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Registered number: 02970268
Db Marcom Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Dns Cloudco Ltd
Suite 415C Margaret Powell House
Midsummer Boulevard
Milton Keynes
MK9 3BN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02970268
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 116,420 129,139
116,420 129,139
CURRENT ASSETS
Debtors 5 22,364 6,687
Cash at bank and in hand 19 17,358
22,383 24,045
Creditors: Amounts Falling Due Within One Year 6 (11,168 ) (9,291 )
NET CURRENT ASSETS (LIABILITIES) 11,215 14,754
TOTAL ASSETS LESS CURRENT LIABILITIES 127,635 143,893
Creditors: Amounts Falling Due After More Than One Year 7 (2,133 ) (5,333 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,550 ) -
NET ASSETS 121,952 138,560
CAPITAL AND RESERVES
Called up share capital 8 110 110
Undistributed Reserves 50,367 35,235
Profit and Loss Account 71,475 103,215
SHAREHOLDERS' FUNDS 121,952 138,560
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For the year ending 30 September 2024 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
Mrs L Watts
Director
30/04/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Db Marcom Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02970268 . The registered office is The Croft, Cranfield Road, Wootton Green, Bedford, Bedfordshire, MK43 9EA.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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2.5. Investment policy
Investments are initially recorded at cost, which includes purchase price and any directly attributable expenditure.
Investments are revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
If a reliable measure of fair value is no longer available without undue cost or effort for an item of investments, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investments
Other
£
Cost
As at 1 October 2023 129,139
Disposals (31,401 )
Revaluations 18,682
As at 30 September 2024 116,420
Provision
As at 1 October 2023 -
As at 30 September 2024 -
Net Book Value
As at 30 September 2024 116,420
As at 1 October 2023 129,139
‘’The investments are being measured at fair value under FRS102 and fair value gains and losses are reported in profit and loss.
FRS 102 also requires deferred tax to be accounted for on assets that are subject to revaluation. Consequently, deferred tax of £3,549.50 was recognised a 30/09/2024  to reflect the provision of FRS 102.
The profit on revaluation at £18,681.57  has been reported in profit and loss and the effect on profit for the year ended 30/09/2024 is an increase in profit amount £15,132.
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 22,364 6,687
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 5,311 3,200
Corporation tax 4,522 2,941
Other taxes and social security 300 1,814
VAT 194 357
Directors' loan accounts 841 979
11,168 9,291
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 2,133 5,333
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 110
10 Ordinary A shares of £ 1.00 each 10 -
110 110
The Ordinary class of shares has normal voting right and the Ordinary A has non voting.
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr D Watts and Mrs L Watts by virtue of his ownership of 100% of the issued share capital in the company.
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