Caseware UK (AP4) 2023.0.135 2023.0.135 282024-04-01false33falsefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08235569 2024-04-01 2024-12-31 08235569 2022-11-01 2024-03-31 08235569 2024-12-31 08235569 2024-03-31 08235569 2022-11-01 08235569 c:Exceptional 2024-04-01 2024-12-31 08235569 c:Exceptional 2022-11-01 2024-03-31 08235569 c:ContinuingOperations 2024-04-01 2024-12-31 08235569 c:ContinuingOperations 2022-11-01 2024-03-31 08235569 c:DiscontinuedOperations 2024-04-01 2024-12-31 08235569 c:DiscontinuedOperations 2022-11-01 2024-03-31 08235569 c:ContinuingOperations c:Exceptional 2024-04-01 2024-12-31 08235569 c:ContinuingOperations c:Exceptional 2022-11-01 2024-03-31 08235569 c:DiscontinuedOperations c:Exceptional 2024-04-01 2024-12-31 08235569 c:DiscontinuedOperations c:Exceptional 2022-11-01 2024-03-31 08235569 d:Director1 2024-04-01 2024-12-31 08235569 d:Director4 2024-04-01 2024-12-31 08235569 d:Director4 2024-12-31 08235569 d:Director5 2024-04-01 2024-12-31 08235569 d:Director5 2024-12-31 08235569 d:Director6 2024-04-01 2024-12-31 08235569 d:RegisteredOffice 2024-04-01 2024-12-31 08235569 c:MotorVehicles 2024-04-01 2024-12-31 08235569 c:FurnitureFittings 2024-04-01 2024-12-31 08235569 c:PatentsTrademarksLicencesConcessionsSimilar 2024-04-01 2024-12-31 08235569 c:ComputerSoftware 2024-12-31 08235569 c:ComputerSoftware 2024-03-31 08235569 c:CurrentFinancialInstruments 2024-12-31 08235569 c:CurrentFinancialInstruments 2024-03-31 08235569 c:Non-currentFinancialInstruments 2024-12-31 08235569 c:Non-currentFinancialInstruments 2024-03-31 08235569 c:CurrentFinancialInstruments c:WithinOneYear 2024-12-31 08235569 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 08235569 c:Non-currentFinancialInstruments c:AfterOneYear 2024-12-31 08235569 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 08235569 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2024-12-31 08235569 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2024-03-31 08235569 c:ShareCapital 2024-04-01 2024-12-31 08235569 c:ShareCapital 2024-12-31 08235569 c:ShareCapital 2022-11-01 2024-03-31 08235569 c:ShareCapital 2024-03-31 08235569 c:ShareCapital 2022-11-01 08235569 c:SharePremium 2024-04-01 2024-12-31 08235569 c:SharePremium 2024-12-31 08235569 c:SharePremium 2022-11-01 2024-03-31 08235569 c:SharePremium 2024-03-31 08235569 c:SharePremium 2022-11-01 08235569 c:RetainedEarningsAccumulatedLosses 2024-04-01 2024-12-31 08235569 c:RetainedEarningsAccumulatedLosses 2024-12-31 08235569 c:RetainedEarningsAccumulatedLosses 2022-11-01 2024-03-31 08235569 c:RetainedEarningsAccumulatedLosses 2024-03-31 08235569 c:RetainedEarningsAccumulatedLosses 2022-11-01 08235569 c:AcceleratedTaxDepreciationDeferredTax 2024-12-31 08235569 c:AcceleratedTaxDepreciationDeferredTax 2024-03-31 08235569 c:TaxLossesCarry-forwardsDeferredTax 2024-12-31 08235569 c:TaxLossesCarry-forwardsDeferredTax 2024-03-31 08235569 c:RetirementBenefitObligationsDeferredTax 2024-12-31 08235569 c:RetirementBenefitObligationsDeferredTax 2024-03-31 08235569 d:FRS102 2024-04-01 2024-12-31 08235569 d:AuditExempt-NoAccountantsReport 2024-04-01 2024-12-31 08235569 d:FullAccounts 2024-04-01 2024-12-31 08235569 d:PrivateLimitedCompanyLtd 2024-04-01 2024-12-31 08235569 c:WithinOneYear 2024-12-31 08235569 c:WithinOneYear 2024-03-31 08235569 c:BetweenOneFiveYears 2024-12-31 08235569 c:BetweenOneFiveYears 2024-03-31 08235569 2 2024-04-01 2024-12-31 08235569 4 2024-04-01 2024-12-31 08235569 6 2024-04-01 2024-12-31 08235569 c:ComputerSoftware c:OwnedIntangibleAssets 2024-04-01 2024-12-31 08235569 e:PoundSterling 2024-04-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 08235569









