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 2022

for

SUBTVU LIMITED

Subtvu Limited
Contents Page
For the year ended 31 December 2022
Directors S P Lent
E G Orr
N R Brown
R L Howells
P H Portz
G R Fearnley
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
 		 2022
£		   2021
£
Fixed assets      
Tangible fixed assets 3 104,489    56,200 
104,489    56,200 
Current assets      
Debtors 4 1,667,883    1,428,886 
Cash at bank and in hand 1,134,594    703,584 
2,802,477    2,132,470 
Creditors: amount falling due within one year 5 (1,637,086)   (1,256,853)
Net current assets 1,165,391    875,617 
 
Total assets less current liabilities 1,269,880    931,817 
Creditors: amount falling due after more than one year 6 (53,802)   (41,875)
Net assets 1,216,078    889,942 
 

Capital and reserves 		     
Called up share capital 7 9,201,164    9,201,040 
Share premium account 8 13,251    - 
Profit and loss account (7,998,337)   (8,311,098)
Shareholder's funds 1,216,078    889,942 
 


For the year ended 31 December 2022 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 15 September 2023 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
Motor Vehicles 20% 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 15 (2021 : 13).
3.

Tangible fixed assets

Cost or valuation Short leasehold   Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment & screen installations   Total
  £   £   £   £   £   £
At 01 January 2022 17,010    2,412    -    35,766    131,123    186,311 
Additions 10,380    -    33,150    -    64,781    108,311 
Disposals -    -    -    -    -    - 
At 31 December 2022 27,390    2,412    33,150    35,766    195,904    294,622 
Depreciation
At 01 January 2022 6,804    342    -    22,595    100,370    130,111 
Charge for year 5,478    241    1,105    5,573    47,625    60,022 
On disposals -    -    -    -    -    - 
At 31 December 2022 12,282    583    1,105    28,168    147,995    190,133 
Net book values
Closing balance as at 31 December 2022 15,108    1,829    32,045    7,598    47,909    104,489 
Opening balance as at 01 January 2022 10,206    2,070    -    13,171    30,753    56,200 


4.

Debtors: amounts falling due within one year

2022
£		   2021
£
Trade Debtors 903,199    833,866 
Amount Owed by Group Undertakings 689,067    533,829 
Prepayments & Accrued Income 37,160    17,299 
Other Debtors 38,414    43,892 
Directors' Current Accounts 43    - 
1,667,883    1,428,886 

5.

Creditors: amount falling due within one year

2022
£		   2021
£
Trade Creditors 38,769    230,956 
Bank Loans & Overdrafts 10,000    8,125 
PAYE & Social Security 22,805    10,900 
Accrued Expenses 1,366,496    911,931 
Other Creditors 5,793    6,011 
Obligations under HP/Financial Leases 5,498    - 
VAT 187,725    88,930 
1,637,086    1,256,853 

6.

Creditors: amount falling due after more than one year

2022
£		   2021
£
Trade Creditors -    - 
Bank Loans & Overdrafts 31,667    41,875 
Obligations Under HP/Financial Leases 22,135    - 
53,802    41,875 

7.

Share Capital

Allotted, called up and fully paid
2022
£		   2021
£
90,916 Ordinary (£0.01) shares of £0.01 each 909    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 
9,201,164    9,201,040 

8.

Share premium account

2022
£		   2021
£
Equity Share Premium - New Issue 13,251    - 
13,251    - 

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