Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2021-01-01falseNo description of principal activity22truetrue 06784157 2021-01-01 2021-12-31 06784157 2021-12-31 06784157 2020-01-01 2020-12-31 06784157 2020-12-31 06784157 c:Director1 2021-01-01 2021-12-31 06784157 d:FurnitureFittings 2021-01-01 2021-12-31 06784157 d:FurnitureFittings 2021-12-31 06784157 d:FurnitureFittings 2020-12-31 06784157 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 06784157 d:OfficeEquipment 2021-01-01 2021-12-31 06784157 d:OfficeEquipment 2021-12-31 06784157 d:OfficeEquipment 2020-12-31 06784157 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 06784157 d:ComputerEquipment 2021-01-01 2021-12-31 06784157 d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 06784157 d:PatentsTrademarksLicencesConcessionsSimilar 2021-12-31 06784157 d:PatentsTrademarksLicencesConcessionsSimilar 2020-12-31 06784157 d:CurrentFinancialInstruments 2021-12-31 06784157 d:CurrentFinancialInstruments 2020-12-31 06784157 d:Non-currentFinancialInstruments 2021-12-31 06784157 d:Non-currentFinancialInstruments 2020-12-31 06784157 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 06784157 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 06784157 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 06784157 d:Non-currentFinancialInstruments d:AfterOneYear 2020-12-31 06784157 d:ShareCapital 2021-12-31 06784157 d:ShareCapital 2020-12-31 06784157 d:RetainedEarningsAccumulatedLosses 2021-01-01 2021-12-31 06784157 d:RetainedEarningsAccumulatedLosses 2021-12-31 06784157 d:RetainedEarningsAccumulatedLosses 2020-12-31 06784157 c:OrdinaryShareClass1 2021-01-01 2021-12-31 06784157 c:OrdinaryShareClass1 2021-12-31 06784157 c:OrdinaryShareClass1 2020-12-31 06784157 c:FRS102 2021-01-01 2021-12-31 06784157 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 06784157 c:FullAccounts 2021-01-01 2021-12-31 06784157 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 06784157 2 2021-01-01 2021-12-31 06784157 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2021-01-01 2021-12-31 xbrli:shares iso4217:GBP xbrli:pure

Company Registration Number 06784157























DIGITAL STATE MARKETING LIMITED 





UNAUDITED
FINANCIAL STATEMENTS





 31 DECEMBER 2021























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DIGITAL STATE MARKETING LIMITED
REGISTERED NUMBER: 06784157

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Intangible assets
 4 
1,313
1,576

Tangible assets
 5 
4,263
2,075

  
5,576
3,651

Current assets
  

Debtors: amounts falling due within one year
 6 
72,314
72,309

Cash at bank and in hand
  
-
10,293

  
72,314
82,602

Creditors: amounts falling due within one year
 7 
(20,313)
(28,947)

Net current assets
  
 
 
52,001
 
 
53,655

Total assets less current liabilities
  
57,577
57,306

Creditors: amounts falling due after more than one year
 8 
(40,149)
(40,000)

  

Net assets
  
17,428
17,306

Page 1

 
DIGITAL STATE MARKETING LIMITED
REGISTERED NUMBER: 06784157

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

Capital and reserves
  

Called up share capital 
 10 
1,000
1,000

Profit and loss account
 11 
16,428
16,306

  
17,428
17,306


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 by: 




G Cooper
Director

Date: 10 August 2022

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

Page 2

 
DIGITAL STATE MARKETING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

Digital State Marketing Limited is a private company limited by shares incorporated in England and Wales. The address of its registered office is Bridge Mills, Stramongate, Kendal, LA9 4UB and its principal trading address is 1A Grove Arcade, Wilmslow, Cheshire SK9 1HB.
These accounts are presented in pound sterling as that is the currency of the principal economic environment in which the company operates.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The director has considered the company's viability for a period extending at least twelve months from the date these financial statements were approved and as a result of that review, considers it appropriate to prepare these financial statements on a going concern basis. 
As part of the review the director considered the company's forecast trading activity for the next twelve months and gave assurances that repayment of the director's loan would not be sought if it would unfairly prejudice the payment of other creditors.

 
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:

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

Borrowing costs

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

Page 3

 
DIGITAL STATE MARKETING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

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 reporting date in the countries where the Company operates and generates income.

 
2.7

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.

 
2.8

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:

Fixtures and fittings
-
25% straight line
Computer equipment
-
15% 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.

 
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

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 only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
Page 4

 
DIGITAL STATE MARKETING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)


2.11
Financial instruments (continued)

third parties, loans to related parties and investments in ordinary shares.

 
2.12

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 (2020 - 2).

Page 5

 
DIGITAL STATE MARKETING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

4.


Intangible assets




Trade Mark

£



Cost


At 1 January 2021
2,628



At 31 December 2021

2,628



Amortisation


At 1 January 2021
1,052


Charge for the year on owned assets
263



At 31 December 2021

1,315



Net book value



At 31 December 2021
1,313



At 31 December 2020
1,576




5.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2021
8,849
28,603
37,452


Additions
-
3,058
3,058



At 31 December 2021

8,849
31,661
40,510



Depreciation


At 1 January 2021
8,049
27,328
35,377


Charge for the year on owned assets
160
710
870



At 31 December 2021

8,209
28,038
36,247



Net book value



At 31 December 2021
640
3,623
4,263



At 31 December 2020
800
1,275
2,075

Page 6

 
DIGITAL STATE MARKETING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

6.


Debtors

2021
2020
£
£


Trade debtors
10,635
17,550

Other debtors
61,679
53,746

Prepayments and accrued income
-
1,013

72,314
72,309



7.


Creditors: Amounts falling due within one year

2021
2020
£
£

Bank overdrafts
4,815
-

Trade creditors
1,104
5,546

Corporation tax
10,746
12,395

Other taxation and social security
-
6,985

Accruals and deferred income
3,648
4,021

20,313
28,947



8.


Creditors: Amounts falling due after more than one year

2021
2020
£
£

Bank loans
40,149
40,000

40,149
40,000


Page 7

 
DIGITAL STATE MARKETING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

9.


Deferred taxation


10.


Share capital

2021
2020
£
£
Allotted, called up and fully paid



1,000 (2020 - 1,000) Ordinary shares of £1.00 each
1,000
1,000



11.


Reserves

Profit and loss account

The profit and loss account represents the company's accumulated profits and losses.


Page 8