Social Communications Group Limited







Unaudited

Directors' Report and Financial Statements

For the Period Ended 31 December 2024

 
Social Communications Group Limited
 
 
Company Information


Directors
J P Quinton-Barber 
P S Wrathmell 




Registered number
08235569



Registered office
3 Stockport Exchange

Stockport

Cheshire

SK1 3GG




Accountants
Hurst Accountants Limited
Chartered Accountants

3 Stockport Exchange

Stockport

SK1 3GG





 
Social Communications Group Limited
 

Contents



Page
Directors' Report
 
1 - 2
Statement of Comprehensive Income
 
3
Balance Sheet
 
4 - 5
Statement of Changes in Equity
 
6
Notes to the Financial Statements
 
7 - 15


 
Social Communications Group Limited
 
 
 
Directors' Report
For the Period Ended 31 December 2024

The directors present their report and the financial statements for the period ended 31 December 2024.

Principal activity

The company’s principal activity during the period under review was providing public relations consultancy and communications consultancy services.

Business review

The company returned to profit in the shortened nine-month accounting period up to the end of December 2024. This is supported by strong liquidity and a healthy cash flow position as we move into 2025.
This strong financial performance allowed the company to invest into a number of important areas, including:
• Brand relaunch – a refreshed Social brand that better reflects our services and sectors, including a new website    launched in May.
• Expanded services – reflecting areas of growth and opportunity, we invested in our consultation and design services,   bringing new colleagues and skills into the business.
• Great Places to Work – certified as a Great Place to Work with a staff satisfaction score of 96% (against a national    average of 54%)
• Taylor Bennett Foundation – a charity providing opportunities for young people from Black and Asian Minority    Ethnic backgrounds for careers in communications, we supported two 4-month placements. Both are now in full time  positions. 
• Channel 4 Content Creatives – a programme providing placements in the creative sector to young people from    disadvantaged backgrounds, we supported two 4-month placements which will run through to March 2025.
• Staff bonuses – we paid an agency wide end of year staff bonus to recognise the work delivered by the team.
On top of these various initiatives and investments, the company achieved a £14k pre-tax profit for the shortened accounting period from 1 April to 31 December 2024.
The Future
Despite the ongoing economic challenges, the company remains financially secure and is approaching the future with confidence. The senior management team is exploring options to grow the business with potential organic expansion of our office network and strategic acquisitions. A five-year plan will set out the overall ambitions for growth alongside a continued focus on delivering long-term value to our clients, colleagues, and stakeholders.

Page 1

 
Social Communications Group Limited
 
 
 
Directors' Report (continued)
For the Period Ended 31 December 2024


Directors

The directors who served during the period were:

J P Quinton-Barber 
C R L Phillips (resigned 1 April 2024)
D Cowan (resigned 1 April 2024)
P S Wrathmell 

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board and signed on its behalf.
 





................................................
J P Quinton-Barber
Director

Date: 24 February 2025

Page 2

 
Social Communications Group Limited
 
 
Statement of Comprehensive Income
For the Period Ended 31 December 2024

Continuing operations
Discontin'd operations
Total
Continuing operations
Discontinued operations
Total
9 months to December 2024
9 months to December 2024
9 months to December 2024
17 Months to March 2024
17 Months to March 2024
17 Months to March 2024
Note
£
£
£
£
£
£

  

Turnover
  
1,642,093
-
1,642,093
2,958,930
128,814
3,087,744

Cost of sale
  
(274,866)
-
(274,866)
(453,324)
(11,069)
(464,393)

Gross profit
  
1,367,227
-
1,367,227
2,505,606
117,745
2,623,351

Administrative expenses
  
(1,353,754)
-
(1,353,754)
(2,545,441)
(156,733)
(2,702,174)

Exceptional administrative expenses
 4 
-
-
-
(54,189)
(67,919)
(122,108)

