IRIS Accounts Production v24.2.0.383 08707868 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh087078682022-12-31087078682023-12-31087078682023-01-012023-12-31087078682021-12-31087078682022-01-012022-12-31087078682022-12-3108707868ns15:EnglandWales2023-01-012023-12-3108707868ns14:PoundSterling2023-01-012023-12-3108707868ns10:Director12023-01-012023-12-3108707868ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3108707868ns10:SmallEntities2023-01-012023-12-3108707868ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3108707868ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3108707868ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3108707868ns10:AbridgedAccounts2023-01-012023-12-3108707868ns10:Director22023-01-012023-12-3108707868ns10:Director32023-01-012023-12-3108707868ns10:Director42023-01-012023-12-3108707868ns10:Director52023-01-012023-12-3108707868ns10:CompanySecretary12023-01-012023-12-3108707868ns10:RegisteredOffice2023-01-012023-12-3108707868ns5:CurrentFinancialInstruments2023-12-3108707868ns5:CurrentFinancialInstruments2022-12-3108707868ns5:Non-currentFinancialInstruments2023-12-3108707868ns5:Non-currentFinancialInstruments2022-12-3108707868ns5:ShareCapital2023-12-3108707868ns5:ShareCapital2022-12-3108707868ns5:SharePremium2023-12-3108707868ns5:SharePremium2022-12-3108707868ns5:CapitalRedemptionReserve2023-12-3108707868ns5:CapitalRedemptionReserve2022-12-3108707868ns5:FurtherSpecificReserve1ComponentTotalEquity2023-12-3108707868ns5:FurtherSpecificReserve1ComponentTotalEquity2022-12-3108707868ns5:RetainedEarningsAccumulatedLosses2023-12-3108707868ns5:RetainedEarningsAccumulatedLosses2022-12-3108707868ns5:PlantMachinery2023-01-012023-12-31
REGISTERED NUMBER: 08707868 (England and Wales)


Unaudited Financial Statements for the Year Ended 31 December 2023

for

DMPG Ltd

DMPG Ltd (Registered number: 08707868)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


DMPG Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S Carrod
T Marianczak
P A R Affleck
A J Ross
D Todhunter





SECRETARY: Ms A L L Mcarthur





REGISTERED OFFICE: Havas House
Hermitage Court
Hermitage Lane
Maidstone
Kent
ME16 9NT





REGISTERED NUMBER: 08707868 (England and Wales)





ACCOUNTANTS: Fizz Accounting Limited
6a St Andrews Court
Wellington Street
Thame
Oxfordshire
OX9 3WT

DMPG Ltd (Registered number: 08707868)

Abridged Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,592 36,200

CURRENT ASSETS
Debtors 1,282,439 1,006,180
Cash at bank 442,652 676,693
1,725,091 1,682,873
CREDITORS
Amounts falling due within one year 439,705 383,977
NET CURRENT ASSETS 1,285,386 1,298,896
TOTAL ASSETS LESS CURRENT LIABILITIES 1,318,978 1,335,096

CREDITORS
Amounts falling due after more than one year (78,459 ) (130,074 )

PROVISIONS FOR LIABILITIES (8,398 ) (9,050 )
NET ASSETS 1,232,121 1,195,972

CAPITAL AND RESERVES
Called up share capital 1,100 1,100
Share premium 136 -
Capital redemption reserve 500 500
Share option reserve 4,695 1,582
Retained earnings 1,225,690 1,192,790
SHAREHOLDERS' FUNDS 1,232,121 1,195,972

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.

DMPG Ltd (Registered number: 08707868)

Abridged 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 18 September 2024 and were signed on its behalf by:





T Marianczak - Director


DMPG Ltd (Registered number: 08707868)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

DMPG 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.
Plant and machinery etc - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Share based payment transactions
Options vesting under equity-settled share based payment arrangements are recognised at fair value of the equity instruments granted, using an earnings multiple valuation method. The value of vested options is recognised in profit or loss and in a share equity reserve. On exercise, the issue of share capital is recognised, with the corresponding share option equity reserve being released to retained earnings.

DMPG Ltd (Registered number: 08707868)

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 23 (2022 - 23 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 60,289
Additions 16,619
At 31 December 2023 76,908
DEPRECIATION
At 1 January 2023 24,089
Charge for year 19,227
At 31 December 2023 43,316
NET BOOK VALUE
At 31 December 2023 33,592
At 31 December 2022 36,200

5. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Other loans 133,409 179,231

The loan is secured by way of a fixed and floating charge over the company's assets.

6. OTHER FINANCIAL COMMITMENTS

The company had total commitments under operating leases at the year end of £39,084 (2022: £22,508).

7. SHARE-BASED PAYMENT TRANSACTIONS

The company operates an EMI approved option scheme. Share options are exercisable for Ordinary A shares. The options are exercisable in the event of an exit.

All options are exercisable over £0.0001 Ordinary A shares, at two exercise prices of £0.06 and £0.11 per share.

At the beginning of the period, 106,000 options were in existence under the EMI scheme. During the period, 5,000 of these had lapsed, and a further 35,000 options were granted. Of the 131,000 options left in existence, 63,900 had vested at the balance sheet date.

During the year, 1,241 options were exercised at an exercise price of £0.11 per share.

All options will lapse by October 2032.