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Registered Number: 04606925
England and Wales

 

 

 

DICE MEDICAL COMMUNICATIONS LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 May 2023

End date: 30 April 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 31,838    41,247 
31,838    41,247 
Current assets      
Debtors 874,989    735,729 
Cash at bank and in hand 34,647    91,935 
909,636    827,664 
Creditors: amount falling due within one year (706,726)   (668,664)
Net current assets 202,910    159,000 
 
Total assets less current liabilities 234,748    200,247 
Creditors: amount falling due after more than one year (11,304)   (31,087)
Provisions for liabilities (7,959)   (7,837)
Net assets 215,485    161,323 
 

Capital and reserves
     
Called up share capital 100    100 
Capital Redemption Reserve 8    8 
Profit and loss account 215,377    161,215 
Shareholders' funds 215,485    161,323 
 


For the year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 09 October 2024 and were signed on its behalf by:


-------------------------------
M A Dickinson
Director
1
General Information
Dice Medical Communications Limited is a private company, limited by shares, registered in England and Wales, registration number 04606925, registration address Merlin House Brunel Road, Theale, Reading, Berkshire, RG7 4AB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern
The accounts are prepared on a going concern basis. The use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.
Turnover
Turnover represents net invoices sales of services, excluding value added tax, as adjusted for work in progress. Income is recognised at the point of invoicing, when the company obtains the right to consideration.
Operating lease agreements
Rentals paid under operating leases are charged to profit or loss on a straight line casis over the period of the lease.
Hire purchase and leasing agreements
Assets held under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating result.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of income, 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 statement of financial position date.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 and 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.
Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:


Fixtures and fittings     -  20% on cost
Motor vehicles                - 20% on cost
Computer equipment  - 33% on cost


At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss.If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount and an impairment loss is recognised immediately in profit or loss.


If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.
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.
Debtors
Short term debtors are measured at transaction price less any impairment. Loans receivable are measured at initially at fair value, net of transaction costs, and are measured subsequently at amortised costs using the effective interest method.
Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans are measured initially at fair value, net of transaction costs, and are subsequently measured at amortised costs using the effective interest method.
2.

Average number of employees

Average number of employees during the year was 24 (2023 : 21).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 May 2023 48,450    26,652    82,707    157,809 
Additions     10,868    10,868 
Disposals      
At 30 April 2024 48,450    26,652    93,575    168,677 
Depreciation
At 01 May 2023 29,070    21,644    65,848    116,562 
Charge for year 9,690    1,331    9,256    20,277 
On disposals      
At 30 April 2024 38,760    22,975    75,104    136,839 
Net book values
Closing balance as at 30 April 2024 9,690    3,677    18,471    31,838 
Opening balance as at 01 May 2023 19,380    5,008    16,859    41,247 


4.

Director’s loan

DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet, the following balance existed on loan accounts with the directors:

Mr M A Dickinson - £5,000 in credit (2023: £Nil)

The loan is interest free and repayable on demand.
5.

Debtors: amounts falling due within one year

.   2024
£
  2023
£
Trade Debtors 578,230  490,349 
Amount Owed by Group Undertakings 202,469  153,343 
Prepayments & Accrued Income 37,568  35,315 
Other Debtors 56,722  56,722 
874,989  735,729 

6.

Creditors: amounts falling due within one year

.   2024
£
  2023
£
Trade Creditors 165,669  142,051 
Bank Loans 20,478  20,816 
Corporation Tax 158,879  185,752 
PAYE & Social Security 32,820  96,811 
Accrued Expenses 206,404  171,825 
Other Creditors 37,706  4,320 
Director's Current Account 5,000 
VAT 79,772  47,090 
706,728  668,665 

7.

Creditors: amounts falling due after more than one year

.   2024
£
  2023
£
Bank Loans - 1-2 years 10,485  19,806 
Bank Loans - 2-5 years 819  11,281 
11,304  31,087 

8.

Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:   2024
£
  2023
£
Within one year 63,025  94,537 
Between one and five years 63,025 
63,025  157,562 

9.

Ultimate Controlling Party

The ultimate controlling party is Dice (Holdings) Limited which owns 100% of the issued share capital.
2