Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falsetrue2023-04-01Advertising23falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10946147 2023-04-01 2024-03-31 10946147 2022-04-01 2023-03-31 10946147 2024-03-31 10946147 2023-03-31 10946147 c:Director1 2023-04-01 2024-03-31 10946147 d:CurrentFinancialInstruments 2024-03-31 10946147 d:CurrentFinancialInstruments 2023-03-31 10946147 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10946147 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10946147 d:ShareCapital 2024-03-31 10946147 d:ShareCapital 2023-03-31 10946147 d:RevaluationReserve 2024-03-31 10946147 d:RevaluationReserve 2023-03-31 10946147 d:RetainedEarningsAccumulatedLosses 2024-03-31 10946147 d:RetainedEarningsAccumulatedLosses 2023-03-31 10946147 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 10946147 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 10946147 d:TaxLossesCarry-forwardsDeferredTax 2024-03-31 10946147 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 10946147 c:OrdinaryShareClass1 2023-04-01 2024-03-31 10946147 c:OrdinaryShareClass1 2024-03-31 10946147 c:FRS102 2023-04-01 2024-03-31 10946147 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10946147 c:FullAccounts 2023-04-01 2024-03-31 10946147 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10946147 5 2023-04-01 2024-03-31 10946147 6 2023-04-01 2024-03-31 10946147 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 10946147














HURST MEDIA AGENCY LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
HURST MEDIA AGENCY LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 7


 
HURST MEDIA AGENCY LIMITED
REGISTERED NUMBER:10946147

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
23,700
23,700

Current assets
  

Debtors: amounts falling due within one year
 5 
1,287,349
372,944

Cash at bank and in hand
  
222,798
540,074

  
1,510,147
913,018

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(648,328)
(208,469)

Net current assets
  
 
 
861,819
 
 
704,549

Provisions for liabilities
  

Deferred tax
 7 
(175)
-

Net assets
  
885,344
728,249


Capital and reserves
  

Called up share capital 
 8 
1
1

Revaluation reserve
  
525
-

Profit and loss account
  
884,818
728,248

  
885,344
728,249


Page 1

 
HURST MEDIA AGENCY LIMITED
REGISTERED NUMBER:10946147
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 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 21 November 2024.




J A Hurst
Director

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

Page 2

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

1.


General information

Hurst Media Agency Limited is a private limited liability company registered in England and Wales. It's registered office address and principal place of business is at The Frames, 1 Phipp Street, London, EC2A 4PS.
The principal activity of the company during the year was that of an advertising agency. 
The company's functional and presentational currency is £ 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

Turnover

Turnover is measured at the fair value of amounts receivable in respect of services provided in the perod, net of trade discounts and excluding value added tax. 
The company recognises revenue from services when all contractual obligations have been met. 

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method.

 
2.4

Pensions

The company contributes to 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 Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Page 3

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

2.Accounting policies (continued)

 
2.5

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 reporting 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 reporting 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. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.6

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.7

Valuation of investments

Other investments are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Page 4

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

2.Accounting policies (continued)

 
2.8

Basic financial instruments

Basic financial instruments include trade and other debtors, trade and other creditors, cash and cash equivalents, and related party loans.
Trade and other debtors are recognised initially at the transaction price less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest.
Cash and cash equivalents comprise cash balances and call deposits.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 3).


4.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 April 2023
23,700



At 31 March 2024
23,700




Page 5

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

5.


Debtors

2024
2023
£
£


Trade debtors
509,192
251,426

Amounts owed by group undertakings
623,025
52,989

Other debtors
155,132
29,802

Deferred taxation
-
38,727

1,287,349
372,944



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
410,489
198,271

Other taxation and social security
2,206
4,899

Other creditors
2,044
3,929

Accruals and deferred income
233,589
1,370

648,328
208,469



7.


Deferred taxation




2024


£






At beginning of year
38,727


Charged to profit or loss
(38,902)



At end of year
(175)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(175)
-

Tax losses carried forward
-
38,727

(175)
38,727

Page 6

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

8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 Ordinary shares of £0.50 each
1
1



9.


Pension commitments

The company contributes to 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 £810 (2022 - £1,386). Contributions totaling £294 (2022 - £1,190) were payable to the fund at the reporting date and are included
in creditors.


10.


Parent undertaking

The immediate and ultimate parent undertaking is Hurst Group Limited, a company registered in England and Wales. It's registered office address is The Frames, 1 Phipp Street, London, EC2A 4PS.

 
Page 7