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Company Registration No. 10936097 (England and Wales)
Digital Olive Ltd Unaudited accounts for the year ended 31 August 2023
Digital Olive Ltd Unaudited accounts Contents
Page
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Digital Olive Ltd Company Information for the year ended 31 August 2023
Director
Olivia Dickinson
Company Number
10936097 (England and Wales)
Registered Office
23 Graham Avenue London W13 9TQ
Accountants
Warwick McArdle 55 Ellerton Road London SW18 3NQ
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Digital Olive Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,411 
279 
Current assets
Debtors
- 
3,150 
Cash at bank and in hand
11,571 
37,430 
11,571 
40,580 
Creditors: amounts falling due within one year
(13,772)
(30,573)
Net current (liabilities)/assets
(2,201)
10,007 
Total assets less current liabilities
(790)
10,286 
Provisions for liabilities
Deferred tax
(284)
(58)
Net (liabilities)/assets
(1,074)
10,228 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(1,075)
10,227 
Shareholders' funds
(1,074)
10,228 
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 October 2023 and were signed on its behalf by
Olivia Dickinson Director Company Registration No. 10936097
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Digital Olive Ltd Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Digital Olive Ltd is a private company, limited by shares, registered in England and Wales, registration number 10936097. The registered office is 23 Graham Avenue, London, W13 9TQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years straight line
Deferred taxation
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 accounts. 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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Digital Olive Ltd Notes to the Accounts for the year ended 31 August 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 September 2022
2,344 
Additions
1,908 
At 31 August 2023
4,252 
Depreciation
At 1 September 2022
2,065 
Charge for the year
776 
At 31 August 2023
2,841 
Net book value
At 31 August 2023
1,411 
At 31 August 2022
279 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
3,150 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
- 
1,598 
Loans from directors
13,772 
28,975 
13,772 
30,573 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Loans to directors
At the year end the company owed the director £13,772 (2022 £28,975).
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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