Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28true2022-03-0111falsetrueNo description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08420470 2022-03-01 2023-02-28 08420470 2021-03-01 2022-02-28 08420470 2023-02-28 08420470 2022-02-28 08420470 c:Director1 2022-03-01 2023-02-28 08420470 d:ComputerEquipment 2022-03-01 2023-02-28 08420470 d:ComputerEquipment 2023-02-28 08420470 d:ComputerEquipment 2022-02-28 08420470 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 08420470 d:CurrentFinancialInstruments 2023-02-28 08420470 d:CurrentFinancialInstruments 2022-02-28 08420470 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 08420470 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 08420470 d:ShareCapital 2023-02-28 08420470 d:ShareCapital 2022-02-28 08420470 d:RetainedEarningsAccumulatedLosses 2023-02-28 08420470 d:RetainedEarningsAccumulatedLosses 2022-02-28 08420470 c:FRS102 2022-03-01 2023-02-28 08420470 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 08420470 c:FullAccounts 2022-03-01 2023-02-28 08420470 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure

Registered number: 08420470









MARK 2 MEDIA LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
MARK 2 MEDIA LIMITED
REGISTERED NUMBER: 08420470

STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
239

  
-
239

Current assets
  

Cash at bank and in hand
 5 
12,588
9,645

  
12,588
9,645

Creditors: amounts falling due within one year
 6 
(21,489)
(20,828)

Net current liabilities
  
 
 
(8,901)
 
 
(11,183)

Total assets less current liabilities
  
(8,901)
(10,944)

  

Net liabilities
  
(8,901)
(10,944)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(8,902)
(10,945)

  
(8,901)
(10,944)


The director considers 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 director acknowledges his 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 statement of income and retained earnings 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: 


M Sandell
Director

Date: 20 November 2023

Page 1

 
MARK 2 MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Mark 2 Media Limited is a private company limited by shares and registered in England & Wales. The address of its registered office and principal place of business is Grange Barn, Liphook Road, Headley, Bordon, GU35 8NG.

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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue comprises distribution revenue receivable and is recognised in the Statement of Income and Retained Earnings in the period it is contractually due

 
2.3

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, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
3 years

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.

 
2.4

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.

 
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans to related parties.

Page 2

 
MARK 2 MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.6

Creditors

Short term creditors are measured at the transaction price, less any impairment.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 March 2022
715



At 28 February 2023

715



Depreciation


At 1 March 2022
476


Charge for the year on owned assets
239



At 28 February 2023

715



Net book value



At 28 February 2023
-



At 28 February 2022
239


5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
12,588
9,645

12,588
9,645


Page 3

 
MARK 2 MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
19,089
18,428

Accruals and deferred income
2,400
2,400

21,489
20,828



7.


Controlling party

During the current and preceeding year, the company was under the control of M Sandell by virtue of his shareholding.

 
Page 4