Caseware UK (AP4) 2022.0.179 2022.0.179 2023-12-312023-12-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-01falsetrue33 12631525 2023-01-01 2023-12-31 12631525 2023-12-31 12631525 2022-01-01 2022-12-31 12631525 2022-12-31 12631525 c:Director1 2023-01-01 2023-12-31 12631525 d:CurrentFinancialInstruments 2023-12-31 12631525 d:CurrentFinancialInstruments 2022-12-31 12631525 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12631525 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12631525 d:ShareCapital 2023-12-31 12631525 d:ShareCapital 2022-12-31 12631525 c:FRS102 2023-01-01 2023-12-31 12631525 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12631525 c:FullAccounts 2023-01-01 2023-12-31 12631525 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 12631525


GLOBAL AG MEDIA UK LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023


 
GLOBAL AG MEDIA UK LTD
REGISTERED NUMBER: 12631525

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
3,172
2,165

Cash at bank and in hand
 5 
3,156
4,418

  
6,328
6,583

Creditors: amounts falling due within one year
 6 
(6,228)
(6,483)

Net current assets
  
 
 
100
 
 
100

Total assets less current liabilities
  
100
100

  

Net assets
  
100
100


Capital and reserves
  

Called up share capital 
  
100
100

  
100
100


Page 1

 
GLOBAL AG MEDIA UK LTD
REGISTERED NUMBER: 12631525
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 her 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: 




................................................
Sarah Mikesell Mintus
Director
Date: 18 February 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
GLOBAL AG MEDIA UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Global Ag Media UK Ltd is a private company limited by shares, incorporated in England and Wales. registration number 12631525. The address of the registered office is 8 King Edward Street, Oxford, Oxfordshire, OX1 4HL.

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

Pensions

Defined contribution pension plan
The company contributes to 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.

 
2.4

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.

Page 3

 
GLOBAL AG MEDIA UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

 
2.7

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.

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).


4.


Debtors

2023
2022
£
£


Amounts owed by parent company
1,053
-

Prepayments and accrued income
2,119
2,165

3,172
2,165


Page 4

 
GLOBAL AG MEDIA UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
3,156
4,418

3,156
4,418



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to parent company
-
420

Other taxation and social security
3,042
3,494

Other creditors
421
404

Accruals and deferred income
2,765
2,165

6,228
6,483



7.


Pension commitments

The company contributes to 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  £2,115 
(2022 - £2,031). Contributions totaling £421 (2022 - £404)  were payable to the fund at the balance sheet date and are included in other creditors.


8.


Related party transactions

During the year, the company recharged expenses incurred to its parent company at cost. At balance sheet date the parent owed the company £1,053 (2022 - was owed £420). This loan is interest free and repayable on demand. 


9.


Controlling party

The company is controlled by Global Ag Media LLC by Virtue of its 100% share holding. The address of Global Ag Media LLC is as follows;
2835 Clara Ave
Aurora
Illinois
United States
60502

 
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