Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30true2023-07-01false22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13433312 2023-07-01 2024-06-30 13433312 2022-07-01 2023-06-30 13433312 2024-06-30 13433312 2023-06-30 13433312 c:Director1 2023-07-01 2024-06-30 13433312 d:ComputerEquipment 2023-07-01 2024-06-30 13433312 d:ComputerEquipment 2024-06-30 13433312 d:ComputerEquipment 2023-06-30 13433312 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 13433312 d:CurrentFinancialInstruments 2024-06-30 13433312 d:CurrentFinancialInstruments 2023-06-30 13433312 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 13433312 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 13433312 d:ShareCapital 2024-06-30 13433312 d:ShareCapital 2023-06-30 13433312 d:RetainedEarningsAccumulatedLosses 2024-06-30 13433312 d:RetainedEarningsAccumulatedLosses 2023-06-30 13433312 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 13433312 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 13433312 d:TaxLossesCarry-forwardsDeferredTax 2024-06-30 13433312 d:TaxLossesCarry-forwardsDeferredTax 2023-06-30 13433312 c:OrdinaryShareClass1 2023-07-01 2024-06-30 13433312 c:OrdinaryShareClass1 2024-06-30 13433312 c:OrdinaryShareClass1 2023-06-30 13433312 c:FRS102 2023-07-01 2024-06-30 13433312 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 13433312 c:FullAccounts 2023-07-01 2024-06-30 13433312 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 13433312 2 2023-07-01 2024-06-30 13433312 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 13433312














KAP MEDIA LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

 
KAP MEDIA LIMITED
REGISTERED NUMBER:13433312

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,108
-

  
1,108
-

Current assets
  

Debtors: amounts falling due within one year
 5 
451,815
243,700

Cash at bank
 6 
271,412
366,232

  
723,227
609,932

Creditors: amounts falling due within one year
 7 
(224,318)
(152,258)

Net current assets
  
 
 
498,909
 
 
457,674

Total assets less current liabilities
  
500,017
457,674

Provisions for liabilities
  

Deferred tax
 8 
(235)
-

  
 
 
(235)
 
 
-

Net assets
  
499,782
457,674


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
499,682
457,574

  
499,782
457,674


Page 1

 
KAP MEDIA LIMITED
REGISTERED NUMBER:13433312
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 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 her 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 by: 




K Parisi
Director

Date: 22 January 2025

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

Page 2

 
KAP MEDIA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

KAP Media Limited is a private company, limited by shares, registered in England and Wales, registration number 13433312. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The principal activity of the company continued to be that of providing media and entertainment services.
 
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 the Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

  
2.2

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

 
2.3

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. 
Turnover from media and entertanment activities is recognised when it is probable the company will receive the rights to the consideration due under the contract.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

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.

 
2.6

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.

Page 3

 
KAP MEDIA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.7

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 corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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.

 
2.8

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:

Equipment
-
25%
straight-line

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.

 
2.9

 Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

 Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

Page 4

 
KAP MEDIA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.11

 Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

 Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors, trade and other creditors, and loans with related parties.

 
2.13

 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 the director, during the year was 2 (2023 - 2). 


4.


Tangible fixed assets





Equipment

£



Cost


Additions
1,477



At 30 June 2024

1,477



Depreciation


Charge for the year
369



At 30 June 2024

369



Net book value



At 30 June 2024
1,108



At 30 June 2023
-

Page 5

 
KAP MEDIA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Debtors

2024
2023
£
£


Trade debtors
115,200
78,696

Other debtors
282,145
164,113

Prepayments and accrued income
54,470
891

451,815
243,700



6.


Cash

2024
2023
£
£

Cash at bank
271,412
366,232



7.


Creditors: amounts falling due within one year

2024
2023
£
£

Corporation tax
138,801
73,235

Other taxation and social security
37,747
22,763

Other creditors
168
-

Accruals
47,602
56,260

224,318
152,258



8.


Deferred taxation




2024


£






Charged to profit or loss
235



At end of year
235

Page 6

 
KAP MEDIA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
 
8.Deferred taxation (continued)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Fixed assets timing difference
277
-

Short term timing differences
(42)
-

235
-


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) ordinary shares of £1.00 each
100
100



10.


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 £9,196 (2023 - £3,000). Contributions totalling £168 (2023 - £NIL) were payable to the fund at the balance sheet date and are included in creditors. 


11.


Transactions with the director

During the year, the company advanced £527,494 (2024 - £534,932) to the director. As at the year end, the director owed £282,145 (2023 - £164,113) to the company. The loan is unsecured, repayable on demand and interest at the official rate has been charged. 
During the year, dividends of £375,000 (2023 - £NIL) were paid to the director.

 
Page 7