Digital Screen Media Limited 13808612 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is the sale of advertising contracts. Digita Accounts Production Advanced 6.30.9574.0 true false true 13808612 2023-01-01 2023-12-31 13808612 2023-12-31 13808612 bus:OrdinaryShareClass1 2023-12-31 13808612 core:RetainedEarningsAccumulatedLosses 2023-12-31 13808612 core:ShareCapital 2023-12-31 13808612 core:CurrentFinancialInstruments 2023-12-31 13808612 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 13808612 core:OtherResidualIntangibleAssets 2023-12-31 13808612 core:FurnitureFittingsToolsEquipment 2023-12-31 13808612 bus:SmallEntities 2023-01-01 2023-12-31 13808612 bus:Audited 2023-01-01 2023-12-31 13808612 bus:FilletedAccounts 2023-01-01 2023-12-31 13808612 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13808612 bus:RegisteredOffice 2023-01-01 2023-12-31 13808612 bus:Director1 2023-01-01 2023-12-31 13808612 bus:Director2 2023-01-01 2023-12-31 13808612 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 13808612 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13808612 core:LicencesFranchises 2023-01-01 2023-12-31 13808612 core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 13808612 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 13808612 core:OfficeEquipment 2023-01-01 2023-12-31 13808612 1 2023-01-01 2023-12-31 13808612 countries:EnglandWales 2023-01-01 2023-12-31 13808612 2022-12-31 13808612 core:OtherResidualIntangibleAssets 2022-12-31 13808612 core:FurnitureFittingsToolsEquipment 2022-12-31 13808612 2021-12-20 2022-12-31 13808612 2022-12-31 13808612 bus:OrdinaryShareClass1 2022-12-31 13808612 core:RetainedEarningsAccumulatedLosses 2022-12-31 13808612 core:ShareCapital 2022-12-31 13808612 core:CurrentFinancialInstruments 2022-12-31 13808612 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 13808612 core:OtherResidualIntangibleAssets 2022-12-31 13808612 core:FurnitureFittingsToolsEquipment 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13808612

Digital Screen Media Limited

Filleted Financial Statements

for the Year Ended 31 December 2023

 

Digital Screen Media Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 9

 

Digital Screen Media Limited

Company Information

Directors

Mr RS Ingleby

Miss CD Wilkinson

Registered office

Ground Floor, Seneca House
Links Point, Amy Johnson Way
Blackpool
Lancashire
FY4 2FF

Auditors

Crossley & Davis Chartered Accountants
Senior Statutory Auditor
Ground Floor, Seneca House
Links Point, Amy Johnson Way
Blackpool
Lancashire
FY4 2FF

 

Digital Screen Media Limited

(Registration number: 13808612)
Balance Sheet as at 31 December 2023

Note

2023
£

(As restated)

2022
£

Fixed assets

 

Intangible assets

5

345,000

453,600

Tangible assets

6

4,347

7,587

 

349,347

461,187

Current assets

 

Stocks

7

174,168

183,938

Debtors

8

217,089

119,377

Cash at bank and in hand

 

69,718

110,045

 

460,975

413,360

Creditors: Amounts falling due within one year

9

(997,143)

(975,690)

Net current liabilities

 

(536,168)

(562,330)

Net liabilities

 

(186,821)

(101,143)

Capital and reserves

 

Called up share capital

10

100

100

Retained earnings

(186,921)

(101,243)

Shareholders' deficit

 

(186,821)

(101,143)

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 7 May 2025 and signed on its behalf by:
 

.........................................
Mr RS Ingleby
Director

 

Digital Screen Media Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

1

General information

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

The address of its registered office is:
Ground Floor, Seneca House
Links Point, Amy Johnson Way
Blackpool
Lancashire
FY4 2FF
England

These financial statements were authorised for issue by the Board on 7 May 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 company receives support from its immediate parent, International Connections Group Limited and will continue to for at least 12 months from the date of signing of the balance sheet. For this reason the accounts have been prepared on a going concern basis.

 

Digital Screen Media Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 7 May 2025 was Mr P Swarbrick, who signed for and on behalf of Crossley & Davis Chartered Accountants.

.........................................

Prior period errors

A restatement was made to the year ended 31st December 2022 financial statements in respect of revenue previously recognised incorrectly.

Relating to the current period disclosed in these financial statements
£

Relating to the prior period disclosed in these financial statements
£

Relating to periods before the prior period disclosed in these financial statements
£

Profit & loss

(28,957)

54,160

-

Work in progress

92,326

92,326

-

Trade debtors

7,905

7,905

-

Provision for bad debts

(50,607)

(50,607)

-

Accruals

(389,015)

(389,015)

-

Deferred income

252,520

252,520

-

Deferred tax

61,666

32,710

-

P&l reserve - prior year adjustment

54,160

-

-

   

Revenue recognition

Turnover comprises the fair value of the consideration for advertising contracts sold in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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.

 

Digital Screen Media Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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

33% straight line

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

Licences

10 year 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 advertising services performed in the ordinary course of business.

Trade debtors are recognised initially at the contract value. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Digital Screen Media Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Auditors' liability limitation

The company entered into a liability limitation agreement with the auditor on 21st November 2023. The liability of the auditor in respect of any claim or claims made by the company is limited to £4,000,000 inclusive of interest and costs.

 

Digital Screen Media Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

5

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 January 2023

486,000

486,000

Disposals

(60,000)

(60,000)

At 31 December 2023

426,000

426,000

Amortisation

At 1 January 2023

32,400

32,400

Amortisation charge

48,600

48,600

At 31 December 2023

81,000

81,000

Carrying amount

At 31 December 2023

345,000

345,000

At 31 December 2022

453,600

453,600

6

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2023

8,898

8,898

At 31 December 2023

8,898

8,898

Depreciation

At 1 January 2023

1,311

1,311

Charge for the year

3,240

3,240

At 31 December 2023

4,551

4,551

Carrying amount

At 31 December 2023

4,347

4,347

At 31 December 2022

7,587

7,587

 

Digital Screen Media Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

7

Stocks

2023
£

(As restated)

2022
£

Work in progress

174,168

183,938

8

Debtors

Current

2023
£

(As restated)

2022
£

Trade debtors

120,899

85,374

Prepayments

33,027

-

Other debtors

63,163

34,003

 

217,089

119,377

9

Creditors

Creditors: amounts falling due within one year

Note

2023
£

(As restated)

2022
£

Due within one year

 

Trade creditors

 

(612)

59,850

Amounts owed to group undertakings and undertakings in which the company has a participating interest

174,157

204,173

Taxation and social security

 

40,700

69,005

Accruals and deferred income

 

782,263

450,412

Other creditors

 

635

192,250

 

997,143

975,690

10

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       
 

Digital Screen Media Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

11

Relationship between entity and parents

The parent of the smallest group in which these financial statements are consolidated is International Connections Group Limited, incorporated in England and Wales.

The address of International Connections Group Limited is:
8 Avroe Crescent
Blackpool
Lancashire
England
FY4 2DP