Caseware UK (AP4) 2023.0.135 2023.0.135 2022-12-312022-12-3112022-01-01falseNo description of principal activity1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03352758 2022-01-01 2022-12-31 03352758 2021-01-01 2021-12-31 03352758 2022-12-31 03352758 2021-12-31 03352758 c:Director1 2022-01-01 2022-12-31 03352758 d:PlantMachinery 2022-01-01 2022-12-31 03352758 d:PlantMachinery 2022-12-31 03352758 d:PlantMachinery 2021-12-31 03352758 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 03352758 d:CurrentFinancialInstruments 2022-12-31 03352758 d:CurrentFinancialInstruments 2021-12-31 03352758 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03352758 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 03352758 d:ShareCapital 2022-12-31 03352758 d:ShareCapital 2021-12-31 03352758 d:OtherMiscellaneousReserve 2022-12-31 03352758 d:OtherMiscellaneousReserve 2021-12-31 03352758 d:RetainedEarningsAccumulatedLosses 2022-12-31 03352758 d:RetainedEarningsAccumulatedLosses 2021-12-31 03352758 c:OrdinaryShareClass1 2022-01-01 2022-12-31 03352758 c:OrdinaryShareClass1 2022-12-31 03352758 c:OrdinaryShareClass1 2021-12-31 03352758 c:FRS102 2022-01-01 2022-12-31 03352758 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 03352758 c:FullAccounts 2022-01-01 2022-12-31 03352758 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 03352758 2 2022-01-01 2022-12-31 03352758 6 2022-01-01 2022-12-31 03352758 e:PoundSterling 2022-01-01 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 03352758














MEDIA ADVISORY SERVICES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED  31 DECEMBER 2022

 
MEDIA ADVISORY SERVICES LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 6


 
MEDIA ADVISORY SERVICES LIMITED
REGISTERED NUMBER:03352758

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
993
3,860

Investments
 5 
22,571
22,939

  
23,564
26,799

Current assets
  

Debtors: amounts falling due within one year
 6 
3,059,312
2,755,562

Cash at bank and in hand
  
626,572
612,419

  
3,685,884
3,367,981

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(3,167,593)
(2,841,532)

Net current assets
  
 
 
518,291
 
 
526,449

  

Net assets
  
541,855
553,248


Capital and reserves
  

Called up share capital 
 8 
259,981
259,981

Other reserves
  
11,715
11,715

Profit and loss account
  
270,159
281,552

  
541,855
553,248


Page 1

 
MEDIA ADVISORY SERVICES LIMITED
REGISTERED NUMBER:03352758
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2022

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 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 on 4 March 2024.




D Kadeyan
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
MEDIA ADVISORY SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Media Advisory Services Limited is a limited liability company registered in England and Wales. Its registered office address is at 2nd Floor Connaught House 1-3 Mount Street, London,  W1K 3NB.
The principal activity of the Company during the year was that of advisory 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 Company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the Company as an individual undertaking and not about its group.

The following principal accounting policies have been applied:

 
2.2

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.

 
2.3

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied in the year exclusive of trade discounts and excluding value added tax. 
 
Revenue is recognised when the service is provided.

 
2.4

Interest income

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

Page 3

 
MEDIA ADVISORY SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.5

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 reporting date in the countries where the Company operates and generates income.

 
2.6

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:

Plant and machinery
-
 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.

 
2.7

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting 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.

 
2.8

Basic financial instruments

The Company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans to related parties. 
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties. 
Cash and cash equivalents comprise cash balances and call deposits. 

Page 4

 
MEDIA ADVISORY SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2021 - 1).


4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 January 2022
14,204


Additions
750


Disposals
(13,567)



At 31 December 2022

1,387



Depreciation


At 1 January 2022
10,344


Charge for the year on owned assets
315


Disposals
(10,265)



At 31 December 2022

394



Net book value



At 31 December 2022
993



At 31 December 2021
3,860


5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 January 2022
22,939


Disposals
(368)



At 31 December 2022
22,571



Page 5

 
MEDIA ADVISORY SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

6.


Debtors

2022
2021
£
£


Amounts owed by group undertakings
3,058,358
2,733,912

Other debtors
954
21,650

3,059,312
2,755,562



7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
2,660
2,522

Other creditors
3,158,969
2,818,110

Accruals and deferred income
5,964
20,900

3,167,593
2,841,532



8.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



259,981 (2021 - 259,981) Ordinary shares of £1 each
259,981
259,981



9.


Related party transactions

The Company forms part of a wholly-owned group and accordingly has taken advantage of the exemption allowed under section 33.1A of FRS 102 not to disclose transactions with other group companies.

 
Page 6