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REGISTERED NUMBER: 06789563 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2023

for

Digital Sports Group Limited

Digital Sports Group Limited (Registered number: 06789563)






Contents of the Financial Statements
for the Year Ended 31st March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

Digital Sports Group Limited

Company Information
for the Year Ended 31st March 2023







DIRECTORS: J D Richardson
P M O'Brien





REGISTERED OFFICE: 29a Crown Street
Brentwood
Essex
CM14 4BA





REGISTERED NUMBER: 06789563 (England and Wales)





ACCOUNTANTS: Moulton Johnson Limited
Chartered Accountants
29a Crown Street
Brentwood
Essex
CM14 4BA

Digital Sports Group Limited (Registered number: 06789563)

Balance Sheet
31st March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,178,078 1,158,328
Investments 6 204 204
1,178,282 1,158,532

CURRENT ASSETS
Stocks 15,323 18,946
Debtors 7 506,598 151,072
Cash at bank 1,609,100 2,436,222
2,131,021 2,606,240
CREDITORS
Amounts falling due within one year 8 2,402,520 2,943,174
NET CURRENT LIABILITIES (271,499 ) (336,934 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

906,783

821,598

CREDITORS
Amounts falling due after more than one
year

9

(190,721

)

(182,441

)

PROVISIONS FOR LIABILITIES (213,567 ) (148,608 )
NET ASSETS 502,495 490,549

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 502,395 490,449
SHAREHOLDERS' FUNDS 502,495 490,549

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Digital Sports Group Limited (Registered number: 06789563)

Balance Sheet - continued
31st March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th November 2023 and were signed on its behalf by:




J D Richardson - Director



P M O'Brien - Director


Digital Sports Group Limited (Registered number: 06789563)

Notes to the Financial Statements
for the Year Ended 31st March 2023

1. STATUTORY INFORMATION

Digital Sports Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue recognition
Turnover comprises of income from agency commissions receivable in relation to products and services derived from the company's various website activities during the year, excluding value added tax.

Sales of non-transferrable gift vouchers are recognised at the date of sale and sales of transferrable gift vouchers are recognised when they are redeemed or when they expire.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 20% on cost

Government grants
Government grants receivable during the year are shown in Other Operating Income.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Digital Sports Group Limited (Registered number: 06789563)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Gift voucher liabilities
The company sells transferrable gift vouchers which can be redeemed against its products for up to ten months from the date of purchase. Transferrable gift vouchers are shown as deferred income until they are redeemed or expire. A provision is made at the balance sheet date for anticipated voucher redemption liabilities based on the company's transferrable redemption rates experienced in the past.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2022 460,000
Disposals (460,000 )
At 31st March 2023 -
AMORTISATION
At 1st April 2022 460,000
Eliminated on disposal (460,000 )
At 31st March 2023 -
NET BOOK VALUE
At 31st March 2023 -
At 31st March 2022 -

Digital Sports Group Limited (Registered number: 06789563)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2022 1,757,876
Additions 160,639
At 31st March 2023 1,918,515
DEPRECIATION
At 1st April 2022 599,548
Charge for year 140,889
At 31st March 2023 740,437
NET BOOK VALUE
At 31st March 2023 1,178,078
At 31st March 2022 1,158,328

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st April 2022 379,863
Additions 108,333
Transfer to ownership (379,863 )
At 31st March 2023 108,333
DEPRECIATION
At 1st April 2022 60,705
Charge for year 21,667
Transfer to ownership (60,705 )
At 31st March 2023 21,667
NET BOOK VALUE
At 31st March 2023 86,666
At 31st March 2022 319,158

Digital Sports Group Limited (Registered number: 06789563)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st April 2022
and 31st March 2023 204
NET BOOK VALUE
At 31st March 2023 204
At 31st March 2022 204

7. DEBTORS
31.3.23 31.3.22
£    £   
Amounts falling due within one year:
Trade debtors 1,435 1,667
Other debtors 94,084 64,159
Prepayments 61,487 85,246
157,006 151,072

Amounts falling due after more than one year:
Other debtors 349,592 -

Aggregate amounts 506,598 151,072

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 9,979 9,724
Hire purchase contracts (see note 10) 17,846 -
Trade creditors 254,171 465,382
Social security and other taxes 28,234 52,270
Other creditors 1,932,981 2,206,884
Accrued expenses 159,309 208,914
2,402,520 2,943,174

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans due 1 to 5 years 22,376 32,474
Hire purchase contracts (see note 10) 67,345 -
Directors' loan accounts 101,000 149,967
190,721 182,441

Digital Sports Group Limited (Registered number: 06789563)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.23 31.3.22
£    £   
Gross obligations repayable:
Within one year 22,971 -
Between one and five years 68,913 -
91,884 -

Finance charges repayable:
Within one year 5,125 -
Between one and five years 1,568 -
6,693 -

Net obligations repayable:
Within one year 17,846 -
Between one and five years 67,345 -
85,191 -

Non-cancellable operating leases
31.3.23 31.3.22
£    £   
Within one year 30,000 30,000
Between one and five years 7,500 37,500
37,500 67,500

11. CONTINGENT LIABILITIES

The company, as an agent, had a contingent liability in respect of experience days sales that had not been fulfilled by its suppliers at the balance sheet date. In the opinion of the directors, such a liability is unlikely to arise and, therefore, they consider that this amount is not capable of being quantified.

12. OTHER FINANCIAL COMMITMENTS

The company has a financial commitment to pay licence fees at a percentage of website income in respect of the domain names that it utilises.

13. RELATED PARTY DISCLOSURES

During the year, J D Richardson continued to advance a long-term, interest-free loan to the company. The balance on this loan at 31st March 2023 amounted to £101,000 (2022: £149,967).

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Digital Sports Group Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Digital Sports Group Limited for the year ended 31st March 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Digital Sports Group Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Digital Sports Group Limited and state those matters that we have agreed to state to the Board of Directors of Digital Sports Group Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Digital Sports Group Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Digital Sports Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Digital Sports Group Limited. You consider that Digital Sports Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Digital Sports Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moulton Johnson Limited
Chartered Accountants
29a Crown Street
Brentwood
Essex
CM14 4BA


27th November 2023