Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-312023-09-01falseNo description of principal activity33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC431586 2023-09-01 2024-08-31 SC431586 2022-09-01 2023-08-31 SC431586 2024-08-31 SC431586 2023-08-31 SC431586 c:CompanySecretary1 2023-09-01 2024-08-31 SC431586 c:Director1 2023-09-01 2024-08-31 SC431586 c:Director2 2023-09-01 2024-08-31 SC431586 c:RegisteredOffice 2023-09-01 2024-08-31 SC431586 d:FurnitureFittings 2023-09-01 2024-08-31 SC431586 d:FurnitureFittings 2024-08-31 SC431586 d:FurnitureFittings 2023-08-31 SC431586 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 SC431586 d:ComputerEquipment 2023-09-01 2024-08-31 SC431586 d:ComputerEquipment 2024-08-31 SC431586 d:ComputerEquipment 2023-08-31 SC431586 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 SC431586 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 SC431586 d:PatentsTrademarksLicencesConcessionsSimilar 2023-09-01 2024-08-31 SC431586 d:ComputerSoftware 2024-08-31 SC431586 d:ComputerSoftware 2023-08-31 SC431586 d:CurrentFinancialInstruments 2024-08-31 SC431586 d:CurrentFinancialInstruments 2023-08-31 SC431586 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 SC431586 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 SC431586 d:ShareCapital 2024-08-31 SC431586 d:ShareCapital 2023-08-31 SC431586 d:RetainedEarningsAccumulatedLosses 2024-08-31 SC431586 d:RetainedEarningsAccumulatedLosses 2023-08-31 SC431586 c:OrdinaryShareClass1 2023-09-01 2024-08-31 SC431586 c:OrdinaryShareClass1 2024-08-31 SC431586 c:OrdinaryShareClass1 2023-08-31 SC431586 c:OrdinaryShareClass2 2023-09-01 2024-08-31 SC431586 c:OrdinaryShareClass2 2024-08-31 SC431586 c:OrdinaryShareClass2 2023-08-31 SC431586 c:OrdinaryShareClass3 2023-09-01 2024-08-31 SC431586 c:OrdinaryShareClass3 2024-08-31 SC431586 c:OrdinaryShareClass3 2023-08-31 SC431586 c:FRS102 2023-09-01 2024-08-31 SC431586 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 SC431586 c:FullAccounts 2023-09-01 2024-08-31 SC431586 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 SC431586 d:ComputerSoftware d:OwnedIntangibleAssets 2023-09-01 2024-08-31 SC431586 e:PoundSterling 2023-09-01 2024-08-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC431586










MB BROADCASTING & MEDIA Ltd
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

 
MB BROADCASTING & MEDIA LTD
 

COMPANY INFORMATION


Directors
Mr M Beaumont 
Mrs N Beaumont 




Company secretary
Mrs U Beaumont



Registered number
SC431586



Registered office
Fliskmillan
Newburgh

Cupar

Fife

KY14 6HN




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
MB BROADCASTING & MEDIA LTD
REGISTERED NUMBER: SC431586

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
360
720

Tangible assets
 5 
6,333
7,915

  
6,693
8,635

Current assets
  

Stocks
  
1,350
1,300

Debtors: amounts falling due within one year
 6 
113,092
154,268

Cash at bank and in hand
  
64,688
41,030

  
179,130
196,598

Creditors: amounts falling due within one year
 7 
(62,176)
(48,511)

Net current assets
  
 
 
116,954
 
 
148,087

Total assets less current liabilities
  
123,647
156,722

Provisions for liabilities
  

Deferred tax
  
(1,583)
(1,440)

  
 
 
(1,583)
 
 
(1,440)

Net assets
  
122,064
155,282


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
121,964
155,182

  
122,064
155,282


Page 1

 
MB BROADCASTING & MEDIA LTD
REGISTERED NUMBER: SC431586

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2024

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 statement of income and retained earnings 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 2 December 2024.



Mr M Beaumont
Director

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

Page 2

 
MB BROADCASTING & MEDIA LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

MB Broadcasting & Media Limited is a private company, limited by shares, incorporated in Scotland with the registration number SC431586. The registered office is Fliskmillan Farm Cottage, Newburgh, Cupar, Fife, KY14 6HN.

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 recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover 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 turnover 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.

Page 3

 
MB BROADCASTING & MEDIA LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.3

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.4

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 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 reporting date.

 
2.5

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.

 The estimated useful lives range as follows:

Computer software
-
5
years

Page 4

 
MB BROADCASTING & MEDIA LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.6

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:

Fixtures and fittings
-
15%
Computer equipment
-
33%

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.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.9

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.


3.


Employees

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

Page 5

 
MB BROADCASTING & MEDIA LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Intangible assets




Computer software

£



Cost


At 1 September 2023
1,800



At 31 August 2024

1,800



Amortisation


At 1 September 2023
1,080


Charge for the year on owned assets
360



At 31 August 2024

1,440



Net book value



At 31 August 2024
360



At 31 August 2023
720




5.


Tangible fixed assets





Fixtures and fittings
Equipment
Total

£
£
£



Cost or valuation


At 1 September 2023
7,377
12,872
20,249


Additions
-
1,666
1,666



At 31 August 2024

7,377
14,538
21,915



Depreciation


At 1 September 2023
2,372
9,962
12,334


Charge for the year on owned assets
1,072
2,176
3,248



At 31 August 2024

3,444
12,138
15,582



Net book value



At 31 August 2024
3,933
2,400
6,333



At 31 August 2023
5,005
2,910
7,915

Page 6

 
MB BROADCASTING & MEDIA LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

6.


Debtors

2024
2023
£
£


Trade debtors
17,765
12,624

Other debtors
94,206
140,489

Prepayments and accrued income
1,121
1,155

113,092
154,268



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,874
224

Other taxation and social security
44,277
39,907

Accruals and deferred income
16,025
8,380

62,176
48,511



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



75 (2023 - 75) Ordinary A shares of £1.00 each
75
75
15 (2023 - 15) Ordinary B shares of £1.00 each
15
15
10 (2023 - 10) Ordinary C shares of £1.00 each
10
10

100

100



9.


Transactions with directors

Included within other debtors is amounts due from the directors totalling £57,922 (2023 - £94,513). The loan is unsecured and interest is charged at 2.25%. The loan was fully repaid within 9 months of the year end.


Page 7