Caseware UK (AP4) 2024.0.164 2024.0.164 2025-02-282025-02-282025-05-061falseThe company's principal activity continues to be that of business and domestic software development.2024-03-011falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05042565 2024-03-01 2025-02-28 05042565 2023-03-01 2024-02-29 05042565 2025-02-28 05042565 2024-02-29 05042565 c:Director1 2024-03-01 2025-02-28 05042565 d:ComputerSoftware 2025-02-28 05042565 d:ComputerSoftware 2024-02-29 05042565 d:CurrentFinancialInstruments 2025-02-28 05042565 d:CurrentFinancialInstruments 2024-02-29 05042565 d:Non-currentFinancialInstruments 2025-02-28 05042565 d:Non-currentFinancialInstruments 2024-02-29 05042565 d:ShareCapital 2025-02-28 05042565 d:ShareCapital 2024-02-29 05042565 d:RetainedEarningsAccumulatedLosses 2025-02-28 05042565 d:RetainedEarningsAccumulatedLosses 2024-02-29 05042565 c:OrdinaryShareClass1 2024-03-01 2025-02-28 05042565 c:OrdinaryShareClass1 2025-02-28 05042565 c:OrdinaryShareClass1 2024-02-29 05042565 c:FRS102 2024-03-01 2025-02-28 05042565 c:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 05042565 c:AbridgedAccounts 2024-03-01 2025-02-28 05042565 c:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 05042565 2 2024-03-01 2025-02-28 05042565 d:ComputerSoftware d:OwnedIntangibleAssets 2024-03-01 2025-02-28 05042565 e:PoundSterling 2024-03-01 2025-02-28 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05042565









ONLINE MEDIA TECHNOLOGIES LTD








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2025

 
ONLINE MEDIA TECHNOLOGIES LTD
REGISTERED NUMBER: 05042565

BALANCE SHEET
AS AT 28 FEBRUARY 2025

28 February
29 February
2025
2024
Note
£
£

Fixed assets
  

Intangible assets
 4 
31,184
110,900

  
31,184
110,900

Current assets
  

Debtors
  
264,572
250,321

Cash at bank and in hand
  
72,146
76,074

  
336,718
326,395

Total assets less current liabilities
  
 
 
367,902
 
 
437,295

Net assets
  
367,902
437,295


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
366,902
436,295

  
367,902
437,295


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 his 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 6 May 2025.




Timurs Sugajevs
Director

The notes on pages 3 to 6 form part of these financial statements.
Page 1

 
ONLINE MEDIA TECHNOLOGIES LTD
REGISTERED NUMBER: 05042565
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2025


Page 2

 
ONLINE MEDIA TECHNOLOGIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1.


General information

The ONLINE MEDIA TECHNOLOGIES LTD (the ''Company'') was incorporated in United Kingdom on 12
February 2004 as a private company limited by shares.
Its registered office is at Suite 12, 2nd Floor, Queens House, 180 Tottenham Court Road, London,
England, W1T 7PD.
The company's principal activity continues to be that of business and domestic software development.

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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of 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.

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'.

Page 3

 
ONLINE MEDIA TECHNOLOGIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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

Interest income

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

 
2.5

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.

 
2.6

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

 
ONLINE MEDIA TECHNOLOGIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

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.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2024 - 1).


4.


Intangible assets






Computer software

£



Cost


At 1 March 2024
318,862



At 28 February 2025

318,862



Amortisation


At 1 March 2024
207,962


Charge for the year on owned assets
79,716



At 28 February 2025

287,678



Net book value



At 28 February 2025
31,184



At 29 February 2024
110,900




5.


Debtors

28 February
29 February
2025
2024
£
£
Page 5

 
ONLINE MEDIA TECHNOLOGIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

5.Debtors (continued)


Due after more than one year

Other debtors
263,198
248,947

263,198
248,947

Due within one year

Other debtors
1,374
1,374

264,572
250,321



6.


Cash and cash equivalents

28 February
29 February
2025
2024
£
£

Cash at bank and in hand
72,146
76,074

72,146
76,074



7.


Share capital

28 February
29 February
2025
2024
£
£
Allotted, called up and fully paid



1,000 (2024 - 1,000) Ordinary shares of £1.00 each
1,000
1,000


Page 6