Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31true142023-04-01falseThe principal activity of that of promotion and advertising via text messaging.14trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08034745 2023-04-01 2024-03-31 08034745 2022-04-01 2023-03-31 08034745 2024-03-31 08034745 2023-03-31 08034745 c:Director1 2023-04-01 2024-03-31 08034745 d:PlantMachinery 2023-04-01 2024-03-31 08034745 d:PlantMachinery 2024-03-31 08034745 d:PlantMachinery 2023-03-31 08034745 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08034745 d:MotorVehicles 2023-04-01 2024-03-31 08034745 d:MotorVehicles 2024-03-31 08034745 d:MotorVehicles 2023-03-31 08034745 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08034745 d:FurnitureFittings 2023-04-01 2024-03-31 08034745 d:FurnitureFittings 2024-03-31 08034745 d:FurnitureFittings 2023-03-31 08034745 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08034745 d:OfficeEquipment 2023-04-01 2024-03-31 08034745 d:OfficeEquipment 2024-03-31 08034745 d:OfficeEquipment 2023-03-31 08034745 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08034745 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08034745 d:CurrentFinancialInstruments 2024-03-31 08034745 d:CurrentFinancialInstruments 2023-03-31 08034745 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08034745 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08034745 d:ShareCapital 2024-03-31 08034745 d:ShareCapital 2023-03-31 08034745 d:RetainedEarningsAccumulatedLosses 2024-03-31 08034745 d:RetainedEarningsAccumulatedLosses 2023-03-31 08034745 c:FRS102 2023-04-01 2024-03-31 08034745 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08034745 c:FullAccounts 2023-04-01 2024-03-31 08034745 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08034745 2 2023-04-01 2024-03-31 08034745 6 2023-04-01 2024-03-31 08034745 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 08034745









TEXT MANAGEMENT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
TEXT MANAGEMENT LIMITED
REGISTERED NUMBER: 08034745

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
434,634
348,846

Investments
 5 
78,500
22,500

  
513,134
371,346

Current assets
  

Stocks
  
3,234
-

Debtors: amounts falling due within one year
 6 
1,291,224
1,643,384

Cash at bank and in hand
 7 
1,723,698
1,263,982

  
3,018,156
2,907,366

Creditors: amounts falling due within one year
 8 
(1,025,450)
(815,382)

Net current assets
  
 
 
1,992,706
 
 
2,091,984

Total assets less current liabilities
  
2,505,840
2,463,330

  

Net assets
  
2,505,840
2,463,330


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
2,505,740
2,463,230

  
2,505,840
2,463,330


Page 1

 
TEXT MANAGEMENT LIMITED
REGISTERED NUMBER: 08034745
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 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 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.





................................................
James Swift
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
TEXT MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Text Management Limited is a private company limited by share capital. The Company was incorporated in England and Wales. The principal activity of the Company throughout the year was that of promotion and advertising via text messaging.

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 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 following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

 
TEXT MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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:

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.

 
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.

 
2.5

Interest income

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

 
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 4

 
TEXT MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

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 balance sheet date in the countries where the Company operates and generates income.

 
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, on a straight line and a reducing balance basis..

Depreciation is provided on the following basis:

Fixtures & fittings
-
15% reducing balance
Motor vehicles
-
20% reducing balance
Office equipment
-
3 years straight line
Other fixed asset investments
-
Not depreciated

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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

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.

Page 5

 
TEXT MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.12

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.

 
2.13

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.

 
2.14

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 directors, during the year was 14 (2023 - 14).

Page 6

 
TEXT MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Fixtures & fittings
Motor vehicles
Office equipment
Other fixed asset investments
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
-
10,495
86,305
339,643
436,443


Additions
16,667
-
-
123,046
139,713


Disposals
-
-
-
(49,387)
(49,387)



At 31 March 2024

16,667
10,495
86,305
413,302
526,769



Depreciation


At 1 April 2023
-
2,239
85,358
-
87,597


Charge for the year on owned assets
2,292
1,651
595
-
4,538



At 31 March 2024

2,292
3,890
85,953
-
92,135



Net book value



At 31 March 2024
14,375
6,605
352
413,302
434,634



At 31 March 2023
-
8,256
947
339,643
348,846


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
22,500


Additions
56,000



At 31 March 2024
78,500




Page 7

 
TEXT MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£


Trade debtors
508,178
240,543

Amounts owed by group undertakings
-
318,937

Amounts owed by joint ventures and associated undertakings
251,414
603,260

Other debtors
152,997
181,908

Prepayments and accrued income
378,635
298,736

1,291,224
1,643,384



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,723,698
1,263,982

1,723,698
1,263,982



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
350,980
296,575

Amounts owed to group undertakings
27,747
26,525

Amounts owed to joint ventures and associated undertakings
4,272
-

Corporation tax
79,473
113,398

Other taxation and social security
69,100
67,949

Other creditors
2,797
4,760

Accruals and deferred income
491,081
306,175

1,025,450
815,382



9.


Pension commitments

The Company operates a defined pension 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 £8,462 (2023 - £9,028). Contributions totalling £1,888 (2023 - £1,822) were payable to the fund at the balance sheet date and are included in creditors.

Page 8

 
TEXT MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Related party transactions

During the year the Company made net transactions of £319,068 (2023 - £342,496) with Text Management (Holdings) Limited, the parent company. At the year end the Company owed £131 (2023 - £318,937 owed from) to Text Management (Holdings) Limited.
During the year the Company made net transactions of £1,091 (2023 - £26,093) with Ardent Digital Services Limited, a subsidiary company. At the year end the Company owed £27,616 (2023 - £26,525) to Ardent Digital Services Limited.
Also during the year the Company made net transactions of £199,302 (2023 - £399,724) with Team West Limited, a company in which the director, James Swift, is also a director and shareholder. At the year end the Company was owed £248,958 (2023 - £448,260) by Team West Limited.
Also during the year the Company made net transactions of £54,742 (2023 - £54,846) with Thatcham Pizza Limited, a subsidiary of Team West Limited and a company in which the director, James Swift, is also a director and shareholder. At the year end the Company was owed  £258 (2023 - £55,000) by Thatcham Pizza Limited.
Also during the year the Company made net transactions of £99,233 (2023 - £99,628) with KKWJS Limited, a  company in which the director, James Swift, is also a director and shareholder. At the year end the Company was owed £767 (2023 - £100,000) by KKWJS Limited.
 

Page 9

 
TEXT MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

11.


Controlling party

The ultimate holding company is Text Management (Holdings) Limited. The Company is controlled by James Swift by virtue of his shareholding in the parent company, Text Management (Holdings) Limited.

 
Page 10