2023-09-012024-08-312024-08-31false08489944THE DAY NEWS & MEDIA LTD2024-11-2618203iso4217:GBPxbrli:pure084899442023-09-01084899442024-08-31084899442023-09-012024-08-31084899442022-09-01084899442023-08-31084899442022-09-012023-08-3108489944bus:SmallEntities2023-09-012024-08-3108489944bus:AuditExempt-NoAccountantsReport2023-09-012024-08-3108489944bus:FullAccounts2023-09-012024-08-3108489944bus:PrivateLimitedCompanyLtd2023-09-012024-08-3108489944core:WithinOneYear2024-08-3108489944core:AfterOneYear2024-08-3108489944core:WithinOneYear2023-08-3108489944core:AfterOneYear2023-08-3108489944core:ShareCapital2024-08-3108489944core:SharePremium2024-08-3108489944core:RevaluationReserve2024-08-3108489944core:OtherReservesSubtotal2024-08-3108489944core:RetainedEarningsAccumulatedLosses2024-08-3108489944core:ShareCapital2023-08-3108489944core:SharePremium2023-08-3108489944core:RevaluationReserve2023-08-3108489944core:OtherReservesSubtotal2023-08-3108489944core:RetainedEarningsAccumulatedLosses2023-08-3108489944core:LandBuildings2024-08-3108489944core:PlantMachinery2024-08-3108489944core:Vehicles2024-08-3108489944core:FurnitureFittings2024-08-3108489944core:OfficeEquipment2024-08-3108489944core:NetGoodwill2024-08-3108489944core:IntangibleAssetsOtherThanGoodwill2024-08-3108489944core:ListedExchangeTraded2024-08-3108489944core:UnlistedNon-exchangeTraded2024-08-3108489944core:LandBuildings2023-08-3108489944core:PlantMachinery2023-08-3108489944core:Vehicles2023-08-3108489944core:FurnitureFittings2023-08-3108489944core:OfficeEquipment2023-08-3108489944core:NetGoodwill2023-08-3108489944core:IntangibleAssetsOtherThanGoodwill2023-08-3108489944core:ListedExchangeTraded2023-08-3108489944core:UnlistedNon-exchangeTraded2023-08-3108489944core:LandBuildings2023-09-012024-08-3108489944core:PlantMachinery2023-09-012024-08-3108489944core:Vehicles2023-09-012024-08-3108489944core:FurnitureFittings2023-09-012024-08-3108489944core:OfficeEquipment2023-09-012024-08-3108489944core:NetGoodwill2023-09-012024-08-3108489944core:IntangibleAssetsOtherThanGoodwill2023-09-012024-08-3108489944core:ListedExchangeTraded2023-09-012024-08-3108489944core:UnlistedNon-exchangeTraded2023-09-012024-08-3108489944core:MoreThanFiveYears2023-09-012024-08-3108489944core:Non-currentFinancialInstruments2024-08-3108489944core:Non-currentFinancialInstruments2023-08-3108489944dpl:CostSales2023-09-012024-08-3108489944dpl:DistributionCosts2023-09-012024-08-3108489944core:LandBuildings2023-09-012024-08-3108489944core:PlantMachinery2023-09-012024-08-3108489944core:Vehicles2023-09-012024-08-3108489944core:FurnitureFittings2023-09-012024-08-3108489944core:OfficeEquipment2023-09-012024-08-3108489944dpl:AdministrativeExpenses2023-09-012024-08-3108489944core:NetGoodwill2023-09-012024-08-3108489944core:IntangibleAssetsOtherThanGoodwill2023-09-012024-08-3108489944dpl:GroupUndertakings2023-09-012024-08-3108489944dpl:ParticipatingInterests2023-09-012024-08-3108489944dpl:GroupUndertakingscore:ListedExchangeTraded2023-09-012024-08-3108489944core:ListedExchangeTraded2023-09-012024-08-3108489944dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-09-012024-08-3108489944core:UnlistedNon-exchangeTraded2023-09-012024-08-3108489944dpl:CostSales2022-09-012023-08-3108489944dpl:DistributionCosts2022-09-012023-08-3108489944core:LandBuildings2022-09-012023-08-3108489944core:PlantMachinery2022-09-012023-08-3108489944core:Vehicles2022-09-012023-08-3108489944core:FurnitureFittings2022-09-012023-08-3108489944core:OfficeEquipment2022-09-012023-08-3108489944dpl:AdministrativeExpenses2022-09-012023-08-3108489944core:NetGoodwill2022-09-012023-08-3108489944core:IntangibleAssetsOtherThanGoodwill2022-09-012023-08-3108489944dpl:GroupUndertakings2022-09-012023-08-3108489944dpl:ParticipatingInterests2022-09-012023-08-3108489944dpl:GroupUndertakingscore:ListedExchangeTraded2022-09-012023-08-3108489944core:ListedExchangeTraded2022-09-012023-08-3108489944dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-09-012023-08-3108489944core:UnlistedNon-exchangeTraded2022-09-012023-08-3108489944core:NetGoodwill2024-08-3108489944core:IntangibleAssetsOtherThanGoodwill2024-08-3108489944core:LandBuildings2024-08-3108489944core:PlantMachinery2024-08-3108489944core:Vehicles2024-08-3108489944core:FurnitureFittings2024-08-3108489944core:OfficeEquipment2024-08-3108489944core:AfterOneYear2024-08-3108489944core:WithinOneYear2024-08-3108489944core:ListedExchangeTraded2024-08-3108489944core:UnlistedNon-exchangeTraded2024-08-3108489944core:ShareCapital2024-08-3108489944core:SharePremium2024-08-3108489944core:RevaluationReserve2024-08-3108489944core:OtherReservesSubtotal2024-08-3108489944core:RetainedEarningsAccumulatedLosses2024-08-3108489944core:NetGoodwill2023-08-3108489944core:IntangibleAssetsOtherThanGoodwill2023-08-3108489944core:LandBuildings2023-08-3108489944core:PlantMachinery2023-08-3108489944core:Vehicles2023-08-3108489944core:FurnitureFittings2023-08-3108489944core:OfficeEquipment2023-08-3108489944core:AfterOneYear2023-08-3108489944core:WithinOneYear2023-08-3108489944core:ListedExc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THE DAY NEWS & MEDIA LTD

