2023-07-012024-06-302024-06-30false09154639DIGITAL MARKETING SPECIALIST LTD2024-10-1062020iso4217:GBPxbrli:pure091546392023-07-01091546392024-06-30091546392023-07-012024-06-30091546392022-07-01091546392023-06-30091546392022-07-012023-06-3009154639bus:SmallEntities2023-07-012024-06-3009154639bus:AuditExempt-NoAccountantsReport2023-07-012024-06-3009154639bus:FullAccounts2023-07-012024-06-3009154639bus:PrivateLimitedCompanyLtd2023-07-012024-06-3009154639core:WithinOneYear2024-06-3009154639core:AfterOneYear2024-06-3009154639core:WithinOneYear2023-06-3009154639core:AfterOneYear2023-06-3009154639core:ShareCapital2024-06-3009154639core:SharePremium2024-06-3009154639core:RevaluationReserve2024-06-3009154639core:OtherReservesSubtotal2024-06-3009154639core:RetainedEarningsAccumulatedLosses2024-06-3009154639core:ShareCapital2023-06-3009154639core:SharePremium2023-06-3009154639core:RevaluationReserve2023-06-3009154639core:OtherReservesSubtotal2023-06-3009154639core:RetainedEarningsAccumulatedLosses2023-06-3009154639core:LandBuildings2024-06-3009154639core:PlantMachinery2024-06-3009154639core:Vehicles2024-06-3009154639core:FurnitureFittings2024-06-3009154639core:OfficeEquipment2024-06-3009154639core:NetGoodwill2024-06-3009154639core:IntangibleAssetsOtherThanGoodwill2024-06-3009154639core:ListedExchangeTraded2024-06-3009154639core:UnlistedNon-exchangeTraded2024-06-3009154639core:LandBuildings2023-06-3009154639core:PlantMachinery2023-06-3009154639core:Vehicles2023-06-3009154639core:FurnitureFittings2023-06-3009154639core:OfficeEquipment2023-06-3009154639core:NetGoodwill2023-06-3009154639core:IntangibleAssetsOtherThanGoodwill2023-06-3009154639core:ListedExchangeTraded2023-06-3009154639core:UnlistedNon-exchangeTraded2023-06-3009154639core:LandBuildings2023-07-012024-06-3009154639core:PlantMachinery2023-07-012024-06-3009154639core:Vehicles2023-07-012024-06-3009154639core:FurnitureFittings2023-07-012024-06-3009154639core:OfficeEquipment2023-07-012024-06-3009154639core:NetGoodwill2023-07-012024-06-3009154639core:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3009154639core:ListedExchangeTraded2023-07-012024-06-3009154639core:UnlistedNon-exchangeTraded2023-07-012024-06-3009154639core:MoreThanFiveYears2023-07-012024-06-3009154639core:Non-currentFinancialInstruments2024-06-3009154639core:Non-currentFinancialInstruments2023-06-3009154639dpl:CostSales2023-07-012024-06-3009154639dpl:DistributionCosts2023-07-012024-06-3009154639core:LandBuildings2023-07-012024-06-3009154639core:PlantMachinery2023-07-012024-06-3009154639core:Vehicles2023-07-012024-06-3009154639core:FurnitureFittings2023-07-012024-06-3009154639core:OfficeEquipment2023-07-012024-06-3009154639dpl:AdministrativeExpenses2023-07-012024-06-3009154639core:NetGoodwill2023-07-012024-06-3009154639core:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3009154639dpl:GroupUndertakings2023-07-012024-06-3009154639dpl:ParticipatingInterests2023-07-012024-06-3009154639dpl:GroupUndertakingscore:ListedExchangeTraded2023-07-012024-06-3009154639core:ListedExchangeTraded2023-07-012024-06-3009154639dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-07-012024-06-3009154639core:UnlistedNon-exchangeTraded2023-07-012024-06-3009154639dpl:CostSales2022-07-012023-06-3009154639dpl:DistributionCosts2022-07-012023-06-3009154639core:LandBuildings2022-07-012023-06-3009154639core:PlantMachinery2022-07-012023-06-3009154639core:Vehicles2022-07-012023-06-3009154639core:FurnitureFittings2022-07-012023-06-3009154639core:OfficeEquipment2022-07-012023-06-3009154639dpl:AdministrativeExpenses2022-07-012023-06-3009154639core:NetGoodwill2022-07-012023-06-3009154639core:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-3009154639dpl:GroupUndertakings2022-07-012023-06-3009154639dpl:ParticipatingInterests2022-07-012023-06-3009154639dpl:GroupUndertakingscore:ListedExchangeTraded2022-07-012023-06-3009154639core:ListedExchangeTraded2022-07-012023-06-3009154639dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-07-012023-06-3009154639core:UnlistedNon-exchangeTraded2022-07-012023-06-3009154639core:NetGoodwill2024-06-3009154639core:IntangibleAssetsOtherThanGoodwill2024-06-3009154639core:LandBuildings2024-06-3009154639core:PlantMachinery2024-06-3009154639core:Vehicles2024-06-3009154639core:FurnitureFittings2024-06-3009154639core:OfficeEquipment2024-06-3009154639core:AfterOneYear2024-06-3009154639core:WithinOneYear2024-06-3009154639core:ListedExchangeTraded2024-06-3009154639core:UnlistedNon-exchangeTraded2024-06-3009154639core:ShareCapital2024-06-3009154639core:SharePremium2024-06-3009154639core:RevaluationReserve2024-06-3009154639core:OtherReservesSubtotal2024-06-3009154639core:RetainedEarningsAccumulatedLosses2024-06-3009154639core:NetGoodwill2023-06-3009154639core:IntangibleAssetsOtherThanGoodwill2023-06-3009154639core:LandBuildings2023-06-3009154639core:PlantMachinery2023-06-3009154639core:Vehicles2023-06-3009154639core:FurnitureFittings2023-06-3009154639core:OfficeEquipment2023-06-3009154639core:AfterOneYear2023-06-3009154639core:WithinOneYear2023-06-3009154639core:ListedExc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DIGITAL MARKETING SPECIALIST LTD

