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REGISTERED NUMBER: 07325806 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

DIGITAL GIVING LIMITED

DIGITAL GIVING LIMITED (REGISTERED NUMBER: 07325806)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2021




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


DIGITAL GIVING LIMITED

COMPANY INFORMATION
for the year ended 31 December 2021







DIRECTOR: Mr G K Morgan





SECRETARY: Mr G K Morgan





REGISTERED OFFICE: Carradine House
237 Regents Park Road
London
N3 3LF





REGISTERED NUMBER: 07325806 (England and Wales)





ACCOUNTANTS: Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

DIGITAL GIVING LIMITED (REGISTERED NUMBER: 07325806)

ABRIDGED BALANCE SHEET
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 482 642
482 642

CURRENT ASSETS
Debtors 164,753 170,169
Cash at bank 633 69
165,386 170,238
CREDITORS
Amounts falling due within one year 800,545 829,893
NET CURRENT LIABILITIES (635,159 ) (659,655 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(634,677

)

(659,013

)

CREDITORS
Amounts falling due after more than one year 6 45,627 40,000
NET LIABILITIES (680,304 ) (699,013 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (680,306 ) (699,015 )
SHAREHOLDERS' FUNDS (680,304 ) (699,013 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

DIGITAL GIVING LIMITED (REGISTERED NUMBER: 07325806)

ABRIDGED BALANCE SHEET - continued
31 December 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 27 May 2022 and were signed by:





Mr G K Morgan - Director


DIGITAL GIVING LIMITED (REGISTERED NUMBER: 07325806)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2021

1. STATUTORY INFORMATION

Digital Giving 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.

The financial statements have been prepared on a going concern basis even though the company's current liabilities exceed its current assets as the director is of the opinion that the company will be able to continue trading and meet its liabilities as and when due as a result of the continuing financial support of its major creditor.

Intangible assets
Patents and licences are amortised over 10 years on the straight line basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

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.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

DIGITAL GIVING LIMITED (REGISTERED NUMBER: 07325806)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2021

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2021
and 31 December 2021 17,799
AMORTISATION
At 1 January 2021
and 31 December 2021 17,799
NET BOOK VALUE

At 31 December 2021 -
At 31 December 2020 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2021
and 31 December 2021 5,000
DEPRECIATION
At 1 January 2021 4,358
Charge for year 160
At 31 December 2021 4,518
NET BOOK VALUE
At 31 December 2021 482
At 31 December 2020 642

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2021 2020
£    £   
Repayable by instalments
Bank loans 25,000 -

DIGITAL GIVING LIMITED (REGISTERED NUMBER: 07325806)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2021

7. SECURED DEBTS

The following secured debts are included within creditors:

2021 2020
£    £   
Bank loans 50,627 50,000

Bank loans are secured by way of a fixed and floating charge over the assets held by the company.

8. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £243,064 (2020 - £307,276) to Mr G K Morgan, the director.

At the balance sheet date, the company owed £551,821(2020 - £511,686) to G Limited, a company in which Mr G K Morgan is also a director.