18 false false false false false false false false false false true false false false false false false No description of principal activity 2022-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 940,900 473,330 47,045 520,375 420,525 467,570 xbrli:pure xbrli:shares iso4217:GBP 06394529 2022-07-01 2023-06-30 06394529 2023-06-30 06394529 2022-06-30 06394529 2021-07-01 2022-06-30 06394529 2022-06-30 06394529 2021-06-30 06394529 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 06394529 bus:Director2 2022-07-01 2023-06-30 06394529 core:WithinOneYear 2023-06-30 06394529 core:WithinOneYear 2022-06-30 06394529 core:NetGoodwill 2022-06-30 06394529 core:NetGoodwill 2023-06-30 06394529 core:PlantMachinery 2022-06-30 06394529 core:FurnitureFittings 2022-06-30 06394529 core:PlantMachinery 2023-06-30 06394529 core:FurnitureFittings 2023-06-30 06394529 core:AfterOneYear 2023-06-30 06394529 core:AfterOneYear 2022-06-30 06394529 core:ShareCapital 2023-06-30 06394529 core:ShareCapital 2022-06-30 06394529 core:SharePremium 2023-06-30 06394529 core:SharePremium 2022-06-30 06394529 core:RetainedEarningsAccumulatedLosses 2023-06-30 06394529 core:RetainedEarningsAccumulatedLosses 2022-06-30 06394529 core:BetweenOneFiveYears 2023-06-30 06394529 core:BetweenOneFiveYears 2022-06-30 06394529 core:MoreThanFiveYears 2023-06-30 06394529 core:MoreThanFiveYears 2022-06-30 06394529 core:NetGoodwill 2022-07-01 2023-06-30 06394529 core:PlantMachinery 2022-07-01 2023-06-30 06394529 core:FurnitureFittings 2022-07-01 2023-06-30 06394529 core:NetGoodwill 2022-06-30 06394529 core:PlantMachinery 2022-06-30 06394529 bus:SmallEntities 2022-07-01 2023-06-30 06394529 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 06394529 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 06394529 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 06394529 bus:FullAccounts 2022-07-01 2023-06-30 06394529 bus:OrdinaryShareClass1 2023-06-30 06394529 bus:OrdinaryShareClass1 2022-06-30
COMPANY REGISTRATION NUMBER: 06394529
DBS Datamarketing Limited
Filleted Unaudited Financial Statements
30 June 2023
DBS Datamarketing Limited
Statement of Financial Position
30 June 2023
2023
2022
Note
£
£
£
£
Fixed assets
Intangible assets
5
420,525
467,570
Tangible assets
6
760
1,839
---------
---------
421,285
469,409
Current assets
Debtors
7
739,257
668,229
Cash at bank and in hand
690,867
608,158
------------
------------
1,430,124
1,276,387
Creditors: amounts falling due within one year
8
242,715
215,026
------------
------------
Net current assets
1,187,409
1,061,361
------------
------------
Total assets less current liabilities
1,608,694
1,530,770
Creditors: amounts falling due after more than one year
9
20,717
31,365
------------
------------
Net assets
1,587,977
1,499,405
------------
------------
Capital and reserves
Called up share capital
10
5,400
5,400
Share premium account
1,008,200
1,008,200
Profit and loss account
574,377
485,805
------------
------------
Shareholders funds
1,587,977
1,499,405
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
DBS Datamarketing Limited
Statement of Financial Position (continued)
30 June 2023
These financial statements were approved by the board of directors and authorised for issue on 12 February 2024 , and are signed on behalf of the board by:
A R C Williams
Director
Company registration number: 06394529
DBS Datamarketing Limited
Notes to the Financial Statements
Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Buckingham Court, Dairy Road, Chelmsford, Essex, CM2 6XW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
20 years straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & Machinery
-
3 years straight line
Fixture & Fittings
-
5 years straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 18 (2022: 15 ).
5. Intangible assets
Goodwill
£
Cost
At 1 July 2022 and 30 June 2023
940,900
---------
Amortisation
At 1 July 2022
473,330
Charge for the year
47,045
---------
At 30 June 2023
520,375
---------
Carrying amount
At 30 June 2023
420,525
---------
At 30 June 2022
467,570
---------
6. Tangible assets
Plant and machinery
Fixtures and fittings
Total
£
£
£
Cost
At 1 July 2022 and 30 June 2023
92,973
21,454
114,427
--------
--------
---------
Depreciation
At 1 July 2022
91,134
21,454
112,588
Charge for the year
1,079
1,079
--------
--------
---------
At 30 June 2023
92,213
21,454
113,667
--------
--------
---------
Carrying amount
At 30 June 2023
760
760
--------
--------
---------
At 30 June 2022
1,839
1,839
--------
--------
---------
7. Debtors
2023
2022
£
£
Trade debtors
448,485
331,236
Amounts owed by group undertakings
194,471
276,990
Prepayments and accrued income
52,562
16,492
Other debtors
43,739
43,511
---------
---------
739,257
668,229
---------
---------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
10,648
10,648
Trade creditors
64,890
43,606
Amounts owed to group undertakings
12,000
36,399
Accruals and deferred income
7,207
7,682
Corporation tax
38,888
29,075
Social security and other taxes
104,939
79,711
Other creditors
4,143
7,905
---------
---------
242,715
215,026
---------
---------
9. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
20,717
31,365
--------
--------
10. Called up share capital
Authorised share capital
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
10,000
10,000
10,000
10,000
--------
--------
--------
--------
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
5,400
5,400
5,400
5,400
-------
-------
-------
-------
11. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2023
2022
£
£
Not later than 1 year
76,997
52,980
Later than 1 year and not later than 5 years
236,424
204,660
Later than 5 years
340,000
391,000
---------
---------
653,421
648,640
---------
---------
12. Related party transactions
Sales Purchases Balances at 30 June Dr/(Cr)
£ £ £
Other related parties
30 June 2023 84,000 294,658
30 June 2022 84,000 276,990
Related parties with significant influence/control
The above purchases relate to rental expenses. The company wholly owns DBS Data Limited and has taken advantage of the exemption granted under FRS 102 section 33.1A not to disclose transactions with DBS Data Limited. At the year end a director owed the company £17,913 (2022 - £11,597) which is shown amongst other debtors. Interest was charged on this loan.