IRIS Accounts Production v24.3.2.46 06853865 director 1.3.23 29.2.24 29.2.24 3.3.25 false true false false false true false Auditors Opinion Ordinary share 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh068538652023-02-28068538652024-02-29068538652023-03-012024-02-29068538652022-02-28068538652022-03-012023-02-28068538652023-02-2806853865ns15:EnglandWales2023-03-012024-02-2906853865ns14:PoundSterling2023-03-012024-02-2906853865ns10:Director12023-03-012024-02-2906853865ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2906853865ns10:SmallEntities2023-03-012024-02-2906853865ns10:Audited2023-03-012024-02-2906853865ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2906853865ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2906853865ns10:FullAccounts2023-03-012024-02-290685386512023-03-012024-02-2906853865ns10:OrdinaryShareClass12023-03-012024-02-2906853865ns10:RegisteredOffice2023-03-012024-02-2906853865ns5:CurrentFinancialInstruments2024-02-2906853865ns5:CurrentFinancialInstruments2023-02-2806853865ns5:ShareCapital2024-02-2906853865ns5:ShareCapital2023-02-2806853865ns5:RetainedEarningsAccumulatedLosses2024-02-2906853865ns5:RetainedEarningsAccumulatedLosses2023-02-2806853865ns5:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2906853865ns5:ComputerSoftware2023-03-012024-02-2906853865ns5:IntangibleAssetsOtherThanGoodwill2023-02-2806853865ns5:IntangibleAssetsOtherThanGoodwill2024-02-2906853865ns5:IntangibleAssetsOtherThanGoodwill2023-02-2806853865ns5:PlantMachinery2023-02-2806853865ns5:PlantMachinery2023-03-012024-02-2906853865ns5:PlantMachinery2024-02-2906853865ns5:PlantMachinery2023-02-2806853865ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2906853865ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-2806853865ns10:OrdinaryShareClass12024-02-29
REGISTERED NUMBER: 06853865 (England and Wales)















Financial Statements for the Year Ended 29 February 2024

for

Transmedia Dynamics Limited

Transmedia Dynamics Limited (Registered number: 06853865)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Transmedia Dynamics Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: D W Nyland





REGISTERED OFFICE: Brook Suite, Ground Floor
Bewley House
Marshfield Road
Chippenham
SN15 1JW





REGISTERED NUMBER: 06853865 (England and Wales)





AUDITORS: DUX Advisory Limited
Chartered Accountants and
Statutory Auditors
Kennel Club House
Gatehouse Way
Aylesbury
Buckinghamshire
HP19 8DB

Transmedia Dynamics Limited (Registered number: 06853865)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 447,174 535,183
Tangible assets 5 5,814 6,340
452,988 541,523

CURRENT ASSETS
Stocks 1,012,828 540,668
Debtors 6 2,246,528 1,581,207
Cash at bank 244,773 597,010
3,504,129 2,718,885
CREDITORS
Amounts falling due within one year 7 2,186,547 1,660,567
NET CURRENT ASSETS 1,317,582 1,058,318
TOTAL ASSETS LESS CURRENT LIABILITIES 1,770,570 1,599,841

PROVISIONS FOR LIABILITIES - 21,818
NET ASSETS 1,770,570 1,578,023

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 1,770,569 1,578,022
SHAREHOLDERS' FUNDS 1,770,570 1,578,023

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 director and authorised for issue on 28 February 2025 and were signed by:





D W Nyland - Director


Transmedia Dynamics Limited (Registered number: 06853865)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Transmedia Dynamics Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flow in making their assessment. The Director have tested their cash flow analysis to take into account the impact on their business of possible scenario, alongside the measures that they can take to mitigate the impact. Based on these assessments, given the measures that could be undertaken to mitigate the current adverse conditions, and the current resources available, the Directors have concluded that they can continue to adopt the going concern in preparing the annual report and accounts.

The presentational currency is Sterling £ and rounded to the nearest pound.

Preparation of consolidated financial statements
The financial statements contain information about Transmedia Dynamics Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Lumine Group Inc., 5060 Spectrum Way, Suite 100, Mississauga, Ontario, L4W 5N5, Canada.

Significant judgements and estimates
In preparing the financial statements it is necessary to make certain judgements, estimates and assumptions that affect the amounts recognised in the financial statements. These assumptions are reassessed annually as part of the accounts preparation process.

In the view of the directors in applying the accounting policies adopted, no judgements were required that have a significant effect on the amounts recognised in the financial statements nor do any estimates or assumptions made carry a significant risk of material adjustment in the next financial year.

Transmedia Dynamics Limited (Registered number: 06853865)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade and settlement discounts.

Turnover from the sale of completed projects is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Where the projects are incomplete at the reporting date, turnover is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to project manager staff rates, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

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
Tangible fixed assets are stated at cost less accumulated depreciation and any accumulated impairment losses. Where parts of an item of tangible fixed assets have different useful lives, they are accounted for as a separate items of tangible fixed assets.

Depreciation is provided at the following annual rates in order to write off each asset over its useful estimated life, on a straight line basis or, if held under a finance lease, over the lease term, whichever is shorter.

Plant and Machinery - 33% on cost

Financial instruments
Basic financial instruments are measured at amortised cost other than investments which are measured at fair value.

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.


Transmedia Dynamics Limited (Registered number: 06853865)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss 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. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

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.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 14 ) .

Transmedia Dynamics Limited (Registered number: 06853865)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2023
and 29 February 2024 880,084
AMORTISATION
At 1 March 2023 344,901
Charge for year 88,009
At 29 February 2024 432,910
NET BOOK VALUE
At 29 February 2024 447,174
At 28 February 2023 535,183

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 74,662
Additions 6,358
At 29 February 2024 81,020
DEPRECIATION
At 1 March 2023 68,322
Charge for year 6,884
At 29 February 2024 75,206
NET BOOK VALUE
At 29 February 2024 5,814
At 28 February 2023 6,340

Transmedia Dynamics Limited (Registered number: 06853865)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 189,517 279,119
Amounts owed by group undertakings 1,941,057 1,229,868
Other debtors 115,954 72,220
2,246,528 1,581,207

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 56,730 102,921
Amounts owed to group undertakings 945,666 612,001
Taxation and social security 100,348 66,799
Other creditors 1,083,803 878,846
2,186,547 1,660,567

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
1 Ordinary share £1 1 1

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

The Report of the Auditors was unqualified.

Bianca Permal FCA (Senior Statutory Auditor)
for and on behalf of DUX Advisory Limited

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. ULTIMATE CONTROLLING PARTY

The company's immediate parent company is Transmedia Holdings Limited. The ultimate parent company is Lumine Group Inc. and it prepares consolidated accounts that includes this entity. It's registered office is 5060 Spectrum Way, Suite 100, Mississauga, Ontario, L4W 5N5, Canada.