Company No: 11078381 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

A T Parmee

REGISTERED OFFICE	New Cambridge House
	Bassingbourn Road
	Litlington
	Royston
	SG8 0SS
	United Kingdom

COMPANY NUMBER

11078381 (England and Wales)

ACCOUNTANT	S&W Partners (East) LLP
	Stonecross
	Trumpington High Street
	Cambridge
	CB2 9SU

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	4	32,078		7,896
		32,078		7,896
Current assets
Stocks		27,340		6,000
Debtors	5	65,958		38,327
Cash at bank and in hand		269,225		197,194
		362,523		241,521
Creditors: amounts falling due within one year	6	( 253,473)		( 381,124)
Net current assets/(liabilities)		109,050		(139,603)
Total assets less current liabilities		141,128		(131,707)
Creditors: amounts falling due after more than one year	7	( 257,274)		( 80,185)
Provision for liabilities	8	10,737		( 1,794)
Net liabilities		( 105,409)		( 213,686)
Capital and reserves
Called-up share capital		1		1
Profit and loss account		( 105,410 )		( 213,687 )
Total shareholder's deficit		( 105,409)		( 213,686)

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Display Graphics Limited (registered number: 11078381) were approved and authorised for issue by the Director on 31 October 2025. They were signed on its behalf by:

A T Parmee Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Display Graphics Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is New Cambridge House, Bassingbourn Road, Litlington, Royston, SG8 0SS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Display Graphics Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The director has made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Foreign currency

The Company's functional and presentational currency is GBP.

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise on monetary items.

Turnover

Revenue in respect of the sale of graphics is recognised when the work is complete. Revenue in respect of storage is invoiced in advance and deferred evenly over the period to which it relates.
Revenue in respect of exhibitions is recognised and invoiced upon completion of significant milestones which are pre-agreed with each individual customer. Revenue is recognised exclusive of VAT.

Employee benefits

Defined contribution schemes
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.

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	7 years straight line
Vehicles	4 years straight line
Fixtures and fittings	7 years straight line
Office equipment	3 years straight line
Other property, plant and equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to and from related parties.

Basic financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Government grants

Grants are accounted under the accruals model as permitted by FRS 102.

During 2022 the Company benefited from the government Coronavirus Job Retention Scheme. These grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation and are measured at the best estimate at the Statement of financial position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Statement of financial position.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	8		8

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 January 2024	74,500		74,500
At 31 December 2024	74,500		74,500
Accumulated amortisation
At 01 January 2024	74,500		74,500
At 31 December 2024	74,500		74,500
Net book value
At 31 December 2024	0		0
At 31 December 2023	0		0

4. Tangible assets

	Plant and machinery		Vehicles		Fixtures and fittings		Office equipment		Other property, plant and equipment		Total
	£		£		£		£		£		£
Cost
At 01 January 2024	23,515		13,000		4,662		19,116		1,943		62,236
Additions	29,864		0		0		0		1,239		31,103
At 31 December 2024	53,379		13,000		4,662		19,116		3,182		93,339
Accumulated depreciation
At 01 January 2024	17,944		13,000		4,050		18,916		430		54,340
Charge for the financial year	5,532		0		490		79		820		6,921
At 31 December 2024	23,476		13,000		4,540		18,995		1,250		61,261
Net book value
At 31 December 2024	29,903		0		122		121		1,932		32,078
At 31 December 2023	5,571		0		612		200		1,513		7,896

5. Debtors

	2024		2023
	£		£
Trade debtors	65,358		37,679
Corporation tax	0		48
Other debtors	600		600
	65,958		38,327

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans	40,185		41,109
Trade creditors	9,593		23,538
Amounts owed to Group undertakings	126,000		269,717
Taxation and social security	71,390		39,781
Other creditors	6,305		6,979
	253,473		381,124

7. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans	40,000		80,185
Amounts owed to Group undertakings	217,274		0
	257,274		80,185

There are no amounts included above in respect of which any security has been given by the small entity.

8. Deferred tax

	2024		2023
	£		£
At the beginning of financial year	( 1,794)		0
Credited/(charged) to the Profit and Loss Account	12,531		( 1,794)
At the end of financial year	10,737		( 1,794)

9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2024		2023
	£		£
within one year	0		26,875

10. Ultimate controlling party

The immediate controlling party is Absolute Audio Visual Solutions Limited of: New Cambridge House Bassingbourn Road, Litlington, Royston, Herts, SG8 0SS.
The ultimate controlling party is A Parmee, by virtue of his shareholding in the parent company.