Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31No description of principal activityfalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-01true11truefalse 04387708 2023-01-01 2023-12-31 04387708 2022-01-01 2022-12-31 04387708 2023-12-31 04387708 2022-12-31 04387708 c:Director2 2023-01-01 2023-12-31 04387708 d:OfficeEquipment 2023-01-01 2023-12-31 04387708 d:OfficeEquipment 2023-12-31 04387708 d:OfficeEquipment 2022-12-31 04387708 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04387708 d:CurrentFinancialInstruments 2023-12-31 04387708 d:CurrentFinancialInstruments 2022-12-31 04387708 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04387708 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04387708 d:RetainedEarningsAccumulatedLosses 2023-12-31 04387708 d:RetainedEarningsAccumulatedLosses 2022-12-31 04387708 c:FRS102 2023-01-01 2023-12-31 04387708 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04387708 c:FullAccounts 2023-01-01 2023-12-31 04387708 c:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 04387708 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 04387708







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


MEDIA SMART UK LIMITED
(A Company Limited by Guarantee)






































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MEDIA SMART UK LIMITED
  
(A Company Limited by Guarantee)
REGISTERED NUMBER:04387708



BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
304
-

  
304
-

Current assets
  

Debtors: amounts falling due within one year
 5 
91,857
87,647

Cash at bank and in hand
  
124,917
184,602

  
216,774
272,249

Creditors: amounts falling due within one year
 6 
(203,644)
(241,541)

Net current assets
  
 
 
13,130
 
 
30,708

Total assets less current liabilities
  
13,434
30,708

  

Net assets
  
13,434
30,708


Capital and reserves
  

Profit and loss account
  
13,434
30,708

  
13,434
30,708


Page 1

 


MEDIA SMART UK LIMITED
  
(A Company Limited by Guarantee)
REGISTERED NUMBER:04387708


    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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 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: 




................................................
A Slater
Director

Date: 7 August 2024

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

Page 2

 


MEDIA SMART UK LIMITED
 
(A Company Limited by Guarantee)
 


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

1.


General information

The directors have pleasure in presenting their report and financial statements for the year ended 31 December 2023.

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

The Directors have reviewed the status of the company.  The company has attracted new members during the year and has now joined the Advertising Association group as a subsidiary and will receive assistance from the Association’s commercial team to recruit new members.  The company is budgeting to make a small surplus in 2024 but will be able to control costs if necessary.  The Directors accordingly believe that the company is a going concern for at least twelve months from the date of approval of the accounts and these are accordingly prepared on the going concern basis.

 
2.3

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. 
Turnover represents funding for the period receivable from members. Funding is invoiced on renewal and credited to the income and expenditure account in the financial year to which it relates and adjusted for accrued and deferred income. 

 
2.4

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, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
3 years

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.

Page 3

 


MEDIA SMART UK LIMITED
 
(A Company Limited by Guarantee)
 


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

2.Accounting policies (continued)

 
2.5

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.


3.


Employees








The average monthly number of employees, excluding directors, during the year was 1 (2022 -1).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2023
1,083


Additions
457



At 31 December 2023

1,540



Depreciation


At 1 January 2023
1,083


Charge for the year on owned assets
153



At 31 December 2023

1,236



Net book value



At 31 December 2023
304



At 31 December 2022
-

Page 4

 


MEDIA SMART UK LIMITED
 
(A Company Limited by Guarantee)
 


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

5.


Debtors

2023
2022
£
£


Trade debtors
55,500
85,500

Other debtors
290
-

Prepayments and accrued income
36,067
2,147

91,857
87,647



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
130,757
150,956

Corporation tax
65
65

Other taxation and social security
3,199
4,678

Accruals and deferred income
69,623
85,842

203,644
241,541




7.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.


8.


Ultimate controlling party

The company is deemed to be under the joint control of its members. The members consider there to be no ultimate controlling party.

Page 5