Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-07-01falseMarketing agency52truetrue 11398790 2023-07-01 2024-06-30 11398790 2022-07-01 2023-06-30 11398790 2024-06-30 11398790 2023-06-30 11398790 c:Director1 2023-07-01 2024-06-30 11398790 d:OfficeEquipment 2023-07-01 2024-06-30 11398790 d:OfficeEquipment 2024-06-30 11398790 d:OfficeEquipment 2023-06-30 11398790 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 11398790 d:ComputerEquipment 2023-07-01 2024-06-30 11398790 d:ComputerEquipment 2024-06-30 11398790 d:ComputerEquipment 2023-06-30 11398790 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 11398790 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 11398790 d:CurrentFinancialInstruments 2024-06-30 11398790 d:CurrentFinancialInstruments 2023-06-30 11398790 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 11398790 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 11398790 d:ShareCapital 2024-06-30 11398790 d:ShareCapital 2023-06-30 11398790 d:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 11398790 d:RetainedEarningsAccumulatedLosses 2024-06-30 11398790 d:RetainedEarningsAccumulatedLosses 2023-06-30 11398790 c:FRS102 2023-07-01 2024-06-30 11398790 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 11398790 c:FullAccounts 2023-07-01 2024-06-30 11398790 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11398790 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 11398790










SURGE SOCIAL LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
SURGE SOCIAL LTD
REGISTERED NUMBER: 11398790

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
799
1,811

  
799
1,811

Current assets
  

Debtors: amounts falling due within one year
 5 
27,155
26,388

Cash at bank and in hand
 6 
12,306
27,664

  
39,461
54,052

Creditors: amounts falling due within one year
 7 
(28,417)
(36,321)

Net current assets
  
 
 
11,044
 
 
17,731

Total assets less current liabilities
  
11,843
19,542

  


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
 8 
11,842
19,541

  
11,843
19,542


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 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 on 28 November 2024.

A Caglayan
Director

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
SURGE SOCIAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Surge Social Ltd is a private company limited by share capital, incorporated in England & Wales, registration number 11398790. The address of the registered office is 14th Floor, 33 Cavendish Square, London, W1G 0PW.

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.

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.

Page 2

 
SURGE SOCIAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 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:

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

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.

 
2.5

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, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
5 years
Computer equipment
-
3 years

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.

Page 3

 
SURGE SOCIAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.7

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. 

 
2.8

Creditors

Short-term creditors are measured at the transaction price.

 
2.9

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.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

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 payments 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.
 
Page 4

 
SURGE SOCIAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.9
Financial instruments (continued)


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.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. 


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 - 2).


4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 July 2023
732
5,593
6,325



At 30 June 2024

732
5,593
6,325



Depreciation


At 1 July 2023
438
4,076
4,514


Charge for the year on owned assets
146
866
1,012



At 30 June 2024

584
4,942
5,526



Net book value



At 30 June 2024
148
651
799



At 30 June 2023
294
1,517
1,811

Page 5

 
SURGE SOCIAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Debtors

2024
2023
£
£


Trade debtors
15,938
14,449

Amounts due from the director
11,217
11,939

27,155
26,388



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
12,306
27,664



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
5,468
18,892

Other taxation and social security
9,914
10,238

Other creditors
12,535
3,444

Accruals and deferred income
500
3,747

28,417
36,321



8.


Reserves

Profit and loss account

Profit and loss reserves relate to accumulated profits less dividends paid.

 
Page 6