REGISTERED NUMBER: 02993612 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Boomerang Digital Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs K A Roberts

A M Ludlow

C D Wrigley

REGISTERED OFFICE:

2 Saxon Business Park

Owen Avenue

Hessle

HU13 9PD

REGISTERED NUMBER:

02993612 (England and Wales)

ACCOUNTANTS:

TC Group

Cliffe Hill House

22-26 Nottingham Road

Stapleford

Nottingham

NG9 8AA

FIXED ASSETS

Intangible assets

4

858,486

45,504

Tangible assets

5

271,423

96,787

Investments

6

9,533

68,281

1,139,442

210,572

CURRENT ASSETS

Stocks

288,426

94,381

Debtors

7

1,849,247

1,691,836

Cash at bank and in hand

822,410

246,898

2,960,083

2,033,115

CREDITORS

Amounts falling due within one year

8

2,080,445

1,248,734

NET CURRENT ASSETS

879,638

784,381

TOTAL ASSETS LESS CURRENT LIABILITIES

2,019,080

994,953

CREDITORS

Amounts falling due after more than one year

9

(821,151

)

(77,763

)

PROVISIONS FOR LIABILITIES

(43,456

)

(1,301

)

NET ASSETS

1,154,473

915,889

CAPITAL AND RESERVES

Called up share capital

92,798

85,838

Share premium

121,421

58,572

Capital redemption reserve

45,000

45,000

Other reserves

-

45,023

Retained earnings

895,254

681,456

1,154,473

915,889

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by:

A M Ludlow - Director

1.	STATUTORY INFORMATION

Boomerang Digital 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Development costs are being amortised evenly over their estimated useful life of ten years.

Intellectual property is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

20% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Office Equipment

-

33% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2023 - 23 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 January 2024

-

45,504

45,504

Additions

304,777

558,402

863,179

At 31 December 2024

304,777

603,906

908,683

AMORTISATION

Charge for year

17,779

32,418

50,197

At 31 December 2024

17,779

32,418

50,197

NET BOOK VALUE

At 31 December 2024

286,998

571,488

858,486

At 31 December 2023

-

45,504

45,504

During the year the net assets of IHL Tech Ltd, a company incorporated in England and Wales were hived up into the company.

During the year the company acquired the assets of Playsafe Systems Ltd, a company incorporated in England and Wales. This transaction has generated the disclosed goodwill of £304,777.

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Office

property

machinery

fittings

Equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

253,743

35,669

157,554

272,408

719,374

Additions

-

84,750

18,479

115,950

219,179

At 31 December 2024

253,743

120,419

176,033

388,358

938,553

DEPRECIATION

At 1 January 2024

240,897

981

136,539

244,170

622,587

Charge for year

3,504

16,826

7,687

16,526

44,543

At 31 December 2024

244,401

17,807

144,226

260,696

667,130

NET BOOK VALUE

At 31 December 2024

9,342

102,612

31,807

127,662

271,423

At 31 December 2023

12,846

34,688

21,015

28,238

96,787

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Plant and

Office

machinery

Equipment

Totals

£

£

£

COST

At 1 January 2024

35,669

-

35,669

Additions

-

78,762

78,762

At 31 December 2024

35,669

78,762

114,431

DEPRECIATION

At 1 January 2024

981

-

981

Charge for year

6,938

2,188

9,126

At 31 December 2024

7,919

2,188

10,107

NET BOOK VALUE

At 31 December 2024

27,750

76,574

104,324

At 31 December 2023

34,688

-

34,688

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

68,281

Additions

100

Disposals

(58,848

)

At 31 December 2024

9,533

NET BOOK VALUE

At 31 December 2024

9,533

At 31 December 2023

68,281

During the year the company acquired a one third shareholding in the ordinary share capital of Live Play Games Ltd, a company incorporated in England and Wales.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

953,618

617,800

Amounts owed by group undertakings

373,940

780,474

Other debtors

521,689

293,562

1,849,247

1,691,836

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

34,076

49,866

Hire purchase contracts and finance leases (see note 10)

30,517

7,135

Trade creditors

738,808

318,604

Amounts owed to group undertakings

102

469,999

Taxation and social security

341,315

148,444

Other creditors

935,627

254,686

2,080,445

1,248,734

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

56,379

49,229

Hire purchase contracts and finance leases (see note 10)

74,956

28,534

Other creditors

689,816

-

821,151

77,763

31.12.24

31.12.23

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 yr

by instalments

4,483

-

4,483

-

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

Finance leases

31.12.24

31.12.23

31.12.24

31.12.23

£

£

£

£

Net obligations repayable:

Within one year

7,135

7,135

23,382

-

Between one and five years

21,400

28,534

53,556

-

28,535

35,669

76,938

-

Non-cancellable

operating leases

31.12.24

31.12.23

£

£

Between one and five years

48,350

18,750

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Boomerang Digital Holdings Limited, a company registered in England and Wales (Company number 13233433).