Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseNo description of principal activity37truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07150653 2022-04-01 2023-03-31 07150653 2021-04-01 2022-03-31 07150653 2023-03-31 07150653 2022-03-31 07150653 2021-04-01 07150653 c:Director5 2022-04-01 2023-03-31 07150653 d:FurnitureFittings 2022-04-01 2023-03-31 07150653 d:OfficeEquipment 2022-04-01 2023-03-31 07150653 d:CurrentFinancialInstruments 2023-03-31 07150653 d:CurrentFinancialInstruments 2022-03-31 07150653 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07150653 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 07150653 d:ShareCapital 2023-03-31 07150653 d:ShareCapital 2022-03-31 07150653 d:ShareCapital 2021-04-01 07150653 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 07150653 d:RetainedEarningsAccumulatedLosses 2023-03-31 07150653 d:RetainedEarningsAccumulatedLosses 2021-04-01 2022-03-31 07150653 d:RetainedEarningsAccumulatedLosses 2022-03-31 07150653 d:RetainedEarningsAccumulatedLosses 2021-04-01 07150653 c:OrdinaryShareClass1 2022-04-01 2023-03-31 07150653 c:OrdinaryShareClass1 2023-03-31 07150653 c:OrdinaryShareClass1 2022-03-31 07150653 c:OrdinaryShareClass2 2022-04-01 2023-03-31 07150653 c:OrdinaryShareClass2 2023-03-31 07150653 c:OrdinaryShareClass2 2022-03-31 07150653 c:FRS102 2022-04-01 2023-03-31 07150653 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 07150653 c:FullAccounts 2022-04-01 2023-03-31 07150653 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07150653 2 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07150653










H2 MULTIMEDIA LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
H2 MULTIMEDIA LIMITED
REGISTERED NUMBER: 07150653

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 3 
12,683
13,169

Cash at bank and in hand
 4 
1,017
5,556

  
13,700
18,725

Creditors: amounts falling due within one year
 5 
(444)
(1,859)

Net current assets
  
 
 
13,256
 
 
16,866

Total assets less current liabilities
  
13,256
16,866

  

Net assets
  
13,256
16,866


Capital and reserves
  

Called up share capital 
 6 
200
200

Profit and loss account
  
13,056
16,666

  
13,256
16,866


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 statement of comprehensive income 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: 




Mr P Watkins
Director

Date: 28 November 2023

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

Page 1

 
H2 MULTIMEDIA LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 April 2021
200
57,864
58,064



Profit for the year
-
1,802
1,802

Dividends: Equity capital
-
(43,000)
(43,000)



At 1 April 2022
200
16,666
16,866



Loss for the year
-
(3,610)
(3,610)


At 31 March 2023
200
13,056
13,256


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

Page 2

 
H2 MULTIMEDIA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

H2 Multimedia Limited is a private company limited by share capital and incorporated in England and Wales.The address of its registered office is 2 Communications Road, Greenham Business Park, Newbury, RG19 6AB.
The prinicpal activity of the Company is providing website design services.

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 is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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 revenue is recognised:

Rendering of services

Revenue 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 revenue 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

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
2.4

Interest income

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

  
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
H2 MULTIMEDIA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

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 balance sheet date in the countries where the Company operates and generates income.

 
2.8

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures & fittings
-
25%
Office equipment
-
25%

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.

 
2.9

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.

 
2.10

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.

Page 4

 
H2 MULTIMEDIA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.11

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.

  
2.12

Provision 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 econimic 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 balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertanities.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.14

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.

Page 5

 
H2 MULTIMEDIA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

3.


Debtors

2023
2022
£
£


Other debtors
12,683
13,169

12,683
13,169



4.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,017
5,556

1,017
5,556



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
444
-

Corporation tax
-
1,625

Other taxation and social security
-
234

444
1,859


Page 6

 
H2 MULTIMEDIA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



150 (2022 - 150) A Ordinary shares of £1 each
150
150
50 (2022 - 50) B Ordinary shares of £1 each
50
50

200

200



7.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £Nil (2022 - £216). Contributions totalling £NIL (2022 - £Nil) were payable to the fund at the balance sheet date.


8.


Related party transactions

The Company had common directors with H2 Creative (Bath) Limited. H2 Multimedia Limited traded on normal commercial terms with this company.
Dividends totalling £Nil (2022: £43,000) were paid to the directors during the year. 
At the year end the company was owed £11,116 (2022: £13,165) by H2 Creative (Bath) Limited.


9.


Controlling party

The Company is controlled by H2 Creative (Bath) Limited.


Page 7