Harry Garlick The T.V. Centre Limited 31/10/2025 iXBRL

Company registration number: 00517836

Harry Garlick The T.V. Centre Limited

Unaudited filleted financial statements

31 October 2025

Harry Garlick The T.V. Centre Limited

Contents

Directors and other information

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Harry Garlick The T.V. Centre Limited

Directors and other information


	Directors	Mr T A Scothern
		Mr D J Scothern
		Mr M G Scothern


	Secretary	Mr D J Scothern


	Company number	00517836


	Registered office	Croft House
		Station Road
		Barnoldswick
		Lancashire
		BB18 5NA


	Business address	Albion Mill
		Albion Road
		Earby
		Barnoldswick
		BB18 6PZ


	Accountants	Windle & Bowker Limited
		Croft House
		Station Road
		Barnoldswick
		Lancashire
		BB18 5NA




	Bankers	Virgin Money
		25 Manchester Road
		Burnley
		Lancashire
		BB11 1HX

Harry Garlick The T.V. Centre Limited

Statement of financial position

31 October 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	6	-		-
Tangible assets	7	1,494,768		1,249,136
		_______		_______
			1,494,768		1,249,136

Current assets
Stocks		1,427,127		1,713,346
Debtors	8	529,166		516,634
Cash at bank and in hand		7,508		11,648
		_______		_______
		1,963,801		2,241,628
Creditors: amounts falling due
within one year	9	( 1,760,844)		( 1,780,931)
		_______		_______
Net current assets			202,957		460,697
			_______		_______
Total assets less current liabilities			1,697,725		1,709,833

Creditors: amounts falling due
after more than one year	10		-		( 10,334)

Provisions for liabilities			-		( 44,715)

			_______		_______
Net assets			1,697,725		1,654,784
			_______		_______

Capital and reserves
Called up share capital			45,834		45,834
Revaluation reserve	11		528,750		178,750
Capital redemption reserve	11		4,166		4,166
Profit and loss account	11		1,118,975		1,426,034
			_______		_______
Shareholders funds			1,697,725		1,654,784
			_______		_______

For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 08 September 2026 , and are signed on behalf of the board by:

Mr D J Scothern

Director

Company registration number: 00517836

Harry Garlick The T.V. Centre Limited

Statement of changes in equity

Year ended 31 October 2025

	Called up share capital	Revaluation reserve	Capital redemption reserve	Profit and loss account	Total
	£	£	£	£	£


At 1 November 2023	45,834	178,750	4,166	1,644,005	1,872,755

Loss for the year				( 150,769)	( 150,769)
	_______	_______	_______	_______	_______
Total comprehensive income for the year	-	-	-	( 150,769)	( 150,769)

Dividends paid and payable				( 67,202)	( 67,202)
	_______	_______	_______	_______	_______
Total investments by and distributions to owners	-	-	-	( 67,202)	( 67,202)

	_______	_______	_______	_______	_______
At 31 October 2024 and 1 November 2024	45,834	178,750	4,166	1,426,034	1,654,784

Loss for the year				( 295,559)	( 295,559)
Other comprehensive income for the year:
Revaluation of tangible assets		350,000			350,000
	_______	_______	_______	_______	_______
Total comprehensive income for the year	-	350,000	-	( 295,559)	54,441

Dividends paid and payable				( 11,500)	( 11,500)
	_______	_______	_______	_______	_______
Total investments by and distributions to owners	-	-	-	( 11,500)	( 11,500)

	_______	_______	_______	_______	_______
At 31 October 2025	45,834	528,750	4,166	1,118,975	1,697,725
	_______	_______	_______	_______	_______

Harry Garlick The T.V. Centre Limited

Notes to the financial statements

Year ended 31 October 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Croft House, Station Road, Barnoldswick, Lancashire, BB18 5NA.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Website costs	-	25 %	straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Land and buildings	-	Nil
Leasehold properties	-	Straight line over the life of the lease
Plant and machinery	-	10% to 33% on cost
Rental equipment	-	2 to 6 years on cost
Motor vehicles	-	25% straight line or reducing balance dependent on vehicle use

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Investment property

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 30 (2024: 32 ).

