Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-318The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-05-01specialist design activitiesfalse2falsetrue 14077121 2023-05-01 2024-03-31 14077121 2022-05-01 2023-04-30 14077121 2024-03-31 14077121 2023-04-30 14077121 c:Director1 2023-05-01 2024-03-31 14077121 d:CurrentFinancialInstruments 2024-03-31 14077121 d:CurrentFinancialInstruments 2023-04-30 14077121 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14077121 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 14077121 d:ShareCapital 2024-03-31 14077121 d:ShareCapital 2023-04-30 14077121 d:RetainedEarningsAccumulatedLosses 2024-03-31 14077121 d:RetainedEarningsAccumulatedLosses 2023-04-30 14077121 c:OrdinaryShareClass1 2023-05-01 2024-03-31 14077121 c:OrdinaryShareClass1 2024-03-31 14077121 c:FRS102 2023-05-01 2024-03-31 14077121 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-03-31 14077121 c:FullAccounts 2023-05-01 2024-03-31 14077121 c:PrivateLimitedCompanyLtd 2023-05-01 2024-03-31 14077121 e:PoundSterling 2023-05-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 14077121














HURST MEDIA LABS LIMITED
UNAUDITED
 FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

 
HURST MEDIA LABS LIMITED
 

CONTENTS



Page
Statement of financial position
 
1 - 2
Notes to the financial statements
 
3 - 5

 
HURST MEDIA LABS LIMITED
REGISTERED NUMBER:14077121

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

31 March
30 April
2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
456
100

Cash at bank and in hand
  
2,041
33,600

  
2,497
33,700

Current liabilities
  

Creditors: amounts falling due within one year
 5 
(42,500)
(31,084)

Net current (liabilities)/assets
  
 
 
(40,003)
 
 
2,616

Total assets less current liabilities
  
(40,003)
2,616

  

Net (liabilities)/assets
  
(40,003)
2,616


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(40,103)
2,516

  
(40,003)
2,616


Page 1

 
HURST MEDIA LABS LIMITED
REGISTERED NUMBER:14077121
    
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 period 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 5 form part of these financial statements.
Page 2

 
HURST MEDIA LABS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Hurst Media Labs Limited is a private limited liability company registered in England and Wales. Its registered office address is The Frames, 1 Phipp Street, London, EC2A 4PS.
The principal activity of the company during the period was design activities.
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 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 following principal accounting policies have been applied:

 
2.2

Going concern

The company made a loss for the year and at the reporting date had net current liabilities and net liabilities. The directors have obtained assurances from the ultimate shareholder that funds will continue to be made available to the company so that it will be able to carry on trading and meet its financial obligations as and when they fall due for at least twelve months from the date the accounts are approved. The accounts have therefore been prepared under the going concern basis.

 
2.3

Turnover

Turnover is measured at the fair value of amounts receivable in respect of design and marketing services provided in the year, net of trade discounts and excluding value added tax. 
The company recognises revenue from design work in the period the service was provided.

 
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.

 
2.5

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 reporting date in the countries where the Company operates and generates income.

Page 3

 
HURST MEDIA LABS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable.


3.


Employees

The average monthly number of employees, including directors, during the period was 8 (2023 - 2).


4.


Debtors

31 March
30 April
2024
2023
£
£


Amounts owed by group undertakings
100
100

Other debtors
356
-

456
100



5.


Creditors: Amounts falling due within one year

31 March
30 April
2024
2023
£
£

Trade creditors
5,559
310

Taxation and social security
11,424
10,631

Other creditors
24,517
19,143

Accruals and deferred income
1,000
1,000

42,500
31,084


Page 4

 
HURST MEDIA LABS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

6.


Share capital

31 March
30 April
2024
2023
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1 each
100
100



7.


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 entity to the fund and amounted to £3,028 (2023 - £nil). Contributions totalling £3,498 (2023 - £nil) were payable to the fund at the reporting date and are included in creditors.


8.


Parent undertaking

The immediate and ultimate parent undertaking is Hurst Group Limited, a company registered in England and Wales with registered office address The Frames, 1 Phipp Street, London, EC2A 4PS.
 
Page 5