Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-31Television programme production activities2023-09-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2828truetruefalse 02946371 2023-09-01 2024-08-31 02946371 2022-09-01 2023-08-31 02946371 2024-08-31 02946371 2023-08-31 02946371 c:Director1 2023-09-01 2024-08-31 02946371 d:Buildings d:ShortLeaseholdAssets 2023-09-01 2024-08-31 02946371 d:Buildings d:ShortLeaseholdAssets 2024-08-31 02946371 d:Buildings d:ShortLeaseholdAssets 2023-08-31 02946371 d:PlantMachinery 2023-09-01 2024-08-31 02946371 d:PlantMachinery 2024-08-31 02946371 d:PlantMachinery 2023-08-31 02946371 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 02946371 d:FurnitureFittings 2023-09-01 2024-08-31 02946371 d:FurnitureFittings 2024-08-31 02946371 d:FurnitureFittings 2023-08-31 02946371 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 02946371 d:OfficeEquipment 2023-09-01 2024-08-31 02946371 d:OfficeEquipment 2024-08-31 02946371 d:OfficeEquipment 2023-08-31 02946371 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 02946371 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 02946371 d:CurrentFinancialInstruments 2024-08-31 02946371 d:CurrentFinancialInstruments 2023-08-31 02946371 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 02946371 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 02946371 d:ShareCapital 2024-08-31 02946371 d:ShareCapital 2023-08-31 02946371 d:RetainedEarningsAccumulatedLosses 2024-08-31 02946371 d:RetainedEarningsAccumulatedLosses 2023-08-31 02946371 c:FRS102 2023-09-01 2024-08-31 02946371 c:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 02946371 c:FullAccounts 2023-09-01 2024-08-31 02946371 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 02946371 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 02946371










CACTUS TV LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
CACTUS TV LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CACTUS TV LIMITED
FOR THE YEAR ENDED 31 AUGUST 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cactus TV Limited for the year ended 31 August 2024 which comprise  the Statement of financial position and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Cactus TV Limited, as a body, in accordance with the terms of our engagement letter dated 1st December 2021Our work has been undertaken solely to prepare for your approval the financial statements of Cactus TV Limited and state those matters that we have agreed to state to the Board of directors of Cactus TV Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cactus TV Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Cactus TV Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cactus TV Limited. You consider that Cactus TV Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Cactus TV Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



McColes & Co (Herts) Ltd
 
First Floor
28 Whitehorse Street
Baldock
Herts
SG7 6QQ
26 February 2025
Page 1

 
CACTUS TV LIMITED
REGISTERED NUMBER: 02946371

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 5 
23,542
32,698

  
23,542
32,698

Current assets
  

Debtors: amounts falling due within one year
 6 
846,791
999,390

Cash at bank and in hand
  
767,384
185,361

  
1,614,175
1,184,751

Creditors: amounts falling due within one year
 7 
(1,090,931)
(681,412)

Net current assets
  
 
 
523,244
 
 
503,339

Total assets less current liabilities
  
546,786
536,037

  

Net assets
  
546,786
536,037


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
546,686
535,937

  
546,786
536,037


Page 2

 
CACTUS TV LIMITED
REGISTERED NUMBER: 02946371
    
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 26 February 2025.




S J Ross
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
CACTUS TV LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.Accounting policies

 
1.1

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 presentational currency of the Company is GBP.

The following principal accounting policies have been applied:

 
1.2

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.

 
1.3

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.

 
1.4

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.

Page 4

 
CACTUS TV LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.Accounting policies (continued)

 
1.5

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.


 
1.6

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 methods below.

Depreciation is provided on the following basis:

S/Term Leasehold Property
-
25% straight line
Fixtures and fittings
-
25% straight line
Office equipment
-
33% 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.

 
1.7

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.

 
1.8

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.

 
1.9

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.

Page 5

 
CACTUS TV LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.Accounting policies (continued)

 
1.10

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.


2.


General information

The Company is a private company, limited by shares and registered in England.
Its registered number is: 02946371
Its Registered Office is: 
First Floor
28 Whitehorse Street
Baldock
Herts
SG7 6QQ


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

There have been no significant judgements made by management in preparing these financial statements.


4.


Employees

The average monthly number of employees, including directors, during the year was 27 (2023 - 28).

Page 6

 
CACTUS TV LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Tangible fixed assets





S/Term Leasehold Property
Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 September 2023
252,489
361,498
290,417
330,195
1,234,599


Additions
-
4,122
-
2,232
6,354



At 31 August 2024

252,489
365,620
290,417
332,427
1,240,953



Depreciation


At 1 September 2023
252,488
355,498
272,820
321,094
1,201,900


Charge for the year on owned assets
-
3,189
6,213
6,109
15,511



At 31 August 2024

252,488
358,687
279,033
327,203
1,217,411



Net book value



At 31 August 2024
1
6,933
11,384
5,224
23,542



At 31 August 2023
-
6,000
17,597
9,101
32,698


6.


Debtors

2024
2023
£
£


Trade debtors
304,559
330,465

Amounts owed by joint ventures and associated undertakings
415,000
425,000

Other debtors
6,430
13,028

Prepayments and accrued income
120,802
230,897

846,791
999,390


Page 7

 
CACTUS TV LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
142,996
8,755

Corporation tax
2,857
9,671

Other taxation and social security
192,156
90,118

Other creditors
495,489
394,833

Accruals and deferred income
257,433
178,035

1,090,931
681,412



8.


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 £39,932 (2023 - £20,084). Contributions totalling £3,991 (2023 - £4,419) were payable to the fund at the reporting date and are included in creditors.


9.


Related party transactions

During the period the Company paid rent and studio hire to an associated company Raucous Limited of £240,350 (2023: £105,600).
Included in other debtors is an amount due from an associated company, Natural Cube Limited. The  balance due at the reporting date is £415,000 (2023: £425,000).

 
Page 8