Other operating income
  
-
-
-
1,690
-
1,690

Operating profit/(loss)
  
13,473
-
13,473
(92,334)
(106,907)
(199,241)

Interest receivable and similar income
  
625
-
625
860
-
860

Interest payable and similar expenses
  
(357)
-
(357)
(1,059)
-
(1,059)

Profit/(loss) before tax
  
13,741
-
13,741
(92,533)
(106,907)
(199,440)

Tax on profit/(loss)
  
35,034
-
35,034
(6,421)
-
(6,421)

Profit/(loss) for the financial period
  
48,775
-
48,775
(98,954)
(106,907)
(205,861)

There was no other comprehensive income for December 2024 (March 2024:£NIL).

The notes on pages 7 to 15 form part of these financial statements.

Page 3

 
Social Communications Group Limited
Registered number: 08235569

Balance Sheet
As at 31 December 2024

31 December
31 March
2024
2024
Note
£
£

Fixed assets
  

Intangible assets
 5 
7,431
8,584

Tangible assets
 6 
78,642
76,463

Investments
 7 
400
400

  
86,473
85,447

Current assets
  

Debtors: amounts falling due within one year
 8 
490,957
433,943

Cash at bank and in hand
  
231,970
268,901

  
722,927
702,844

Creditors: amounts falling due within one year
 9 
(268,604)
(270,407)

Net current assets
  
 
 
454,323
 
 
432,437

Total assets less current liabilities
  
540,796
517,884

Creditors: amounts falling due after more than one year
 10 
(4,409)
(12,231)

Provisions for liabilities
  

Deferred tax
 12 
-
(18,041)

  
 
 
-
 
 
(18,041)

Net assets
  
536,387
487,612


Capital and reserves
  

Called up share capital 
  
1,357
1,357

Share premium account
  
369,757
369,757

Profit and loss account
  
165,273
116,498

  
536,387
487,612


Page 4

 
Social Communications Group Limited
Registered number: 08235569
    
Balance Sheet (continued)
As at 31 December 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 period 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 were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
J P Quinton-Barber
Director

Date: 24 February 2025

The notes on pages 7 to 15 form part of these financial statements.

Page 5

 
Social Communications Group Limited
 

Statement of Changes in Equity
For the Period Ended 31 December 2024


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£


At 1 November 2022
1,400
369,757
322,359
693,516


Comprehensive income for the period

Loss for the period
-
-
(205,861)
(205,861)


Other comprehensive income for the period
-
-
-
-


Total comprehensive income for the period
-
-
(205,861)
(205,861)


Contributions by and distributions to owners

Shares cancelled during the period
(43)
-
-
(43)


Total transactions with owners
(43)
-
-
(43)



At 1 April 2024
1,357
369,757
116,498
487,612


Comprehensive income for the period

Profit for the period
-
-
48,775
48,775


Other comprehensive income for the period
-
-
-
-


Total comprehensive income for the period
-
-
48,775
48,775


Total transactions with owners
-
-
-
-


At 31 December 2024
1,357
369,757
165,273
536,387


The notes on pages 7 to 15 form part of these financial statements.

Page 6

 
Social Communications Group Limited
 
 
 
Notes to the Financial Statements
For the Period Ended 31 December 2024

1.


General information

Social Communications Group Limited is a private company, limited by shares and incorporated in England & Wales. The address of the registered office is 3 Stockport Exchange, Stockport, SK1 3GG.

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 directors have reviewed the financial position of the company, which achieved a pre-tax profit of £13,741 for the 9 month period. As at 31 December 2024, the company was in a net asset position of £536,387 (March 2024: £487,612). After assessing cash flow forecasts for the next 12 months, the directors believe the company has adequate resources to continue in operational existence. Therefore, these financial statements are prepared on a 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

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

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

Page 7

 
Social Communications Group Limited
 
 
 
Notes to the Financial Statements
For the Period Ended 31 December 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

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
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

Current and deferred taxation

The tax expense for the period 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.

 
2.10

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

Page 8

 
Social Communications Group Limited
 
 
 
Notes to the Financial Statements
For the Period Ended 31 December 2024

2.Accounting policies (continued)

 
2.11

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.

