Company Registration No. NI642528 (Northern Ireland)
Michael Foster TV Ltd
Unaudited accounts
for the year ended 31 December 2023
Michael Foster TV Ltd
Unaudited accounts
Contents
Michael Foster TV Ltd
Company Information
for the year ended 31 December 2023
Director
Michael Brian Foster
Company Number
NI642528 (Northern Ireland)
Registered Office
10 High Street
Holywood
Down
BT18 9AZ
Accountants
Nuvem 9 Ltd
The Mount Business Centre
Woodstock Link
Belfast
County Antrim
BT6 8DD
Michael Foster TV Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
41,988
6,740
Cash at bank and in hand
5,545
351
Creditors: amounts falling due within one year
(24,260)
(5,031)
Net current (liabilities)/assets
(8,594)
1,188
Total assets less current liabilities
33,394
7,928
Creditors: amounts falling due after more than one year
(30,676)
(7,308)
Called up share capital
1
1
Profit and loss account
2,717
619
Shareholders' funds
2,718
620
For the year ending 31 December 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 director acknowledges his 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 and authorised for issue on 2 February 2024 and were signed on its behalf by
Michael Brian Foster
Director
Company Registration No. NI642528
Michael Foster TV Ltd
Notes to the Accounts
for the year ended 31 December 2023
Michael Foster TV Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI642528. The registered office is 10 High Street, Holywood, Down, BT18 9AZ.
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:
Computer equipment
3 years straight line
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
11,350
1,041
207
12,598
Additions
36,949
-
2,238
39,187
At 31 December 2023
48,299
1,041
2,445
51,785
At 1 January 2023
5,336
315
207
5,858
Charge for the year
3,514
208
217
3,939
At 31 December 2023
8,850
523
424
9,797
At 31 December 2023
39,449
518
2,021
41,988
At 31 December 2022
6,014
726
-
6,740
Michael Foster TV Ltd
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
2,130
-
Taxes and social security
-
5,882
Loans from directors
17,799
(851)
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
