Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-31media consultancy32023-09-01false3falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07748456 2023-09-01 2024-08-31 07748456 2022-09-01 2023-08-31 07748456 2024-08-31 07748456 2023-08-31 07748456 c:Director1 2023-09-01 2024-08-31 07748456 d:MotorVehicles 2023-09-01 2024-08-31 07748456 d:MotorVehicles 2024-08-31 07748456 d:MotorVehicles 2023-08-31 07748456 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 07748456 d:OfficeEquipment 2023-09-01 2024-08-31 07748456 d:OfficeEquipment 2024-08-31 07748456 d:OfficeEquipment 2023-08-31 07748456 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 07748456 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 07748456 d:CurrentFinancialInstruments 2024-08-31 07748456 d:CurrentFinancialInstruments 2023-08-31 07748456 d:Non-currentFinancialInstruments 2024-08-31 07748456 d:Non-currentFinancialInstruments 2023-08-31 07748456 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 07748456 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 07748456 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 07748456 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 07748456 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-08-31 07748456 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-08-31 07748456 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-08-31 07748456 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-08-31 07748456 d:ShareCapital 2024-08-31 07748456 d:ShareCapital 2023-08-31 07748456 d:RetainedEarningsAccumulatedLosses 2024-08-31 07748456 d:RetainedEarningsAccumulatedLosses 2023-08-31 07748456 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-08-31 07748456 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-08-31 07748456 c:FRS102 2023-09-01 2024-08-31 07748456 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 07748456 c:FullAccounts 2023-09-01 2024-08-31 07748456 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 07748456 d:HirePurchaseContracts d:WithinOneYear 2024-08-31 07748456 d:HirePurchaseContracts d:WithinOneYear 2023-08-31 07748456 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-08-31 07748456 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-08-31 07748456 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-08-31 07748456 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-08-31 07748456 d:LeasedAssetsHeldAsLessee 2024-08-31 07748456 d:LeasedAssetsHeldAsLessee 2023-08-31 07748456 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 07748456










MACCA MEDIA LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
MACCA MEDIA LIMITED
REGISTERED NUMBER: 07748456

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,187
24,679

  
2,187
24,679

Current assets
  

Debtors: amounts falling due within one year
 5 
36,000
36,283

Cash at bank and in hand
 6 
28,482
49,593

  
64,482
85,876

Creditors: amounts falling due within one year
 7 
(36,676)
(39,731)

Net current assets
  
 
 
27,806
 
 
46,145

Total assets less current liabilities
  
29,993
70,824

Creditors: amounts falling due after more than one year
 8 
(7,333)
(32,478)

  

Net assets
  
22,660
38,346


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
22,560
38,246

  
22,660
38,346


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 profit and loss account 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 14 April 2025.


Page 1

 
MACCA MEDIA LIMITED
REGISTERED NUMBER: 07748456
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024



Mr. P. McCarthy
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
MACCA MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

The entity is a private company limited by shares, incorporated in England & Wales. The company's registered office is located at 6 Northlands Road, Southampton, Hampshire, SO15 2LF. The principal activity of the company is media consultancy.

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

Going concern

The director therefore considers the company can be regarded as a going concern for the foreseeable future.

 
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:

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.

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.

 
2.5

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.

Page 3

 
MACCA MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

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.

 
2.8

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.

 
2.9

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 straight-line method or the reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25% reducing balance
Office equipment
-
3 years straight line basis

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.

 
2.10

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 4

 
MACCA MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.11

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.

 
2.12

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.

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 5

 
MACCA MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
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 3 (2023 - 3).


4.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 September 2023
57,689
1,909
59,598


Disposals
(28,575)
-
(28,575)



At 31 August 2024

29,114
1,909
31,023



Depreciation


At 1 September 2023
33,342
1,577
34,919


Charge for the year on owned assets
729
332
1,061


Disposals
(7,144)
-
(7,144)



At 31 August 2024

26,927
1,909
28,836



Net book value



At 31 August 2024
2,187
-
2,187



At 31 August 2023
24,347
332
24,679

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
-
21,432
Page 6

 
MACCA MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

           4.Tangible fixed assets (continued)


-
21,432


5.


Debtors

2024
2023
£
£


Trade debtors
36,000
32,700

Other debtors
-
2,071

Prepayments and accrued income
-
1,512

36,000
36,283



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
28,482
49,593

28,482
49,593


Page 7

 
MACCA MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
8,000
8,000

Corporation tax
6,353
15,931

Other taxation and social security
13,624
9,377

Obligations under finance lease and hire purchase contracts
-
5,715

Other creditors
8,074
-

Accruals and deferred income
625
708

36,676
39,731


The following liabilities were secured:

2024
2023
£
£



Hire purchase contracts
-
5,715

-
5,715

Details of security provided:

Obligations under hire purchase contracts were secured against the assets acquired under those contracts.

Page 8

 
MACCA MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
7,333
15,333

Net obligations under finance leases and hire purchase contracts
-
17,145

7,333
32,478


The following liabilities were secured:

2024
2023
£
£



Hire purchase contracts
-
17,145

-
17,145

Details of security provided:

Obligations under hire purchase contracts were secured against the assets acquired under those contracts.

Page 9

 
MACCA MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
8,000
8,000


8,000
8,000

Amounts falling due 1-2 years

Bank loans
7,333
8,000


7,333
8,000

Amounts falling due 2-5 years

Bank loans
-
7,333


-
7,333


15,333
23,333



10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
-
6,871

Between 1-5 years
-
20,673

-
27,544

Page 10

 
MACCA MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

11.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
28,482
49,593




Financial assets measured at fair value through profit or loss comprise cash at bank.


12.


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 £36,000 (2023 - £15,000) . Contributions totalling £Nil (2022 - £Nil) were payable to the fund at the balance sheet date and are included in creditors. The contributions relate solely to one of the Directors and are paid on an ad hoc basis, so the Directors consider the company is not committed to make any contributions.


13.


Transactions with directors

At year end Mr. P. McCarthy was owed  £8,074 (2023 owed £2,071). 


14.


Controlling party

The company was under the control of the director, Mr. P. McCarthy during the period by virtue of his 80% shareholding.

 
Page 11