Acorah Software Products - Accounts Production 16.0.110 false true true false 14 December 2022 31 December 2023 31 December 2023 14540834 Mr Ruslan Kolodiazhnyi true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14540834 2022-12-13 14540834 2023-12-31 14540834 2022-12-14 2023-12-31 14540834 frs-core:CurrentFinancialInstruments 2023-12-31 14540834 frs-core:ComputerEquipment 2023-12-31 14540834 frs-core:ComputerEquipment 2022-12-14 2023-12-31 14540834 frs-core:ComputerEquipment 2022-12-13 14540834 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 14540834 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-14 2023-12-31 14540834 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-13 14540834 frs-core:OtherResidualIntangibleAssets 2023-12-31 14540834 frs-core:OtherResidualIntangibleAssets 2022-12-14 2023-12-31 14540834 frs-core:OtherResidualIntangibleAssets 2022-12-13 14540834 frs-core:ShareCapital 2023-12-31 14540834 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 14540834 frs-bus:PrivateLimitedCompanyLtd 2022-12-14 2023-12-31 14540834 frs-bus:FilletedAccounts 2022-12-14 2023-12-31 14540834 frs-bus:SmallEntities 2022-12-14 2023-12-31 14540834 frs-bus:AuditExempt-NoAccountantsReport 2022-12-14 2023-12-31 14540834 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-14 2023-12-31 14540834 1 2022-12-14 2023-12-31 14540834 frs-bus:Director1 2022-12-14 2023-12-31 14540834 frs-countries:EnglandWales 2022-12-14 2023-12-31
Registered number: 14540834
Dcm Corp Limited
Unaudited Financial Statements
For the Period 14 December 2022 to 31 December 2023
Ryder Tax Consultants Ltd
Richmond Bridge House
419 Richmond Road
Twickenham
TW1 2EX
Unaudited Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14540834
31 December 2023
Notes £ £
FIXED ASSETS
Intangible Assets 4 309,826
Tangible Assets 5 2,461
312,287
CURRENT ASSETS
Cash at bank and in hand 25,675
25,675
Creditors: Amounts Falling Due Within One Year 6 (3,000 )
NET CURRENT ASSETS (LIABILITIES) 22,675
TOTAL ASSETS LESS CURRENT LIABILITIES 334,962
NET ASSETS 334,962
CAPITAL AND RESERVES
Called up share capital 7 471,050
Profit and Loss Account (136,088 )
SHAREHOLDERS' FUNDS 334,962
For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ruslan Kolodiazhnyi
Director
29/05/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Dcm Corp Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14540834 . The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are web site costs. It is amortised to profit and loss account over its estimated economic life of five. years.
2.4. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to profit and loss account. on a straight line basis over their expected useful economic lives, which over a period of five years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment On a straight line basis over three years
2.6. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
4. Intangible Assets
Other Development Costs Total
£ £ £
Cost
As at 14 December 2022 - - -
Additions 4,209 307,020 311,229
As at 31 December 2023 4,209 307,020 311,229
Amortisation
As at 14 December 2022 - - -
Provided during the period 1,403 - 1,403
As at 31 December 2023 1,403 - 1,403
...CONTINUED
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Net Book Value
As at 31 December 2023 2,806 307,020 309,826
As at 14 December 2022 - - -
5. Tangible Assets
Computer Equipment
£
Cost
As at 14 December 2022 -
Additions 3,691
As at 31 December 2023 3,691
Depreciation
As at 14 December 2022 -
Provided during the period 1,230
As at 31 December 2023 1,230
Net Book Value
As at 31 December 2023 2,461
As at 14 December 2022 -
6. Creditors: Amounts Falling Due Within One Year
31 December 2023
£
Accruals and deferred income 3,000
3,000
7. Share Capital
31 December 2023
£
Allotted, Called up and fully paid 471,050
The company was created on 14 December 2022 with an authorised share capital of €1,000,000 (£859,697) of which €547,925 (£471,050) was allotted, called up and paid up during the year.
8. Ultimate Controlling Party
The company's ultimate controlling party is Digital Vision Group Ltd by virtue of there ownership of 80% of the issued share capital in the company.
9. Financial Facility
Under the terms of a revolving credit facility between the company and its parent company Digital Vision Group Ltd, dated 21 December 2023, the parent has extended a credit facility of US$500,000 bearing an interest rate of 3% per annum calculated on a daily basis. The company may draw on the facility in whole or in part as and when required and the facility shall be available until the earlier of the 21 December 2026 or such time that the company no longer requires the facility. As at the balance sheet date, no amounts had been drawn down under the facility.
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