Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31102023-01-01falseNo description of principal activity12truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04592605 2023-01-01 2023-12-31 04592605 2022-01-01 2022-12-31 04592605 2023-12-31 04592605 2022-12-31 04592605 c:Director1 2023-01-01 2023-12-31 04592605 d:Buildings d:LongLeaseholdAssets 2023-01-01 2023-12-31 04592605 d:Buildings d:LongLeaseholdAssets 2023-12-31 04592605 d:Buildings d:LongLeaseholdAssets 2022-12-31 04592605 d:PlantMachinery 2023-01-01 2023-12-31 04592605 d:PlantMachinery 2023-12-31 04592605 d:PlantMachinery 2022-12-31 04592605 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04592605 d:MotorVehicles 2023-01-01 2023-12-31 04592605 d:MotorVehicles 2023-12-31 04592605 d:MotorVehicles 2022-12-31 04592605 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04592605 d:FurnitureFittings 2023-01-01 2023-12-31 04592605 d:FurnitureFittings 2023-12-31 04592605 d:FurnitureFittings 2022-12-31 04592605 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04592605 d:ComputerEquipment 2023-01-01 2023-12-31 04592605 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04592605 d:CurrentFinancialInstruments 2023-12-31 04592605 d:CurrentFinancialInstruments 2022-12-31 04592605 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04592605 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04592605 d:ShareCapital 2023-12-31 04592605 d:ShareCapital 2022-12-31 04592605 d:RetainedEarningsAccumulatedLosses 2023-12-31 04592605 d:RetainedEarningsAccumulatedLosses 2022-12-31 04592605 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 04592605 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 04592605 c:FRS102 2023-01-01 2023-12-31 04592605 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04592605 c:FullAccounts 2023-01-01 2023-12-31 04592605 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04592605 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 04592605









DYNAMIC DIGITAL IMAGING LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
DYNAMIC DIGITAL IMAGING LIMITED
REGISTERED NUMBER: 04592605

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
245,088
176,656

Current assets
  

Stocks
  
106,053
106,624

Debtors: amounts falling due within one year
 5 
402,476
466,270

Cash at bank and in hand
  
426,871
611,406

  
935,400
1,184,300

Creditors: amounts falling due within one year
 6 
(164,247)
(335,764)

Net current assets
  
 
 
771,153
 
 
848,536

Total assets less current liabilities
  
1,016,241
1,025,192

Provisions for liabilities
  

Deferred tax
 7 
(53,873)
(35,216)

Net assets
  
962,368
989,976


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
962,268
989,876

  
962,368
989,976


Page 1

 
DYNAMIC DIGITAL IMAGING LIMITED
REGISTERED NUMBER: 04592605

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 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 6 June 2024.



................................................
A J Rope
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
DYNAMIC DIGITAL IMAGING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Dynamic Digital Imaging Limited is a private company, limited by shares, incorporated in England and Wales with the registration number 04592605. The address of the registered office is 9 Francis Way, Bowthorpe Employment Area, Norwich, Norfolk, NR5 9JA.
The financial statements are presented in sterling, which is the functional currency of the company, and rounded to the nearest £.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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, value added tax and other sales taxes. 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

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Interest income

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

Page 3

 
DYNAMIC DIGITAL IMAGING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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 corporation 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.

 
2.7

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

 
DYNAMIC DIGITAL IMAGING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Leasehold improvements
-
10%
straight line
Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
25%
straight line
Computer equipment
-
33%
straight line

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.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.

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.

 
2.9

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.

 
2.10

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.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
DYNAMIC DIGITAL IMAGING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
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 12 (2022 - 10).


4.


Tangible fixed assets





Leasehold improvements
Plant and machinery
Motor vehicles
Fixtures and fittings and computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2023
21,719
314,701
85,897
129,463
551,780


Additions
-
32,055
130,518
1,169
163,742


Disposals
-
(101,736)
(40,282)
-
(142,018)



At 31 December 2023

21,719
245,020
176,133
130,632
573,504



Depreciation


At 1 January 2023
21,719
205,743
32,813
114,849
375,124


Charge for the year on owned assets
-
30,355
36,626
5,988
72,969


Disposals
-
(95,864)
(23,813)
-
(119,677)



At 31 December 2023

21,719
140,234
45,626
120,837
328,416



Net book value



At 31 December 2023
-
104,786
130,507
9,795
245,088



At 31 December 2022
-
108,958
53,084
14,614
176,656


5.


Debtors

2023
2022
£
£


Trade debtors
184,866
189,595

Other debtors
208,767
267,307
Page 6

 
DYNAMIC DIGITAL IMAGING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.Debtors (continued)


Prepayments and accrued income
8,843
9,368

402,476
466,270



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
43,101
95,033

Corporation tax
10,896
64,798

Other taxation and social security
72,709
21,112

Other creditors
27,021
142,409

Accruals and deferred income
10,520
12,412

164,247
335,764



7.


Deferred taxation




2023


£






At beginning of year
35,216


Charged to profit or loss
18,657



At end of year
53,873

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
53,873
35,216


8.


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 charges represent contributions payable by the Company to the funds and amounted to £321,074 (2022 - £4,834). Contributions totalling £638 (2022 - £790) were payable to the funds at the balance sheet date.

Page 7

 
DYNAMIC DIGITAL IMAGING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Related party transactions

At 1 January 2023 A J Rope owed the company £258,574. The director withdrew amounts totalling £540,172 and made repayments totalling £598,178. No interest was charged leaving a balance due to the company of £200,568 as at 31 December 2023. This balance has been cleared after the year end.


Page 8