Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.22024-04-01falsewebsite design and gazebo sales2truetruefalse 06537072 2024-04-01 2025-03-31 06537072 2023-04-01 2024-03-31 06537072 2025-03-31 06537072 2024-03-31 06537072 c:Director1 2024-04-01 2025-03-31 06537072 d:Buildings 2024-04-01 2025-03-31 06537072 d:Buildings 2025-03-31 06537072 d:Buildings 2024-03-31 06537072 d:Buildings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 06537072 d:FurnitureFittings 2024-04-01 2025-03-31 06537072 d:FurnitureFittings 2025-03-31 06537072 d:FurnitureFittings 2024-03-31 06537072 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 06537072 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 06537072 d:Goodwill 2025-03-31 06537072 d:Goodwill 2024-03-31 06537072 d:CurrentFinancialInstruments 2025-03-31 06537072 d:CurrentFinancialInstruments 2024-03-31 06537072 d:Non-currentFinancialInstruments 2025-03-31 06537072 d:Non-currentFinancialInstruments 2024-03-31 06537072 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 06537072 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 06537072 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 06537072 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 06537072 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2025-03-31 06537072 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 06537072 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2025-03-31 06537072 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 06537072 d:ShareCapital 2025-03-31 06537072 d:ShareCapital 2024-03-31 06537072 d:RetainedEarningsAccumulatedLosses 2025-03-31 06537072 d:RetainedEarningsAccumulatedLosses 2024-03-31 06537072 c:FRS102 2024-04-01 2025-03-31 06537072 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 06537072 c:FullAccounts 2024-04-01 2025-03-31 06537072 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06537072 2 2024-04-01 2025-03-31 06537072 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure
Registered number: 06537072






TEMERITY MEDIA LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










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TEMERITY MEDIA LIMITED
REGISTERED NUMBER:06537072

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 5 
168,412
167,342

  
168,412
167,342

Current assets
  

Stocks
  
20,098
39,490

Debtors: amounts falling due within one year
 6 
11,752
11,115

Cash at bank and in hand
 7 
97,234
65,075

  
129,084
115,680

Creditors: amounts falling due within one year
 8 
(69,608)
(64,188)

Net current assets
  
 
 
59,476
 
 
51,492

Total assets less current liabilities
  
227,888
218,834

Creditors: amounts falling due after more than one year
 9 
(5,858)
(10,384)

  

Net assets
  
222,030
208,450


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
221,930
208,350

  
222,030
208,450


Page 1

 
TEMERITY MEDIA LIMITED
REGISTERED NUMBER:06537072
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

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 on 25 July 2025.




M Bell
Director

Page 2

 
TEMERITY MEDIA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Temerity Media Limited is a company limited by shares, incorporated in England and Wales. Its registered office is Millhouse, 32-28 East Street, Rochford, Essex, SS4 1DB.
The principal activity of the company continued to be that of website design and gazebo sales. 

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:

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.

 
2.3

Interest income

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

Page 3

 
TEMERITY MEDIA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
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

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.


 
2.6

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.

 
2.7

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:

Freehold property
-
0%
Fixtures & fittings
-
33.3% straight line

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 4

 
TEMERITY MEDIA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

Financial instruments

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

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) 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 debtors due with the operating cycle fall into this category of financial instruments.

Page 5

 
TEMERITY MEDIA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.13

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 2 (2024 -2).


4.


Intangible assets




Goodwill

£



Cost


At 1 April 2024
11,500



At 31 March 2025

11,500



Amortisation


At 1 April 2024
11,500



At 31 March 2025

11,500



Net book value



At 31 March 2025
-



At 31 March 2024
-



Page 6

 
TEMERITY MEDIA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Tangible fixed assets





Freehold property
Fixtures & fittings
Total

£
£
£



Cost or valuation


At 1 April 2024
164,330
26,412
190,742


Additions
-
2,839
2,839



At 31 March 2025

164,330
29,251
193,581



Depreciation


At 1 April 2024
-
23,400
23,400


Charge for the year on owned assets
-
1,769
1,769



At 31 March 2025

-
25,169
25,169



Net book value



At 31 March 2025
164,330
4,082
168,412



At 31 March 2024
164,330
3,012
167,342


6.


Debtors

2025
2024
£
£


Trade debtors
11,131
10,286

Other debtors
621
829

11,752
11,115



7.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
97,234
65,075

97,234
65,075


Page 7

 
TEMERITY MEDIA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

8.


Creditors: Amounts falling due within one year

2025
2024
£
£

Bank loans
1,535
4,544

Trade creditors
238
-

Corporation tax
7,508
3,172

Other taxation and social security
5,265
1,494

Other creditors
53,372
53,158

Accruals and deferred income
1,690
1,820

69,608
64,188



9.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Bank loans
5,858
10,384

5,858
10,384


Page 8

 
TEMERITY MEDIA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

10.


Loans


Analysis of the maturity of loans is given below:


2025
2024
£
£

Amounts falling due within one year

Bank loans
1,535
4,544


1,535
4,544

Amounts falling due 1-2 years

Bank loans
1,535
4,832


1,535
4,832

Amounts falling due 2-5 years

Bank loans
4,323
5,552


4,323
5,552


7,393
14,928



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 £891 (2024: £891). Contributions totalling £173 (2024: £173) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 9