| MARKET DOJO LTD |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| MARKET DOJO LTD |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| MARKET DOJO LTD (REGISTERED NUMBER: 07332766) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| MARKET DOJO LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| SENIOR STATUTORY AUDITOR: |
| AUDITORS: |
| Chartered Accountants and Statutory Auditor |
| Oakhurst House |
| 57 Ashbourne Road |
| Derby |
| Derbyshire |
| DE22 3FS |
| MARKET DOJO LTD (REGISTERED NUMBER: 07332766) |
| BALANCE SHEET |
| 31 DECEMBER 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| MARKET DOJO LTD (REGISTERED NUMBER: 07332766) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| Market Dojo Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales 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. |
| 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. |
| Tangible fixed assets |
| Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
| Fixture & Fittings 20% straight line basis. |
| Computer Equipment 20% or 33.33% straight line basis. |
| Computer equipment acquired before 1st May 2023 is depreciated over three years, after this date new acquisitions are depreciated over five years. This change was to bring the company in line with the policy of its holding company. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
| MARKET DOJO LTD (REGISTERED NUMBER: 07332766) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 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. |
| In the case of deferred income, we have offset the associated deferred tax liability against the deferred income asset. This offset reflects the fact that the deferred tax liability arising from the timing difference is effectively neutralised by the corresponding deferred tax asset, due to the future taxable benefits that will arise when the deferred income is recognised. As a result, there is no net deferred tax impact on the balance sheet at the reporting date, as the tax effects have been fully accounted for through the offset. |
| By offsetting the deferred tax liability against the corresponding deferred tax asset, we ensure that the financial statements accurately reflect the future tax implications of the timing differences, while avoiding any distortion in the company’s overall tax position. This approach reflects the principle that the liability and asset will reverse in future periods, and their net impact on the tax position will be minimal. |
| Research and development |
| Expenditure on research activities is recognised as an expense in the period in which it is incurred. |
| In the event that an internally generated intangible asset arises from the company's development activities then it will be recognised only if all of the following conditions are met: |
| - an asset is created that can be identified (such as software and new processes) |
| - the project from which the asset arises meet the company's criteria for assessing technical feasibility. |
| - it is probable that the asset created will generate future economic benefits; and |
| - the development cost of the asset can be measured reliably. |
| Internally generated intangible assets are amortised on a reducing balance basis over the useful lives. Where no internally generated intangible asset can be recognised, development expenditure is recognised as an expense in the period in which it is incurred. |
| Release of costs |
| Research and development expenditure capitalised in accordance with the above policy is written off over the expected life of the project. |
| Development costs amortisation - 20% straight line basis |
| Foreign currencies |
| 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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| MARKET DOJO LTD (REGISTERED NUMBER: 07332766) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Leasing Agreements |
| Minimum lease payment under non-cancellable operating leases fall due as follows: |
| 2024 | 2023 |
| £ | £ |
| Within one year | 11,985 | 45,420 |
| Between one and five years | - | 11,355 |
| 11,985 | 56,755 |
| 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. |
| Going concern disclosure |
| These financial statements are prepared on a going concern basis because the group has undertaken to provide continuing financial support, for a period of at least 12 months from the date of approval of these financial statements, so that the company is able to pay its debts as and when they fall due. This support is provided by means of an unsecured term loan, available for general commercial purposes in accordance with the business plan. |
| Taking this into account, the directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| MARKET DOJO LTD (REGISTERED NUMBER: 07332766) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 4. | INTANGIBLE FIXED ASSETS |
| Other |
| intangible |
| assets |
| £ |
| COST |
| At 1 January 2024 |
| Additions |
| Impairments | (3,366 | ) |
| At 31 December 2024 |
| AMORTISATION |
| At 1 January 2024 |
| Charge for year |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 January 2024 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 December 2024 |
| DEPRECIATION |
| At 1 January 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| MARKET DOJO LTD (REGISTERED NUMBER: 07332766) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £ | £ |
| Ordinary | 1 | 375 | 375 |
| 9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| We draw your attention to the going concern accounting policy note to the financial statements which explains that the Directors feel that the financial statements should be prepared on a going concern basis on the grounds that there is continued group support in place. |
| Our opinion is not modified in respect of this matter. |
| for and on behalf of |
| 10. | ULTIMATE PARENT UNDERTAKING AND CONTROLLING PARTY |
| The company's immediate and ultimate parent undertaking is Esker S.A.. Esker S.A. is incorporated in France. Copies of the group accounts may be obtained from the secretary, 113 boulevard de la bataille de Stallingrad, 69100 Villeurbanne, France. |
| The ultimate controlling party is Esker S.A. who controls 51% of the shares of Market Dojo. |