Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-312023-04-01falseNo description of principal activity1515truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03338604 2023-04-01 2024-03-31 03338604 2022-04-01 2023-03-31 03338604 2024-03-31 03338604 2023-03-31 03338604 c:Director1 2023-04-01 2024-03-31 03338604 c:Director3 2023-04-01 2024-03-31 03338604 d:FurnitureFittings 2023-04-01 2024-03-31 03338604 d:FurnitureFittings 2024-03-31 03338604 d:FurnitureFittings 2023-03-31 03338604 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03338604 d:ComputerEquipment 2023-04-01 2024-03-31 03338604 d:ComputerEquipment 2024-03-31 03338604 d:ComputerEquipment 2023-03-31 03338604 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03338604 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03338604 d:CurrentFinancialInstruments 2024-03-31 03338604 d:CurrentFinancialInstruments 2023-03-31 03338604 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 03338604 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03338604 d:ShareCapital 2024-03-31 03338604 d:ShareCapital 2023-03-31 03338604 d:RetainedEarningsAccumulatedLosses 2024-03-31 03338604 d:RetainedEarningsAccumulatedLosses 2023-03-31 03338604 c:FRS102 2023-04-01 2024-03-31 03338604 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03338604 c:FullAccounts 2023-04-01 2024-03-31 03338604 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03338604 2 2023-04-01 2024-03-31 03338604 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 03338604









MISSION COMMUNICATIONS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
MISSION COMMUNICATIONS LIMITED
REGISTERED NUMBER: 03338604

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
48,389
54,909

  
48,389
54,909

Current assets
  

Debtors: amounts falling due within one year
 5 
440,443
441,950

Cash at bank and in hand
  
191,674
171,255

  
632,117
613,205

Creditors: amounts falling due within one year
 6 
(559,241)
(722,232)

Net current assets/(liabilities)
  
 
 
72,876
 
 
(109,027)

Total assets less current liabilities
  
121,265
(54,118)

  

Net assets/(liabilities)
  
121,265
(54,118)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
121,165
(54,218)

  
121,265
(54,118)


Page 1

 
MISSION COMMUNICATIONS LIMITED
REGISTERED NUMBER: 03338604
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 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 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 by: 




P F Ryan
J Jethwa
Director
Director


Date: 28 March 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
MISSION COMMUNICATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Mission Communications Limited is a private company limited by shares and incorporated in England and Wales (registered number: 03338604). The registered office address is Queensland House, 392 Strand, London, WC2R OLT.
The financial statements are presented in Sterling, which is the functional currency of the Company.

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

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.

 
2.3

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.

Page 3

 
MISSION COMMUNICATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

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
-
15%
Computer equipment
-
15%

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.

 
2.4

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.

 
2.5

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.

 
2.6

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 4

 
MISSION COMMUNICATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.8

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.

 
2.9

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.

 
2.10

Interest income

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

Page 5

 
MISSION COMMUNICATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.11

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 15 (2023 - 15).


4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
65,786
451,981
517,767


Additions
-
2,019
2,019



At 31 March 2024

65,786
454,000
519,786



Depreciation


At 1 April 2023
49,543
413,315
462,858


Charge for the year on owned assets
2,436
6,103
8,539



At 31 March 2024

51,979
419,418
471,397



Net book value



At 31 March 2024
13,807
34,582
48,389



At 31 March 2023
16,243
38,666
54,909

Page 6

 
MISSION COMMUNICATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
85,387
54,558

Other debtors
129,383
190,251

Prepayments and accrued income
225,673
197,141

440,443
441,950



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
49,538
102,308

Amounts owed to associated companies
-
2,668

Other taxation and social security
79,995
140,987

Other creditors
429,708
441,649

Accruals and deferred income
-
34,620

559,241
722,232


 
Page 7