FDM Digital Solutions 31/12/2024 iXBRL

Company registration number: 08079612

FDM Digital Solutions

Trading as FDM Digital Solutions Ltd

Unaudited filleted financial statements

31 December 2024

FDM Digital Solutions

Contents

Directors and other information

Statement of financial position

Statement of changes in equity

Notes to the financial statements

FDM Digital Solutions

Directors and other information


Director	Mr Graeme Bond	(Appointed 1 March 2024)
	Mr Philipp Visotschnig	(Resigned 1 March 2024)


Company number	08079612


Registered office	Unit 4 Ams Technology Park
	Billington Road
	Burnley
	Lancashire
	BB11 5UB


Business address	Unit 4 Ams Technology Park
	Billington Road
	Burnley
	Lancashire
	BB11 5UB


Accountants	Longden & Co Ltd
	Riverside House
	4 Melbourne Street
	Stalybridge
	Cheshire
	SK15 2JE




	Bankers	Royal Bank Of Scotland
		1 Princess Street
		London
		EC2R 8BP

FDM Digital Solutions

Statement of financial position

31 December 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Tangible assets	5	820,009		285,575
		_______		_______
			820,009		285,575

Current assets
Stocks		51,327		48,555
Debtors	6	339,588		287,158
Cash at bank and in hand		39,454		81,874
		_______		_______
		430,369		417,587
Creditors: amounts falling due
within one year	7	( 622,700)		( 345,453)
		_______		_______
Net current (liabilities)/assets			( 192,331)		72,134
			_______		_______
Total assets less current liabilities			627,678		357,709

Creditors: amounts falling due
after more than one year	8		( 1,176,785)		( 796,041)

Provisions for liabilities			74,499		7,459

Accruals and deferred income			( 43,680)		( 61,007)

			_______		_______
Net liabilities			( 518,288)		( 491,880)
			_______		_______

Capital and reserves
Share premium account			182,800		182,800
Profit and loss account			( 701,088)		( 674,680)
			_______		_______
Shareholders deficit			( 518,288)		( 491,880)
			_______		_______

For the 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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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 statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 30 September 2025 , and are signed on behalf of the board by:

Mr Graeme Bond

Director

Company registration number: 08079612

FDM Digital Solutions

Statement of changes in equity

Year ended 31 December 2024

	Share premium account	Profit and loss account	Total
	£	£	£


At 1 January 2023	182,800	( 475,939)	( 293,139)

Loss for the year		( 198,741)	( 198,741)
	_______	_______	_______
Total comprehensive income for the year	-	( 198,741)	( 198,741)

	_______	_______	_______
At 31 December 2023 and 1 January 2024	182,800	(674,682)	(491,882)

Loss for the year		( 26,406)	( 26,406)
	_______	_______	_______
Total comprehensive income for the year	-	( 26,406)	( 26,406)

	_______	_______	_______
At 31 December 2024	182,800	( 701,088)	( 518,288)
	_______	_______	_______

FDM Digital Solutions

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 FDM Digital Solutions Ltd, Unit 4 Ams Technology Park, Billington Road, Burnley, Lancashire, BB11 5UB.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. 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.

Going concern

Having considered the basis of preparation of FDM Digital Solutions Limited Financial Statements, the Directors are satisfied that it remains appropriate to prepare the Company Financial Statements on a going concern basis.

Turnover

Turnover represents amounts receivable for goods and services provided in the normal course of business, net of trade discounts, VAT and other sales related taxes and is recognised when goods are despatched, and all the risks and rewards have been transferred to the customer. Income from service contracts is recognised over the life of the contracts.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Leases in which the Company assumes substantially all the risks and rewards of ownership of the leased asset are classified as finance leases. All other leases are classified as operating leases. Leased assets acquired by way of finance lease are stated on initial recognition at an amount equal to the lower of their fair value and the present value of the minimum lease payments at inception of the lease, including any incremental costs directly attributable to negotiating and arranging the lease. At initial recognition a finance lease liability is recognised equal to the fair value of the leased asset or, if lower, the present value of the minimum lease payments. The present value of the minimum lease payments is calculated using the interest rate implicit in the lease.The Company assesses at each reporting date whether tangible fixed assets (including those leased under a finance lease) are impaired.

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:


Leasehold property	-	Straight line over the period of the lease
Plant and machinery	-	5 to 10 years
Fittings fixtures and equipment	-	3 to 10 years

