Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-3122022-04-01falseNo description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06368723 2022-04-01 2023-03-31 06368723 2021-04-01 2022-03-31 06368723 2023-03-31 06368723 2022-03-31 06368723 c:Director1 2022-04-01 2023-03-31 06368723 c:Director2 2022-04-01 2023-03-31 06368723 d:PlantMachinery 2022-04-01 2023-03-31 06368723 d:PlantMachinery 2023-03-31 06368723 d:PlantMachinery 2022-03-31 06368723 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06368723 d:MotorVehicles 2022-04-01 2023-03-31 06368723 d:OfficeEquipment 2022-04-01 2023-03-31 06368723 d:OfficeEquipment 2023-03-31 06368723 d:OfficeEquipment 2022-03-31 06368723 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06368723 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06368723 d:CurrentFinancialInstruments 2023-03-31 06368723 d:CurrentFinancialInstruments 2022-03-31 06368723 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06368723 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 06368723 d:ShareCapital 2023-03-31 06368723 d:ShareCapital 2022-03-31 06368723 d:CapitalRedemptionReserve 2023-03-31 06368723 d:CapitalRedemptionReserve 2022-03-31 06368723 d:RetainedEarningsAccumulatedLosses 2023-03-31 06368723 d:RetainedEarningsAccumulatedLosses 2022-03-31 06368723 c:FRS102 2022-04-01 2023-03-31 06368723 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 06368723 c:FullAccounts 2022-04-01 2023-03-31 06368723 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 06368723 2 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 06368723










MACROSOFT MEDIA LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
MACROSOFT MEDIA LIMITED
REGISTERED NUMBER: 06368723

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
10,644
13,424

  
10,644
13,424

Current assets
  

Debtors: amounts falling due within one year
 5 
720,049
613,286

Cash at bank and in hand
  
351,811
543,951

  
1,071,860
1,157,237

Creditors: amounts falling due within one year
 6 
(26,309)
(192,219)

Net current assets
  
 
 
1,045,551
 
 
965,018

Total assets less current liabilities
  
1,056,195
978,442

Provisions for liabilities
  

Deferred tax
  
(2,660)
(3,356)

  
 
 
(2,660)
 
 
(3,356)

Net assets
  
1,053,535
975,086


Capital and reserves
  

Called up share capital 
  
100
100

Capital redemption reserve
  
10
10

Profit and loss account
  
1,053,425
974,976

  
1,053,535
975,086


Page 1

 
MACROSOFT MEDIA LIMITED
REGISTERED NUMBER: 06368723
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
S N Scarrow
................................................
Ms L C Richmond
Director
Director


Date: 18 August 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
MACROSOFT MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Macrosoft Media Limited is a company limited by shares and incorporated in England and Wales, registration number 06368723. The registered office is Summerhill House, 1 Sculthorpe Road, Fakenham, Norfolk, United Kingdom, NR21 9HA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
MACROSOFT MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows:.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Reducing balance
Motor vehicles
-
25%
Reducing balance
Office equipment
-
25%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
MACROSOFT MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 5

 
MACROSOFT MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Plant and machinery
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2022
50,780
2,843
53,623


Additions
1,628
-
1,628


Disposals
-
(1,063)
(1,063)



At 31 March 2023

52,408
1,780
54,188



Depreciation


At 1 April 2022
38,080
2,119
40,199


Charge for the year on owned assets
3,460
447
3,907


Disposals
-
(562)
(562)



At 31 March 2023

41,540
2,004
43,544



Net book value



At 31 March 2023
10,868
(224)
10,644



At 31 March 2022
12,700
724
13,424

Page 6

 
MACROSOFT MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Debtors

2023
2022
£
£


Trade debtors
20,945
34,670

Other debtors
699,104
578,616

720,049
613,286



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
4,377
7,314

Corporation tax
18,776
180,949

Other taxation and social security
-
1,006

Accruals and deferred income
3,156
2,950

26,309
192,219



7.


Related party transactions

During the year a director operated a loan account with the company. At the year end the balance owed to the company was £509,234 (2022 - £397,061).
The loan account was unsecured and repayable on demand.

 
Page 7