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Registered number: 08225577
Digital Marketing House Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2023
Accountancy Solutions (Northern) Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08225577
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 79,455 70,560
79,455 70,560
CURRENT ASSETS
Stocks 5 1,640 8,113
Debtors 6 11,803 318
Cash at bank and in hand 32,893 47,752
46,336 56,183
Creditors: Amounts Falling Due Within One Year 7 (25,113 ) (31,504 )
NET CURRENT ASSETS (LIABILITIES) 21,223 24,679
TOTAL ASSETS LESS CURRENT LIABILITIES 100,678 95,239
Creditors: Amounts Falling Due After More Than One Year 8 (95,275 ) (83,612 )
NET ASSETS 5,403 11,627
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 5,303 11,527
SHAREHOLDERS' FUNDS 5,403 11,627
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For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ian Harrop
Director
07/05/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
1.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Straight Line
Motor Vehicles 25% Reducing Balance
1.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
1.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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1.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Based on the current results there is no deferred tax liability.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2022: 1)
2 1
3. Intangible Assets
Goodwill
£
Cost
As at 1 October 2022 10,500
As at 30 September 2023 10,500
Amortisation
As at 1 October 2022 10,500
As at 30 September 2023 10,500
Net Book Value
As at 30 September 2023 -
As at 1 October 2022 -
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 October 2022 37,756 89,790 127,546
Additions 1,698 52,733 54,431
Disposals - (31,683 ) (31,683 )
As at 30 September 2023 39,454 110,840 150,294
Depreciation
As at 1 October 2022 27,785 29,201 56,986
Provided during the period 3,838 23,876 27,714
Disposals - (13,861 ) (13,861 )
As at 30 September 2023 31,623 39,216 70,839
Net Book Value
As at 30 September 2023 7,831 71,624 79,455
As at 1 October 2022 9,971 60,589 70,560
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5. Stocks
2023 2022
£ £
Stock 1,640 8,113
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 7,370 318
Prepayments and accrued income 4,433 -
11,803 318
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 10,127 7,655
Bank loans and overdrafts 5,585 3,960
Corporation tax - 30
Other taxes and social security - 270
VAT 6,098 5,240
Deposit holding account 1,085 -
Other loan 48 622
Accruals and deferred income - 180
Director's loan account 2,170 13,547
25,113 31,504
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 73,165 57,542
Bank loans 22,110 26,070
95,275 83,612
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The maturity of these amounts is as follows:
Within one year 10,127 7,655
Between one and five years 73,165 57,542
83,292 65,197
83,292 65,197
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10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
11. General Information
Digital Marketing House Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08225577 . The registered office is 5 Station Road, Kenton Bank Foot, Newcastle upon Tyne, Tyne and Wear, NE13 8AG.
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