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REGISTERED NUMBER: 10312062 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

DCMN MARKETING SOLUTIONS LTD

DCMN MARKETING SOLUTIONS LTD (REGISTERED NUMBER: 10312062)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DCMN MARKETING SOLUTIONS LTD

COMPANY INFORMATION
For The Year Ended 31 December 2023







DIRECTORS: DCMN Gmbh
A M Dengler





REGISTERED OFFICE: 3rd Floor Waverley House,
7-12 Noel Street,
London
London
W1F 8GQ





REGISTERED NUMBER: 10312062 (England and Wales)





AUDITORS: Caldwell Penn Limited, Statutory Auditor
7a Abbey Business Park
Monks Walk
Farnham
Surrey
GU9 8HT

DCMN MARKETING SOLUTIONS LTD (REGISTERED NUMBER: 10312062)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 5 215,508 152,565
Cash at bank 17,618 38,477
233,126 191,042
CREDITORS
Amounts falling due within one year 6 443,775 463,606
NET CURRENT LIABILITIES (210,649 ) (272,564 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(210,649

)

(272,564

)

CREDITORS
Amounts falling due after more than one year 7 1,994,509 1,965,822
NET LIABILITIES (2,205,158 ) (2,238,386 )

CAPITAL AND RESERVES
Called up share capital 8 20,000 20,000
Retained earnings (2,225,158 ) (2,258,386 )
(2,205,158 ) (2,238,386 )

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 Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:





A M Dengler - Director


DCMN MARKETING SOLUTIONS LTD (REGISTERED NUMBER: 10312062)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023


1. STATUTORY INFORMATION

Dcmn Marketing Solutions Ltd is a private company, limited by shares , registered in England and Wales. 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
The financial statements have been prepared in accordance with the provisions of Section 1A ''Smaller Entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis, which the directors consider to be appropriate. The directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company is reliant upon support from the parent company who will continue to provide the necessary finance to enable the company to meet its liabilities as they fall due. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Critical accounting judgements and key sources of estimation uncertainty
Management have applied the following judgements in the preparation of these financial statements:

Useful economic lives of tangible fixed assets

Fixed assets are depreciated over their useful lives taking into account residual values, where appropriate.
The actual lives of the assets are assessed annually and may vary depending on a number of factors. In
re-assessing asset lives, factors such as technological innovation and product life cycles are taken into
account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

Deferred tax assets

Management is required to assess whether it is appropriate to recognise a deferred tax asset relating to
taxable losses available to the Company. The recognition of deferred tax assets is based upon whether it
is more likely than not that sufficient and suitable taxable profits will be available in the future against
which the reversal of losses and other deductions can be deducted.
To determine the future taxable profits, reference is made to the latest available forecasts. Therefore, this
involves judgement regarding the future financial performance of the Company in which a deferred tax
asset would be recognised.

Bad debt provision

The Company makes an estimate of the recoverable value of trade and other debtors. When assessing
impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience of payment.

DCMN MARKETING SOLUTIONS LTD (REGISTERED NUMBER: 10312062)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued

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

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. During the year the Company changed its role
within the Group to which it belongs and is now predominantly a sales and marketing division. As a
result a significant proportion of revenue now reflects the recharge of costs to its parent company,
DCMN GmbH in accordance with a cost-plus agreement between the two entities. 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 for revenue to be
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 measuredreliably; and
-the costs incurred and the costs to complete the contract can be measured reliably.

- 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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
.
Depreciation is charged so as to allocate the cost of assets less their residual value over their
estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment-3 years

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.

Financial instruments
The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost, [except for investments in shares which are measured at fair value]. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss.


DCMN MARKETING SOLUTIONS LTD (REGISTERED NUMBER: 10312062)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods.

Consideration is given to whether deferred tax should be provided in respect of material timing differences which have not reversed at the balance sheet date. Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or future taxable profits.

Current tax assets and liabilities are not discounted and are 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.

Foreign currencies
Transactions denominated in foreign currencies are translated into sterling and recorded at the rate of exchange ruling at the date of the transaction. Balances at the year-end denominated in a foreign currency are translated into sterling at the rate of exchange ruling at the balance sheet date.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023 4,000
Disposals (4,000 )
At 31 December 2023 -
DEPRECIATION
At 1 January 2023 4,000
Eliminated on disposal (4,000 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

DCMN MARKETING SOLUTIONS LTD (REGISTERED NUMBER: 10312062)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 132,025 18,673
Other debtors 56,652 52,709
Prepayments and accrued income 26,831 81,183
215,508 152,565

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 129,846 188
Other creditors 305,229 381,381
Accruals and deferred income 8,700 82,037
443,775 463,606

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 1,994,509 1,965,822

8. CALLED UP SHARE CAPITAL

Share capital

2023 2022

Allotted, called up and fully paid
20,000 (2022 - 20,000) Ordinary shares of £1.00 each 20,000 20,000


9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Katharine E Halsall (Senior Statutory Auditor)
for and on behalf of Caldwell Penn Limited, Statutory Auditor

10. RELATED PARTY DISCLOSURES

DCMN Marketing Solutions Ltd have taken the exemption under FRS 102, section 33 Related Party Disclosures paragraph 33.1A whereby the company is not required to disclose transactions with other companies who are wholly owned within the group.

At the year end, the parent company had loaned £2,321,211 (2022 - £2,341,184). £326,702 (2022 - £375,362) is shown in other creditors due in one year. The remaining balance is shown in other creditors due in over one year which includes a loan balance of £1,994,509 (2022 - £1,965,822) with 5.5% interest being charged each year.

11. ULTIMATE CONTROLLING PARTY

The immediate parent company is DCMN GmbH, a company incorporated in Germany. DCMN GmbH prepares consolidated accounts and these are available from the company's registered office at Boxhanger StraBe 18, 10245, Berlin, Germany.