Silverfin false 31/03/2023 01/04/2022 31/03/2023 Paul Robert Chase 18/11/2005 20 October 2023 The principal activity of the Company during the financial year is that of an independent media agency who specialises in planning television advertising campaigns as well as monitoring responses from such campaigns. 05628515 2023-03-31 05628515 bus:Director1 2023-03-31 05628515 2022-03-31 05628515 core:CurrentFinancialInstruments 2023-03-31 05628515 core:CurrentFinancialInstruments 2022-03-31 05628515 core:ShareCapital 2023-03-31 05628515 core:ShareCapital 2022-03-31 05628515 core:RetainedEarningsAccumulatedLosses 2023-03-31 05628515 core:RetainedEarningsAccumulatedLosses 2022-03-31 05628515 core:Vehicles 2022-03-31 05628515 core:OfficeEquipment 2022-03-31 05628515 core:Vehicles 2023-03-31 05628515 core:OfficeEquipment 2023-03-31 05628515 core:CurrentFinancialInstruments 1 2023-03-31 05628515 core:CurrentFinancialInstruments 1 2022-03-31 05628515 bus:OrdinaryShareClass1 2023-03-31 05628515 2022-04-01 2023-03-31 05628515 bus:FullAccounts 2022-04-01 2023-03-31 05628515 bus:SmallEntities 2022-04-01 2023-03-31 05628515 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 05628515 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 05628515 bus:Director1 2022-04-01 2023-03-31 05628515 core:Vehicles core:TopRangeValue 2022-04-01 2023-03-31 05628515 core:OfficeEquipment 2022-04-01 2023-03-31 05628515 2021-04-01 2022-03-31 05628515 core:Vehicles 2022-04-01 2023-03-31 05628515 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 05628515 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 05628515 (England and Wales)

CHASE MEDIA SOLUTIONS LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

CHASE MEDIA SOLUTIONS LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

CHASE MEDIA SOLUTIONS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2023
CHASE MEDIA SOLUTIONS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 50,198 944
50,198 944
Current assets
Debtors 4 268,096 252,196
Cash at bank and in hand 559,699 534,106
827,795 786,302
Creditors: amounts falling due within one year 5 ( 375,192) ( 439,484)
Net current assets 452,603 346,818
Total assets less current liabilities 502,801 347,762
Net assets 502,801 347,762
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 502,701 347,662
Total shareholders' funds 502,801 347,762

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Chase Media Solutions Limited (registered number: 05628515) were approved and authorised for issue by the Director on 20 October 2023. They were signed on its behalf by:

Paul Robert Chase
Director
CHASE MEDIA SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
CHASE MEDIA SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Chase Media Solutions Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Kiln, Copenhagen Street, Worcester, WR1 2HB, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Vehicles 4 years straight line
Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 3 3

3. Tangible assets

Vehicles Office equipment Total
£ £ £
Cost
At 01 April 2022 0 1,586 1,586
Additions 51,258 3,723 54,981
At 31 March 2023 51,258 5,309 56,567
Accumulated depreciation
At 01 April 2022 0 642 642
Charge for the financial year 5,392 335 5,727
At 31 March 2023 5,392 977 6,369
Net book value
At 31 March 2023 45,866 4,332 50,198
At 31 March 2022 0 944 944

4. Debtors

2023 2022
£ £
Trade debtors 266,906 181,002
Deferred tax asset 0 2,503
Other debtors 1,190 68,691
268,096 252,196

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 288,509 382,951
Amounts owed to director 1,928 995
Accruals and deferred income 1,353 33,225
Deferred tax liability 9,975 0
Taxation and social security 70,777 21,238
Other creditors 2,650 1,075
375,192 439,484

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

7. Related party transactions

Transactions with the entity's director

2023 2022
£ £
Amount owed to director 1,928 995

During the year there were dividends declared to the shareholders of £120,000 (2022:£80,000)