Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-30false2023-07-01Radio broadcasting11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06623585 2023-07-01 2024-06-30 06623585 2022-07-01 2023-06-30 06623585 2024-06-30 06623585 2023-06-30 06623585 c:Director1 2023-07-01 2024-06-30 06623585 d:FurnitureFittings 2023-07-01 2024-06-30 06623585 d:FurnitureFittings 2024-06-30 06623585 d:FurnitureFittings 2023-06-30 06623585 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 06623585 d:CurrentFinancialInstruments 2024-06-30 06623585 d:CurrentFinancialInstruments 2023-06-30 06623585 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 06623585 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 06623585 d:ShareCapital 2024-06-30 06623585 d:ShareCapital 2023-06-30 06623585 d:RetainedEarningsAccumulatedLosses 2024-06-30 06623585 d:RetainedEarningsAccumulatedLosses 2023-06-30 06623585 c:FRS102 2023-07-01 2024-06-30 06623585 c:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 06623585 c:FullAccounts 2023-07-01 2024-06-30 06623585 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 06623585 2 2023-07-01 2024-06-30 06623585 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 06623585










HEAD ON MEDIA LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
HEAD ON MEDIA LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HEAD ON MEDIA LIMITED
FOR THE YEAR ENDED 30 JUNE 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 Head on Media Limited for the year ended 30 June 2024 which comprise  the Statement of financial position, the Statement of changes in equity 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 director of Head on Media Limited in accordance with the terms of our engagement letter dated 25th May 2023Our work has been undertaken solely to prepare for your approval the financial statements of Head on Media Limited and state those matters that we have agreed to state to the director of Head on Media Limited 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 Head on Media Limited and its director for our work or for this report. 

It is your duty to ensure that Head on Media 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 loss of Head on Media Limited. You consider that Head on Media 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 Head on Media 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
25 March 2025
Page 1

 
HEAD ON MEDIA LIMITED
REGISTERED NUMBER: 06623585

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
178
266

  
178
266

Current assets
  

Debtors: amounts falling due within one year
 5 
-
2,739

Cash at bank and in hand
  
2,900
1,145

  
2,900
3,884

Creditors: amounts falling due within one year
 6 
(25,133)
(24,018)

Net current liabilities
  
 
 
(22,233)
 
 
(20,134)

Total assets less current liabilities
  
(22,055)
(19,868)

  

Net liabilities
  
(22,055)
(19,868)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(22,056)
(19,869)

  
(22,055)
(19,868)


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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 25 March 2025.




Page 2

 
HEAD ON MEDIA LIMITED
REGISTERED NUMBER: 06623585
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

S J Eddon
Director

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
HEAD ON MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
1.2

Going concern

At 30 June 2024, the company had net liabilities of £22,055. The Company is reliant on the support of the director. It is the intention of the director to support the Company and therefore these accounts have been prepared on a going concern basis.

 
1.3

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:

Sale of goods

Revenue 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 revenue 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

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.

 
1.4

Interest income

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

Page 4

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

1.Accounting policies (continued)

 
1.5

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:

Fixtures and fittings
-
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.

 
1.6

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.

 
1.7

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.

 
1.8

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

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

2.


General information

The Company is a private company, limited by shares and registered in England.
Its registered number is: 6623585
Its Registered Office is:
First Floor
28 Whitehorse Street
Baldock
Hertfordshire
SG7 6QQ


3.


Employees

The average monthly number of employees, including the director, during the year was as follows:


        2024
        2023
            No.
            No.







Director
1
1


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 July 2023
2,242



At 30 June 2024

2,242



Depreciation


At 1 July 2023
1,976


Charge for the year on owned assets
88



At 30 June 2024

2,064



Net book value



At 30 June 2024
178



At 30 June 2023
266

Page 6

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

5.


Debtors

2024
2023
£
£


Other debtors
-
2,739

-
2,739



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
389
-

Other creditors
23,744
23,018

Accruals and deferred income
1,000
1,000

25,133
24,018



7.


Related party transactions

The amount due to the director S J Eddon and included in other creditors at the reporting date was £23,744 (2023: £23,018). The loan does not attract a rate of interest and is repayable on demand.

 
Page 7