REGISTERED NUMBER: 07481057 (England and Wales)

DAVID FICKLING COMICS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

T M Fickling

C J Fickling

T P Lloyd-Jones

S Robinson

D Fickling

D B Nathan

REGISTERED OFFICE:

6-7 Citibase, New Barclay House

234 Botley Road

Oxford

OX2 0HP

REGISTERED NUMBER:

07481057 (England and Wales)

ACCOUNTANTS:

Mercer Lewin Ltd

Chartered Accountants

6-7 Citibase

New Barclay House

234 Botley Road

Oxford

OX2 0HP

FIXED ASSETS

Intangible assets

4

27,727

18,937

Tangible assets

5

57,557

13,168

85,284

32,105

CURRENT ASSETS

Stocks

25,696

20,799

Debtors

6

1,409,737

835,291

Cash at bank and in hand

405,448

222,469

1,840,881

1,078,559

CREDITORS

Amounts falling due within one year

7

1,009,186

651,649

NET CURRENT ASSETS

831,695

426,910

TOTAL ASSETS LESS CURRENT LIABILITIES

916,979

459,015

CREDITORS

Amounts falling due after more than one year

8

1,664,132

1,747,414

NET LIABILITIES

(747,153

)

(1,288,399

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(747,154

)

(1,288,400

)

(747,153

)

(1,288,399

)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

C J Fickling - Director

1.	STATUTORY INFORMATION

David Fickling Comics 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.

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.

TURNOVER

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

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 nil years.

TANGIBLE FIXED ASSETS

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

Plant and machinery etc

-

20% on 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 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 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.

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.

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.

GOING CONCERN

The directors consider the use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern. Included in liabilities are long terms creditors who are not currently seeking repayment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

59,006

Additions

21,723

At 31 December 2024

80,729

AMORTISATION

At 1 January 2024

40,069

Charge for year

12,933

At 31 December 2024

53,002

NET BOOK VALUE

At 31 December 2024

27,727

At 31 December 2023

18,937

5.	TANGIBLE FIXED ASSETS

Short

Computer

leasehold

equipment

Totals

£

£

£

COST

At 1 January 2024

-

56,753

56,753

Additions

5,786

50,897

56,683

At 31 December 2024

5,786

107,650

113,436

DEPRECIATION

At 1 January 2024

-

43,585

43,585

Charge for year

-

12,294

12,294

At 31 December 2024

-

55,879

55,879

NET BOOK VALUE

At 31 December 2024

5,786

51,771

57,557

At 31 December 2023

-

13,168

13,168

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

340,741

138,401

Other debtors

1,068,996

696,890

1,409,737

835,291

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

23,281

9,929

Trade creditors

87,323

82,834

Taxation and social security

48,755

34,412

Other creditors

849,827

524,474

1,009,186

651,649

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

-

23,281

Other creditors

1,664,132

1,724,133

1,664,132

1,747,414

9.	RELATED PARTY DISCLOSURES

The Company has a trading relationship with David Fickling Books Limited, a company under common control. The trading relationship is conducted in an arm's length manner, with David Fickling Books Limited owing the Company £896,270 as at 31 December 2024. This consists of working capital related amounts of £681,324, the majority of which is accrued royalties in the period 1 July 2024 to 31 December 2024. These were due for payment on 31 March 2025 and were settled on or around that date. In addition, the Company has lent David Fickling Books Limited £214,946 for which an interest rate on commercial terms was charged in the relevant accounting period.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of David Fickling Comics Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of David Fickling Comics Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of David Fickling Comics Limited and state those matters that we have agreed to state to the Board of Directors of David Fickling Comics Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than David Fickling Comics Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that David Fickling Comics Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of David Fickling Comics Limited. You consider that David Fickling Comics Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of David Fickling Comics Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Mercer Lewin Ltd

Chartered Accountants

6-7 Citibase

New Barclay House

234 Botley Road

Oxford

OX2 0HP

29 September 2025