Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsetrue2023-09-01No description of principal activity2923true 07767134 2023-09-01 2024-08-31 07767134 2022-09-01 2023-08-31 07767134 2024-08-31 07767134 2023-08-31 07767134 c:CompanySecretary1 2023-09-01 2024-08-31 07767134 c:Director1 2023-09-01 2024-08-31 07767134 c:Director2 2023-09-01 2024-08-31 07767134 c:Director2 2024-08-31 07767134 c:RegisteredOffice 2023-09-01 2024-08-31 07767134 d:PlantMachinery 2023-09-01 2024-08-31 07767134 d:PlantMachinery 2024-08-31 07767134 d:PlantMachinery 2023-08-31 07767134 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 07767134 d:MotorVehicles 2023-09-01 2024-08-31 07767134 d:MotorVehicles 2024-08-31 07767134 d:MotorVehicles 2023-08-31 07767134 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 07767134 d:OfficeEquipment 2023-09-01 2024-08-31 07767134 d:OfficeEquipment 2024-08-31 07767134 d:OfficeEquipment 2023-08-31 07767134 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 07767134 d:ComputerEquipment 2023-09-01 2024-08-31 07767134 d:ComputerEquipment 2024-08-31 07767134 d:ComputerEquipment 2023-08-31 07767134 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 07767134 d:OtherPropertyPlantEquipment 2023-09-01 2024-08-31 07767134 d:OtherPropertyPlantEquipment 2024-08-31 07767134 d:OtherPropertyPlantEquipment 2023-08-31 07767134 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 07767134 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 07767134 d:CurrentFinancialInstruments 2024-08-31 07767134 d:CurrentFinancialInstruments 2023-08-31 07767134 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 07767134 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 07767134 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 07767134 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 07767134 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-08-31 07767134 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-08-31 07767134 d:ShareCapital 2024-08-31 07767134 d:ShareCapital 2023-08-31 07767134 d:RetainedEarningsAccumulatedLosses 2024-08-31 07767134 d:RetainedEarningsAccumulatedLosses 2023-08-31 07767134 c:FRS102 2023-09-01 2024-08-31 07767134 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 07767134 c:FullAccounts 2023-09-01 2024-08-31 07767134 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 07767134 d:HirePurchaseContracts d:WithinOneYear 2024-08-31 07767134 d:HirePurchaseContracts d:WithinOneYear 2023-08-31 07767134 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-08-31 07767134 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-08-31 iso4217:GBP xbrli:pure
Company registration number: 07767134







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 AUGUST 2024


DIGITAL MEDIA TECHNOLOGIES LTD






































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DIGITAL MEDIA TECHNOLOGIES LTD
 


 
COMPANY INFORMATION


Directors
J R Game 
J A D Cove (resigned 23 April 2024)




Company secretary
R D Game



Registered number
07767134



Registered office
13 Harforde Court John Tate Road

Hertford

Hertfordshire

SG13 7NW




Accountants
Menzies LLP
Chartered Accountants

Richmond House

Walkern Road

Stevenage

Herts

SG1 3QP





 


DIGITAL MEDIA TECHNOLOGIES LTD
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 8


 


DIGITAL MEDIA TECHNOLOGIES LTD
REGISTERED NUMBER:07767134



STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
461,026
433,741

  
461,026
433,741

Current assets
  

Stocks
  
129,500
4,500

Debtors: amounts falling due within one year
 5 
904,108
733,717

Cash At Bank And In Hand
  
438,515
476,668

  
1,472,123
1,214,885

Creditors: Amounts Falling Due Within One Year
 6 
(485,443)
(483,659)

Net current assets
  
 
 
986,680
 
 
731,226

Total assets less current liabilities
  
1,447,706
1,164,967

Creditors: amounts falling due after more than one year
  
(76,937)
(119,290)

Provisions for liabilities
  

Other provisions
  
(110,547)
(80,247)

  
 
 
(110,547)
 
 
(80,247)

Net assets
  
1,260,222
965,430


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
1,260,122
965,330

  
1,260,222
965,430


Page 1

 


DIGITAL MEDIA TECHNOLOGIES LTD
REGISTERED NUMBER:07767134


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2024

The director considers 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 director acknowledges his 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: 




................................................
J R Game
Director

Date: 29 August 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 


DIGITAL MEDIA TECHNOLOGIES LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Digital Media Technologies Ltd 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. 
The presentation currency of the financial statements is the Pound Sterling (£).

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

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. 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 before revenue is 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.

 
2.3

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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 


DIGITAL MEDIA TECHNOLOGIES LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.4

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 reporting 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 reporting 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 reporting date.

 
2.5

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Office equipment
-
25%
reducing balance
Computer equipment
-
25%
reducing balance
Leasehold improvements
-
20%
reducing balance

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.

Page 4

 


DIGITAL MEDIA TECHNOLOGIES LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.6

Stocks

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 reporting 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.

 
2.7

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.


3.


Employees

The average monthly number of employees, including directors, during the year was 29 (2023 - 23).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Computer equipment
Other fixed assets

£
£
£
£
£



Cost or valuation


At 1 September 2023
63,657
160,435
49,666
352,243
112,283


Additions
-
-
4,924
161,243
-



At 31 August 2024

63,657
160,435
54,590
513,486
112,283



Depreciation


At 1 September 2023
56,575
35,495
19,085
149,960
43,428


Charge for the year on owned assets
1,771
31,235
8,553
74,866
22,457



At 31 August 2024

58,346
66,730
27,638
224,826
65,885



Net book value



At 31 August 2024
5,311
93,705
26,952
288,660
46,398



At 31 August 2023
7,082
124,940
30,581
202,283
68,855
Page 5

 


DIGITAL MEDIA TECHNOLOGIES LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

           4.Tangible fixed assets (continued)


Total

£



Cost or valuation


At 1 September 2023
738,284


Additions
166,167



At 31 August 2024

904,451



Depreciation


At 1 September 2023
304,543


Charge for the year on owned assets
138,882



At 31 August 2024

443,425



Net book value



At 31 August 2024
461,026



At 31 August 2023
433,741


5.


Debtors

2024
2023
£
£


Trade debtors
342,755
431,496

Amounts owed by connected company
419,259
197,264

Other debtors
20,141
19,007

Prepayments and accrued income
80,040
49,037

Tax recoverable
41,913
36,913

904,108
733,717


Page 6

 


DIGITAL MEDIA TECHNOLOGIES LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
141
1,784

Bank loans
10,000
10,000

Trade creditors
101,962
127,107

Other taxation and social security
224,485
152,324

Obligations under finance lease and hire purchase contracts
137,588
54,585

Other creditors
6,558
4,978

Accruals and deferred income
4,709
132,881

485,443
483,659



7.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 1-2 years

Bank loans
10,000
20,000


10,000
20,000



20,000
30,000



8.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
137,588
54,585

Between 1-5 years
66,937
99,290

204,525
153,875

Page 7

 


DIGITAL MEDIA TECHNOLOGIES LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

9.


Related party transactions

‘Included in debtors is an amount of £419,259 (2023: £197,264) due from a connected company.  No interest is being charged on this loan.
At the balance sheet date the company owed net £200 (2023: £1,334) to the directors. The balance can be found within net of debtors and creditors due within one year. No interest is being charged on this loan.

 
Page 8