Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30false42022-07-01No description of principal activity4falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09003066 2022-07-01 2023-06-30 09003066 2021-07-01 2022-06-30 09003066 2023-06-30 09003066 2022-06-30 09003066 c:Director1 2022-07-01 2023-06-30 09003066 d:MotorVehicles 2022-07-01 2023-06-30 09003066 d:MotorVehicles 2023-06-30 09003066 d:MotorVehicles 2022-06-30 09003066 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 09003066 d:OfficeEquipment 2022-07-01 2023-06-30 09003066 d:OfficeEquipment 2023-06-30 09003066 d:OfficeEquipment 2022-06-30 09003066 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 09003066 d:ComputerEquipment 2022-07-01 2023-06-30 09003066 d:ComputerEquipment 2023-06-30 09003066 d:ComputerEquipment 2022-06-30 09003066 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 09003066 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 09003066 d:CurrentFinancialInstruments 2023-06-30 09003066 d:CurrentFinancialInstruments 2022-06-30 09003066 d:Non-currentFinancialInstruments 2023-06-30 09003066 d:Non-currentFinancialInstruments 2022-06-30 09003066 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09003066 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 09003066 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 09003066 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 09003066 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 09003066 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-06-30 09003066 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 09003066 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-06-30 09003066 d:ShareCapital 2023-06-30 09003066 d:ShareCapital 2022-06-30 09003066 d:RetainedEarningsAccumulatedLosses 2023-06-30 09003066 d:RetainedEarningsAccumulatedLosses 2022-06-30 09003066 c:OrdinaryShareClass2 2022-07-01 2023-06-30 09003066 c:OrdinaryShareClass2 2023-06-30 09003066 c:OrdinaryShareClass2 2022-06-30 09003066 c:OrdinaryShareClass3 2022-07-01 2023-06-30 09003066 c:OrdinaryShareClass3 2023-06-30 09003066 c:OrdinaryShareClass3 2022-06-30 09003066 c:OrdinaryShareClass4 2022-07-01 2023-06-30 09003066 c:OrdinaryShareClass4 2023-06-30 09003066 c:OrdinaryShareClass4 2022-06-30 09003066 c:FRS102 2022-07-01 2023-06-30 09003066 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 09003066 c:FullAccounts 2022-07-01 2023-06-30 09003066 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 09003066 d:HirePurchaseContracts d:WithinOneYear 2023-06-30 09003066 d:HirePurchaseContracts d:WithinOneYear 2022-06-30 09003066 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-06-30 09003066 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-06-30 09003066 2 2022-07-01 2023-06-30 09003066 6 2022-07-01 2023-06-30 09003066 e:PoundSterling 2022-07-01 2023-06-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 09003066









BETUP MEDIA LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
BETUP MEDIA LIMITED
REGISTERED NUMBER: 09003066

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
70,704
104,608

Investments
 5 
117,370
117,370

  
188,074
221,978

Current assets
  

Debtors
 6 
73,411
30,000

Cash at bank and in hand
 7 
438,167
354,742

  
511,578
384,742

Creditors: amounts falling due within one year
 8 
(358,245)
(185,849)

Net current assets
  
 
 
153,333
 
 
198,893

Total assets less current liabilities
  
341,407
420,871

Creditors: amounts falling due after more than one year
 9 
(74,315)
(101,940)

  

Net assets
  
267,092
318,931


Capital and reserves
  

Called up share capital 
 12 
100
100

Profit and loss account
  
266,992
318,831

  
267,092
318,931


Page 1

 
BETUP MEDIA LIMITED
REGISTERED NUMBER: 09003066
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

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 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: 



J S Green
Director

Date: 19 February 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
BETUP MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Betup Media Limited is a private company limited by shares and incorporated in England & Wales (registered number 09003066). The registered office is 101 New Cavendish Street, 1st Floor South, London, England, W1W 6XH.
The principal activity of the company continued to be that of marketing 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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. As a result, the director considers it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
BETUP MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

 
2.6

Interest income

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

 
2.7

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.

Page 4

 
BETUP MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
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:

Motor vehicles
-
25%
Straight line
Office equipment
-
25%
Reducing balance
Computer equipment
-
25%
Reducing balance

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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.10

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.

 
2.11

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 5

 
BETUP MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.12

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.

 
2.13

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 4).


4.


Tangible fixed assets





Motor vehicles
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 July 2022
96,384
27,313
56,293
179,990


Additions
-
-
2,897
2,897



At 30 June 2023

96,384
27,313
59,190
182,887



Depreciation


At 1 July 2022
40,160
14,732
20,489
75,381


Charge for the year on owned assets
24,096
3,146
9,560
36,802



At 30 June 2023

64,256
17,878
30,049
112,183



Net book value



At 30 June 2023
32,128
9,435
29,141
70,704



At 30 June 2022
56,224
12,581
35,803
104,608

Page 6

 
BETUP MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 July 2022
117,370



At 30 June 2023
117,370





6.


Debtors

2023
2022
£
£



Amounts owed by group undertakings
73,411
30,000

73,411
30,000



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
438,167
354,742

438,167
354,742



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,000
10,000

Corporation tax
92,839
74,499

Other taxation and social security
1,805
2,129

Obligations under finance lease and hire purchase contracts
12,000
12,000

Other creditors
238,601
80,692

Accruals and deferred income
3,000
6,529

358,245
185,849


Page 7

 
BETUP MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
18,146
33,772

Net obligations under finance leases and hire purchase contracts
56,169
68,168

74,315
101,940



10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 1-2 years

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 2-5 years

Bank loans
8,146
23,772


8,146
23,772


28,146
43,772


Page 8

 
BETUP MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
12,000
12,000

Between 1-5 years
56,168
68,168

68,168
80,168

Page 9

 
BETUP MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

12.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



45 (2022 - 45) Ordinary - A shares of £1.00 each
45
45
50 (2022 - 50) Ordinary- B shares of £1.00 each
50
50
5 (2022 - 5) Ordinary- C shares of £1.00 each
5
5

100

100


 
Page 10