Company Registration No. 07579651 (England and Wales)
POWER ON TELEVISION LTD
Unaudited accounts
for the year ended 31 March 2023
POWER ON TELEVISION LTD
Unaudited accounts
Contents
POWER ON TELEVISION LTD
Company Information
for the year ended 31 March 2023
Directors
Lee Kenneth Kjolsen
Andrew McArthur
Company Number
07579651 (England and Wales)
Registered Office
BEADLE HOUSE C/O PROJECT H ACCOUNTANTS
BULL PLAIN
HERTFORD
HERTFORDSHIRE
SG14 1DT
ENGLAND
Accountants
Project H Limited Accountants
Beadle House
Bull Plain
Hertford
Hertfordshire
SG14 1DT
POWER ON TELEVISION LTD
Statement of financial position
as at 31 March 2023
Tangible assets
11,592
15,633
Cash at bank and in hand
54,493
52,711
Creditors: amounts falling due within one year
(83,090)
(73,671)
Net current assets
36,604
19,760
Total assets less current liabilities
68,272
55,469
Creditors: amounts falling due after more than one year
(22,500)
(32,873)
Called up share capital
200
200
Profit and loss account
45,572
22,396
Shareholders' funds
45,772
22,596
For the year ending 31 March 2023 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2023 and were signed on its behalf by
Lee Kenneth Kjolsen
Director
Company Registration No. 07579651
POWER ON TELEVISION LTD
Notes to the Accounts
for the year ended 31 March 2023
POWER ON TELEVISION LTD is a private company, limited by shares, registered in England and Wales, registration number 07579651. The registered office is BEADLE HOUSE C/O PROJECT H ACCOUNTANTS, BULL PLAIN, HERTFORD, HERTFORDSHIRE, SG14 1DT, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
4
Tangible fixed assets
Plant & machinery
5
Investments
Other investments
Valuation at 1 April 2022
20,076
Valuation at 31 March 2023
20,076
POWER ON TELEVISION LTD
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Trade debtors
59,104
35,768
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
10,000
Trade creditors
19,215
20,243
Taxes and social security
24,468
22,003
Other creditors
8,338
20,752
Loans from directors
-
(655)
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 5 (2022: 5).