Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01trueindependent graphic arts research company and publisher, involving journalism specialising in digital publishing technologies combined with computer assisted productionfalse12trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04009041 2022-04-01 2023-03-31 04009041 2021-04-01 2022-03-31 04009041 2023-03-31 04009041 2022-03-31 04009041 c:Director1 2022-04-01 2023-03-31 04009041 d:FurnitureFittings 2022-04-01 2023-03-31 04009041 d:FurnitureFittings 2023-03-31 04009041 d:FurnitureFittings 2022-03-31 04009041 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04009041 d:OfficeEquipment 2022-04-01 2023-03-31 04009041 d:OfficeEquipment 2023-03-31 04009041 d:OfficeEquipment 2022-03-31 04009041 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04009041 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04009041 d:CurrentFinancialInstruments 2023-03-31 04009041 d:CurrentFinancialInstruments 2022-03-31 04009041 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04009041 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 04009041 d:ShareCapital 2023-03-31 04009041 d:ShareCapital 2022-03-31 04009041 d:RetainedEarningsAccumulatedLosses 2023-03-31 04009041 d:RetainedEarningsAccumulatedLosses 2022-03-31 04009041 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 04009041 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-03-31 04009041 c:FRS102 2022-04-01 2023-03-31 04009041 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 04009041 c:AbridgedAccounts 2022-04-01 2023-03-31 04009041 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04009041 2 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 04009041









DIGITAL DOTS LIMITED








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023


 
DIGITAL DOTS LIMITED
REGISTERED NUMBER:04009041

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,595
119

  
1,595
119

Current assets
  

Debtors
 5 
5,523
5,010

Cash at bank and in hand
 6 
18,574
27,597

  
24,097
32,607

Creditors: amounts falling due within one year
 7 
(13,932)
(30,707)

Net current assets
  
 
 
10,165
 
 
1,900

Total assets less current liabilities
  
11,760
2,019

Net assets
  
11,760
2,019


Capital and reserves
  

Called up share capital 
  
6
6

Profit and loss account
  
11,754
2,013

Shareholders' funds
  
11,760
2,019


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 profit and loss account 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 October 2023.




Mrs L L Lindstrom
Director

Page 1


 
DIGITAL DOTS LIMITED
REGISTERED NUMBER:04009041
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2


 
DIGITAL DOTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

The Company is incorporated in England and Wales and is limited by shares.  The registered office is located at The Clock Tower, Southover, Spring Lane, Burwash, East Sussex, TN19 7JB.
The company's principal activity continues to be that of an independent graphic arts research company and publisher, involving journalism specialising in digital publishing technologies combined with computer assisted production.

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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

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 and value added tax. 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

Interest income

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

 
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.

Page 3


 
DIGITAL DOTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
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

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Computer equipment and website
-
33%
straight line
Fixtures, fittings and equipment
-
20%
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


 
DIGITAL DOTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

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.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

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 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.

 
2.11

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 1 (2022 - 2).

Page 5


 
DIGITAL DOTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Fixtures & fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2022
2,694
13,427
16,121


Additions
-
2,249
2,249



At 31 March 2023

2,694
15,676
18,370



Depreciation


At 1 April 2022
2,575
13,427
16,002


Charge for the year on owned assets
24
749
773



At 31 March 2023

2,599
14,176
16,775



Net book value



At 31 March 2023
95
1,500
1,595



At 31 March 2022
119
-
119


5.


Debtors

2023
2022
£
£


Trade debtors
4,150
4,150

Other debtors
757
361

Prepayments and accrued income
617
499

5,524
5,010



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
18,574
27,597

18,574
27,597


Page 6


 
DIGITAL DOTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
2,718
1,320

Other creditors
7,617
25,958

Accruals and deferred income
3,597
3,429

13,932
30,707



8.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
18,574
27,597




Financial assets measured at fair value through profit or loss comprise solely of cash at bank.


9.


DIRECTORS' BENEFITS: ADVANCES, CREDIT AND GUARANTEES

Included in other creditors due within one year is a loan from the directors Mrs L Lindstrom and Mr P Lindstrom amounting to £(7,616)  [2022 - £(25,958)].


10.


Controlling party

The company was controlled throughout the current and previous period by its directors, Mrs L Lindstrom and Mr P Lindstrom by virtue of the fact that between them they own all of the company's ordinary issued voting share capital.

 
Page 7