 Amortisation is provided on the following bases:

Intangible Assets
-
10%
straight line

 
2.12

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
20%
straight line
Fixtures, fittings and equipment
-
20%
reducing balance

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.

 
2.13

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.14

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.

 
2.15

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 9

 
Social Communications Group Limited
 
 
 
Notes to the Financial Statements
For the Period Ended 31 December 2024

2.Accounting policies (continued)

 
2.16

Creditors

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

 
2.17

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.


3.


Employees

The average monthly number of employees, including directors, during the period was 28 (March 2024 - 33).


4.


Exceptional items

2024
2024
£
£


Redundancy costs
-
122,108

-
122,108

During the period, the company had redundancy costs of £Nil (March 2024: £122,108), which are considered outside of the ordinary activities of the company.

Page 10

 
Social Communications Group Limited
 
 
 
Notes to the Financial Statements
For the Period Ended 31 December 2024

5.


Intangible assets






Other intangible assets

£



Cost


At 1 April 2024
15,375



At 31 December 2024

15,375



Amortisation


At 1 April 2024
6,791


Charge for the period on owned assets
1,153



At 31 December 2024

7,944



Net book value



At 31 December 2024
7,431



At 31 March 2024
8,584



Page 11

 
Social Communications Group Limited
 
 
 
Notes to the Financial Statements
For the Period Ended 31 December 2024

6.


Tangible fixed assets







Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2024
47,004
10,517
82,111
139,632


Additions
-
-
16,569
16,569



At 31 December 2024

47,004
10,517
98,680
156,201



Depreciation


At 1 April 2024
12,534
5,739
44,896
63,169


Charge for the period on owned assets
7,051
742
6,597
14,390



At 31 December 2024

19,585
6,481
51,493
77,559



Net book value



At 31 December 2024
27,419
4,036
47,187
78,642



At 31 March 2024
34,470
4,778
37,215
76,463


7.


Fixed asset investments








Shares in group undertakings and participating interests

£



Cost or valuation


At 1 April 2024
400



At 31 December 2024
400




Page 12

 
Social Communications Group Limited
 
 
 
Notes to the Financial Statements
For the Period Ended 31 December 2024

8.


Debtors

31 December
31 March
2024
2024
£
£


Trade debtors
353,051
301,566

Other debtors
43,553
57,039

Prepayments and accrued income
77,360
75,338

Deferred taxation
16,993
-

490,957
433,943



9.


Creditors: Amounts falling due within one year

31 December
31 March
2024
2024
£
£

Bank loans
10,397
10,204

Trade creditors
35,787
32,826

Other taxation and social security
102,026
97,761

Other creditors
18,624
16,300

Accruals and deferred income
101,770
113,316

268,604
270,407


A bank loan is secured by a fixed & floating charge over the assets of the company.


10.


Creditors: Amounts falling due after more than one year

31 December
31 March
2024
2024
£
£

Bank loans
4,409
12,231


A bank loan is secured by a fixed & floating charge over the assets of the company.

Page 13

 
Social Communications Group Limited
 
 
 
Notes to the Financial Statements
For the Period Ended 31 December 2024

11.


Loans


Analysis of the maturity of loans is given below:


31 December
31 March
2024
2024
£
£

Amounts falling due within one year

Bank loans
10,397
10,204

Amounts falling due 1-2 years

Bank loans
4,409
12,231



14,806
22,435


Page 14

 
Social Communications Group Limited
 
 
 
Notes to the Financial Statements
For the Period Ended 31 December 2024

12.


Deferred taxation






2024
2024


£

£






At beginning of the period
(18,041)
(11,995)


Charged to the profit or loss
35,034
(6,046)



At end of the period
16,993
(18,041)

The deferred taxation balance is made up as follows:

31 December
31 March
2024
2024
£
£


Accelerated capital allowances
19,660
19,116

Tax losses carried forward
35,250
-

Other timing differences
(1,403)
(1,075)

16,993
(18,041)


13.


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 £15,578 at the period end 31 December 2024 (March 2024: £46,493). Contributions totalling £5,615 (March 2024: £4,298) were payable to the fund at the balance sheet date.


14.


Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

31 December
31 March
2024
2024
£
£


Not later than 1 year
102,907
103,872

Later than 1 year and not later than 5 years
6,933
3,256

109,840
107,128

Page 15