Caseware UK (AP4) 2024.0.164 2024.0.164 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true72024-01-01false7true 08756268 2024-01-01 2024-12-31 08756268 2024-12-31 08756268 2023-01-01 2023-12-31 08756268 2023-12-31 08756268 c:Director1 2024-01-01 2024-12-31 08756268 d:OfficeEquipment 2024-01-01 2024-12-31 08756268 d:OfficeEquipment 2024-12-31 08756268 d:OfficeEquipment 2023-12-31 08756268 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 08756268 d:PatentsTrademarksLicencesConcessionsSimilar 2024-01-01 2024-12-31 08756268 d:PatentsTrademarksLicencesConcessionsSimilar 2024-12-31 08756268 d:PatentsTrademarksLicencesConcessionsSimilar 2023-12-31 08756268 d:ComputerSoftware 2024-12-31 08756268 d:ComputerSoftware 2023-12-31 08756268 d:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 08756268 d:CurrentFinancialInstruments 2024-12-31 08756268 d:CurrentFinancialInstruments 2023-12-31 08756268 d:Non-currentFinancialInstruments 2024-12-31 08756268 d:Non-currentFinancialInstruments 2023-12-31 08756268 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 08756268 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08756268 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 08756268 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 08756268 d:ShareCapital 2024-12-31 08756268 d:ShareCapital 2023-12-31 08756268 d:SharePremium 2024-12-31 08756268 d:SharePremium 2023-12-31 08756268 d:RetainedEarningsAccumulatedLosses 2024-12-31 08756268 d:RetainedEarningsAccumulatedLosses 2023-12-31 08756268 c:OrdinaryShareClass1 2024-01-01 2024-12-31 08756268 c:OrdinaryShareClass1 2024-12-31 08756268 c:OrdinaryShareClass1 2023-12-31 08756268 c:FRS102 2024-01-01 2024-12-31 08756268 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08756268 c:FullAccounts 2024-01-01 2024-12-31 08756268 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08756268 d:PatentsTrademarksLicencesConcessionsSimilar d:ExternallyAcquiredIntangibleAssets 2024-01-01 2024-12-31 08756268 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2024-01-01 2024-12-31 08756268 2 2024-01-01 2024-12-31 08756268 6 2024-01-01 2024-12-31 08756268 d:ExternallyAcquiredIntangibleAssets 2024-01-01 2024-12-31 08756268 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2024-01-01 2024-12-31 08756268 d:ComputerSoftware d:OwnedIntangibleAssets 2024-01-01 2024-12-31 08756268 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 08756268













Digital Media Distribution Ltd

Financial statements
Information for filing with the registrar

31 December 2024




 
Digital Media Distribution Ltd


Balance sheet
At 31 December 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
988,591
836,011

Tangible assets
 5 
-
54

Investments
 6 
500,000
500,000

  
1,488,591
1,336,065

Current assets
  

Debtors
 7 
664,355
435,723

Cash at bank and in hand
  
127,544
100,691

  
791,899
536,414

Creditors: amounts falling due within one year
 8 
(613,207)
(327,083)

Net current assets
  
 
 
178,692
 
 
209,331

Total assets less current liabilities
  
1,667,283
1,545,396

Creditors: amounts falling due after more than one year
 9 
(83,060)
(467,173)

  

Net assets
  
1,584,223
1,078,223


Capital and reserves
  

Called up share capital 
 10 
1,066,689
520,118

Share premium account
  
808,929
808,929

Profit and loss account
  
(291,395)
(250,824)

Shareholders' funds
  
1,584,223
1,078,223


1

 
Digital Media Distribution Ltd

    
Balance sheet (continued)
At 31 December 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 June 2025.




A W Kelly
Director

Company registered number: 08756268
The notes on pages 3 to 9 form part of these financial statements. 

2

 
Digital Media Distribution Ltd
 
 

Notes to the financial statements
Year ended 31 December 2024

1.


General information

Digital Media Distribution Limited ('the company') is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in England.  The address of the registered office is 2nd Floor Citygate, St James' Boulevard, Newcastle upon Tyne, Tyne & Wear, NE1 4JE.

2.Accounting policies

 
2.1

Statement of compliance

The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' (FRS 102) and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Revenue

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

3

 
Digital Media Distribution Ltd
 

 
Notes to the financial statements
Year ended 31 December 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

 
2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Licences and content
-
3
years
Digital distribution technology
-
5
years

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

4

 
Digital Media Distribution Ltd
 

 
Notes to the financial statements
Year ended 31 December 2024

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

 
2.11

Investments

Fixed asset investments are initially recorded at cost and subsequently stated at cost less any accumulated impairment losses.

Investments in subsidiaries are measured at cost less accumulated impairment.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2023 - 7).

5

 
Digital Media Distribution Ltd
 
 

Notes to the financial statements
Year ended 31 December 2024

4.


Intangible assets




Licenses and content
Digital distribution technology
Total

£
£
£



Cost


At 1 January 2024
1,810,594
200,000
2,010,594


Additions
732,721
-
732,721



At 31 December 2024

2,543,315
200,000
2,743,315



Amortisation


At 1 January 2024
1,161,250
13,333
1,174,583


Charge for the year
540,141
40,000
580,141



At 31 December 2024

1,701,391
53,333
1,754,724



Net book value



At 31 December 2024
841,924
146,667
988,591



At 31 December 2023
649,344
186,667
836,011



6

 
Digital Media Distribution Ltd
 
 

Notes to the financial statements
Year ended 31 December 2024

5.


Tangible fixed assets





Equipment

£



Cost 


At 1 January 2024
5,426



At 31 December 2024

5,426



Depreciation


At 1 January 2024
5,372


Charge for the year on owned assets
54



At 31 December 2024

5,426



Net book value



At 31 December 2024
-



At 31 December 2023
54


6.


Fixed asset investments





Investments in subsidiary company

£



Cost or valuation


At 1 January 2024
500,000



At 31 December 2024
500,000




7

 
Digital Media Distribution Ltd
 
 

Notes to the financial statements
Year ended 31 December 2024

7.


Debtors

2024
2023
£
£


Trade debtors
96,383
114,040

Amounts owed by group undertakings
550,457
287,419

Other debtors
6,015
5,999

Prepayments and accrued income
11,500
28,265

664,355
435,723



8.


Creditors: amounts falling due within one year

2024
2023
£
£

Bank loans
32,852
41,682

Trade creditors
435,686
209,886

Other taxation and social security
-
3,324

Other creditors
551
314

Accruals and deferred income
144,118
71,877

613,207
327,083


Bank loans of £32,852 are secured by a charge over the assets of the company.


9.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Bank loans
83,060
117,624

Other creditors
-
349,549

83,060
467,173


Bank loans of £83,060 are secured by a charge over the assets of the company.

8

 
Digital Media Distribution Ltd
 
 

Notes to the financial statements
Year ended 31 December 2024

10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,066,689 (2023 - 520,118) ordinary shares of £1.00 each
1,066,689
520,118





11.


Related party transactions

At the year end amounts owed from the subsidiary company in respect of recharged costs and revenues was as follows:


2024
2023
£
£

Cindie Limited
550,457
287,419
550,457
287,419

The loan is unsecured, interest free and has no fixed repayment terms.

 
9