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REGISTERED NUMBER: 04021552 (England and Wales)


















Unaudited Financial Statements for the Year Ended 30 June 2022

for

Digby Installation Services Limited

Digby Installation Services Limited (Registered number: 04021552)






Contents of the Financial Statements
for the Year Ended 30 June 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Digby Installation Services Limited

Company Information
for the Year Ended 30 June 2022







DIRECTOR: D Digby





REGISTERED OFFICE: Unit 1b
Focus 4
Fourth Avenue
Letchworth
Hertfordshire
SG6 2TU





REGISTERED NUMBER: 04021552 (England and Wales)





ACCOUNTANTS: George Hay Partnership LLP
Chartered Accountants
Unit 1B
Focus 4
Fourth Avenue
Letchworth
Hertfordshire
SG6 2TU

Digby Installation Services Limited (Registered number: 04021552)

Balance Sheet
30 June 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 11,856 15,912
11,856 15,912

CURRENT ASSETS
Stocks 6,994 1,670
Debtors 7 976,471 456,093
Cash at bank 1,030,835 969,075
2,014,300 1,426,838
CREDITORS
Amounts falling due within one year 8 633,265 311,633
NET CURRENT ASSETS 1,381,035 1,115,205
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,392,891

1,131,117

PROVISIONS FOR LIABILITIES 2,252 3,023
NET ASSETS 1,390,639 1,128,094

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 1,390,637 1,128,092
SHAREHOLDERS' FUNDS 1,390,639 1,128,094

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 his 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.

Digby Installation Services Limited (Registered number: 04021552)

Balance Sheet - continued
30 June 2022


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 19 July 2022 and were signed by:





D Digby - Director


Digby Installation Services Limited (Registered number: 04021552)

Notes to the Financial Statements
for the Year Ended 30 June 2022

1. STATUTORY INFORMATION

Digby Installation Services 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. STATEMENT OF COMPLIANCE

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. .

3. ACCOUNTING POLICIES

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

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five 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.

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 - 25% on reducing balance
Computer equipment - 33% on reducing balance

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 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.


Digby Installation Services Limited (Registered number: 04021552)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2022

3. ACCOUNTING POLICIES - continued
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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 4 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2021
and 30 June 2022 102,030
AMORTISATION
At 1 July 2021
and 30 June 2022 102,030
NET BOOK VALUE
At 30 June 2022 -
At 30 June 2021 -

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2021
and 30 June 2022 51,539
DEPRECIATION
At 1 July 2021 35,627
Charge for year 4,056
At 30 June 2022 39,683
NET BOOK VALUE
At 30 June 2022 11,856
At 30 June 2021 15,912

Digby Installation Services Limited (Registered number: 04021552)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2022

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 908,833 384,785
Other debtors 67,638 71,308
976,471 456,093

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 406,551 165,726
Taxation and social security 213,970 120,407
Other creditors 12,744 25,500
633,265 311,633

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
2 Ordinary £1 2 2