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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: J-M Berard
N R P Drewe
N P Martin
E Olivier
A Rafique
Ms C Valencony



REGISTERED OFFICE: Suite 30-33
Westend Office Suites
Stonehouse
Gloucestershire
GL103FA



REGISTERED NUMBER: 07332766 (England and Wales)



SENIOR STATUTORY AUDITOR: Hari Vasdev MEng FCA



AUDITORS: Sibbalds Limited
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 1,551,974 1,253,958
Tangible assets 5 20,658 26,640
1,572,632 1,280,598

CURRENT ASSETS
Debtors 6 650,492 674,395
Cash at bank 1,601,821 816,795
2,252,313 1,491,190
CREDITORS
Amounts falling due within one year 7 6,038,729 3,991,588
NET CURRENT LIABILITIES (3,786,416 ) (2,500,398 )
TOTAL ASSETS LESS CURRENT LIABILITIES (2,213,784 ) (1,219,800 )

CAPITAL AND RESERVES
Called up share capital 8 375 375
Retained earnings (2,214,159 ) (1,220,175 )
SHAREHOLDERS' FUNDS (2,213,784 ) (1,219,800 )

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2025 and were signed on its behalf by:





A Rafique - Director


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 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.

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:

20242023
£   £   
Within one year11,98545,420
Between one and five years-11,355
11,98556,755


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 40 (2023 - 34 ) .

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 2,321,425
Additions 644,963
Impairments (3,366 )
At 31 December 2024 2,963,022
AMORTISATION
At 1 January 2024 1,067,467
Charge for year 343,581
At 31 December 2024 1,411,048
NET BOOK VALUE
At 31 December 2024 1,551,974
At 31 December 2023 1,253,958

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024 11,915 42,142 54,057
Additions - 5,540 5,540
Disposals - (1,044 ) (1,044 )
At 31 December 2024 11,915 46,638 58,553
DEPRECIATION
At 1 January 2024 3,276 24,141 27,417
Charge for year 2,128 9,104 11,232
Eliminated on disposal - (754 ) (754 )
At 31 December 2024 5,404 32,491 37,895
NET BOOK VALUE
At 31 December 2024 6,511 14,147 20,658
At 31 December 2023 8,639 18,001 26,640

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 491,320 509,322
Other debtors 159,172 165,073
650,492 674,395

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 22,040 27,422
Amounts owed to group undertakings 4,207,926 2,618,420
Taxation and social security 98,601 75,944
Other creditors 1,710,162 1,269,802
6,038,729 3,991,588

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
375 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.

Hari Vasdev MEng FCA (Senior Statutory Auditor)
for and on behalf of Sibbalds Limited

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.