Caseware UK (AP4) 2023.0.135 2023.0.135 12023-01-01false1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06061415 2023-01-01 2023-12-31 06061415 2022-01-01 2022-12-31 06061415 2023-12-31 06061415 2022-12-31 06061415 c:Director1 2023-01-01 2023-12-31 06061415 d:FurnitureFittings 2023-01-01 2023-12-31 06061415 d:FurnitureFittings 2023-12-31 06061415 d:FurnitureFittings 2022-12-31 06061415 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06061415 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 06061415 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-31 06061415 d:CurrentFinancialInstruments 2023-12-31 06061415 d:CurrentFinancialInstruments 2022-12-31 06061415 d:Non-currentFinancialInstruments 2023-12-31 06061415 d:Non-currentFinancialInstruments 2022-12-31 06061415 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06061415 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 06061415 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 06061415 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 06061415 d:ShareCapital 2023-12-31 06061415 d:ShareCapital 2022-12-31 06061415 d:SharePremium 2023-12-31 06061415 d:SharePremium 2022-12-31 06061415 d:RetainedEarningsAccumulatedLosses 2023-12-31 06061415 d:RetainedEarningsAccumulatedLosses 2022-12-31 06061415 c:OrdinaryShareClass1 2023-01-01 2023-12-31 06061415 c:OrdinaryShareClass1 2023-12-31 06061415 c:OrdinaryShareClass1 2022-12-31 06061415 c:OrdinaryShareClass2 2023-01-01 2023-12-31 06061415 c:OrdinaryShareClass2 2023-12-31 06061415 c:OrdinaryShareClass2 2022-12-31 06061415 c:OrdinaryShareClass3 2023-01-01 2023-12-31 06061415 c:OrdinaryShareClass3 2023-12-31 06061415 c:OrdinaryShareClass3 2022-12-31 06061415 c:FRS102 2023-01-01 2023-12-31 06061415 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06061415 c:FullAccounts 2023-01-01 2023-12-31 06061415 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06061415 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 06061415













Amazing Media Group Limited

Financial statements
Information for filing with the registrar

31 December 2023




 
Amazing Media Group Limited


Balance sheet
At 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible fixed assets
  
1,961,255
2,083,834

Tangible assets
 5 
-
2,296

  
1,961,255
2,086,130

Current assets
  

Debtors
 6 
480,934
230,615

Cash at bank and in hand
  
2,108
737

  
483,042
231,352

Creditors: amounts falling due within one year
 7 
(1,561,496)
(1,776,377)

Net current liabilities
  
 
 
(1,078,454)
 
 
(1,545,025)

Total assets less current liabilities
  
882,801
541,105

Creditors: amounts falling due after more than one year
  
(44,505)
(72,005)

  

Net assets
  
838,296
469,100


Capital and reserves
  

Called up share capital 
 9 
1,566
1,566

Share premium account
  
10,273,457
10,273,457

Profit and loss account
  
(9,436,727)
(9,805,923)

Shareholders' funds
  
838,296
469,100


1

 
Amazing Media Group Limited

    
Balance sheet (continued)
At 31 December 2023

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 6 March 2025.




PA Campbell
Director

Registered number: 06061415
The notes on pages 3 to 8 form part of these financial statements. 

2

 
Amazing Media Group Limited
 
 

Notes to the financial statements
Year ended 31 December 2023

1.


General information

Amazing Media Group Limited ('the company') is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in England. The address of the registered office is Amazing Towers, Church Street, Gateshead, NE8 2AT.

2.Accounting policies

 
2.1

Statement of compliance

The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' (FRS 102) and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company's principal activity is described in the directors report.
The directors have prepared cash flow forecasts for the coming period, taking into account expected trading cash flows and other cash requirements as the business continues to expand. The company continues to meet its day-to-day working capital requirements through financial support from shareholders. The directors expect this to continue for the foreseeable future.
Thus the directors have reasonable expectation at the time of approving the financial statements that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the company continue to adopt the going concern basis in preparing the financial statements.

 
2.3

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

 
2.4

Revenue

The turnover shown in the profit and loss account represents the value of services delivered during the period, exclusive of Value Added Tax. Amounts invoiced are spread to match the delivery of service, with any timing difference between invoicing and revenue recognition presented as deferred or accrued income.

 
2.5

Research and development

Research expenditure is written off as it is incurred and charged to the profit & loss account. Development expenditure is written off, except where there is a separate project that is technically, commercially and financially viable. In these cases, the expenditure is deferred and amortised over the period the company is expected to gain benefit.

3

 
Amazing Media Group Limited
 

 
Notes to the financial statements
Year ended 31 December 2023

2.Accounting policies (continued)

 
2.6

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the statement of comprehensive income in the same period as the related expenditure.

 
2.7

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.  Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
Intangible assets acquired as part of a business combination are recorded at the fair value at the acquisition date.
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Development cost      -        5% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

 
2.8

Tangible fixed assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
 
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings
-
3 years straight line

4

 
Amazing Media Group Limited
 

 
Notes to the financial statements
Year ended 31 December 2023

2.Accounting policies (continued)

 
2.9

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. 


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 -1).

5

 
Amazing Media Group Limited
 
 

Notes to the financial statements
Year ended 31 December 2023

4.


Intangible assets




Development expenditure

£



Cost


At 1 January 2023
2,451,571



At 31 December 2023

2,451,571



Amortisation


At 1 January 2023
367,737


Charge for the year
122,579



At 31 December 2023

490,316



Net book value



At 31 December 2023
1,961,255



At 31 December 2022
2,083,834



6

 
Amazing Media Group Limited
 
 

Notes to the financial statements
Year ended 31 December 2023

5.


Tangible fixed assets





Fixtures and fittings

£



Cost


At 1 January 2023
16,300



At 31 December 2023

16,300



Depreciation


At 1 January 2023
14,004


Charge for the year
2,296



At 31 December 2023

16,300



Net book value



At 31 December 2023
-



At 31 December 2022
2,296


6.


Debtors

2023
2022
£
£


Trade debtors
3,867
8,280

Amounts owed by group undertakings
3,095
3,095

Other debtors
473,972
219,240

480,934
230,615


7

 
Amazing Media Group Limited
 
 

Notes to the financial statements
Year ended 31 December 2023

7.


Creditors: amounts falling due within one year

2023
2022
£
£

Bank loans
30,000
30,000

Other loans
120,597
371,057

Trade creditors
101,985
62,597

Other taxation and social security
223,370
218,227

Other creditors
809,570
814,522

Accruals and deferred income
275,974
279,974

1,561,496
1,776,377


The loan is secured by the way of a fixed and floating charge against the assets and intellectual property of the charging companies.


8.


Creditors: amounts falling due after more than one year

2023
2022
£
£

Bank loans
44,505
72,005

44,505
72,005


The loan is secured by the way of a fixed and floating charge against the assets and intellectual property of the charging companies.


9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



111,407 (2022 -111,407) Ordinary shares of £0.01 each
1,114
1,114
36,034 (2022 -36,034) Ordinary A shares of £0.01 each
360
360
9,183 (2022 -9,183) A Convertible Preference shares of £0.01 each
92
92

1,566

1,566


 
8