Caseware UK (AP4) 2023.0.135 2023.0.135 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.true2023-01-01falseSale of AV equipment.1410true 06767271 2023-01-01 2023-12-31 06767271 2022-01-01 2022-12-31 06767271 2023-12-31 06767271 2022-12-31 06767271 c:Director8 2023-01-01 2023-12-31 06767271 d:PlantMachinery 2023-01-01 2023-12-31 06767271 d:PlantMachinery 2023-12-31 06767271 d:PlantMachinery 2022-12-31 06767271 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06767271 d:FurnitureFittings 2023-01-01 2023-12-31 06767271 d:FurnitureFittings 2023-12-31 06767271 d:FurnitureFittings 2022-12-31 06767271 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06767271 d:ComputerEquipment 2023-01-01 2023-12-31 06767271 d:ComputerEquipment 2023-12-31 06767271 d:ComputerEquipment 2022-12-31 06767271 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06767271 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06767271 d:Goodwill 2023-01-01 2023-12-31 06767271 d:Goodwill 2023-12-31 06767271 d:Goodwill 2022-12-31 06767271 d:ComputerSoftware 2023-12-31 06767271 d:ComputerSoftware 2022-12-31 06767271 d:CurrentFinancialInstruments 2023-12-31 06767271 d:CurrentFinancialInstruments 2022-12-31 06767271 d:Non-currentFinancialInstruments 2023-12-31 06767271 d:Non-currentFinancialInstruments 2022-12-31 06767271 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06767271 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 06767271 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 06767271 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 06767271 d:ShareCapital 2023-12-31 06767271 d:ShareCapital 2022-12-31 06767271 d:RetainedEarningsAccumulatedLosses 2023-12-31 06767271 d:RetainedEarningsAccumulatedLosses 2022-12-31 06767271 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 06767271 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 06767271 c:FRS102 2023-01-01 2023-12-31 06767271 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06767271 c:FullAccounts 2023-01-01 2023-12-31 06767271 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06767271 d:Goodwill d:ExternallyAcquiredIntangibleAssets 2023-01-01 2023-12-31 06767271 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2023-01-01 2023-12-31 06767271 6 2023-01-01 2023-12-31 06767271 d:ExternallyAcquiredIntangibleAssets 2023-01-01 2023-12-31 06767271 d:Goodwill d:OwnedIntangibleAssets 2023-01-01 2023-12-31 06767271 d:ComputerSoftware d:OwnedIntangibleAssets 2023-01-01 2023-12-31 06767271 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 06767271












ONEMEDIA SERVICES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED
 31 DECEMBER 2023



















 


img76e4.png
01483 755 399
hamlyns.com

 
ONEMEDIA SERVICES LIMITED
REGISTERED NUMBER: 06767271

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
133,256
120,000

Tangible assets
 5 
25,777
21,692

Fixed asset investments
  
100
100

  
159,133
141,792

Current assets
  

Stocks
  
18,654
51,700

Debtors: amounts falling due within one year
 7 
714,638
430,571

Cash at bank and in hand
  
300,599
168,592

  
1,033,891
650,863

Creditors: amounts falling due within one year
 8 
(719,097)
(431,854)

Net current assets
  
 
 
314,794
 
 
219,009

Total assets less current liabilities
  
473,927
360,801

Creditors: amounts falling due after more than one year
 9 
(93,283)
(131,884)

Provisions for liabilities
  

Deferred tax
 10 
(4,850)
-

  
 
 
(4,850)
 
 
-

Net assets
  
375,794
228,917


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
374,794
227,917

  
375,794
228,917


Page 1

 
ONEMEDIA SERVICES LIMITED
REGISTERED NUMBER: 06767271

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 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 on 22 August 2024.




Sean Cooke
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
ONEMEDIA SERVICES LIMITED
 

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

1.


