

515,486

516,230

NET CURRENT ASSETS

184,007

191,158

TOTAL ASSETS LESS CURRENT LIABILITIES

185,872

193,645

CREDITORS

Amounts falling due after more than one year

7

3,045

15,833

NET ASSETS

182,827

177,812

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

182,727

177,712

SHAREHOLDERS' FUNDS

182,827

177,812

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 20 April 2026 and were signed by:

Mr G Dean - Director

1.	STATUTORY INFORMATION

GOV TV 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

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 represents income from invoiced turnover, net of value added tax, in respect of radio advertising. Credit is taken for sales according to the broadcast schedule relevant to the company's accounting period.

Tangible fixed assets

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 December 2023

and 30 November 2024

3,316

DEPRECIATION

At 1 December 2023

829

Charge for year

622

At 30 November 2024

1,451

NET BOOK VALUE

At 30 November 2024

1,865

At 30 November 2023

2,487

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

£

Trade debtors

58,481

51,711

Amounts owed by associates

558,570

582,985

Other Debtors

4,500

-

Prepayments

77,942

72,692

699,493

707,388

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

£

Bank loans and overdrafts

100,576

113,963

Trade creditors

7,422

1,545

Amounts owed to associates

167,042

154,692

Tax

11,823

13,034

VAT

61,123

70,780

Accruals and deferred income

167,500

162,216

515,486

516,230

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.24

30.11.23

£

£

Bank loans - 2-5 years

3,045

15,833