Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-301false1falsetrue2023-07-01No description of principal activitytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12046263 2023-07-01 2024-06-30 12046263 2022-07-01 2023-06-30 12046263 2024-06-30 12046263 2023-06-30 12046263 c:Director1 2023-07-01 2024-06-30 12046263 d:Buildings d:ShortLeaseholdAssets 2023-07-01 2024-06-30 12046263 d:Buildings d:ShortLeaseholdAssets 2024-06-30 12046263 d:Buildings d:ShortLeaseholdAssets 2023-06-30 12046263 d:FurnitureFittings 2023-07-01 2024-06-30 12046263 d:FurnitureFittings 2024-06-30 12046263 d:FurnitureFittings 2023-06-30 12046263 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 12046263 d:OfficeEquipment 2023-07-01 2024-06-30 12046263 d:OfficeEquipment 2024-06-30 12046263 d:OfficeEquipment 2023-06-30 12046263 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 12046263 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 12046263 d:CurrentFinancialInstruments 2024-06-30 12046263 d:CurrentFinancialInstruments 2023-06-30 12046263 d:Non-currentFinancialInstruments 2024-06-30 12046263 d:Non-currentFinancialInstruments 2023-06-30 12046263 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 12046263 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 12046263 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 12046263 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 12046263 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-06-30 12046263 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 12046263 d:ShareCapital 2024-06-30 12046263 d:ShareCapital 2023-06-30 12046263 d:RetainedEarningsAccumulatedLosses 2024-06-30 12046263 d:RetainedEarningsAccumulatedLosses 2023-06-30 12046263 d:RetainedEarningsAccumulatedLosses 2022-07-01 12046263 c:FRS102 2023-07-01 2024-06-30 12046263 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12046263 c:FullAccounts 2023-07-01 2024-06-30 12046263 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12046263 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 12046263









BOX MEDIA LIMITED







UNAUDITED

DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
BOX MEDIA LIMITED
REGISTERED NUMBER: 12046263

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
3,098
4,166

  
3,098
4,164

Current assets
  

Debtors: amounts falling due within one year
 5 
201,169
183,980

Cash at bank and in hand
 6 
6,062
1,177

  
207,231
185,157

Creditors: amounts falling due within one year
 7 
(408,822)
(363,070)

Net current liabilities
  
 
 
(201,591)
 
 
(177,913)

Total assets less current liabilities
  
(198,493)
(173,749)

  

Creditors: amounts falling due after more than one year
 8 
(48,104)
(48,099)

  

Net assets excluding pension asset
  
(246,597)
(221,848)

Net liabilities
  
(246,597)
(221,848)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account brought forward
  
(221,948)
(145,030)

Loss for the year
  
(24,749)
(76,918)

Profit and loss account carried forward
  
(246,697)
(221,948)

  
(246,597)
(221,848)


Page 1

 
BOX MEDIA LIMITED
REGISTERED NUMBER: 12046263
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

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 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 on 18 June 2025.




J T Dillon
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
BOX MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Box Media Limited is a private company limited by shares. The company is incorporated in England and Wales and its registered office address is Aston House, Cornwall Avenue, London N3 1LF. Its registration number is 12046263. 

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

Going concern

At the balance sheet date the companies liabilities exceeded its assets. However, the company benefits from the support of its creditors and the director therefore, considers it appropriate to prepare the accounts on a going concern basis.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.4

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.

 
2.5

Borrowing costs

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

 
2.6

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.

Page 3

 
BOX MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

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:

Short-term leasehold property
-
20%
Reducing balance
Fixtures and fittings
-
25%
Reducing balance
Office equipment
-
33%
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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

Page 4

 
BOX MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.10

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.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
BOX MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Short-term leasehold property
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 July 2023
2,530
3,767
3,717
10,014



At 30 June 2024

2,530
3,767
3,717
10,014



Depreciation


At 1 July 2023
1,235
2,030
2,584
5,849


Charge for the year on owned assets
259
434
374
1,067



At 30 June 2024

1,494
2,464
2,958
6,916



Net book value



At 30 June 2024
1,036
1,303
759
3,098



At 30 June 2023
1,295
1,738
1,133
4,166


5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
200,894
183,295

Other debtors
275
685

201,169
183,980


Page 6

 
BOX MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
6,062
1,177

Less: bank overdrafts
(159,968)
(114,948)

(153,906)
(113,771)



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
159,968
114,948

Trade creditors
943
6,955

Other creditors
242,889
238,418

Accruals and deferred income
5,022
2,749

408,822
363,070



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
48,104
48,099

48,104
48,099


Page 7

 
BOX MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£



Amounts falling due 2-5 years

Bank loans
48,104
48,098


48,104
48,098


48,104
48,098


Page 8