REGISTERED NUMBER: 07603364 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

D.A.M. GOOD MEDIA LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr D Hamilton

REGISTERED OFFICE:

Fleming Court

Leigh Road

Eastleigh

Southampton

Hampshire

SO50 9PD

BUSINESS ADDRESS:

35 Brookley Road

Brockenhurst

Hampshire

SO42 7RB

REGISTERED NUMBER:

07603364 (England and Wales)

FIXED ASSETS

Tangible assets

5

39,111

46,446

Investments

6

5,530

-

44,641

46,446

CURRENT ASSETS

Debtors

7

912,978

661,721

Cash at bank

-

41,748

912,978

703,469

CREDITORS

Amounts falling due within one year

8

338,454

147,175

NET CURRENT ASSETS

574,524

556,294

TOTAL ASSETS LESS CURRENT LIABILITIES

619,165

602,740

CREDITORS

Amounts falling due after more than one year

9

29,717

35,327

NET ASSETS

589,448

567,413

CAPITAL AND RESERVES

Called up share capital

10

3,570

3,431

Share premium

11

3,895,488

3,337,827

Retained earnings

11

(3,309,610

)

(2,773,845

)

SHAREHOLDERS' FUNDS

589,448

567,413

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 September 2025 and were signed by:

Mr D Hamilton - Director

1.	STATUTORY INFORMATION

D.A.M. Good Media Limited 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.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

33% straight line

Fixtures and fittings

-

33% on reducing balance

Motor vehicles

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

All fixed assets are initially recorded at cost.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred 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 or deferred taxation assets and liabilities are not discounted.

Current tax is 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 July 2023

3,200

25,998

21,947

72,547

123,692

Additions

-

750

-

7,254

8,004

At 30 June 2024

3,200

26,748

21,947

79,801

131,696

DEPRECIATION

At 1 July 2023

3,200

17,386

11,015

45,645

77,246

Charge for year

-

3,047

1,640

10,652

15,339

At 30 June 2024

3,200

20,433

12,655

56,297

92,585

NET BOOK VALUE

At 30 June 2024

-

6,315

9,292

23,504

39,111

At 30 June 2023

-

8,612

10,932

26,902

46,446

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

5,530

At 30 June 2024

5,530

NET BOOK VALUE

At 30 June 2024

5,530

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

587

804

Amounts owed by group undertakings

517,531

-

Other debtors

394,860

660,917

912,978

661,721

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

6,072

5,470

Trade creditors

49,868

22,464

Taxation and social security

76,382

55,111

Other creditors

206,132

64,130

338,454

147,175

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

29,717

35,327

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

5,820

12,019

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

116,500

Ordinary

A

1p

1,165

1,165

5,000

Ordinary

B

1p

50

50

206,517

Ordinary

C

1p

2,065

1,926

29,000

Ordinary

D

1p

290

290

3,570

3,431

The following shares were issued during the year:

13,945 Ordinary C shares of 1p for cash of £557800

11.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 July 2023

(2,773,845

)

3,337,827

563,982

Deficit for the year

(535,765

)

(535,765

)

Cash share issue

-

557,661

557,661

At 30 June 2024

(3,309,610

)

3,895,488

585,878

12.	OTHER FINANCIAL COMMITMENTS

Total future financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £99,329 (2023: £129,128)

This amount is in relation to operating lease commitments which are payable over the next 4 years (2023: over the next 5 years)