Company registration number 10643446 (England and Wales)
ABC DIGITAL HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
ABC DIGITAL HOLDINGS LIMITED
COMPANY INFORMATION
Directors
S Burgess
S Harvey
Company number
10643446
Registered office
Glasshouse, Alderley Park
Congleton Road
Nether Alderley
Macclesfield
Cheshire
England
SK10 4TF
Accountants
Azets
Ship Canal House
98 King Street
Manchester
M2 4WU
ABC DIGITAL HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
ABC DIGITAL HOLDINGS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
5,995,103
5,995,103
Current assets
Debtors
4
707,666
1,382,284
Cash at bank and in hand
38,006
11,507
745,672
1,393,791
Creditors: amounts falling due within one year
5
(126,689)
(188)
Net current assets
618,983
1,393,603
Net assets
6,614,086
7,388,706
Capital and reserves
Called up share capital
6
1,772,268
1,772,268
Other reserves
4,110,191
4,110,191
Profit and loss reserves
731,627
1,506,247
Total equity
6,614,086
7,388,706
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial period ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 29 July 2025 and are signed on its behalf by:
S Burgess
Director
Company Registration No. 10643446
ABC DIGITAL HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information
ABC Digital Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Glasshouse, Alderley Park, Congleton Road, Nether Alderley, Macclesfield, Cheshire, England, SK10 4TF.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
1.2
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Reporting period
In the current period the company lengthened its accounting period due to business strategy and therefore the previous accounting period is not wholly comparable. The accounting period now represents 15 months from 1 October 2023 to 31 December 2024.
1.4
Fixed asset investments
Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
1.5
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks.
ABC DIGITAL HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -
1.6
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
1.7
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.8
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2024
2023
Number
Number
Total
2
2
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings
5,995,103
5,995,103
ABC DIGITAL HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
3
Fixed asset investments
(Continued)
- 4 -
Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 1 October 2023 & 31 December 2024
5,995,103
Carrying amount
At 31 December 2024
5,995,103
At 30 September 2023
5,995,103
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
670,665
1,345,283
Other debtors
37,001
37,001
707,666
1,382,284
5
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
188
188
Other creditors
126,501
126,689
188
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of 50p each
3,544,536
3,544,536
1,772,268
1,772,268
ABC DIGITAL HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 5 -
7
Related party transactions
Recognised in other debtors is £37,000 (2023: £37,000) in respect of money advanced to BPS (Management) Limited, a company under common control. This amount is considered recoverable.
8
Directors' transactions
During the year the director advanced £126,501 (2023: £nil) to the company. £126,501 (2023: £nil) was owed to the director at the balance sheet date.
9
Dividends
During the year dividends were paid to directors of £822,488 (2023: £100,000).