| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 |
| FOR |
| DCMN MARKETING SOLUTIONS LTD |
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 |
| FOR |
| DCMN MARKETING SOLUTIONS LTD |
| DCMN MARKETING SOLUTIONS LTD (REGISTERED NUMBER: 10312062) |
| 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 |
| DCMN MARKETING SOLUTIONS LTD |
| COMPANY INFORMATION |
| For The Year Ended 31 December 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| DCMN MARKETING SOLUTIONS LTD (REGISTERED NUMBER: 10312062) |
| BALANCE SHEET |
| 31 December 2024 |
| 2024 | 2023 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year | 6 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| ( |
) | ( |
) |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| DCMN MARKETING SOLUTIONS LTD (REGISTERED NUMBER: 10312062) |
| NOTES TO THE FINANCIAL STATEMENTS |
| For The Year Ended 31 December 2024 |
| 1. | STATUTORY INFORMATION |
| DCMN Marketing Solutions Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared in accordance with the provisions of Section 1A ''Smaller Entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
| The financial statements have been prepared on a going concern basis, which the directors consider to be appropriate. The directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company is reliant upon support from the parent company who will continue to provide the necessary finance to enable the company to meet its liabilities as they fall due. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. |
| Critical accounting judgements and key sources of estimation uncertainty |
| Management have applied the following judgements in the preparation of these financial statements: |
| Deferred tax assets |
| Management is required to assess whether it is appropriate to recognise a deferred tax asset relating to |
| taxable losses available to the Company. The recognition of deferred tax assets is based upon whether it |
| is more likely than not that sufficient and suitable taxable profits will be available in the future against |
| which the reversal of losses and other deductions can be deducted. |
| To determine the future taxable profits, reference is made to the latest available forecasts. Therefore, this |
| involves judgement regarding the future financial performance of the Company in which a deferred tax |
| asset would be recognised. |
| Bad debt provision |
| The Company makes an estimate of the recoverable value of trade and other debtors. When assessing |
| impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience of payment. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Revenue is recognised to the extent that it is probable that the economic benefits will flow to the |
| Company and the revenue can be reliably measured. During the year the Company changed its role |
| within the Group to which it belongs and is now predominantly a sales and marketing division. As a |
| result a significant proportion of revenue now reflects the recharge of costs to its parent company, |
| DCMN GmbH in accordance with a cost-plus agreement between the two entities. Revenue is |
| measured as the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. The following criteria must also be met for revenue to be |
| recognised: |
| Rendering of services |
| Revenue from a contract to provide services is recognised in the period in which the services are |
| provided in accordance with the stage of completion of the contract when all of the following |
| conditions are satisfied: |
| - the amount of revenue can be measured reliably; - it is probable that the Company will receive the consideration due under the contract; - the stage of completion of the contract at the end of the reporting period can be measured reliably; and |
| - the costs incurred and the costs to complete the contract can be measured reliably. |
| - the amount of revenue can be measured reliably; |
| - it is probable that the Company will receive the consideration due under the contract; |
| - the stage of completion of the contract at the end of the reporting period can be measured |
| reliably; and |
| - the costs incurred and the costs to complete the contract can be measured reliably. |
| DCMN MARKETING SOLUTIONS LTD (REGISTERED NUMBER: 10312062) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Year Ended 31 December 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Financial instruments |
| The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost, [except for investments in shares which are measured at fair value]. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss. |
| Taxation |
| Taxation for the year comprises current 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 tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. |
| Consideration is given to whether deferred tax should be provided in respect of material timing differences which have not reversed at the balance sheet date. Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or future taxable profits. |
| Current tax assets and liabilities are not discounted and are 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. |
| Foreign currencies |
| Transactions denominated in foreign currencies are translated into sterling and recorded at the rate of exchange ruling at the date of the transaction. Balances at the year-end denominated in a foreign currency are translated into sterling at the rate of exchange ruling at the balance sheet date. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Prepayments and accrued income |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| Other creditors |
| Accruals and deferred income |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Other creditors |
| 7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| DCMN MARKETING SOLUTIONS LTD (REGISTERED NUMBER: 10312062) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Year Ended 31 December 2024 |
| 8. | RELATED PARTY DISCLOSURES |
| DCMN Marketing Solutions Ltd have taken the exemption under FRS 102, section 33 Related Party Disclosures paragraph 33.1A whereby the company is not required to disclose transactions with other companies who are wholly owned within the group. |
| At the year end, the parent company had loaned £2,289,318 (2023 - £2,299,738). £297,027 (2023 - £305,229) is shown in other creditors due in one year. The remaining balance is shown in other creditors due in over one year which includes a loan balance of £1,992,291 (2023 - £1,994,509) with 5.5% interest being charged each year. |
| 9. | ULTIMATE CONTROLLING PARTY |
| The immediate parent company is DCMN GmbH, a company incorporated in Germany. DCMN GmbH prepares consolidated accounts and these are available from the company's registered office at Alex-Wedding-Straße 7, 10178, Berlin, Germany. |