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REGISTERED NUMBER: 08125623 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SB DIGITAL MEDIA LTD

SB DIGITAL MEDIA LTD (REGISTERED NUMBER: 08125623)

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


SB DIGITAL MEDIA LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: J Brown
J R Sammon





REGISTERED OFFICE: 2 Manor Farm Court,
Old Wolverton Road,
Old Wolverton
Milton Keynes
Buckinghamshire
MK12 5NN





REGISTERED NUMBER: 08125623 (England and Wales)





ACCOUNTANTS: Ad Valorem Accountancy Services Limited
Chartered Certified Accountants
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Buckinghamshire
MK12 5NN

SB DIGITAL MEDIA LTD (REGISTERED NUMBER: 08125623)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 6,273 6,283
Investments 5 - 297,000
6,273 303,283

CURRENT ASSETS
Debtors 6 1,311,002 2,598,804
Cash at bank and in hand 277,565 419,575
1,588,567 3,018,379
CREDITORS
Amounts falling due within one year 7 1,089,059 1,854,087
NET CURRENT ASSETS 499,508 1,164,292
TOTAL ASSETS LESS CURRENT
LIABILITIES

505,781

1,467,575

CREDITORS
Amounts falling due after more than one
year

8

14,167

24,167
NET ASSETS 491,614 1,443,408

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 491,514 1,443,308
SHAREHOLDERS' FUNDS 491,614 1,443,408

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 directors acknowledge their 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.

SB DIGITAL MEDIA LTD (REGISTERED NUMBER: 08125623)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 August 2024 and were signed on its behalf by:




J R Sammon - Director



J Brown - Director


SB DIGITAL MEDIA LTD (REGISTERED NUMBER: 08125623)

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


1. STATUTORY INFORMATION

SB Digital Media 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
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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Over the lease term of 5 years
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

TAXATION
Taxation for the year comprises current and deferred 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 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.

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.

FOREIGN CURRENCIES
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

SB DIGITAL MEDIA LTD (REGISTERED NUMBER: 08125623)

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


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Improvements and Computer
to property fittings equipment Totals
£ £ £ £
COST
At 1 January 2023 67,569 8,167 3,408 79,144
Additions - 3,354 - 3,354
At 31 December 2023 67,569 11,521 3,408 82,498
DEPRECIATION
At 1 January 2023 62,869 6,723 3,269 72,861
Charge for year 1,350 1,945 69 3,364
At 31 December 2023 64,219 8,668 3,338 76,225
NET BOOK VALUE
At 31 December 2023 3,350 2,853 70 6,273
At 31 December 2022 4,700 1,444 139 6,283

5. FIXED ASSET INVESTMENTS
Other
investments
£
COST
At 1 January 2023 297,000
Disposals (297,000 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 297,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 1,148,487 2,494,646
Amounts owed by group undertakings 70,486 78,722
Other debtors 2,261 2,263
Directors' current accounts - 5,972
Prepayments and accrued income 85,283 13,236
Prepayments 4,485 3,965
1,311,002 2,598,804

SB DIGITAL MEDIA LTD (REGISTERED NUMBER: 08125623)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 328,315 527,167
Amounts owed to group undertakings 397,890 664,417
Tax - 307,549
VAT 130,379 156,177
Other creditors 1,078 4,688
Accruals and deferred income 221,397 184,089
1,089,059 1,854,087

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans - 1-2 years 14,167 24,167

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary 1 100 100

10. RELATED PARTY DISCLOSURES

During the year the company received an interest free loan from SB7 Mobile Ltd of £27,259, a company under common control. At the balance sheet the amount outstanding was £167,591 (2022: £140,132).

The company received an interest free loan of £250,000 from SB Media Group Limited, its Parent company. At the balance sheet the amount outstanding was £230,299 (2022: £480,299).

These amounts were included within the amounts owed to/ by group undertakings.

11. PARENT COMPANY

The company is owned by SB Media Group Limited, a company incorporated in England and Wales (company number 10218169).

The registered office address of SB Media Group Limited is, 2 Manor Farm Court, Old Wolverton Road, Old Wolverton, Milton Keynes, MK12 5NN.