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

Impairment excluding stocks and deferred assets

Financial assets (including trade and other debtors)A financial asset not carried at fair value through profit or loss is assessed at each reporting date to determine whether there is objective evidence that it is impaired. A financial asset is impaired if objective evidence indicates that a loss event has occurred after the initial recognition of the asset, and that the loss event had a negative effect on the estimated future cash flows of that asset that can be estimated reliably.An impairment loss in respect of a financial asset measured at amortised cost is calculated as the difference between its carrying amount and the present value of the estimated future cash flows discounted at the asset's original effective interest rate. For financial instruments measured at cost less impairment, impairment is calculated as the difference between its carrying amount and the best estimate of the amount that the Company would receive for the asset if it were to be sold at the reporting date. Interest on the impaired asset continues to be recognised through the unwinding of the discount. Impairment losses are recognised in profit or loss. When a subsequent event causes the amount of impairment loss to decrease, the decrease in impairment loss is reversed through profit or loss.Non-financial assetsThe carrying amounts of the Company's non-financial assets, other than stocks and deferred tax assets, are reviewed at each reporting date to determine whether there is any indication of impairment. If any such indication exists, then the asset's recoverable amount is estimated. The recoverable amount of an asset or cash-generating unit is the greater of its value in use and its fair value less costs to sell. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. For the purpose of impairment testing, assets that cannot be tested individually are grouped together into the smallest group of assets that generates cash inflows from continuing use that are largely independent of the cash inflows of other assets or groups of assets (the "CGU", "cash-generating unit"). An impairment loss is recognised if the carrying amount of an asset or its CGU exceeds its estimated recoverable amount. Impairment losses are recognised in profit or loss. An impairment loss is reversed if and only if the reasons for the impairment have ceased to apply. Impairment losses recognised in prior periods are assessed at each reporting date for any indications that the loss has decreased or no longer exists. An impairment loss is reversed only to the extent that the asset's carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortisation, if no impairment loss had been recognised.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the weighted average principle and includes expenditure incurred in acquiring the stocks, production or conversion costs and other costs in bringing them to their existing location and condition. In the case of manufactured stocks and work in progress, cost includes an appropriate share of overheads based on normal operating capacity.At each reporting date, the Company assesses whether stocks are impaired or if an impairment loss recognised in prior periods has reversed. Any excess of the carrying amount of stock over its estimated selling price less costs to complete and sell is recognised as an impairment loss in the profit and loss.Reversals of impairment losses are recognised in the profit and loss.

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in the creditors as deferred income. 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 entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

In accordance with FRS 102.22, financial instruments issued by the Company are treated as equity only to the extent that they meet the following two conditions: (a) they include no contractual obligations upon the Company to deliver cash or other financial assets or to exchange financial assets or financial liabilities with another party under conditions that are potentially unfavourable to the Company; and (b) where the instrument will or may be settled in the Company's own equity instruments, it is either a non-derivative that includes no obligation to deliver a variable number of the Company's own equity instruments or is a derivative that will be settled by the Company's exchanging a fixed amount of cash or other financial assets for a fixed number of its own equity instruments.To the extent that this definition is not met, the proceeds of issue are classified as a financial liability. Where the instrument so classified takes the legal form of the Company's own shares, the amounts presented in these financial statements for called up share capital and share premium account exclude amounts in relation to those shares. Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of instrument for a similar debt instrument.Interest-bearing borrowing's classified as basic financial instruments Interest-bearing borrowing's are recognised initially at the present value of future payments discounted at a market rate of interest. Subsequent to initial recognition, interest-bearing borrowing's are stated at amortised cost using the effective interest method, less any impairment losses.

Defined contribution plans

A defined contribution plan is a post-employment benefit plan under which the Company pays fixed contributions into a separate entity and will have no legal or constructive obligation to pay further amounts. Obligations for contributions to defined contribution pension plans are recognised as an expense in the profit and loss account in the periods during which services are rendered by employees.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 7 (2023: 6 ).

5. Tangible assets

	Long leasehold property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 January 2024	136,979	1,467,695	113,363	21,497	1,739,534
Additions	1,141	654,359	3,180	-	658,680
	_______	_______	_______	_______	_______
At 31 December 2024	138,120	2,122,054	116,543	21,497	2,398,214
	_______	_______	_______	_______	_______
Depreciation
At 1 January 2024	20,024	1,323,900	88,539	21,497	1,453,960
Charge for the year	27,494	84,387	12,364	-	124,245
	_______	_______	_______	_______	_______
At 31 December 2024	47,518	1,408,287	100,903	21,497	1,578,205
	_______	_______	_______	_______	_______
Carrying amount
At 31 December 2024	90,602	713,767	15,640	-	820,009
	_______	_______	_______	_______	_______
At 31 December 2023	116,955	143,795	24,824	-	285,574
	_______	_______	_______	_______	_______

Included within tangible fixed assets are assets held under hire purchase agreements with a net carrying amount of £729,407 (Year ended 31 December 2023: £Nil.

6. Debtors

	2024	2023
	£	£
Trade debtors	263,992	182,266
Other debtors	75,596	104,892
	_______	_______
	339,588	287,158
	_______	_______

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	150,709	105,225
Amounts owed to group undertakings and undertakings in which the company has a participating interest	-	200,795
Social security and other taxes	23,665	37,770
Obligations under hire purchase agreements	260,784	-
Other creditors	187,542	1,663
	_______	_______
	622,700	345,453
	_______	_______

Other creditors includes an invoice discounting facility of £153,646. This facility is secured by a charge over the company's trade debtors.

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

	2024	2023
	£	£
Shares classed as financial liabilities	796,041	796,041
Obligations under hire purchase agreements	380,744	-
	_______	_______
	1,176,785	796,041
	_______	_______

The company has acquired certain tangible fixed assets under hire purchase agreements. These liabilities are secured on the specific assets to which they relate. The total future liability repayable at year end is £641,528, split; under 1 year £260,783, and between 1 and five years £380,744.

Included within creditors: amounts falling due after more than one year is an amount of £ 796,041 (2023 £ 796,041 ) in respect of liabilities payable or repayable otherwise than by instalments which fall due for payment after more than five years from the reporting date.

The convertible preference shares carry a cumulative preferential dividend of 10% of the issue price, they are convertible to A Ordinary shares at the rate of 115 convertible shares to 1 A Ordinary share. They do not have the right to a vote at general meetings of the Company. The preference shares are entitled to a cumulative preferential dividend at an annual rate of 10% of the issued price of each share. They do not have the right to vote at general meetings of the Company.

9. Controlling party

The immediate parent undertaking is Technology Engineering Services Limited, a company registered in England and Wales. The directors consider Ian Cerrone to be the ultimate controlling party by virtue of his controlling interest in Technology Engineering Services Limited.