Homes should be about individuality not breaking the bank. Hide the wires consider a good floor covering perhaps a lovely rug and build with what you have and enjoy the experience if you tire then just move much loved pieces to other rooms for a total new look. I love homes that are about the people who live in them makes me want to stay and have a cuppa your small pic here gives that vibe maybe the warmth of the wood in here im not sure but dont go to mad and spoil the feel that you already starting to create by getting to many boring mass produced highstreet junk in there

Thanks! I've found an up cycled wooden to stAnd that would have Z warm feel. With a bAby on the way we def need to hide the wires x

loved the old t.v. cabinets where everything was behind closed doors and the t.v. was not the main attraction of the sitting room please bring them back

Have you considered mounting the TV on an arm under the shelving. This will let you move the coffee table to the front of the sofa and minimise the use of space in that corner. As Maureen has said, the old closed doors is a good idea as well, but you might need to do that on both sides for balance.

This link shows how someone else did it - but they had a bigger space in between fireplace and wall:

https://www.houzz.co.uk/magazine/houzz-tour-smart-design-boosts-space-in-a-small-victorian-flat-stsetivw-vs~53691996 

I used a company called Zespoke where you can choose the colours of the inside and outside and trim of the lovely cylinder shaped unit, the size and whether you want a shelf and a backing to hide the wires. I wanted orange and it looks fabulous and everyone always comments about what tends to be so plain a piece of furniture.

Have you thought about removing the table altogether and mounting the TV on a wall bracket with a moveable arm? That way you can move it against the wall when you want it out of the way and you can pull it out and position it where you want it when you use it. This creates space underneath you can use or leave free for a less cluttered look, and also means you can remove the TV as the focal point if you wish.

I also think it would be good to fix the TV to the wall on a swivel bracket. I would fix it to the wall to the left of the alcove wall - not under the shelving.

I would also create a white frame to house it so when it was stored flat against the wall it would harmonise with the shelving and look a lot neater. When you want to watch the TV just angle it out of it's containing frame.

Finally, there is nothing worse than lots of trailing TV cables. Spend a little money to make sure they're hidden.

We had a similar room in our previous house.

Mount the TV on the wall with a swivel arm (cheap on eBay) and build a cupboard below to hide the cables and put the PS4 on top of the new cupboards. I used cheap plain kitchen cupboard doors from B&Q and spare kitchen worktop to top it off.

Apologies for the poor picture but its all I can find on my phone. It shows the build half way through.

Bit of a work in progress but this is an IKEA Lack coffee table £14 (rests on six thin metal brackets) and a sheet of glass £10 (rests on skirting) cut to size with cables concealed under the counter or in IKEA cable trunking. Kind of similar to the shelving you have.