Caseware UK (AP4) 2023.0.135 2023.0.135 2023-06-302023-06-302022-07-01false21truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13433312 2022-07-01 2023-06-30 13433312 2021-07-01 2022-06-30 13433312 2023-06-30 13433312 2022-06-30 13433312 c:Director1 2022-07-01 2023-06-30 13433312 d:CurrentFinancialInstruments 2023-06-30 13433312 d:CurrentFinancialInstruments 2022-06-30 13433312 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 13433312 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 13433312 d:ShareCapital 2022-07-01 2023-06-30 13433312 d:ShareCapital 2023-06-30 13433312 d:ShareCapital 2021-07-01 2022-06-30 13433312 d:ShareCapital 2022-06-30 13433312 d:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 13433312 d:RetainedEarningsAccumulatedLosses 2023-06-30 13433312 d:RetainedEarningsAccumulatedLosses 2021-07-01 2022-06-30 13433312 d:RetainedEarningsAccumulatedLosses 2022-06-30 13433312 c:OrdinaryShareClass1 2022-07-01 2023-06-30 13433312 c:OrdinaryShareClass1 2023-06-30 13433312 c:OrdinaryShareClass1 2022-06-30 13433312 c:FRS102 2022-07-01 2023-06-30 13433312 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 13433312 c:FullAccounts 2022-07-01 2023-06-30 13433312 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 13433312 2 2022-07-01 2023-06-30 13433312 e:PoundSterling 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 13433312














KAP MEDIA LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

 
KAP MEDIA LIMITED
REGISTERED NUMBER:13433312

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
243,700
239,537

Cash at bank
 5 
366,232
159,477

  
609,932
399,014

Creditors: amounts falling due within one year
 6 
(152,258)
(135,468)

Net current assets
  
 
 
457,674
 
 
263,546

Total assets less current liabilities
  
457,674
263,546

  

Net assets
  
457,674
263,546


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
457,574
263,446

  
457,674
263,546


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 company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 profit and loss account 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: 




K Parisi
Director

Date: 12 March 2024

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

Page 1

 
KAP MEDIA LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the year

Profit for the year
-
265,446
265,446
Total comprehensive income for the year
-
265,446
265,446


Contributions by and distributions to owners

Dividends: Equity capital
-
(2,000)
(2,000)

Shares issued during the year
100
-
100


Total transactions with owners
100
(2,000)
(1,900)



At 1 July 2022
100
263,446
263,546


Comprehensive income for the year

Profit for the year
-
283,128
283,128
Total comprehensive income for the year
-
283,128
283,128


Contributions by and distributions to owners

Dividends: Equity capital
-
(89,000)
(89,000)


Total transactions with owners
-
(89,000)
(89,000)


At 30 June 2023
100
457,574
457,674


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

Page 2

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

1.


General information

KAP Media Limited is a private company, limited by shares, registered in England and Wales, registration number 13433312. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The principal activity of the company continued to be that of providing media and entertainment 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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

  
2.2

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 
Turnover from media and entertanment activities is recognised when it is probable the company will receive the rights to the consideration due under the contract.

 
2.4

Interest income

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

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

 
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.

Page 3

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

2.Accounting policies (continued)

 
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 corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

 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.

 
2.9

 Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.10

 Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

 Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors, trade and other creditors, and loans with related parties.

 
2.12

 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 the director, during the year was as follows:


        2023
        2022
            No.
            No.







Director
1
1



Staff
1
-

2
1

Page 4

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

4.


Debtors

2023
2022
£
£


Trade debtors
78,696
120,600

Other debtors
164,113
97,442

Prepayments and accrued income
891
21,495

243,700
239,537



5.


Cash

2023
2022
£
£

Cash at bank
366,232
159,477



6.


Creditors: amounts falling due within one year

2023
2022
£
£

Trade creditors
-
22,381

Corporation tax
73,235
62,381

Other taxation and social security
22,763
24,378

Accruals
56,260
26,328

152,258
135,468



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) ordinary shares of £1.00 each
100
100

The shares have attached to them full voting, dividend and capital distribution (including on winding up) rights; they do not confer any rights of redemption.


8.


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 £3,000 (2022 - £NIL). 

Page 5

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

9.


Transactions with the director

During the year, the company advanced £543,004 (2022 - £205,029) to the director of which £476,332 (2022 - £107,587) was repaid to the company. As at the year end, the director owed £164,114 (2022 - £97,442) to the company. Interest at official rate has been charged on the loan. The loan is unsecured and repayable on demand. 

 
Page 6