Norman Davies T.V. & Video Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 01621132

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		-		8,773

			-		8,773
CURRENT ASSETS
Stocks	5	-		4,829
Debtors	6	16,564		4,311
Cash at bank and in hand		13,100		9,590

		29,664		18,730
Creditors: Amounts Falling Due Within One Year	7	(54,006 )		(52,589 )

NET CURRENT ASSETS (LIABILITIES)			(24,342 )		(33,859 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(24,342 )		(25,086 )

NET LIABILITIES			(24,342 )		(25,086 )

CAPITAL AND RESERVES
Called up share capital	8		50		50
Profit and Loss Account			(24,392 )		(25,136 )

SHAREHOLDERS' FUNDS			(24,342)		(25,086)

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Norman Davies T.V. & Video Ltd

Balance Sheet (continued)

As At 31 May 2026

For the year ending 31 May 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

Mr J N Davies

Director

3 November 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Norman Davies T.V. & Video Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 01621132 . The registered office is 176a Walsall Road, Cannock, Staffordshire, WS11 0JL.

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 is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. This is usually on dispatch of the goods.

Revenue from asset rentals under an operating lease is recognised when each rental payment becomes due and charged to the profit and loss account on a straight line basis over the period of the lease.

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

20% on cost

2.4. Leasing and Hire Purchase Contracts

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

2.5. Stocks and Work in Progress

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

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the Profit and Loss Account as they become payable in accordance with the rules of the scheme.

2.7. Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2025: 6)

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Norman Davies T.V. & Video Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 June 2025	898,647
Additions	2,402
Disposals	(901,049 )

As at 31 May 2026	-

Depreciation
As at 1 June 2025	889,874
Disposals	(889,874 )

As at 31 May 2026	-

Net Book Value
As at 31 May 2026	-

As at 1 June 2025	8,773

5. Stocks

	2026	2025
	£	£
Stock	-	4,829

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	-	4,095
Prepayments and accrued income	16,564	216

	16,564	4,311

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	-	6,606
Bank loans and overdrafts	-	6,875
Other taxes and social security	-	651
VAT	5,667	7,307
Other creditors	-	159
Accruals and deferred income	19,730	2,535
Directors' loan accounts	28,609	28,456

	54,006	52,589

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Norman Davies T.V. & Video Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

8. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
50 Ordinary Shares of £ 1.00 each	50	50

9. Going concern

At the balance sheet date, the company was insolvent and reliant on the support of the directors. The company therefore ceased trading on 31/05/26.

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