Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-302025-05-192023-12-01falsethe sale of advertising space32falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04971344 2023-12-01 2024-11-30 04971344 2022-12-01 2023-11-30 04971344 2024-11-30 04971344 2023-11-30 04971344 c:Director1 2023-12-01 2024-11-30 04971344 d:PlantMachinery 2023-12-01 2024-11-30 04971344 d:FurnitureFittings 2023-12-01 2024-11-30 04971344 d:OtherPropertyPlantEquipment 2024-11-30 04971344 d:OtherPropertyPlantEquipment 2023-11-30 04971344 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 04971344 d:CurrentFinancialInstruments 2024-11-30 04971344 d:CurrentFinancialInstruments 2023-11-30 04971344 d:Non-currentFinancialInstruments 2024-11-30 04971344 d:Non-currentFinancialInstruments 2023-11-30 04971344 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 04971344 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 04971344 d:Non-currentFinancialInstruments d:AfterOneYear 2024-11-30 04971344 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 04971344 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-11-30 04971344 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-11-30 04971344 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-11-30 04971344 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-11-30 04971344 d:ShareCapital 2024-11-30 04971344 d:ShareCapital 2023-11-30 04971344 d:RetainedEarningsAccumulatedLosses 2024-11-30 04971344 d:RetainedEarningsAccumulatedLosses 2023-11-30 04971344 c:OrdinaryShareClass1 2023-12-01 2024-11-30 04971344 c:OrdinaryShareClass1 2024-11-30 04971344 c:OrdinaryShareClass1 2023-11-30 04971344 c:FRS102 2023-12-01 2024-11-30 04971344 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 04971344 c:FullAccounts 2023-12-01 2024-11-30 04971344 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 04971344 2 2023-12-01 2024-11-30 04971344 e:PoundSterling 2023-12-01 2024-11-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04971344









SQUARE7 MEDIA LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2024

 
SQUARE7 MEDIA LIMITED
REGISTERED NUMBER: 04971344

BALANCE SHEET
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
5,564
7,420

Current assets
  

Debtors: amounts falling due within one year
 5 
275,627
345,783

Cash at bank and in hand
 6 
158,577
48,749

  
434,204
394,532

Creditors: amounts falling due within one year
 7 
(286,949)
(155,626)

Net current assets
  
 
 
147,255
 
 
238,906

Total assets less current liabilities
  
152,819
246,326

Creditors: amounts falling due after more than one year
 8 
(33,333)
(73,333)

  

Net assets
  
119,486
172,993


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
119,386
172,893

  
119,486
172,993


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 19 May 2025.


G Garton
Page 1

 
SQUARE7 MEDIA LIMITED
REGISTERED NUMBER: 04971344
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2024

Director

Page 2

 
SQUARE7 MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

Square7 Media Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is 1st Floor, 73-81 Southwark Bridge Road, London, SE1 0NQ.
The principal activity of the company is that of selling advertising space and publishing services for magazines.

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

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

 
SQUARE7 MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)


2.3
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 bases:

Plant & machinery
-
25% Reducing Balance
Fixtures & fittings
-
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.

  
2.4

Stock

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. 
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.

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

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.

Page 4

 
SQUARE7 MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.9

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.

 
2.10

Interest income

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

 
2.11

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.

 
2.12

Borrowing costs

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

 
2.13

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.


  
2.14

Invoice discounting

The company discounts its trade debts. The accounting policy is to include trade debtors discounted with recourse under trade debtors due within one year and to record the returnable element of the proceeds under bank overdrafts within creditors due within one year. Discount fees are charged to the profit and loss account when payable. Bad debts are borne by the company and charged to the profit and loss account when reasonably foreseeable. 


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 2).

Page 5

 
SQUARE7 MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

4.


Tangible fixed assets





Plant & machinery etc

£



Cost or valuation


At 1 December 2023
34,955



At 30 November 2024

34,955



Depreciation


At 1 December 2023
27,535


Charge for the year
1,856



At 30 November 2024

29,391



Net book value



At 30 November 2024
5,564



At 30 November 2023
7,420

Page 6

 
SQUARE7 MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
172,063
197,659

Amounts owed by group undertakings
100,072
144,642

Other debtors
172
172

Prepayments and accrued income
3,320
3,310

275,627
345,783



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
158,577
48,749

158,577
48,749



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
40,000
40,000

Trade creditors
120,715
33,355

Corporation tax
23,998
36,882

Other taxation and social security
29,233
16,172

Other creditors
452
226

Accruals and deferred income
72,551
28,991

286,949
155,626


Page 7

 
SQUARE7 MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
33,333
73,333

33,333
73,333


Bank loans amounting to £73,333 (2023: £113,333) are secured by way of a fixed and floating charge over the company's assets.


9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
40,000
40,000

Amounts falling due 1-2 years

Bank loans
33,333
40,000

Amounts falling due 2-5 years

Bank loans
-
33,333

73,333
113,333


Page 8

 
SQUARE7 MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1 each
100
100



11.


Pension commitments

The company operates a defined contribution 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 £25,819 (2023: £25,163).


12.


Transactions with directors

Included within other debtors due within one year are amounts owed by directors and shareholders of £Nil (2023: £Nil). This balance carries no interest.

 
Page 9