Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31102024-01-01falseProviding maintenance, support and general fieldwork relating to telecommunications11truetruefalse 06412297 2024-01-01 2024-12-31 06412297 2023-01-01 2023-12-31 06412297 2024-12-31 06412297 2023-12-31 06412297 2023-01-01 06412297 c:Director1 2024-01-01 2024-12-31 06412297 d:PlantMachinery 2024-01-01 2024-12-31 06412297 d:PlantMachinery 2024-12-31 06412297 d:PlantMachinery 2023-12-31 06412297 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 06412297 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 06412297 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 06412297 d:CurrentFinancialInstruments 2024-12-31 06412297 d:CurrentFinancialInstruments 2023-12-31 06412297 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 06412297 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06412297 d:ShareCapital 2024-12-31 06412297 d:ShareCapital 2023-12-31 06412297 d:RetainedEarningsAccumulatedLosses 2024-12-31 06412297 d:RetainedEarningsAccumulatedLosses 2023-12-31 06412297 d:OtherDeferredTax 2024-12-31 06412297 d:OtherDeferredTax 2023-12-31 06412297 c:OrdinaryShareClass1 2024-01-01 2024-12-31 06412297 c:OrdinaryShareClass1 2024-12-31 06412297 c:OrdinaryShareClass1 2023-12-31 06412297 c:OrdinaryShareClass2 2024-01-01 2024-12-31 06412297 c:OrdinaryShareClass2 2024-12-31 06412297 c:FRS102 2024-01-01 2024-12-31 06412297 c:Audited 2024-01-01 2024-12-31 06412297 c:FullAccounts 2024-01-01 2024-12-31 06412297 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06412297 c:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06412297 2 2024-01-01 2024-12-31 06412297 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2024-01-01 2024-12-31 06412297 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06412297









META BROADCAST LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
META BROADCAST LIMITED
REGISTERED NUMBER: 06412297

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Intangible assets
 4 
134,494
229,931

Tangible assets
 5 
6,718
8,957

  
141,212
238,888

Current assets
  

Debtors: amounts falling due within one year
 6 
232,081
117,924

Cash at bank and in hand
 7 
700,135
1,043,444

  
932,216
1,161,368

Creditors: amounts falling due within one year
 8 
(359,502)
(595,566)

Net current assets
  
 
 
572,714
 
 
565,802

Total assets less current liabilities
  
713,926
804,690

Provisions for liabilities
  

Deferred tax
 9 
(6,246)
(35,045)

  
 
 
(6,246)
 
 
(35,045)

Net assets
  
707,680
769,645


Capital and reserves
  

Called up share capital 
 10 
1,827
1,644

Profit and loss account
  
705,853
768,001

  
707,680
769,645


The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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.
 
Page 1

 
META BROADCAST LIMITED
REGISTERED NUMBER: 06412297
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 March 2025.




J Mackinlay
Director

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

Page 2

 
META BROADCAST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Meta Broadcast Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is 86-90 Paul Street, London, England, EC2A 4NE. The company's principal activity is as specialists in metadata management for broadcasters, streaming services and media organisations.

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 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

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.

 
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.

Licence revenue, including SaaS (Software-as-a-Service) contracts and similar contracts which include maintenance and software support, is recognised from the point at which the customer
Page 3

 
META BROADCAST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.3
Revenue (continued)

makes a commitment to purchase the product, and will then be recognised on a straight line basis over the life of the contract.
Income from development and consultancy, including training, is recognised as these services are provided to the customer.

 
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

Research and development

Development costs are capitalised within intangible assets where they can be identified with a          specific product or project anticipated to produce future benefits, and are amortised on the straight        line basis  over the anticipated life of the benefits arising from the completed product or project. The estimated useful life has been estimated at 5 years.
Deferred research and development costs are reviewed annually, and where future benefits are                deemed to have ceased or to be in doubt, the balance of any related research and development is    written off to the Profit and loss account.

 
2.6

Interest income

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

 
2.7

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.

 
2.8

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

 
META BROADCAST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.9

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.


 
2.10

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.11

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:

Office equipment
-
25%
reducing balance

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.

 
2.12

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

 
META BROADCAST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.13

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.

 
2.14

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.

 
2.15

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.


3.


Employees

The average monthly number of employees, including the director, during the year was as follows:


        2024
        2023
            No.
            No.







Employees
10
11

Page 6

 
META BROADCAST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Intangible assets




Development expenditure

£



Cost


At 1 January 2024
1,489,273



At 31 December 2024

1,489,273



Amortisation


At 1 January 2024
1,259,342


Charge for the year on owned assets
95,437



At 31 December 2024

1,354,779



Net book value



At 31 December 2024
134,494



At 31 December 2023
229,931



Page 7

 
META BROADCAST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2024
57,461



At 31 December 2024

57,461



Depreciation


At 1 January 2024
48,504


Charge for the year on owned assets
2,239



At 31 December 2024

50,743



Net book value



At 31 December 2024
6,718



At 31 December 2023
8,957


6.


Debtors

2024
2023
£
£


Trade debtors
205,228
78,270

Other debtors
19,759
32,479

Prepayments and accrued income
7,094
7,175

232,081
117,924



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
700,135
1,043,444

700,135
1,043,444


Page 8

 
META BROADCAST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
24,908
54,048

Amounts owed to group undertakings
75,036
66,996

Corporation tax
9,729
41,327

Other taxation and social security
44,548
67,754

Other creditors
903
782

Accruals and deferred income
204,378
364,659

359,502
595,566



9.


Deferred taxation




2024
2023


£

£






At beginning of year
(35,045)
(56,434)


Charged to profit or loss
28,799
21,389



At end of year
(6,246)
(35,045)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated research and development allowances
(6,246)
(35,045)

(6,246)
(35,045)

Page 9

 
META BROADCAST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,644 (2023 - 1,644) Ordinary shares of £1.00 each
1,644
1,644
183 (2023 - 0) A Ordinary shares of £1.00 each
183
-

1,827

1,644


183 A Ordinary shares were alotted during the year.


11.


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 £14,609          (2023: £14,422). At the year end the company owed contributions of £904 (2023: £782).


12.


Related party transactions and controlling party

At the balance sheet date, creditors includes an amount of £75,036 (2023: £66,996) due to Arctic Innovations Limited, the parent company. During the year interest of £8,040 (2023: £7,178) and management charges of £138,000 (2023: £138,000) have been paid to Arctic Innovations Limited. 


13.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 28 March 2025 by Ben Bradley (Senior statutory auditor) on behalf of Barnes Roffe LLP.

 
Page 10