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REGISTERED NUMBER: 04010631 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Cite DMS Limited

Cite DMS Limited (Registered number: 04010631)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cite DMS Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr D L Prichard
Mrs L A Bent





REGISTERED OFFICE: Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW





REGISTERED NUMBER: 04010631 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Cite DMS Limited (Registered number: 04010631)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,950 12,849
Investments 5 - 3
4,950 12,852

CURRENT ASSETS
Debtors 6 414,294 374,039
Cash at bank and in hand 415,435 507,567
829,729 881,606
CREDITORS
Amounts falling due within one year 7 (195,392 ) (278,241 )
NET CURRENT ASSETS 634,337 603,365
TOTAL ASSETS LESS CURRENT
LIABILITIES

639,287

616,217

CREDITORS
Amounts falling due after more than one
year

8

10,247

20,246

PROVISIONS FOR LIABILITIES 1,237 3,212

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 627,653 592,609
SHAREHOLDERS' FUNDS 627,803 592,759
639,287 616,217

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Cite DMS Limited (Registered number: 04010631)

Balance Sheet - continued
31 December 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 April 2025 and were signed on its behalf by:





Mr D L Prichard - Director


Cite DMS Limited (Registered number: 04010631)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Cite DMS Limited 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.

Preparation of consolidated financial statements
The financial statements contain information about Cite DMS Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received and receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment - 20% on cost
Computer equipment - 33 1/3% on cost

Investments in subsidiaries
Investment in subsidiary undertakings are recognised at cost less any provision for impairment.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

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.

Cite DMS Limited (Registered number: 04010631)

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings Computer
& equipment equipment Totals
£    £    £   
COST
At 1 January 2024 19,713 66,106 85,819
Additions 984 158 1,142
Disposals (2,967 ) (14,619 ) (17,586 )
At 31 December 2024 17,730 51,645 69,375
DEPRECIATION
At 1 January 2024 15,618 57,352 72,970
Charge for year 1,720 7,321 9,041
Eliminated on disposal (2,967 ) (14,619 ) (17,586 )
At 31 December 2024 14,371 50,054 64,425
NET BOOK VALUE
At 31 December 2024 3,359 1,591 4,950
At 31 December 2023 4,095 8,754 12,849

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 January 2024 3
Disposals (3 )
At 31 December 2024 -
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 3

Cite DMS Limited (Registered number: 04010631)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 200,170 154,877
Amounts owed by group undertakings 198,710 200,118
Other debtors 15,414 19,044
414,294 374,039

Other debtors includes prepayments and accrued income of £8,659 (2023: £11,579).

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 10,000 10,123
Trade creditors 16,275 6,109
Amounts owed to group undertakings - 90,449
Taxation and social security 49,569 74,073
Other creditors 119,548 97,487
195,392 278,241

Other creditors includes accrued expenses and deferred income of £110,834 (2023: £74,758).

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 10,247 20,246

9. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments, guarantees and contingencies that are not included in the balance sheet is £45,833 (2023: £66,000).

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
Mr D L Prichard
Balance outstanding at start of year - -
Amounts advanced 4,649 10,014
Amounts repaid (4,649 ) (10,014 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Cite DMS Limited (Registered number: 04010631)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs L A Bent
Balance outstanding at start of year - -
Amounts advanced 8,219 11,808
Amounts repaid (8,219 ) (11,808 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The above loans were interest free and repayable on demand.