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REGISTERED NUMBER: 08500593 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

DIGITAL NATIVES CONTENT LTD

DIGITAL NATIVES CONTENT LTD (REGISTERED NUMBER: 08500593)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DIGITAL NATIVES CONTENT LTD

Company Information
for the year ended 31 December 2023







Directors: Mr O A Elmes
Mr A T Fitch





Registered office: Unit 118
203-213 Mare Street
London
E8 3JS





Registered number: 08500593 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

DIGITAL NATIVES CONTENT LTD (REGISTERED NUMBER: 08500593)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 10,425 36,136

Current assets
Debtors 5 784,983 584,870
Cash at bank and in hand 480,129 500,579
1,265,112 1,085,449
Creditors
Amounts falling due within one year 6 719,113 469,803
Net current assets 545,999 615,646
Total assets less current liabilities 556,424 651,782

Creditors
Amounts falling due after more than one
year

7

(18,743

)

(29,634

)

Provisions for liabilities 8 (2,606 ) (8,710 )
Net assets 535,075 613,438

Capital and reserves
Called up share capital 9 1 1
Retained earnings 535,074 613,437
535,075 613,438

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.

DIGITAL NATIVES CONTENT LTD (REGISTERED NUMBER: 08500593)

Statement of Financial Position - 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 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 19 September 2024 and were signed on its behalf by:




Mr O A Elmes - Director



Mr A T Fitch - Director


DIGITAL NATIVES CONTENT LTD (REGISTERED NUMBER: 08500593)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

Digital Natives Content 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 - 33.3% on cost
Fixtures and fittings - 33.3% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 statement of financial position 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.

DIGITAL NATIVES CONTENT LTD (REGISTERED NUMBER: 08500593)

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 28 (2022 - 31 ) .

4. Tangible fixed assets
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
Cost
At 1 January 2023
and 31 December 2023 75,182 6,652 81,834
Depreciation
At 1 January 2023 39,698 6,000 45,698
Charge for year 25,059 652 25,711
At 31 December 2023 64,757 6,652 71,409
Net book value
At 31 December 2023 10,425 - 10,425
At 31 December 2022 35,484 652 36,136

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 584,168 442,637
Other debtors 200,815 142,233
784,983 584,870

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 11,930 11,039
Trade creditors 60,012 43,470
Taxation and social security 186,682 143,085
Other creditors 460,489 272,209
719,113 469,803

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 18,743 29,634

8. Provisions for liabilities
2023 2022
£    £   
Deferred tax 2,606 8,710

DIGITAL NATIVES CONTENT LTD (REGISTERED NUMBER: 08500593)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


8. Provisions for liabilities - continued

Deferred
tax
£   
Balance at 1 January 2023 8,710
Credit to Statement of Income and Retained Earnings during year (6,104 )
Balance at 31 December 2023 2,606

9. Called up share capital

At the end of the financial year the following share classes are in place:

Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary Shares £0.01 - 1.00
50 A Shares £0.01 0.50 -
20 B Shares £0.01 0.20 -
20 C Shares £0.01 0.20 -
5 D Shares £0.01 0.05 -
5 E Shares £0.01 0.05 -

1.00 1.00

During the year the 100 Ordinary shares were split into A, B, C, D and E shares.

10. Directors' advances, credits and guarantees

Included within other creditors due within one year is an amount of £41,592 (2022 - £22,106) due to the director, Mr O Elmes.

Included within other creditors due within one year is an amount of £79,642 (2022 - £31,000) due to the director, Mr A Fitch.

11. Related party disclosures

Included within other debtors due within one year is an amount of £122,683 (2022 - £111,984) due from a company that the directors have a material interest in.