Dotwatcher Ltd 15028005 false 2023-07-25 2024-12-31 2024-12-31 The principal activity of the company is provision of bikepacking coverage. Digita Accounts Production Advanced 6.30.9574.0 true false true 15028005 2023-07-25 2024-12-31 15028005 2024-12-31 15028005 bus:OrdinaryShareClass1 2024-12-31 15028005 core:CurrentFinancialInstruments 2024-12-31 15028005 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 15028005 core:Goodwill 2024-12-31 15028005 core:FurnitureFittingsToolsEquipment 2024-12-31 15028005 core:OtherRelatedParties 2024-12-31 15028005 core:ParentEntities 2024-12-31 15028005 bus:SmallEntities 2023-07-25 2024-12-31 15028005 bus:AuditExemptWithAccountantsReport 2023-07-25 2024-12-31 15028005 bus:FilletedAccounts 2023-07-25 2024-12-31 15028005 bus:SmallCompaniesRegimeForAccounts 2023-07-25 2024-12-31 15028005 bus:RegisteredOffice 2023-07-25 2024-12-31 15028005 bus:Director1 2023-07-25 2024-12-31 15028005 bus:Director2 2023-07-25 2024-12-31 15028005 bus:OrdinaryShareClass1 2023-07-25 2024-12-31 15028005 bus:PrivateLimitedCompanyLtd 2023-07-25 2024-12-31 15028005 core:Goodwill 2023-07-25 2024-12-31 15028005 core:FurnitureFittingsToolsEquipment 2023-07-25 2024-12-31 15028005 core:OfficeEquipment 2023-07-25 2024-12-31 15028005 core:OtherRelatedParties 2023-07-25 2024-12-31 15028005 core:ParentEntities 2023-07-25 2024-12-31 15028005 1 2023-07-25 2024-12-31 15028005 countries:England 2023-07-25 2024-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 15028005

Dotwatcher Ltd

Unaudited Filleted Financial Statements

for the Period from 25 July 2023 to 31 December 2024

 

Dotwatcher Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Dotwatcher Ltd

Company Information

Directors

Pierre Coeffe

Katherine Merle Dennis

Registered office

Dotwatcher
5-7 Buck Street
Collective Auction Room
London
NW1 8NJ

Accountants

Carbon Accountancy Limited
Chartered Accountants and Registered Auditors
80-83 Long Lane
London
EC1A 9ET

 

Dotwatcher Ltd

(Registration number: 15028005)
Balance Sheet as at 31 December 2024

Note

2024
£

Fixed assets

 

Intangible assets

4

104,666

Tangible assets

5

922

 

105,588

Current assets

 

Debtors

6

105

Cash at bank and in hand

 

11,427

 

11,532

Creditors: Amounts falling due within one year

7

(232,578)

Net current liabilities

 

(221,046)

Net liabilities

 

(115,458)

Capital and reserves

 

Called up share capital

8

1

Retained earnings

(115,459)

Shareholders' deficit

 

(115,458)

For the financial period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 March 2025 and signed on its behalf by:
 

.........................................
Pierre Coeffe
Director

 

Dotwatcher Ltd

Notes to the Unaudited Financial Statements for the Period from 25 July 2023 to 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Dotwatcher
5-7 Buck Street
Collective Auction Room
London
NW1 8NJ

These financial statements were authorised for issue by the Board on 4 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Dotwatcher Ltd

Notes to the Unaudited Financial Statements for the Period from 25 July 2023 to 31 December 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Dotwatcher Ltd

Notes to the Unaudited Financial Statements for the Period from 25 July 2023 to 31 December 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

Additions acquired separately

120,768

120,768

At 31 December 2024

120,768

120,768

Amortisation

Amortisation charge

16,102

16,102

At 31 December 2024

16,102

16,102

Carrying amount

At 31 December 2024

104,666

104,666

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

1,341

1,341

At 31 December 2024

1,341

1,341

Depreciation

Charge for the period

419

419

At 31 December 2024

419

419

Carrying amount

At 31 December 2024

922

922

 

Dotwatcher Ltd

Notes to the Unaudited Financial Statements for the Period from 25 July 2023 to 31 December 2024

6

Debtors

Current

2024
£

Other debtors

105

 

105

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

Due within one year

 

Trade creditors

 

391

Amounts owed to group undertakings

9

223,535

Taxation and social security

 

4,362

Accruals and deferred income

 

1,650

Other creditors

 

2,640

 

232,578

8

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary shares of £0.01 each

100

1

   
 

Dotwatcher Ltd

Notes to the Unaudited Financial Statements for the Period from 25 July 2023 to 31 December 2024

9

Related party transactions

Summary of transactions with parent

Coefahey Limited
 

2024

2024

Parent
£

Amounts payable to related party

174

Summary of transactions with other related parties

Apidura Limited
(fellow subsidiary)

 

2024

Other related parties
£

Total
£

Advanced

223,361

223,361

At end of period

223,361

223,361

Expenditure with and payables to related parties

10

Parent and ultimate parent undertaking

The company's immediate parent is Coefahey Limited, incorporated in England.