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Registered number: 08595311
One Plus One TV Limited
Unaudited Financial Statements
For The Year Ended 31 July 2026
TS Partners Ltd
9 High Street
Wellington
Somerset
TA21 8QT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08595311
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 18,937 24,083
18,937 24,083
CURRENT ASSETS
Debtors 6 28,294 34,939
Cash at bank and in hand 15,580 11,307
43,874 46,246
Creditors: Amounts Falling Due Within One Year 7 (47,225 ) (55,815 )
NET CURRENT ASSETS (LIABILITIES) (3,351 ) (9,569 )
TOTAL ASSETS LESS CURRENT LIABILITIES 15,586 14,514
NET ASSETS 15,586 14,514
CAPITAL AND RESERVES
Called up share capital 8 200 200
Profit and Loss Account 15,386 14,314
SHAREHOLDERS' FUNDS 15,586 14,514
Page 1
Page 2
For the year ending 31 July 2026 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
Mrs Julie Leach
Director
27/10/2026
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
One Plus One TV Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08595311 . The registered office is 9 High Street, Wellington, Somerset, TA21 8QT.
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 fair value of the consideration receivable for media production services provided during the year, net of value added tax. Turnover is recognised by reference to the stage of completion of each contract at the balance sheet date.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill was written off in equal annual instalments over its estimated economic life of 5
years.
2.4. 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% Reducing balance
Motor Vehicles 25% Reducing balance
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 years 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.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2025: 3)
3 3
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Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2025 20,000
As at 31 July 2026 20,000
Amortisation
As at 1 August 2025 20,000
As at 31 July 2026 20,000
Net Book Value
As at 31 July 2026 -
As at 1 August 2025 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 August 2025 46,953 24,499 71,452
Additions 1,166 - 1,166
As at 31 July 2026 48,119 24,499 72,618
Depreciation
As at 1 August 2025 40,325 7,044 47,369
Provided during the period 1,948 4,364 6,312
As at 31 July 2026 42,273 11,408 53,681
Net Book Value
As at 31 July 2026 5,846 13,091 18,937
As at 1 August 2025 6,628 17,455 24,083
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 27,819 34,241
Other debtors 475 698
28,294 34,939
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Bank loans and overdrafts - 6,417
Corporation tax 11,364 9,617
Other taxes and social security 7,732 8,631
Other creditors 7,430 8,029
Directors' loan accounts 20,699 23,121
47,225 55,815
8. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 200 200
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