Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31false42022-04-01falseNo description of principal activity4trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09684042 2022-04-01 2023-03-31 09684042 2021-04-01 2022-03-31 09684042 2023-03-31 09684042 2022-03-31 09684042 c:Director1 2022-04-01 2023-03-31 09684042 c:Director2 2022-04-01 2023-03-31 09684042 c:Director3 2022-04-01 2023-03-31 09684042 c:RegisteredOffice 2022-04-01 2023-03-31 09684042 d:PlantMachinery 2022-04-01 2023-03-31 09684042 d:PlantMachinery 2023-03-31 09684042 d:PlantMachinery 2022-03-31 09684042 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09684042 d:MotorVehicles 2022-04-01 2023-03-31 09684042 d:MotorVehicles 2023-03-31 09684042 d:MotorVehicles 2022-03-31 09684042 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09684042 d:OfficeEquipment 2022-04-01 2023-03-31 09684042 d:OfficeEquipment 2023-03-31 09684042 d:OfficeEquipment 2022-03-31 09684042 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09684042 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09684042 d:CurrentFinancialInstruments 2023-03-31 09684042 d:CurrentFinancialInstruments 2022-03-31 09684042 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09684042 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 09684042 d:ShareCapital 2023-03-31 09684042 d:ShareCapital 2022-03-31 09684042 d:RetainedEarningsAccumulatedLosses 2023-03-31 09684042 d:RetainedEarningsAccumulatedLosses 2022-03-31 09684042 c:FRS102 2022-04-01 2023-03-31 09684042 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 09684042 c:FullAccounts 2022-04-01 2023-03-31 09684042 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09684042 d:WithinOneYear 2023-03-31 09684042 d:WithinOneYear 2022-03-31 09684042 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 09684042 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 09684042 2 2022-04-01 2023-03-31 09684042 e:PoundSterling 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 09684042









DOLPHIN MEDIA & DESIGN (LONDON) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
DOLPHIN MEDIA & DESIGN (LONDON) LIMITED
 
 
COMPANY INFORMATION


Directors
M D Dolphin 
R Comlay 
S Kendrick 




Registered number
09684042



Registered office
Unit 50, Camp Hill Industrial Estate
John Kempe Way

Highgate

Birmingham

West Midlands

B12 0HU





 
DOLPHIN MEDIA & DESIGN (LONDON) LIMITED
REGISTERED NUMBER: 09684042

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible fixed assets
 4 
32,139
4,697

  
32,139
4,697

Current assets
  

Stocks
 5 
78,547
73,543

Debtors: amounts falling due within one year
 6 
192,375
149,736

Cash at bank and in hand
 7 
134,813
111,257

  
405,735
334,536

Creditors: amounts falling due within one year
 8 
(252,821)
(182,689)

Net current assets
  
 
 
152,914
 
 
151,847

Total assets less current liabilities
  
185,053
156,544

Provisions for liabilities
  

Deferred tax
 9 
(6,100)
(1,000)

  
 
 
(6,100)
 
 
(1,000)

Net assets
  
178,953
155,544


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
178,853
155,444

  
178,953
155,544


Page 1

 
DOLPHIN MEDIA & DESIGN (LONDON) LIMITED
REGISTERED NUMBER: 09684042
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

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 by: 




M D Dolphin
Director

Date: 30 October 2023

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
DOLPHIN MEDIA & DESIGN (LONDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Dolphin Media & Design (London) Limited (the company) is a limited liability company incorporated and domiciled in the United Kingdom. The address of its registered office is disclosed on the company information page.
The principal activity of the company is the design, supply and installation of audio visual media products and solutions.
The financial statements are prepared in Sterling (£) which is the functional currency of the company. The financial statements are for the year ended 31 March 2023 (2022: year ended 31 March 2022).
The financial statements have been prepared on a going concern basis under the historical cost convention 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.Accounting policies

 
2.1

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Sale of goods

Turnover 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 turnover 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

Turnover 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 turnover 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.

 
2.2

Interest income

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

Page 3

 
DOLPHIN MEDIA & DESIGN (LONDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.3

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.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

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 4

 
DOLPHIN MEDIA & DESIGN (LONDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

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:

Plant and machinery
-
33%
Motor vehicles
-
33%-50%
Office equipment
-
33%

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.

 
2.6

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.

 
2.7

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 5

 
DOLPHIN MEDIA & DESIGN (LONDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.10

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

 
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 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 4 (2022 - 4).

Page 6

 
DOLPHIN MEDIA & DESIGN (LONDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2022
12,537
7,700
12,209
32,446


Additions
14,603
26,910
1,447
42,960


Disposals
-
(7,700)
-
(7,700)



At 31 March 2023

27,140
26,910
13,656
67,706



Depreciation


At 1 April 2022
10,489
6,700
10,560
27,749


Charge for the year on owned assets
9,027
4,485
1,006
14,518


Disposals
-
(6,700)
-
(6,700)



At 31 March 2023

19,516
4,485
11,566
35,567



Net book value



At 31 March 2023
7,624
22,425
2,090
32,139



At 31 March 2022
2,048
1,000
1,649
4,697


5.


Stocks

2023
2022
£
£

Finished goods and goods for resale
78,547
73,543

78,547
73,543


Page 7

 
DOLPHIN MEDIA & DESIGN (LONDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Debtors

2023
2022
£
£


Trade debtors
180,499
137,827

Prepayments and accrued income
11,876
11,909

192,375
149,736



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
134,813
111,257

134,813
111,257



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
130,429
99,660

Corporation tax
210
8,050

Other taxation and social security
13,317
13,628

Accruals and deferred income
108,865
61,351

252,821
182,689


Deferred income amounts to £62,765 (2022: £27,438).

Page 8

 
DOLPHIN MEDIA & DESIGN (LONDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Deferred taxation




2023


£






At beginning of year
(1,000)


Charged to profit or loss
(5,100)



At end of year
(6,100)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(6,100)
(1,000)

(6,100)
(1,000)


10.


Pension commitments

The Company operates defined contribution pension schemes. The assets of the schemes are held separately from those of the Company in independently administered funds. The pension cost charge represents contributions payable by the Company to the funds and amounted to £1,800 (2022: £2,200). Contributions totalling £Nil (2022: £Nil) were payable to the funds at the balance sheet date and are included in creditors.


11.


Commitments under operating leases

At 31 March 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
9,600
3,700

9,600
3,700

Page 9

 
DOLPHIN MEDIA & DESIGN (LONDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

12.


Related party transactions


2023
2022
£
£

Balance due from/(to) company with directors in common
135,885
26,252
135,885
26,252

Dividends of £2,000 (2022: £2,000) were paid to each of the directors during the period. 
Remuneration paid to key management personnel during the period amounted to £70,500 (2022: £73,000).

 
Page 10