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REGISTERED NUMBER: 08644855 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

DemandMore Limited

DemandMore Limited (Registered number: 08644855)






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


DemandMore Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: W Parker
A S Blewden





REGISTERED OFFICE: Book works
25 Horsell Road
London
N5 1XL





REGISTERED NUMBER: 08644855 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

DemandMore Limited (Registered number: 08644855)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,722 9,116
Investments 5 - -
8,722 9,116

CURRENT ASSETS
Debtors 6 106,535 131,617
Cash at bank 107,725 91,530
214,260 223,147
CREDITORS
Amounts falling due within one year 7 134,192 109,413
NET CURRENT ASSETS 80,068 113,734
TOTAL ASSETS LESS CURRENT
LIABILITIES

88,790

122,850

CREDITORS
Amounts falling due after more than one year 8 (57,838 ) (71,885 )

PROVISIONS FOR LIABILITIES (2,180 ) (2,212 )
NET ASSETS 28,772 48,753

CAPITAL AND RESERVES
Called up share capital 205 205
Share premium 17,267 17,267
Retained earnings 11,300 31,281
28,772 48,753

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.

DemandMore Limited (Registered number: 08644855)

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 4 September 2024 and were signed on its behalf by:





W Parker - Director


DemandMore Limited (Registered number: 08644855)

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

1. STATUTORY INFORMATION

DemandMore Limited 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 represented by net invoiced fees relating to the services provided in the normal course of business, excluding VAT where required. This is recognised upon either the completion of the task or when the client pays in instalments as specified by the contract.

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 - 25% on reducing balance
Computer equipment - Straight line over 3 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Basic financial instruments are recognised at amortised costs. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.

DemandMore Limited (Registered number: 08644855)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2023 521 17,218 17,739
Additions - 4,900 4,900
At 31 December 2023 521 22,118 22,639
DEPRECIATION
At 1 January 2023 252 8,371 8,623
Charge for year 67 5,227 5,294
At 31 December 2023 319 13,598 13,917
NET BOOK VALUE
At 31 December 2023 202 8,520 8,722
At 31 December 2022 269 8,847 9,116

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
Additions 12,249
Impairments (12,249 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -

DemandMore Limited (Registered number: 08644855)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 99,640 110,776
Other debtors 6,895 20,841
106,535 131,617

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 15,693 18,031
Trade creditors 6,571 3,779
Taxation and social security 92,787 73,134
Other creditors 19,141 14,469
134,192 109,413

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 57,838 71,885

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 6,996 4,800

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 December 2023 and the period ended 31 December 2022:

31.12.23 31.12.22
£    £   
W Parker
Balance outstanding at start of year - -
Amounts advanced 12,411 -
Amounts repaid (12,411 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

DemandMore Limited (Registered number: 08644855)

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

A S Blewden
Balance outstanding at start of year 13,890 14,819
Amounts advanced 1,972 17,042
Amounts repaid (15,024 ) (17,971 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 838 13,890