Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04552219 2023-04-01 2024-03-31 04552219 2022-04-01 2023-03-31 04552219 2024-03-31 04552219 2023-03-31 04552219 c:Director1 2023-04-01 2024-03-31 04552219 d:FurnitureFittings 2023-04-01 2024-03-31 04552219 d:FurnitureFittings 2024-03-31 04552219 d:FurnitureFittings 2023-03-31 04552219 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04552219 d:ComputerEquipment 2023-04-01 2024-03-31 04552219 d:ComputerEquipment 2024-03-31 04552219 d:ComputerEquipment 2023-03-31 04552219 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04552219 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04552219 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 04552219 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 04552219 d:CurrentFinancialInstruments 2024-03-31 04552219 d:CurrentFinancialInstruments 2023-03-31 04552219 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 04552219 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04552219 d:ShareCapital 2024-03-31 04552219 d:ShareCapital 2023-03-31 04552219 d:RetainedEarningsAccumulatedLosses 2024-03-31 04552219 d:RetainedEarningsAccumulatedLosses 2023-03-31 04552219 c:FRS102 2023-04-01 2024-03-31 04552219 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04552219 c:FullAccounts 2023-04-01 2024-03-31 04552219 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04552219 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 04552219









THE MESSAGING CENTRE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
THE MESSAGING CENTRE LIMITED
REGISTERED NUMBER: 04552219

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
294,223
350,741

Tangible assets
 5 
-
501

  
294,223
351,242

Current assets
  

Debtors: amounts falling due within one year
 6 
137,368
134,889

Cash at bank and in hand
  
118
79

  
137,486
134,968

Creditors: amounts falling due within one year
 7 
(2,256,146)
(2,253,698)

Net current liabilities
  
 
 
(2,118,660)
 
 
(2,118,730)

Total assets less current liabilities
  
(1,824,437)
(1,767,488)

  

Net liabilities
  
(1,824,437)
(1,767,488)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(1,824,438)
(1,767,489)

  
(1,824,437)
(1,767,488)


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 his 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 7 October 2024.

P L Tanner
Director

The notes on pages 3 to 7 form part of these financial statements.
Page 1

 
THE MESSAGING CENTRE LIMITED
REGISTERED NUMBER: 04552219
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024


Page 2

 
THE MESSAGING CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The Messaging Centre Limited is a private company limited by shares and incorporated in England. The address of the registered office is 124 Finchley Road, London, NW3 5JS. The address of its principal place of business is Centa House, 61 Birkenhead Street, London, WC1H 8BB.

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

The following principal accounting policies have been applied:

 
2.2

Going concern

After reviewing the company's forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for at least 12 months from the date of approval of the financial statements. The company therefore continues to adopt the going concern basis in preparing its financial statements.

 
2.3

Research and development

Deferred research and development costs are reviewed annually, and where future benefits are deemed to have ceased or to be in doubt, the balance of any related research and development is written off through profit or loss. 

 
2.4

Intangible assets

The intangible fixed asset comprises the cost of a patent, developing computer systems and the website and is stated at historical cost less accumulated amortisation. The amortisation rate is calculated to write off the cost of the asset over its expected useful life on the following basis:
Development expenditure                               25% straight line
Patent Costs                                                    10% straight line 

 
2.5

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.

Page 3

 
THE MESSAGING CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

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:

Fixtures & fittings
-
25%
reducing balance
Computer equipment
-
25%
reducing balance

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.

 
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short term creditors are measured at the transaction price. 

 
2.9

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to and from  related parties.  
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

  
2.10

Functional and presentation currency

The company's functional and presentational currency is GBP.

Page 4

 
THE MESSAGING CENTRE 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 1 (2023 - 1).


4.


Intangible assets




Patent and Development costs

£



Cost


At 1 April 2023
565,185



At 31 March 2024

565,185



Amortisation


At 1 April 2023
214,444


Charge for the year on owned assets
56,518



At 31 March 2024

270,962



Net book value



At 31 March 2024
294,223



At 31 March 2023
350,741



Page 5

 
THE MESSAGING CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Fixtures & fittings
Computer equipment
Total

£
£
£





At 1 April 2023
17,118
566
17,684


Disposals
(17,118)
(566)
(17,684)



At 31 March 2024

-
-
-





At 1 April 2023
16,751
432
17,183


Charge for the year on owned assets
92
34
126


Disposals
(16,843)
(466)
(17,309)



At 31 March 2024

-
-
-



Net book value



At 31 March 2024
-
-
-



At 31 March 2023
367
134
501


6.


Debtors

2024
2023
£
£


Other debtors
137,368
134,889

137,368
134,889



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
15
15

Amounts owed to group undertakings
2,256,131
2,253,683

2,256,146
2,253,698


Page 6

 
THE MESSAGING CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Transactions with directors

Included within other debtors is a loan to P Tanner, a director, amounting to £137,336 (2023: £132,998). This amount is repaid in full within 9 months of the year end. 

 
Page 7