Registered Number
09154639
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

DIGITAL MARKETING SPECIALIST LTD
Company Information
for the year from 1 July 2023 to 30 June 2024

Directors

DAVENPORT, Josephine Rose
DAVENPORT, Thomas Aaran

Registered Address

4/4a Bloomsbury Square
London
WC1A 2RP

Registered Number

09154639 (England and Wales)
DIGITAL MARKETING SPECIALIST LTD
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets318,86834,772
18,86834,772
Current assets
Debtors4116,436103,705
Current asset investments-793
Cash at bank and on hand279,462260,829
395,898365,327
Creditors amounts falling due within one year5(153,606)(158,411)
Net current assets (liabilities)242,292206,916
Total assets less current liabilities261,160241,688
Creditors amounts falling due after one year6(26,345)(28,225)
Provisions for liabilities7(4,528)-
Net assets230,287213,463
Capital and reserves
Called up share capital100100
Profit and loss account230,187213,363
Shareholders' funds230,287213,463
The financial statements were approved and authorised for issue by the Board of Directors on 10 October 2024, and are signed on its behalf by:
DAVENPORT, Thomas Aaran
Director
Registered Company No. 09154639
DIGITAL MARKETING SPECIALIST LTD
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Investments
Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year56
3.Tangible fixed assets

Vehicles

Office Equipment

Total

£££
Cost or valuation
At 01 July 2354,49018,54373,033
Additions-1,8961,896
Disposals-(1,606)(1,606)
At 30 June 2454,49018,83373,323
Depreciation and impairment
At 01 July 2328,3809,88138,261
Charge for year13,6222,57216,194
At 30 June 2442,00212,45354,455
Net book value
At 30 June 2412,4886,38018,868
At 30 June 2326,1108,66234,772
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables80,38268,935
Other debtors36,05434,770
Total116,436103,705
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables25,47432,879
Bank borrowings and overdrafts2,6644,164
Amounts owed to related parties82023,528
Taxation and social security71,34175,330
Other creditors9651,152
Accrued liabilities and deferred income52,34221,358
Total153,606158,411
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts26,34528,225
Total26,34528,225
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)4,528-
Total4,528-