Digital Media Midlands Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 09388636 (England and Wales)

DIGITAL MEDIA MIDLANDS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

5

DIRECTOR:

Mrs T E Denyer

REGISTERED OFFICE:

3 Lyttleton Court

Birmingham Street

Halesowen

West Midlands

B63 3HN

REGISTERED NUMBER:

09388636 (England and Wales)

ACCOUNTANTS:

CUTTER & CO LTD

CHARTERED ACCOUNTANTS

3 Lyttleton Court

Birmingham Street

Halesowen

West Midlands

B63 3HN

FIXED ASSETS

Tangible assets

4

40,996

33,036

CURRENT ASSETS

Debtors

5

2,189,267

1,868,404

Cash at bank

165,016

114,635

2,354,283

1,983,039

CREDITORS

Amounts falling due within one year

6

78,454

32,864

NET CURRENT ASSETS

2,275,829

1,950,175

TOTAL ASSETS LESS CURRENT LIABILITIES

2,316,825

1,983,211

PROVISIONS FOR LIABILITIES

7

7,789

6,277

NET ASSETS

2,309,036

1,976,934

CAPITAL AND RESERVES

Called up share capital

400

400

Retained earnings

2,308,636

1,976,534

SHAREHOLDERS' FUNDS

2,309,036

1,976,934

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 1 December 2022 and were signed by:

Mrs T E Denyer - Director

1.	STATUTORY INFORMATION

Digital Media Midlands 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents the value of digital media services provided under contracts to the extent that there is a right to consideration and is recorded at the value of consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion.

Tangible fixed assets

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

Computer and office equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred 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 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Computer

and

office

equipment

£

COST

At 1 July 2021

112,382

Additions

36,717

At 30 June 2022

149,099

DEPRECIATION

At 1 July 2021

79,346

Charge for year

28,757

At 30 June 2022

108,103

NET BOOK VALUE

At 30 June 2022

40,996

At 30 June 2021

33,036

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

231,163

176,935

Other debtors

1,957,582

1,690,957

Called up share capital not paid

399

399

Prepayments

123

113

2,189,267

1,868,404

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Corporation tax

73,520

29,902

Social security and other taxes

18

565

VAT

3,846

1,570

Directors' current accounts

513

290

Accrued expenses

557

537

78,454

32,864

7.	PROVISIONS FOR LIABILITIES

2022

2021

£

£

Deferred tax

7,789

6,277

Deferred

tax

£

Balance at 1 July 2021

6,277

Provided during year

1,512

Balance at 30 June 2022

7,789