Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseOther service activities not elsewhere classified33truetruefalse 04397947 2023-04-01 2024-03-31 04397947 2022-04-01 2023-03-31 04397947 2024-03-31 04397947 2023-03-31 04397947 c:Director1 2023-04-01 2024-03-31 04397947 c:Director2 2023-04-01 2024-03-31 04397947 d:OfficeEquipment 2024-03-31 04397947 d:OfficeEquipment 2023-03-31 04397947 d:CurrentFinancialInstruments 2024-03-31 04397947 d:CurrentFinancialInstruments 2023-03-31 04397947 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 04397947 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04397947 d:ShareCapital 2024-03-31 04397947 d:ShareCapital 2023-03-31 04397947 d:RetainedEarningsAccumulatedLosses 2024-03-31 04397947 d:RetainedEarningsAccumulatedLosses 2023-03-31 04397947 c:FRS102 2023-04-01 2024-03-31 04397947 c:Audited 2023-04-01 2024-03-31 04397947 c:FullAccounts 2023-04-01 2024-03-31 04397947 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04397947 c:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04397947 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 04397947










MEDIA EXCEL LIMITED










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
MEDIA EXCEL LIMITED
REGISTERED NUMBER: 04397947

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
203,568
167,565

Cash at bank and in hand
  
3,981
3,518

  
207,549
171,083

Creditors: amounts falling due within one year
 6 
(32,962)
(15,638)

Net current assets
  
 
 
174,587
 
 
155,445

Total assets less current liabilities
  
174,587
155,445

  

Net assets
  
174,587
155,445


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
173,587
154,445

  
174,587
155,445


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 on 13 August 2024.




M J Dent
S A Laird
Director
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
MEDIA EXCEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Media Excel Limited is a private Company limited by shares, incorporated in England and Wales (registered number: 04397947). Its registered office is On Line House, Pelham Road, Immingham, North East Lincolnshire, DN40 1AB. The principal activity of the Company throughout the year continued to be that of graphic designing.

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 Company's functional and presentational currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue recognition

Turnover 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. Turnover 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

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 balance sheet date in the countries where the Company operates and generates income.

Page 2

 
MEDIA EXCEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities such as bank and cash balances, trade and other accounts receivable
and payable, loans from banks and other third parties and loans to and from related parties.
 

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 3

 
MEDIA EXCEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2023
193



At 31 March 2024

193



Depreciation


At 1 April 2023
193



At 31 March 2024

193



Net book value



At 31 March 2024
-



At 31 March 2023
-


5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
202,524
167,295

Other debtors
662
-

Prepayments and accrued income
382
270

203,568
167,565


Page 4

 
MEDIA EXCEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
177
458

Amounts owed to group undertakings
12,334
8,953

Corporation tax
11,714
-

Other taxation and social security
2,385
4,647

Accruals and deferred income
6,352
1,580

32,962
15,638



7.Other financial commitments

The Company is subject to a fixed and floating charge over all assets of the Company, providing a cross guarantee against an overdraft held in another group company. The value of the potential liability is subject to variation depending on the amount of overdraft being utilised.


8.


Controlling party

The ultimate parent is On Line Group Limited, a Company incorporated in England and Wales, by virtue of its 75.1% shareholding in the Company. 

On Line Group Limited is the largest and smallest Group of undertakings for which group accounts are drawn up and of which the Company is a member. The consolidated financial statements for On Line Group Limited can be obtained from their registered office or Companies House. 


9.


Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2024 was unqualified.

The audit report was signed on 13 August 2024 by Andrew Irvine (Senior Statutory Auditor) on behalf of Shorts.

 
Page 5