5. Dividends

Equity dividends

	2025	2024
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year)	11,500	67,202
	_______	_______

6. Intangible assets

	Other intangible assets	Total
	£	£
Cost
At 1 November 2024 and 31 October 2025	104,438	104,438
	_______	_______
Amortisation
At 1 November 2024 and 31 October 2025	104,438	104,438
	_______	_______
Carrying amount
At 31 October 2025	-	-
	_______	_______
At 31 October 2024	-	-
	_______	_______

7. Tangible assets

	Freehold property	Short leasehold property	Plant and machinery	Rental equipment	Motor vehicles	Total
	£	£	£	£	£	£
Cost or valuation
At 1 November 2024	1,120,000	66,657	599,941	301,091	189,242	2,276,931
Additions	-	-	-	36,773	-	36,773
Disposals	( 85,000)	-	-	( 24,315)	( 44,699)	( 154,014)
Revaluation	350,000	-	-	-	-	350,000
	_______	_______	_______	_______	_______	_______
At 31 October 2025	1,385,000	66,657	599,941	313,549	144,543	2,509,690
	_______	_______	_______	_______	_______	_______
Depreciation
At 1 November 2024	-	66,657	584,598	218,878	157,662	1,027,795
Charge for the year	-	-	2,245	42,536	7,367	52,148
Disposals	-	-	-	( 22,728)	( 42,293)	( 65,021)
	_______	_______	_______	_______	_______	_______
At 31 October 2025	-	66,657	586,843	238,686	122,736	1,014,922
	_______	_______	_______	_______	_______	_______
Carrying amount
At 31 October 2025	1,385,000	-	13,098	74,863	21,807	1,494,768
	_______	_______	_______	_______	_______	_______
At 31 October 2024	1,120,000	-	15,343	82,213	31,580	1,249,136
	_______	_______	_______	_______	_______	_______

The historical cost of freehold land and buildings that are included within the above, at market value of £1,385,000, was £846,705. The properties were valued by Petty, Chartered Surveyors on 24 April 2015 and 12th December 2025 by Taylor Weaver Chartered Surveyors.The directors consider the valuation to still be accurate at the balance sheet date.

Investment property

The investment properties were valued by Petty, Chartered Surveyors on 24 April 2015 and Taylor Weaver Chartered Surveyors in December 2025 in accordance with the Valuation - Professional Standards (2014) issued by The Royal Institution of Chartered Surveyors (RICS).In view of the trends in commercial property prices since that date, the directors consider the valuation to still be accurate at the balance sheet date.

Tangible assets held at valuation

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:


	Freehold property	Total
	£	£
At 31 October 2025
Aggregate cost	846,705	846,705
Aggregate depreciation	-	-
	_______	_______
Carrying amount	846,705	846,705
	_______	_______

At 31 October 2024
Aggregate cost	848,302	848,302
Aggregate depreciation	-	-
	_______	_______
Carrying amount	848,302	848,302
	_______	_______

8. Debtors

	2025	2024
	£	£
Trade debtors	476,740	466,792
Other debtors	52,426	49,842
	_______	_______
	529,166	516,634
	_______	_______

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	909,040	763,597
Trade creditors	616,365	880,376
Corporation tax	-	( 44,615)
Social security and other taxes	41,301	50,122
Other creditors	194,138	131,451
	_______	_______
	1,760,844	1,780,931
	_______	_______

Bank borrowings are secured by a debenture over the assets of the company, an open offer letter of set off and legal charges over various properties.

10. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	-	4,500
Other creditors	-	5,834
	_______	_______
	-	10,334
	_______	_______

Bank borrowings are secured by a debenture over the assets of the company, an open offer letter of set off and legal charges over various properties.

11. Reserves

Revaluation reserve:This reserve records the value of asset revaluations and fair value movements on assets recognised in other comprehensive income net of deferred tax. Capital redemption reserve:This reserve records the nominal value of shares repurchased by the company.Profit and loss account:This reserve records retained earnings and accumulated losses along with revaluation surpluses and deficits of investment properties net of deferred tax.

12. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Not later than 1 year	8,500	7,250
Later than 1 year and not later than 5 years	65,250	59,875
	_______	_______
	73,750	67,125
	_______	_______

13. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr T A Scothern	13,720	( 50,000)	9,842	( 26,438)
	Mr D J Scothern	( 48,386)	( 26,627)	1,280	( 73,733)
	Mr M G Scothern	633	( 25,000)	-	( 24,367)
		_______	_______	_______	_______
		( 34,033)	( 101,627)	11,122	( 124,538)
		_______	_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr T A Scothern	8,061	5,659	-	13,720
	Mr D J Scothern	( 16,889)	( 76,497)	45,000	( 48,386)
	Mr M G Scothern	( 99,367)	( 6,000)	106,000	633
		_______	_______	_______	_______
		( 108,195)	( 76,838)	151,000	( 34,033)
		_______	_______	_______	_______

The loans are interest free and repayable on demand.

14. Related party transactions

During the period, dividends amounting to £11,500 (31 October 2024 - £67,202) were declared to the Directors.

15. Controlling party

The company is controlled by the directors who are interested in 100% of the Company's issued share capital.