Silverfin false false 31/12/2023 01/01/2023 31/12/2023 Christopher John Brownlees 24/04/2019 Vanessa De Froberville 25/04/2019 Dominique Fraisse 10/01/2021 Benjamin John Heaney 07/11/2017 Quintin John Heaney 03/05/2019 Samuel Dewi Heaney 16/11/2023 03/05/2019 28 February 2024 The principal activity of the company during the financial year was that of information technology consultancy activities. 11052076 2023-12-31 11052076 bus:Director1 2023-12-31 11052076 bus:Director2 2023-12-31 11052076 bus:Director3 2023-12-31 11052076 bus:Director4 2023-12-31 11052076 bus:Director5 2023-12-31 11052076 bus:Director6 2023-12-31 11052076 2022-12-31 11052076 core:CurrentFinancialInstruments 2023-12-31 11052076 core:CurrentFinancialInstruments 2022-12-31 11052076 core:ShareCapital 2023-12-31 11052076 core:ShareCapital 2022-12-31 11052076 core:SharePremium 2023-12-31 11052076 core:SharePremium 2022-12-31 11052076 core:RetainedEarningsAccumulatedLosses 2023-12-31 11052076 core:RetainedEarningsAccumulatedLosses 2022-12-31 11052076 core:OtherResidualIntangibleAssets 2022-12-31 11052076 core:OtherResidualIntangibleAssets 2023-12-31 11052076 core:ComputerEquipment 2022-12-31 11052076 core:ComputerEquipment 2023-12-31 11052076 bus:OrdinaryShareClass1 2023-12-31 11052076 2023-01-01 2023-12-31 11052076 bus:FilletedAccounts 2023-01-01 2023-12-31 11052076 bus:SmallEntities 2023-01-01 2023-12-31 11052076 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 11052076 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11052076 bus:Director1 2023-01-01 2023-12-31 11052076 bus:Director2 2023-01-01 2023-12-31 11052076 bus:Director3 2023-01-01 2023-12-31 11052076 bus:Director4 2023-01-01 2023-12-31 11052076 bus:Director5 2023-01-01 2023-12-31 11052076 bus:Director6 2023-01-01 2023-12-31 11052076 core:OtherResidualIntangibleAssets core:TopRangeValue 2023-01-01 2023-12-31 11052076 core:ComputerEquipment core:TopRangeValue 2023-01-01 2023-12-31 11052076 2022-01-01 2022-12-31 11052076 core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 11052076 core:ComputerEquipment 2023-01-01 2023-12-31 11052076 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 11052076 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11052076 (England and Wales)

DIALOGUE EXCHANGE GLOBAL LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

DIALOGUE EXCHANGE GLOBAL LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

DIALOGUE EXCHANGE GLOBAL LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2023
DIALOGUE EXCHANGE GLOBAL LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 1,732,154 1,910,349
Tangible assets 4 1,055 551
1,733,209 1,910,900
Current assets
Debtors 5 131,206 138,993
Cash at bank and in hand 180,236 128,253
311,442 267,246
Creditors: amounts falling due within one year 6 ( 45,363) ( 29,739)
Net current assets 266,079 237,507
Total assets less current liabilities 1,999,288 2,148,407
Net assets 1,999,288 2,148,407
Capital and reserves
Called-up share capital 7 14 10
Share premium account 3,720,913 2,946,759
Profit and loss account ( 1,721,639 ) ( 798,362 )
Total shareholders' funds 1,999,288 2,148,407

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Dialogue Exchange Global Limited (registered number: 11052076) were approved and authorised for issue by the Director on 28 February 2024. They were signed on its behalf by:

Benjamin John Heaney
Director
DIALOGUE EXCHANGE GLOBAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
DIALOGUE EXCHANGE GLOBAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Dialogue Exchange Global Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Tile House, 14a Homefield Road, London, SW19 4QF, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 4 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Computer equipment 4 years straight line
Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 6 6

The above includes directors of the company who waived their remuneration in 2023 but does not include the full time equivalent (FTE) staff that were dedicated to the business through the company's software supplier, Codibly. The number of FTE's provided by Codibly in the year was 10, compared to 11 in the prior year.

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 January 2023 3,035,374 3,035,374
Additions 696,147 696,147
At 31 December 2023 3,731,521 3,731,521
Accumulated amortisation
At 01 January 2023 1,125,025 1,125,025
Charge for the financial year 874,342 874,342
At 31 December 2023 1,999,367 1,999,367
Net book value
At 31 December 2023 1,732,154 1,732,154
At 31 December 2022 1,910,349 1,910,349

4. Tangible assets

Computer equipment Total
£ £
Cost
At 01 January 2023 1,258 1,258
Additions 1,008 1,008
At 31 December 2023 2,266 2,266
Accumulated depreciation
At 01 January 2023 707 707
Charge for the financial year 504 504
At 31 December 2023 1,211 1,211
Net book value
At 31 December 2023 1,055 1,055
At 31 December 2022 551 551

5. Debtors

2023 2022
£ £
Trade debtors 1,067 0
Prepayments and accrued income 4,920 1,934
VAT recoverable 0 817
Corporation tax 125,219 136,242
131,206 138,993

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 10,167 345
Amounts owed to directors 0 31
Accruals and deferred income 31,874 19,068
Other taxation and social security 3,320 0
Other creditors 2 10,295
45,363 29,739

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
13,726,714 Ordinary shares of £ 0.000001 each (2022: 10,190,802 shares of £ 0.000001 each) 14 10

On 15 March 2023 there were 319,292 £0.000001 shares issued at a par value of £0.319292. These shares were issued as a result of the company's development partner, Codibly, exercising their 2021 Option with Dialogue. The Option agreement gave Codibly the ability to convert the monetary value of certain discounts that it has given, either into equity shares in the company, or to be repaid in cash from a future fundraising round. A combination of cash and shares was issued.

During the year, in addition to the above, the company issued 3,216,620 £0.000001 shares at a par value of £3.21662