Subtvu Limited - Accounts

Subtvu Limited - Accounts

SUBTVU LIMITED - Company Information

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Registered Number: 09758453
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 December 2021

for

SUBTVU LIMITED

Subtvu Limited
Contents Page
For the year ended 31 December 2021
Directors S P Lent
E G Orr
N R Brown
R L Howells
P H Portz
Registered Number 09758453
Registered Office Vox Studios
Unit W205 1 - 45 Durham Street
Vauxhall
London
SE11 5JH
Accountants Pink Mango Accountants Ltd
Coltsfoot
Farm Lane
Chichester
PO18 8SA
1
 
 		 Notes
 		 2021
£		   2020
£
Fixed assets      
Tangible fixed assets 4 56,200    92,331 
56,200    92,331 
Current assets      
Debtors 5 1,428,886    660,608 
Cash at bank and in hand 703,584    1,199,238 
2,132,470    1,859,846 
Creditors: amount falling due within one year 6 (1,256,854)   (1,221,506)
Net current assets 875,616    638,340 
 
Total assets less current liabilities 931,816    730,671 
Creditors: amount falling due after more than one year 7 (41,875)   - 
Net assets 889,941    730,671 
 

Capital and reserves 		     
Called up share capital 8 9,201,040    9,201,040 
Profit and loss account (8,311,099)   (8,470,369)
Shareholder's funds 889,941    730,671 
 


For the year ended 31 December 2021 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
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 the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 09 September 2022 and were signed on its behalf by:


--------------------------------
S P Lent
Director
2
General Information
Subtvu Limited is a private company, limited by shares, registered in England and Wales, registration number 09758453, registration address Vox Studios, Unit W205 1 - 45 Durham Street, Vauxhall, London, SE11 5JH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
Taxation for the period 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 taxation
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 period 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.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Short leasehold 20% Straight Line
Plant and Machinery 10% Straight Line
Fixtures and Fittings 20% Straight Line
Computer Equipment & screen installations 33% Straight Line
Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less impairment
2.

Average number of employees

Average number of employees during the year was 13 (2020 : 15).
3.

Financial Commitments, Guarantees and Contingencies

Minimum lease payments under non-cancellable operating leases fall due as follows:
  2021
£		   2020
£
Within one year 91,722  80,075 
Between one and five years -  91,722 
91,722  171,797 


4.

Tangible fixed assets

Cost or valuation Short leasehold   Plant and Machinery   Fixtures and Fittings   Computer Equipment & screen installations   Total
  £   £   £   £   £
At 01 January 2021 17,010    412    34,915    122,554    174,891 
Additions -    2,000    851    8,569    11,420 
Disposals -    -    -    -    - 
At 31 December 2021 17,010    2,412    35,766    131,123    186,311 
Depreciation
At 01 January 2021 3,402    134    15,978    63,045    82,559 
Charge for year 3,402    208    6,617    37,325    47,552 
On disposals -    -    -    -    - 
At 31 December 2021 6,804    342    22,595    100,370    130,111 
Net book values
Closing balance as at 31 December 2021 10,206    2,070    13,171    30,753    56,200 
Opening balance as at 01 January 2021 13,608    278    18,937    59,508    92,331 


5.

Debtors: amounts falling due within one year

2021
£		   2020
£
Trade Debtors 833,866    360,837 
Amount Owed by Group Undertakings 533,829    218,760 
Prepayments & Accrued Income 17,299    37,119 
Other Debtors 43,892    43,892 
1,428,886    660,608 

6.

Creditors: amount falling due within one year

2021
£		   2020
£
Trade Creditors 230,956    204,040 
Bank Loans & Overdrafts 8,125    - 
PAYE & Social Security 10,900    26,591 
Accrued Expenses 911,932    814,162 
Other Creditors 6,011    602 
VAT 88,930    176,111 
1,256,854    1,221,506 

7.

Creditors: amount falling due after more than one year

2021
£		   2020
£
Bank Loans & Overdrafts 41,875    - 
41,875    - 

8.

Share Capital

Allotted, called up and fully paid
2021
£		   2020
£
78,532 Ordinary (£0.01) shares of £0.01 each 785    785 
919,988,000 Deferred shares of £0.01 each 9,199,880    9,199,880 
37,468 A Ordinary shares of £0.01 each 375    375 
9,201,040    9,201,040 

3