Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-30true152023-07-01falseNo description of principal activity19trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08093859 2023-07-01 2024-06-30 08093859 2022-07-01 2023-06-30 08093859 2024-06-30 08093859 2023-06-30 08093859 2022-07-01 08093859 c:Director1 2023-07-01 2024-06-30 08093859 d:PlantMachinery 2023-07-01 2024-06-30 08093859 d:FurnitureFittings 2023-07-01 2024-06-30 08093859 d:FurnitureFittings 2024-06-30 08093859 d:FurnitureFittings 2023-06-30 08093859 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 08093859 d:OfficeEquipment 2023-07-01 2024-06-30 08093859 d:OfficeEquipment 2024-06-30 08093859 d:OfficeEquipment 2023-06-30 08093859 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 08093859 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 08093859 d:CurrentFinancialInstruments 2024-06-30 08093859 d:CurrentFinancialInstruments 2023-06-30 08093859 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 08093859 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 08093859 d:ShareCapital 2023-07-01 2024-06-30 08093859 d:ShareCapital 2024-06-30 08093859 d:ShareCapital 2022-07-01 2023-06-30 08093859 d:ShareCapital 2023-06-30 08093859 d:ShareCapital 2022-07-01 08093859 d:SharePremium 2023-07-01 2024-06-30 08093859 d:SharePremium 2024-06-30 08093859 d:SharePremium 2022-07-01 2023-06-30 08093859 d:SharePremium 2023-06-30 08093859 d:SharePremium 2022-07-01 08093859 d:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 08093859 d:RetainedEarningsAccumulatedLosses 2024-06-30 08093859 d:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 08093859 d:RetainedEarningsAccumulatedLosses 2023-06-30 08093859 d:RetainedEarningsAccumulatedLosses 2022-07-01 08093859 c:OrdinaryShareClass1 2023-07-01 2024-06-30 08093859 c:OrdinaryShareClass1 2024-06-30 08093859 c:OrdinaryShareClass1 2023-06-30 08093859 c:OrdinaryShareClass2 2023-07-01 2024-06-30 08093859 c:OrdinaryShareClass2 2024-06-30 08093859 c:OrdinaryShareClass2 2023-06-30 08093859 c:OrdinaryShareClass3 2023-07-01 2024-06-30 08093859 c:OrdinaryShareClass3 2024-06-30 08093859 c:OrdinaryShareClass3 2023-06-30 08093859 c:FRS102 2023-07-01 2024-06-30 08093859 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 08093859 c:FullAccounts 2023-07-01 2024-06-30 08093859 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 08093859 d:WithinOneYear 2024-06-30 08093859 d:WithinOneYear 2023-06-30 08093859 d:BetweenOneFiveYears 2024-06-30 08093859 d:BetweenOneFiveYears 2023-06-30 08093859 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08093859










SCREENHITS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
SCREENHITS LIMITED
REGISTERED NUMBER: 08093859

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
16,686
13,148

  
16,686
13,148

Current assets
  

Debtors: amounts falling due within one year
 5 
2,194,266
2,226,662

Cash at bank and in hand
  
461,970
8,772

  
2,656,236
2,235,434

Creditors: amounts falling due within one year
 6 
(1,530,514)
(1,543,703)

Net current assets
  
 
 
1,125,722
 
 
691,731

Total assets less current liabilities
  
1,142,408
704,879

  

Net assets
  
1,142,408
704,879


Capital and reserves
  

Called up share capital 
 7 
7,766
7,405

Share premium account
  
3,935,884
3,555,875

Profit and loss account
  
(2,801,242)
(2,858,401)

  
1,142,408
704,879


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 her 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 by: 

R Adkins
Director
Date: 5 August 2025

The notes on pages 4 to 8 form part of these financial statements.
Page 1

 
SCREENHITS LIMITED
REGISTERED NUMBER: 08093859

BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024


Page 2

 
SCREENHITS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£

At 1 July 2023
7,405
3,555,875
(2,858,401)
704,879



Profit for the year
-
-
57,159
57,159

Shares issued during the year
361
380,009
-
380,370


At 30 June 2024
7,766
3,935,884
(2,801,242)
1,142,408


The notes on pages 4 to 8 form part of these financial statements.


STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2023


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£

At 1 July 2022
7,339
3,360,875
(3,125,003)
243,211



Profit for the year
-
-
266,602
266,602

Shares issued during the year
66
195,000
-
195,066


At 30 June 2023
7,405
3,555,875
(2,858,401)
704,879


The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
SCREENHITS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Screenhits Limited is a private company limited by shares and is registered in England and Wales. The company's registered office and trading address is 5 New Street Square, London, EC4A 3TW.

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

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 for services during the year, excluding discounts, rebates, value added tax and other sales taxes.
During the year the company's revenue was specific to minimum guaranteed payments agreed to recover the cost of developing software.

 
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

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 Comprehensive Income in the same period as the related expenditure.

Page 4

 
SCREENHITS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

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.


 
2.7

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. 

Depreciation is provided on the following basis:

Fixtures, fittings & equipment
-
25% reducing balance basis
Office equipment
-
33% straight line

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

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 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
Page 5

 
SCREENHITS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.11
Financial instruments (continued)

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 19 (2023 - 15).


4.


Tangible fixed assets





Fixtures & fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 July 2023
38,848
14,770
53,618


Additions
7,362
-
7,362



At 30 June 2024

46,210
14,770
60,980



Depreciation


At 1 July 2023
25,811
14,659
40,470


Charge for the year on owned assets
3,713
111
3,824



At 30 June 2024

29,524
14,770
44,294



Net book value



At 30 June 2024
16,686
-
16,686



At 30 June 2023
13,037
111
13,148

Page 6

 
SCREENHITS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Debtors

2024
2023
£
£


Trade debtors
2,057,988
2,034,551

Other debtors
30,888
88,985

Called up share capital not paid
105,390
103,126

2,194,266
2,226,662



6.


Creditors: amounts falling due within one year

2024
2023
£
£

Other loans
578,971
1,003,577

Trade creditors
362,421
352,008

Other taxation and social security
246,102
158,946

Other creditors
22,520
22,172

Accruals and deferred income
320,500
7,000

1,530,514
1,543,703



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



5,660,585 (2023 - 5,300,400) ordinary shares of £0.001 each
5,661
5,300
202,600 (2023 - 202,600) ordinary A shares of £0.001 each
203
203
1,902,400 (2023 - 1,902,400) founder shares of £0.001 each
1,902
1,902

7,766

7,405


Ordinary, A ordinary and founder shares rank pari passu with each other, meaning they shall be treated for all purposes as if they were a single class of share and shall participate equally in any dividend or distribution or return of capital upon winding up or otherwise.
During the year 360,085 ordinary shares of £0.001 each were issued at a premium for the total consideration of £334,469.

Page 7

 
SCREENHITS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

8.


Commitments under operating leases

At 30 June 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
53,757
27,275

Later than 1 year and not later than 5 years
10,252
64,009

64,009
91,284


9.


Related party transactions

At the balance sheet date the company was owed £105,390 on a shareholder loan (2023: £103,126).
The company was also due repayment of £9,513 by its director in respect of an overdrawn loan account (2023: £nil).

Page 8