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REGISTERED NUMBER: 03950028 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

DIGITAL TV GROUP

DIGITAL TV GROUP (REGISTERED NUMBER: 03950028)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2


DIGITAL TV GROUP (REGISTERED NUMBER: 03950028)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,893 57,159
Investments 5 4 4
29,897 57,163

CURRENT ASSETS
Debtors 6 780,664 408,511
Cash at bank and in hand 393,437 470,511
1,174,101 879,022
CREDITORS
Amounts falling due within one year 7 804,901 549,842
NET CURRENT ASSETS 369,200 329,180
TOTAL ASSETS LESS CURRENT
LIABILITIES

399,097

386,343

PROVISIONS FOR LIABILITIES 10,000 17,500
NET ASSETS 389,097 368,843

RESERVES
Income and expenditure account 389,097 368,843
389,097 368,843

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 10 October 2024 and were signed on its behalf by:





F H Headon - Director


DIGITAL TV GROUP (REGISTERED NUMBER: 03950028)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Digital TV Group is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03950028

Registered office: 5th Floor
89 Albert Embankment
Vauxhall
London
SE1 7TP

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.

Preparation of consolidated financial statements
The financial statements contain information about Digital TV Group as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Income
Income is measured at the fair value of the consideration received or receivable, excluding discounts and value added tax. The policies adopted for the recognition of income are as follows:

Membership subscriptions
Income is recognised from the start date of the subscription period on a straight line basis.

Project income
Income is recognised when the outcome of the transaction can be estimated reliably and is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the contracted project deliverables.

Other income
Summit income
Income is recognised on the date of the Summit.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Website - 33% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.


DIGITAL TV GROUP (REGISTERED NUMBER: 03950028)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
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.

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.

Leasing commitments
Rentals paid under operating leases are charged to surplus or deficit 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 whose assets are held separately from those of the company. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
Website fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 108,268 68,239 112,428 288,935
Disposals - (3,937 ) (648 ) (4,585 )
At 31 March 2024 108,268 64,302 111,780 284,350
DEPRECIATION
At 1 April 2023 97,413 65,846 68,517 231,776
Charge for year 10,835 733 15,374 26,942
Eliminated on disposal - (3,937 ) (324 ) (4,261 )
At 31 March 2024 108,248 62,642 83,567 254,457
NET BOOK VALUE
At 31 March 2024 20 1,660 28,213 29,893
At 31 March 2023 10,855 2,393 43,911 57,159

DIGITAL TV GROUP (REGISTERED NUMBER: 03950028)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 4
NET BOOK VALUE
At 31 March 2024 4
At 31 March 2023 4

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 146,645 94,405
Amounts owed by group undertakings 317,252 229,362
Other debtors 316,767 84,744
780,664 408,511

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 132,761 12,917
Amounts owed to group undertakings - 2
Taxation and social security 29,843 32,004
Other creditors 642,297 504,919
804,901 549,842

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Colin Young BA FCA (Senior Statutory Auditor)
for and on behalf of Galloways Accounting

9. OFF-BALANCE SHEET ARRANGEMENTS

At the year end, the company had non-cancellable operating lease commitments amounting to £18,433 (2023: £25,091).Of these commitments, £8,931 (2023:£9,352) are due in less than 1 year of the balance sheet date.

10. LIMITED BY GUARANTEE

The company is limited by guarantee and does not have any share capital.

In the event of the company being wound up, each member has undertaken to contribute such amounts as may be required not exceeding £1.