IRIS Accounts Production v24.3.0.553 14056554 director 1.5.23 30.4.24 30.4.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh140565542023-04-30140565542024-04-30140565542023-05-012024-04-30140565542022-04-19140565542022-04-202023-04-30140565542023-04-3014056554ns15:EnglandWales2023-05-012024-04-3014056554ns14:PoundSterling2023-05-012024-04-3014056554ns10:Director12023-05-012024-04-3014056554ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3014056554ns10:SmallEntities2023-05-012024-04-3014056554ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3014056554ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3014056554ns10:AbridgedAccounts2023-05-012024-04-301405655412023-05-012024-04-3014056554ns10:OrdinaryShareClass12023-05-012024-04-3014056554ns10:RegisteredOffice2023-05-012024-04-3014056554ns5:CurrentFinancialInstruments2024-04-3014056554ns5:CurrentFinancialInstruments2023-04-3014056554ns5:ShareCapital2024-04-3014056554ns5:ShareCapital2023-04-3014056554ns5:RetainedEarningsAccumulatedLosses2024-04-3014056554ns5:RetainedEarningsAccumulatedLosses2023-04-3014056554ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3014056554ns5:ComputerSoftware2023-05-012024-04-3014056554ns5:PlantMachinery2023-05-012024-04-3014056554ns5:FurnitureFittings2023-05-012024-04-3014056554ns5:ComputerEquipment2023-05-012024-04-3014056554ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3014056554ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3014056554ns10:OrdinaryShareClass12024-04-3014056554ns5:RetainedEarningsAccumulatedLosses2023-04-3014056554ns5:RetainedEarningsAccumulatedLosses2023-05-012024-04-30
REGISTERED NUMBER: 14056554 (England and Wales)












DIGITAL NEWS AGENCY LTD
TRADING AS
DNA

DIRECTOR'S REPORT AND

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






DIGITAL NEWS AGENCY LTD (REGISTERED NUMBER: 14056554)
TRADING AS DNA

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Director's Report 2

Abridged Balance Sheet 3

Notes to the Financial Statements 5


DIGITAL NEWS AGENCY LTD
TRADING AS DNA

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Ms G S Bord





REGISTERED OFFICE: Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE





REGISTERED NUMBER: 14056554 (England and Wales)





ACCOUNTANTS: Christiansons Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

DIGITAL NEWS AGENCY LTD (REGISTERED NUMBER: 14056554)
TRADING AS DNA

DIRECTOR'S REPORT
FOR THE YEAR ENDED 30 APRIL 2024


The director presents her report with the financial statements of the Company for the year ended 30 April 2024.

PRINCIPAL ACTIVITY
The principal activity of the Company in the year under review was that of a software platform.

DIVIDENDS
An interim dividend of £640 per share was paid on 30 April 2024. The director recommends that no final dividend be paid.

The total distribution of dividends for the year ended 30 April 2024 will be £ 64,000 .

DIRECTOR
Ms G S Bord held office during the whole of the period from 1 May 2023 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless she is satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable her to ensure that the financial statements comply with the Companies Act 2006. She is also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the Company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

ON BEHALF OF THE BOARD:





Ms G S Bord - Director


15 October 2024

DIGITAL NEWS AGENCY LTD (REGISTERED NUMBER: 14056554)
TRADING AS DNA

ABRIDGED BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 32,000 36,000
Tangible assets 4 7,936 6,129
39,936 42,129

CURRENT ASSETS
Debtors: amounts falling due within one year 72,385 39,160
Cash at bank and in hand 17,568 9,885
89,953 49,045
CREDITORS
Amounts falling due within one year 113,446 39,876
NET CURRENT (LIABILITIES)/ASSETS (23,493 ) 9,169
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,443

51,298


CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7 16,343 51,198
SHAREHOLDERS' FUNDS 16,443 51,298
16,443 51,298

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 NEWS AGENCY LTD (REGISTERED NUMBER: 14056554)
TRADING AS DNA

ABRIDGED BALANCE SHEET - continued
30 APRIL 2024


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 Income Statement and an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 October 2024 and were signed by:





Ms G S Bord - Director


DIGITAL NEWS AGENCY LTD (REGISTERED NUMBER: 14056554)
TRADING AS DNA

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. 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 represents amounts derived from the provision of services to customers during the year, and is recognised at the date the service was provided. This is stated after trade discounts, other sales taxes and net of VAT.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

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
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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 NEWS AGENCY LTD (REGISTERED NUMBER: 14056554)
TRADING AS DNA

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

3. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023
and 30 April 2024 40,000
AMORTISATION
At 1 May 2023 4,000
Amortisation for year 4,000
At 30 April 2024 8,000
NET BOOK VALUE

At 30 April 2024 32,000
At 30 April 2023 36,000

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 8,173
Additions 4,454
At 30 April 2024 12,627
DEPRECIATION
At 1 May 2023 2,044
Charge for year 2,647
At 30 April 2024 4,691
NET BOOK VALUE
At 30 April 2024 7,936
At 30 April 2023 6,129

5. LOANS

An analysis of the maturity of loans is given below:

30.4.24 30.4.23
£    £   
Amounts falling due within one year or on demand:
Other loans 24,167 -

DIGITAL NEWS AGENCY LTD (REGISTERED NUMBER: 14056554)
TRADING AS DNA

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1 100 100

7. RESERVES
Retained
earnings
£   

At 1 May 2023 51,198
Profit for the year 29,145
Dividends (64,000 )
At 30 April 2024 16,343

8. ULTIMATE CONTROLLING PARTY

There is no overall control of the company by any one person.