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REGISTERED NUMBER:
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2018 |
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BABY TV LIMITED |
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REGISTERED NUMBER:
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2018 |
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FOR |
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BABY TV LIMITED |
BABY TV LIMITED (REGISTERED NUMBER: 04777996) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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BABY TV LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2018 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
4 Prince Albert Road |
London |
NW1 7SN |
BABY TV LIMITED (REGISTERED NUMBER: 04777996) |
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BALANCE SHEET |
31 DECEMBER 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Prepayments and accrued income |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 7 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Share premium |
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Revaluation reserve |
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Retained earnings | ( |
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The directors acknowledge their responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act
2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
BABY TV LIMITED (REGISTERED NUMBER: 04777996) |
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BALANCE SHEET - continued |
31 DECEMBER 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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BABY TV LIMITED (REGISTERED NUMBER: 04777996) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2018 |
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1. | STATUTORY INFORMATION |
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Baby TV Limited is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Going Concern |
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The accounts have been prepared on a going concern basis even though the company has the net current liabilities of |
£56,948.The validity of the going concern is dependent on the continuing support from the directors. The directors |
believe that the going concern concept is applicable as the company will be able to meet its debt as and when they fall |
due. |
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Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. |
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Turnover represents the value of the services provided under contracts to the extent that there is a right to |
consideration and is recorded at the value of the consideration due. Where a contract has only been partially |
completed at the balance sheet date turnover represents the value of the services provided to date based on a |
proportion of the total expected consideration at completion. Where payments are received from customers in |
advance of services provided the amounts are recorded as deferred income and as part of the creditors due within one |
year. |
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Tangible fixed assets |
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Plant and machinery | - |
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Motor vehicles | - |
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Computer equipment | - |
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During the year the company has adopted the revaluation model to value the plant and machinery. Plant and |
machinery was initially recognised at cost and has been depreciated over the useful life. |
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Plant and machinery is now carried at the revalued amount less accumulated depreciation and accumulated |
impairment losses. The revaluation is undertaken by the directors by applying the depreciated replacement cost |
method. |
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Any accumulated depreciation at the date of revaluation has been eliminated against the gross carrying amount of the |
asset. The net amount is restated to the revalued amount of the asset. |
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Taxation |
Taxation for the year 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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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BABY TV LIMITED (REGISTERED NUMBER: 04777996) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2018 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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 year end and that are expected to apply to the reversal of the timing |
difference. |
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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. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Plant and | Motor | Computer |
machinery | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST OR VALUATION |
At 1 January 2018 |
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Additions |
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At 31 December 2018 |
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DEPRECIATION |
At 1 January 2018 |
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Charge for year |
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At 31 December 2018 |
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NET BOOK VALUE |
At 31 December 2018 |
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At 31 December 2017 |
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The plant and machinery was revalued by the directors on 31 December 2018. |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
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Other debtors |
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BABY TV LIMITED (REGISTERED NUMBER: 04777996) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2018 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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Included within the trade creditors figure above is £7,168 (2017: £43,132) due to AXM Venture Capital, and £21,525 |
(2017: £30,887) due to TVP Group Limited. The liability due to TVP Group Limited has been reassigned to S P Kay |
and N P Pannaman. |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2018 | 2017 |
£ | £ |
Other creditors |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2017 | 2016 |
value | £ | £ |
6,746 | Ordinary A | 10p | 675 | 675 |
9,592 | Ordinary B | 10p | 959 | 959 |
680 | Ordinary C | 10p | 68 | 68 |
4,739 | Ordinary D | 10p | 474 | 474 |
6,189 | Ordinary E | 10p | 619 | 619 |
6,962 | Ordinary F | 10p | 696 | 696 |
3,491 | 3,491 |
The company operates a share option scheme whereby options are granted to employees to acquire shares at the grant |
price. Grants depending on the terms of the scheme may be exercised on the earliest of the first anniversary after the |
floatation of the company or the third anniversary of the Date of the Grant and lapse on the tenth anniversary of the |
grant date. Options under the share option scheme are granted at the market price ruling at the date of the grant.There |
were options of 1,031 (2016: 1,031) outstanding as at the balance sheet date. The share options were granted on 14th |
February 2009 for Ordinary D shares at an exercise price of £4.59 per share. |