Registered Number
08489944
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

THE DAY NEWS & MEDIA LTD
Company Information
for the year from 1 September 2023 to 31 August 2024

Directors

ADDIS, Richard James
CRUMBY, Emma Victoria Ann
MAROUDAS, Fred
TURNER, Julian James Christian
WARD, Edward Nicholas

Registered Address

71-75 Shelton Street
Covent Garden
London
WC2H 9JQ

Registered Number

08489944 (England and Wales)
THE DAY NEWS & MEDIA LTD
Balance Sheet as at
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets423,71357,445
23,71357,445
Current assets
Debtors98,956378,607
Cash at bank and on hand164,21173,248
263,167451,855
Creditors amounts falling due within one year6(535,216)(794,833)
Net current assets (liabilities)(272,049)(342,978)
Total assets less current liabilities(248,336)(285,533)
Creditors amounts falling due after one year7(26,697)(32,304)
Net assets(275,033)(317,837)
Capital and reserves
Called up share capital100,815100,815
Share premium880,371880,371
Profit and loss account(1,256,219)(1,299,023)
Shareholders' funds(275,033)(317,837)
The financial statements were approved and authorised for issue by the Board of Directors on 26 November 2024, and are signed on its behalf by:
ADDIS, Richard James
Director
Registered Company No. 08489944
THE DAY NEWS & MEDIA LTD
Notes to the Financial Statements
for the year ended 31 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
These financial statements have been prepared in compliance with Financial Reporting Standard 102 including the provisions of Section 1A "Small Entities" and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention.
Going concern
The Company is dependent on its shareholders for financial support. The financial statements are prepared on the going concern basis, which the directors believe to be appropriate having regard to both the likely future cashflows of the business and to the shareholders commitment to support the Company financially so as to ensure that it is able to meet its liabilities as they fall due.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and value added taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
The company operates a defined contribution pension scheme. Contributions to the company pension scheme are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
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 recognition of income and expenses in the financial statements in periods different from their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date 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. Current and deferred tax assets and liabilities are not discounted.
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. Goodwill, being the amount paid in connection with a business in 2014 is now fully amortised.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The business is committed to investing to maintain and improve the quality of its products. Given the rate of change in technology and opportunities this offers the directors' believe the estimated useful life of such assets is 2 years.
Finance leases and hire purchase contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year2216
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 September 235,0005,000
At 31 August 245,0005,000
Amortisation and impairment
At 01 September 235,0005,000
At 31 August 245,0005,000
Net book value
At 31 August 24--
At 31 August 23--
4.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
At 01 September 23168,328168,328
Additions23,25023,250
At 31 August 24191,578191,578
Depreciation and impairment
At 01 September 23110,883110,883
Charge for year56,98256,982
At 31 August 24167,865167,865
Net book value
At 31 August 2423,71323,713
At 31 August 2357,44557,445
5.Stocks
Work in progress is measured at the lower of purchase cost or net realisable value.
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables20,26151,249
Bank borrowings and overdrafts5,5565,556
Taxation and social security44,47484,069
Other creditors-562
Accrued liabilities and deferred income464,925653,397
Total535,216794,833
Short term creditors are measured at transaction price (which is usually the invoice price).
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts26,69732,304
Total26,69732,304
The company received a Bounceback Loan of £50,000 in July 2020 and is committed to repaying this in monthly instalments over 9 years from July 2021. Interest is expensed as incurred. The loan can be repaid earlier without penallty and therefore the balance sheet value is the capital sum outstanding of which £5,556 (2023 £5,556) is included in current liabilities