Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2024-04-01falseThe principle activity of the company is that od public relations and communication activities.1621truetrue 10620906 2024-04-01 2025-03-31 10620906 2023-04-01 2024-03-31 10620906 2025-03-31 10620906 2024-03-31 10620906 c:Director1 2024-04-01 2025-03-31 10620906 d:FurnitureFittings 2024-04-01 2025-03-31 10620906 d:FurnitureFittings 2025-03-31 10620906 d:FurnitureFittings 2024-03-31 10620906 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 10620906 d:ComputerEquipment 2024-04-01 2025-03-31 10620906 d:ComputerEquipment 2025-03-31 10620906 d:ComputerEquipment 2024-03-31 10620906 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 10620906 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 10620906 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-03-31 10620906 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 10620906 d:CurrentFinancialInstruments 2025-03-31 10620906 d:CurrentFinancialInstruments 2024-03-31 10620906 d:Non-currentFinancialInstruments 2025-03-31 10620906 d:Non-currentFinancialInstruments 2024-03-31 10620906 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 10620906 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10620906 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 10620906 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 10620906 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2025-03-31 10620906 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 10620906 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2025-03-31 10620906 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 10620906 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2025-03-31 10620906 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 10620906 d:ShareCapital 2025-03-31 10620906 d:ShareCapital 2024-03-31 10620906 d:RetainedEarningsAccumulatedLosses 2025-03-31 10620906 d:RetainedEarningsAccumulatedLosses 2024-03-31 10620906 d:AcceleratedTaxDepreciationDeferredTax 2025-03-31 10620906 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 10620906 c:FRS102 2024-04-01 2025-03-31 10620906 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 10620906 c:FullAccounts 2024-04-01 2025-03-31 10620906 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10620906 2 2024-04-01 2025-03-31 10620906 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2024-04-01 2025-03-31 10620906 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure
Registered number: 10620906


DEVELOPMENT COMMUNICATIONS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

 
DEVELOPMENT COMMUNICATIONS LIMITED
REGISTERED NUMBER: 10620906

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Intangible assets
 4 
6,396
10,911

Tangible fixed assets
  
328
1,538

  
6,724
12,449

Current assets
  

Stocks
  
-
2,500

Debtors: amounts falling due within one year
 6 
384,345
448,115

Cash at bank and in hand
 7 
114,371
69,403

  
498,716
520,018

Creditors: amounts falling due within one year
 8 
(230,952)
(260,030)

Net current assets
  
 
 
267,764
 
 
259,988

Total assets less current liabilities
  
274,488
272,437

Creditors: amounts falling due after more than one year
 9 
(235,689)
(246,247)

Provisions for liabilities
  

Deferred tax
 11 
(81)
(385)

  
 
 
(81)
 
 
(385)

Net assets
  
38,718
25,805


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
38,618
25,705

  
38,718
25,805


Page 1

 
DEVELOPMENT COMMUNICATIONS LIMITED
REGISTERED NUMBER: 10620906
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

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 income and retained earnings 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 by: 




................................................
Mr R S E Allaway
Director

Date: 9 June 2025

The notes on pages 3 to 13 form part of these financial statements.

Page 2

 
DEVELOPMENT COMMUNICATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Development Communications Limited is a private company limited by shares, incorporated in the United Kingdom and registered in England and Wales. The principal place of business is Chesnut Barns, Moreton, Thame, Oxfordshire, OX9 2HU.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 before turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
DEVELOPMENT COMMUNICATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.5

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.6

Interest income

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

 
2.7

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.

 
2.8

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.9

Pensions

Defined contribution pension plan

The Company contributes into 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.

Page 4

 
DEVELOPMENT COMMUNICATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.11

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.

 
2.12

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.

Page 5

 
DEVELOPMENT COMMUNICATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)


2.12
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:

Fixtures and fittings
-
30%
Straight line
Computer 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.

 
2.13

Work in Progress

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.14

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.15

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.16

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
DEVELOPMENT COMMUNICATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.17

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.18

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 16 (2024 - 21).

Page 7

 
DEVELOPMENT COMMUNICATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Intangible assets




Development expenditure

£



Cost


At 1 April 2024
22,575



At 31 March 2025

22,575



Amortisation


At 1 April 2024
11,664


Charge for the year on owned assets
4,515



At 31 March 2025

16,179



Net book value



At 31 March 2025
6,396



At 31 March 2024
10,911



Page 8

 
DEVELOPMENT COMMUNICATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2024
10,590
17,544
28,134



At 31 March 2025

10,590
17,544
28,134



Depreciation


At 1 April 2024
9,556
17,039
26,595


Charge for the year on owned assets
753
458
1,211



At 31 March 2025

10,309
17,497
27,806



Net book value



At 31 March 2025
281
47
328



At 31 March 2024
1,034
504
1,538


6.


Debtors

2025
2024
£
£


Trade debtors
48,581
437,932

Amounts owed by group undertakings
310,738
-

Other debtors
3,249
2,756

Prepayments and accrued income
21,777
7,427

384,345
448,115



7.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
114,371
69,403

114,371
69,403


Page 9

 
DEVELOPMENT COMMUNICATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

8.


Creditors: Amounts falling due within one year

2025
2024
£
£

Bank loans
107,661
62,649

Trade creditors
36,695
20,531

Corporation tax
1,584
86,573

Other taxation and social security
71,916
84,690

Other creditors
9,196
2,287

Accruals and deferred income
3,900
3,300

230,952
260,030



9.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Bank loans
235,689
246,247

235,689
246,247


The following liabilities were secured:




Details of security provided:

The bank loan is secured by the following deed of charges : 6 January 2021 fixed and floating charge covering all the property or undertaking of the company. This was satisfied on 9 September 2024.

Page 10

 
DEVELOPMENT COMMUNICATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

10.


Loans


Analysis of the maturity of loans is given below:


2025
2024
£
£

Amounts falling due within one year

Bank loans
107,661
62,649


107,661
62,649

Amounts falling due 1-2 years

Bank loans
48,815
65,999


48,815
65,999

Amounts falling due 2-5 years

Bank loans
179,995
144,658


179,995
144,658

Amounts falling due after more than 5 years

Bank loans
6,878
35,589

6,878
35,589

343,349
308,895


Page 11

 
DEVELOPMENT COMMUNICATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

11.


Deferred taxation




2025


£






At beginning of year
(384)


Charged to profit or loss
303



At end of year
(81)

The provision for deferred taxation is made up as follows:

2025
2024
£
£


Accelerated capital allowances
(82)
(384)

(82)
(384)


12.


Pension commitments

The Company contributes into a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension costs charges represents contributions payable by the Company to the fund and amounted to £11,337. (2024 - £12,431) Contributions totaling £1,849 (2024 - £Nil) were payable to the fund at the balance sheet date and were included in creditors.


13.


Related party transactions

Within other debtors/(other creditors) are the following amounts owed to Development Communications Limited, all of these companies are fellow subsidiary. The loan's are all interest free and repayable on demand.


2025
£

DevComms (East) Limited
73,488
DevComms (Midlands) Limited
106,721
DevComms (South East) Limited
82,271
DevComms (South West) Limited
46,081
DevComms (Holdings) Limited
2,177
310,738

Page 12

 
DEVELOPMENT COMMUNICATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

14.


Controlling party

The ultimate controlling party is DevComms Holdings Limited.

 
Page 13