Digital Dispatch (Intl) Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01545312

Digital Dispatch (Intl) Ltd

Filleted Financial Statements

31 December 2024

Digital Dispatch (Intl) Ltd

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	2,266	837
Investments	6	2,224,357	2,224,357
		------------	------------
		2,226,623	2,225,194

Current assets

Debtors	7	4,571,208	5,057,014
Cash at bank and in hand		56,233	51,137
		------------	------------
		4,627,441	5,108,151

Creditors: amounts falling due within one year	8	2,110,387	2,554,794
		------------	------------
Net current assets		2,517,054	2,553,357
		------------	------------
Total assets less current liabilities		4,743,677	4,778,551
		------------	------------
Net assets		4,743,677	4,778,551
		------------	------------

Capital and reserves

Called up share capital	558,450	558,450
Share premium account	5,844,150	5,844,150
Profit and loss account	( 1,658,923)	( 1,624,049)
	------------	------------
Shareholders funds	4,743,677	4,778,551
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

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.

These financial statements were approved by the board of directors and authorised for issue on 9 September 2025 , and are signed on behalf of the board by:

Mr V Ghai

Director

Company registration number: 01545312

Digital Dispatch (Intl) Ltd

Statement of Changes in Equity

Year ended 31 December 2024

	Called up share capital	Share premium account	Profit and loss account	Total
	£	£	£	£
At 1 January 2023	558,450	5,844,150	( 1,629,323)	4,773,277

Profit for the year			5,274	5,274
	---------	------------	------------	------------
Total comprehensive income for the year	–	–	5,274	5,274

At 31 December 2023	558,450	5,844,150	( 1,624,049)	4,778,551

Loss for the year			( 34,874)	( 34,874)
	---------	------------	------------	------------
Total comprehensive income for the year	–	–	( 34,874)	( 34,874)

	---------	------------	------------	------------
At 31 December 2024	558,450	5,844,150	( 1,658,923)	4,743,677
	---------	------------	------------	------------

Digital Dispatch (Intl) Ltd

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Wychwood House, 14 Hanborough Business Park, Long Hanborough, Witney, Oxfordshire, OX29 BLH.

2. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

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 non-current assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably commited to terminate the employment of an employee or to provide termination benefits.

Going concern

Whilst the company generated a loss for the current financial year, it is expected to return to profitability in the foreseeable future. In addition, the company is a member of a group headed by DDS Wireless International Inc, with which it has a close working relationship. The parent company has also provided a letter of support to the company. Therefore, at the time of approving the financial statements, the directors have a reasonable expectation that the company has access to adequate resources to continue in operational existence for the foreseeable future. The directors have adopted the going concern basis of accounting in preparing these financial statements.

Disclosure exemptions

The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group. The company has also taken advantage of the exemption from disclosing transactions with and balances owed to/from its parent entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

The company's revenues, which are derived from ordinary activities, and stated net of VAT and trade discounts, are from three primary sources. 1. Contracts for complete wireless dispatch systems: Contracts for complete wireless dispatch systems include multiple deliverables, which are separated into discrete units of accounting based on the relative fair value of each element. Revenues form installation of system infrastructure are recorded using a percentage-of-completion method, which results in deferred revenue on the balance sheet when services are invoices in advance of the revenue being earned, and amounts recoverable on contracts on the balance sheet when revenue is earned prior to invoicing the customer. Profit estimates on contracts where the percentage-of-completion method is applied are revised periodically based on changes in circumstances, and losses are recognised immediately. Revenue from system devices related to contracts for complete wireless dispatch systems are recorded when all significant acts have been completed and ownership has passed to the customer with no substantial risk of return and collectability is reasonably assured. The company maintains a security interest in systems and devices until payment has been received in full. 2. Maintenance and support services: Maintenance and support service revenues are recognised proportionally over the term of the contract in the case of long-term contacts, and at the time of performance for other services. 3. Sales of additional and replacement devices: Revenues from sales of additional and replacement device are recognised ocne ownership has passed to the customer with no substantial risk of return and collectability is reasonable assured. Revenues associated with devices shipped but not yet delivered to the customer location are recognised when transfer of risks and rewards occurs.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Computer software	-	Over 3 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	3-6 years

Investments

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

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. Where impairment losses are subsequently reversed, the carrying amount of an asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impariment loss been recognised for the assset previously. A reversal of an impairment loss is recognised immediately in the profit or loss, unless the revelant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

3. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2023: 3 ).

4. Intangible assets

	Computer software
	£
Cost
At 1 January 2024 and 31 December 2024	25,980
	--------
Amortisation
At 1 January 2024 and 31 December 2024	25,980
	--------
Carrying amount
At 31 December 2024	–
	--------
At 31 December 2023	–
	--------

5. Tangible assets

	Fixtures and fittings
	£
Cost
At 1 January 2024	93,440
Additions	2,100
	--------
At 31 December 2024	95,540
	--------
Depreciation
At 1 January 2024	92,603
Charge for the year	671
	--------
At 31 December 2024	93,274
	--------
Carrying amount
At 31 December 2024	2,266
	--------
At 31 December 2023	837
	--------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 January 2024 and 31 December 2024	3,827,872
	------------
Impairment
At 1 January 2024 and 31 December 2024	1,603,515
	------------

Carrying amount
At 31 December 2024	2,224,357
	------------
At 31 December 2023	2,224,357
	------------

7. Debtors

	2024	2023
	£	£
Trade debtors	14,904	1,000
Amounts owed by group undertakings and undertakings in which the company has a participating interest	4,547,631	5,047,637
Other debtors	8,673	8,377
	------------	------------
	4,571,208	5,057,014
	------------	------------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	4,931	18,586
Amounts owed to group undertakings and undertakings in which the company has a participating interest	1,931,875	2,318,691
Social security and other taxes	21,610	62,411
Other creditors	151,971	155,106
	------------	------------
	2,110,387	2,554,794
	------------	------------

9. Summary audit opinion

The auditor's report dated 16 September 2025 was unqualified .

The senior statutory auditor was Jordan Cain ACA , for and on behalf of Xeinadin Audit Limited .

10. Related party transactions

The immediate parent is DDS Wireless International Inc, a company incorporated in Canada. The ultimate controlling party is Ghai Family (2019) Trust. The registered office is 15th Floor-450 SW Marine Dr, Vancouver, BC V5X OC3. The company is controlled by V Ghai by virtue of his controlling interest in the company's ultimate parent undertaking.