Caseware UK (AP4) 2024.0.164 2024.0.164 true3freelance film editing2023-08-01false3trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04229630 2023-08-01 2024-07-31 04229630 2022-08-01 2023-07-31 04229630 2024-07-31 04229630 2023-07-31 04229630 c:Director1 2023-08-01 2024-07-31 04229630 d:PlantMachinery 2023-08-01 2024-07-31 04229630 d:PlantMachinery 2024-07-31 04229630 d:PlantMachinery 2023-07-31 04229630 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 04229630 d:FurnitureFittings 2023-08-01 2024-07-31 04229630 d:FurnitureFittings 2024-07-31 04229630 d:FurnitureFittings 2023-07-31 04229630 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 04229630 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 04229630 d:CurrentFinancialInstruments 2024-07-31 04229630 d:CurrentFinancialInstruments 2023-07-31 04229630 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 04229630 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 04229630 d:ShareCapital 2024-07-31 04229630 d:ShareCapital 2023-07-31 04229630 d:RetainedEarningsAccumulatedLosses 2024-07-31 04229630 d:RetainedEarningsAccumulatedLosses 2023-07-31 04229630 c:FRS102 2023-08-01 2024-07-31 04229630 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 04229630 c:FullAccounts 2023-08-01 2024-07-31 04229630 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 04229630 d:AcceleratedTaxDepreciationDeferredTax 2024-07-31 04229630 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 04229630 2 2023-08-01 2024-07-31 04229630 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 04229630










Mimic Media Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 July 2024

 
Mimic Media Limited
Registered number: 04229630

Balance sheet
As at 31 July 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
11,601
14,692

  
11,601
14,692

Current assets
  

Debtors: amounts falling due within one year
 5 
9,010
-

Cash at bank and in hand
  
197,114
193,958

  
206,124
193,958

Creditors: amounts falling due within one year
 6 
(31,492)
(30,715)

Net current assets
  
 
 
174,632
 
 
163,243

Total assets less current liabilities
  
186,233
177,935

Provisions for liabilities
  

Deferred tax
 7 
(2,900)
(3,673)

  
 
 
(2,900)
 
 
(3,673)

Net assets
  
183,333
174,262

Page 1

 
Mimic Media Limited
Registered number: 04229630

Balance sheet (continued)
As at 31 July 2024

2024
2023
Note
£
£

Capital and reserves
  

Called up share capital 
  
4
4

Profit and loss account
  
183,329
174,258

  
183,333
174,262


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 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 by: 



M M Towns
Director

Date: 29 April 2025

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

Page 2

 
Mimic Media Limited
 

 
Notes to the financial statements
For the year ended 31 July 2024

1.


General information

The company is a private company limited by share capital incorporated in England and Wales, registered number 04229630.  
  The address of the registered office is : 168 Heene Road, Worthing, West Sussex, BN11 4PA.

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

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

Interest income

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

Page 3

 
Mimic Media Limited
 

 
Notes to the financial statements
For the year ended 31 July 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
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, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Fixtures and fittings
-
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.

 
2.6

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.

Page 4

 
Mimic Media Limited
 

 
Notes to the financial statements
For the year ended 31 July 2024

2.Accounting policies (continued)

 
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. 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.

 
2.8

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.

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.10

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.

 
2.11

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).

Page 5

 
Mimic Media Limited
 

 
Notes to the financial statements
For the year ended 31 July 2024

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 August 2023
30,278
4,804
35,082


Additions
321
83
404



At 31 July 2024

30,599
4,887
35,486



Depreciation


At 1 August 2023
17,976
2,414
20,390


Charge for the year on owned assets
3,135
360
3,495



At 31 July 2024

21,111
2,774
23,885



Net book value



At 31 July 2024
9,488
2,113
11,601



At 31 July 2023
12,302
2,390
14,692


5.


Debtors

2024
2023
£
£


Prepayments and accrued income
9,010
-

9,010
-



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
145
6,360

Corporation tax
23,939
21,502

Other taxation and social security
6,184
2,499

Other creditors
163
129

Accruals and deferred income
1,061
225

31,492
30,715


Page 6

 
Mimic Media Limited
 

 
Notes to the financial statements
For the year ended 31 July 2024

7.


Deferred taxation




2024


£






At beginning of year
(3,673)


Charged to profit or loss
773



At end of year
(2,900)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(2,900)
(3,673)

(2,900)
(3,673)

Page 7