Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31true2023-02-01falseNo description of principal activity2119falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05831632 2023-02-01 2024-01-31 05831632 2022-02-01 2023-01-31 05831632 2024-01-31 05831632 2023-01-31 05831632 6 2023-02-01 2024-01-31 05831632 6 2022-02-01 2023-01-31 05831632 d:Director1 2023-02-01 2024-01-31 05831632 d:RegisteredOffice 2023-02-01 2024-01-31 05831632 e:Buildings 2023-02-01 2024-01-31 05831632 e:Buildings 2024-01-31 05831632 e:Buildings 2023-01-31 05831632 e:Buildings e:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 05831632 e:Buildings e:LongLeaseholdAssets 2023-02-01 2024-01-31 05831632 e:Buildings e:ShortLeaseholdAssets 2023-02-01 2024-01-31 05831632 e:Buildings e:ShortLeaseholdAssets 2024-01-31 05831632 e:Buildings e:ShortLeaseholdAssets 2023-01-31 05831632 e:PlantMachinery 2023-02-01 2024-01-31 05831632 e:PlantMachinery 2024-01-31 05831632 e:PlantMachinery 2023-01-31 05831632 e:PlantMachinery e:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 05831632 e:ComputerEquipment 2023-02-01 2024-01-31 05831632 e:ComputerEquipment 2024-01-31 05831632 e:ComputerEquipment 2023-01-31 05831632 e:ComputerEquipment e:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 05831632 e:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 05831632 e:CurrentFinancialInstruments 2024-01-31 05831632 e:CurrentFinancialInstruments 2023-01-31 05831632 e:Non-currentFinancialInstruments 2024-01-31 05831632 e:Non-currentFinancialInstruments 2023-01-31 05831632 e:CurrentFinancialInstruments e:WithinOneYear 2024-01-31 05831632 e:CurrentFinancialInstruments e:WithinOneYear 2023-01-31 05831632 e:Non-currentFinancialInstruments e:AfterOneYear 2024-01-31 05831632 e:Non-currentFinancialInstruments e:AfterOneYear 2023-01-31 05831632 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2024-01-31 05831632 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2023-01-31 05831632 e:UKTax 2023-02-01 2024-01-31 05831632 e:UKTax 2022-02-01 2023-01-31 05831632 e:ShareCapital 2024-01-31 05831632 e:ShareCapital 2023-01-31 05831632 e:RetainedEarningsAccumulatedLosses 2024-01-31 05831632 e:RetainedEarningsAccumulatedLosses 2023-01-31 05831632 e:AcceleratedTaxDepreciationDeferredTax 2024-01-31 05831632 e:AcceleratedTaxDepreciationDeferredTax 2023-01-31 05831632 e:TaxLossesCarry-forwardsDeferredTax 2024-01-31 05831632 e:TaxLossesCarry-forwardsDeferredTax 2023-01-31 05831632 d:OrdinaryShareClass1 2023-02-01 2024-01-31 05831632 d:OrdinaryShareClass1 2024-01-31 05831632 d:OrdinaryShareClass1 2023-01-31 05831632 d:FRS102 2023-02-01 2024-01-31 05831632 d:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 05831632 d:FullAccounts 2023-02-01 2024-01-31 05831632 d:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 05831632 f:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 05831632









URBYE MEDIA LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

 
URBYE MEDIA LIMITED
 
 
COMPANY INFORMATION


Director
T A Urbye 




Registered number
05831632



Registered office
66-68 Margaret Street

London

W1W 8SR




Accountants
Ecovis Wingrave Yeats UK Limited
Chartered Accountants

3rd Floor, Waverley House

7-12 Noel Street

London

W1F 8GQ





 
URBYE MEDIA LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 12


 
URBYE MEDIA LIMITED
REGISTERED NUMBER: 05831632

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
673,341
674,056

  
673,341
674,056

Current assets
  

Debtors: amounts falling due within one year
 6 
483,997
395,066

Cash at bank and in hand
  
690,432
1,010,005

  
1,174,429
1,405,071

Creditors: amounts falling due within one year
 7 
(421,332)
(445,135)

Net current assets
  
 
 
753,097
 
 
959,936

Total assets less current liabilities
  
1,426,438
1,633,992

Creditors: amounts falling due after more than one year
 8 
-
(40,790)

Provisions for liabilities
  

Deferred tax
 10 
(135,839)
(129,112)

  
 
 
(135,839)
 
 
(129,112)

Net assets
  
1,290,599
1,464,090


Capital and reserves
  

Called up share capital 
 11 
15,000
15,000

Profit and loss account
  
1,275,599
1,449,090

  
1,290,599
1,464,090


Page 1

 
URBYE MEDIA LIMITED
REGISTERED NUMBER: 05831632
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

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 statement of comprehensive income 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 28 October 2024.




