IRIS Accounts Production v24.1.0.576 SC198924 director 1.1.23 31.12.23 31.12.23 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1989242022-12-31SC1989242023-12-31SC1989242023-01-012023-12-31SC1989242021-12-31SC1989242022-01-012022-12-31SC1989242022-12-31SC198924ns15:Scotland2023-01-012023-12-31SC198924ns14:PoundSterling2023-01-012023-12-31SC198924ns10:Director12023-01-012023-12-31SC198924ns10:PrivateLimitedCompanyLtd2023-01-012023-12-31SC198924ns10:SmallEntities2023-01-012023-12-31SC198924ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-31SC198924ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-31SC198924ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-31SC198924ns10:FullAccounts2023-01-012023-12-31SC19892412023-01-012023-12-31SC198924ns10:OrdinaryShareClass12023-01-012023-12-31SC198924ns10:CompanySecretary12023-01-012023-12-31SC198924ns10:RegisteredOffice2023-01-012023-12-31SC198924ns5:CurrentFinancialInstruments2023-12-31SC198924ns5:CurrentFinancialInstruments2022-12-31SC198924ns5:Non-currentFinancialInstruments2023-12-31SC198924ns5:Non-currentFinancialInstruments2022-12-31SC198924ns5:ShareCapital2023-12-31SC198924ns5:ShareCapital2022-12-31SC198924ns5:RetainedEarningsAccumulatedLosses2023-12-31SC198924ns5:RetainedEarningsAccumulatedLosses2022-12-31SC198924ns5:NetGoodwill2023-01-012023-12-31SC198924ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-31SC198924ns5:PlantMachinery2023-01-012023-12-31SC198924ns5:NetGoodwill2022-12-31SC198924ns5:NetGoodwill2023-12-31SC198924ns5:NetGoodwill2022-12-31SC198924ns5:LandBuildings2022-12-31SC198924ns5:PlantMachinery2022-12-31SC198924ns5:LandBuildings2023-01-012023-12-31SC198924ns5:LandBuildings2023-12-31SC198924ns5:PlantMachinery2023-12-31SC198924ns5:LandBuildings2022-12-31SC198924ns5:PlantMachinery2022-12-31SC198924ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-31SC198924ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31SC198924ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-31SC198924ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31SC198924ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-12-31SC198924ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2022-12-31SC198924ns5:HirePurchaseContracts2023-12-31SC198924ns5:HirePurchaseContracts2022-12-31SC198924ns10:OrdinaryShareClass12023-12-31SC1989241ns10:Director12022-12-31SC1989241ns10:Director12021-12-31SC1989241ns10:Director12023-01-012023-12-31SC1989241ns10:Director12022-01-012022-12-31SC1989241ns10:Director12023-12-31SC1989241ns10:Director12022-12-31
REGISTERED NUMBER: SC198924 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Digital Typeline Publications Limited

Digital Typeline Publications Limited (Registered number: SC198924)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Digital Typeline Publications Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: A Joseph





SECRETARY: L Joseph





REGISTERED OFFICE: 4/4 Inveresk Mills Industrial Park
Musselburgh
EH21 7UQ





REGISTERED NUMBER: SC198924 (Scotland)





ACCOUNTANTS: Crichton Mackie Accounting Services Ltd
66 Barntongate Drive
Edinburgh
EH4 8BY

Digital Typeline Publications Limited (Registered number: SC198924)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 44,000 27,000
Tangible assets 5 192,390 281,369
236,390 308,369

CURRENT ASSETS
Stocks 108,757 106,007
Debtors 6 301,256 326,802
Cash at bank and in hand 35,325 133,187
445,338 565,996
CREDITORS
Amounts falling due within one year 7 283,428 306,990
NET CURRENT ASSETS 161,910 259,006
TOTAL ASSETS LESS CURRENT
LIABILITIES

398,300

567,375

CREDITORS
Amounts falling due after more than
one year

8

(180,443

)

(304,256

)

PROVISIONS FOR LIABILITIES (38,867 ) (35,626 )
NET ASSETS 178,990 227,493

Digital Typeline Publications Limited (Registered number: SC198924)

Balance Sheet - continued
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 178,890 227,393
SHAREHOLDERS' FUNDS 178,990 227,493

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

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

The director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 April 2024 and were signed by:





A Joseph - Director


Digital Typeline Publications Limited (Registered number: SC198924)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

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

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

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 Statement of Income and Retained Earnings, 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 Typeline Publications Limited (Registered number: SC198924)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023 30,000
Additions 20,000
At 31 December 2023 50,000
AMORTISATION
At 1 January 2023 3,000
Charge for year 3,000
At 31 December 2023 6,000
NET BOOK VALUE
At 31 December 2023 44,000
At 31 December 2022 27,000

Digital Typeline Publications Limited (Registered number: SC198924)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 7,150 979,141 986,291
Additions - 10,735 10,735
Disposals - (10,032 ) (10,032 )
At 31 December 2023 7,150 979,844 986,994
DEPRECIATION
At 1 January 2023 518 704,404 704,922
Charge for year 716 98,827 99,543
Eliminated on disposal - (9,861 ) (9,861 )
At 31 December 2023 1,234 793,370 794,604
NET BOOK VALUE
At 31 December 2023 5,916 186,474 192,390
At 31 December 2022 6,632 274,737 281,369

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 253,661 260,366
Other debtors 47,595 66,436
301,256 326,802

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 68,527 64,726
Hire purchase contracts (see note 9)
55,286

75,436
Trade creditors 87,629 92,911
Taxation and social security 51,148 29,386
Other creditors 20,838 44,531
283,428 306,990

Digital Typeline Publications Limited (Registered number: SC198924)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 180,443 248,970
Hire purchase contracts (see note 9)
-

55,286
180,443 304,256

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase contracts
31.12.23 31.12.22
£    £   
Net obligations repayable:
Within one year 55,286 75,436
Between one and five years - 55,286
55,286 130,722

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases of £211,447 (2022 - £272,294)

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts 55,286 130,722

Hire purchase liabilities are secured over the assets to which they relate

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

Digital Typeline Publications Limited (Registered number: SC198924)

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

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
A Joseph
Balance outstanding at start of year 29,458 45,870
Amounts advanced 9,674 29,458
Amounts repaid (38,971 ) (45,870 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 161 29,458

Interest is charged on outstanding loans at HMRC approved rates.