General information

Onemedia Services Limited is a private company, limited by shares, registered in England and Wales.  The company's registered number and registered office address can be found below: 
Registered number: 06767271
Registered office address: Bryants Farm Kiln Road, Dunsden, Reading, England, RG4 9PB
The presentation currecny of the financial statements is Pound Sterling (£)

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 believe the entity continues to be a going concern and have prepared the accounts on this 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. 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.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the profit and loss account in the same period as the related expenditure.

Page 3

 
ONEMEDIA SERVICES LIMITED
 

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

2.Accounting policies (continued)

 
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. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

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.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 
ONEMEDIA SERVICES LIMITED
 

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

2.Accounting policies (continued)

 
2.9

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the profit and loss account over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.10

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:

Plant and machinery
-
33%
on cost
Fixtures and fittings
-
33%
on cost
Computer equipment
-
33%
on cost

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.

 
2.11

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.12

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.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's balance sheet when the Company becomes party to the contractual provisions of the instrument.
Page 5

 
ONEMEDIA SERVICES LIMITED
 

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

2.Accounting policies (continued)


2.12
Financial instruments (continued)


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.

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 14 (2022 - 10).


4.


Intangible assets




Computer software
Goodwill
Total

£
£
£



Cost


At 1 January 2023
-
140,000
140,000


Additions
37,739
-
37,739



At 31 December 2023

37,739
140,000
177,739



Amortisation


At 1 January 2023
-
20,000
20,000


Charge for the year on owned assets
10,483
14,000
24,483



At 31 December 2023

10,483
34,000
44,483



Net book value



At 31 December 2023
27,256
106,000
133,256



At 31 December 2022
-
120,000
120,000



Page 6

 
ONEMEDIA SERVICES LIMITED
 

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

5.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2023
2,723
48,034
5,318
56,075


Additions
-
14,574
-
14,574



At 31 December 2023

2,723
62,608
5,318
70,649



Depreciation


At 1 January 2023
108
28,957
5,318
34,383


Charge for the year on owned assets
908
9,581
-
10,489



At 31 December 2023

1,016
38,538
5,318
44,872



Net book value



At 31 December 2023
1,707
24,070
-
25,777



At 31 December 2022
2,615
19,077
-
21,692

Page 7

 
ONEMEDIA SERVICES LIMITED
 

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

6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
100



At 31 December 2023
100






Net book value



At 31 December 2023
100



At 31 December 2022
100


7.


Debtors

2023
2022
£
£


Trade debtors
691,927
402,160

Other debtors
9,903
4,716

Prepayments and accrued income
12,808
22,431

Deferred taxation
-
1,264

714,638
430,571



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
38,600
38,600

Trade creditors
321,448
157,618

Corporation tax
24,662
3,783

Other taxation and social security
82,596
64,138

Other creditors
17,324
9,194

Accruals and deferred income
234,467
158,521

719,097
431,854


Page 8

 
ONEMEDIA SERVICES LIMITED
 

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

9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
93,283
131,884

93,283
131,884



10.


Deferred taxation




2023


£






At beginning of year
1,264


Charged to profit or loss
(6,114)



At end of year
(4,850)

The deferred taxation balance is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(4,850)
1,264

(4,850)
1,264



11.


Transactions with directors - current year

The following advances and credits to a director subsisted during the year ended 31 December 2023:

R Sheriff
W Hetherington
J Jeffreys
C Wood
        £
        £
        £
        £

Balance outstanding at the start of the year

141

367

1,232
 
1,600
 
Amounts advanced

-

-

-
 
-
 
Amounts repaid during the year

-

-

-
 
-
 
Balance outstanding at the end of the year

141

367

1,232
 
1,600
 

Page 9

 
ONEMEDIA SERVICES LIMITED
 

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


12.


Transactions with directors - prior year

The following advances and credits to a director subsisted during the year ended 31 December 2022:

R Sheriff
W Hetherington
J Jeffreys
C Wood
        £
        £
        £
        £

Balance outstanding at the start of the year

-

569

1,258
 
1,296
 
Amounts advanced

141

369

-
 
304
 
Amounts repaid during the year

-

(571)

(26)
 
-
 

141

367

1,232
 
1,600
 


Page 10