T A Urbye
Director

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
URBYE MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Urbye Media Limited, is a private company, limited by shares, domiciled in England and Wales, registration number 05831632. The registered office is 66-68 Margaret Street, London, W1W 8SR. 

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 Section 1A of 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 judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Going concern

The director is committed to ensuring that the Company can meet its liabilities as and when they fall due for a period of at least 12 months from the date of approval of these financial statements. As a result, the directors consider it appropriate that these financial statements are 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. 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

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

 
URBYE MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Land is not depreciated. Depreciation on other assets 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:

Leasehold improvements
-
20%
Plant & machinery
-
25%
Computer equipment
-
25%

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.

 
2.5

Financial instruments

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.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument 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.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 4

 
URBYE MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
 
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

Page 5

 
URBYE MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.10

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 21 (2023 - 19).

Page 6

 
URBYE MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Taxation


2024
2023
£
£

Corporation tax


Current tax on profits for the year
17,100
134,663

Adjustments in respect of previous periods
-
(2,749)


17,100
131,914


Total current tax
17,100
131,914

Deferred tax


Origination and reversal of timing differences
6,727
(19,542)

Total deferred tax
6,727
(19,542)


Tax on profit
23,827
112,372

Factors affecting tax charge for the year

The tax assessed for the year is lower than (2023 - lower than) the standard rate of corporation tax in the UK of 24.03% (2023 - 19%). The differences are explained below:

2024
2023
£
£


Profit on ordinary activities before tax
21,336
625,790


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 24.03% (2023 - 19%)
5,127
118,900

Effects of:


Fixed asset differences
12,623
(8,235)

Expenses not deductible for tax purposes, other than goodwill amortisation and impairment
7,944
7,069

Marginal relief
(2,129)
-

Adjustments to tax charge in respect of previous periods
-
(2,749)

Adjustments to tax charge in respect of previous periods - deferred tax
-
2,733

Remeasurement of deferred tax for changes in tax rates
262
(5,346)

Total tax charge for the year
23,827
112,372

Page 7

 
URBYE MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Tangible fixed assets





Leasehold improvements
Land and buildings
Plant and machinery
Computer equipment

£
£
£
£



Cost or valuation


At 1 February 2023
126,357
141,652
1,288,472
524,345


Additions
188,646
-
-
134,656



At 31 January 2024

315,003
141,652
1,288,472
659,001



Depreciation


At 1 February 2023
17,484
-
1,134,054
255,232


Charge for the year on owned assets
56,851
-
131,011
136,155



At 31 January 2024

74,335
-
1,265,065
391,387



Net book value



At 31 January 2024
240,668
141,652
23,407
267,614



At 31 January 2023
108,873
141,652
154,418
269,113
Page 8

 
URBYE MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

           5.Tangible fixed assets (continued)


Total

£



Cost or valuation


At 1 February 2023
2,080,826


Additions
323,302



At 31 January 2024

2,404,128



Depreciation


At 1 February 2023
1,406,770


Charge for the year on owned assets
324,017



At 31 January 2024

1,730,787



Net book value



At 31 January 2024
673,341



At 31 January 2023
674,056


Page 9

 
URBYE MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


Debtors

2024
2023
£
£


Trade debtors
296,528
215,014

Other debtors
97,656
97,656

Prepayments and accrued income
89,813
82,396

483,997
395,066



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
35,414
67,104

Trade creditors
72,202
45,769

Corporation tax
17,100
131,914

Other taxation and social security
82,964
113,939

Obligations under finance lease and hire purchase contracts
-
5,858

Other creditors
32,448
20,063

Accruals and deferred income
181,204
60,488

421,332
445,135


For further information on the bank loans please see note 9. 


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
-
40,790

-
40,790


For further information on the bank loans please see note 9. 

Page 10

 
URBYE MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
35,414
67,104


35,414
67,104

Amounts falling due 1-2 years

Bank loans
-
40,790


-
40,790



35,414
107,894


In 2020 the company obtained a CBILS loan for an amount of £250,000. The first 12 months of the loan were interest free and backed by the Government. From August 2021 interest has been charged on the loan at a rate of 6.8% per annum. Post year-end, as of July 2024, this loan was paid off in full. 


10.


Deferred taxation




2024


£






At beginning of year
(129,112)


Charged to profit or loss
(6,727)



At end of year
(135,839)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Fixed asset timing differences
(129,624)
(130,626)

Short term timing differences
(6,215)
1,514

(135,839)
(129,112)

Page 11

 
URBYE MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



15,000 (2023 - 15,000) Ordinary shares shares of £1.00 each
15,000
15,000



12.


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 £89,727 (2023 - £72,380). Contributions totaling £6,389 (2023 - £6,056) were payable to the fund at the balance sheet date and are included in other creditors.


13.


Related party transactions

Included within other creditors, an amount of £3,045 (2023 - £3,279) remains owing to a director of the Company. This amount is unsecured, interest-free and repayable on demand.

 
Page 12