DIGITAL MINDS RECRUITMENT LTD

Company Registration Number:
07757025 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 01 August 2022

End date: 31 July 2023

DIGITAL MINDS RECRUITMENT LTD

Contents of the Financial Statements

for the Period Ended 31 July 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

DIGITAL MINDS RECRUITMENT LTD

Company Information

for the Period Ended 31 July 2023




Director: James Oliver Riley Boyce
Registered office: 49
Rombalds View
Ben Rhydding
Ilkley
England
LS29 8LT
Company Registration Number: 07757025 (England and Wales)

DIGITAL MINDS RECRUITMENT LTD

Balance sheet

As at 31 July 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 3,244 3,816
Total fixed assets: 3,244 3,816
Current assets
Debtors: 5 3,321 18,120
Cash at bank and in hand: 505 12,794
Total current assets: 3,826 30,914
Creditors: amounts falling due within one year: 6 ( 2,000 ) ( 13,635 )
Net current assets (liabilities): 1,826 17,279
Total assets less current liabilities: 5,070 21,095
Creditors: amounts falling due after more than one year: 7 ( 4,667 ) ( 6,667 )
Provision for liabilities: ( 616 ) ( 725 )
Accruals and deferred income: ( 66 ) ( 66 )
Total net assets (liabilities): ( 279 ) 13,637

The notes form part of these financial statements

DIGITAL MINDS RECRUITMENT LTD

Balance sheet continued

As at 31 July 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 4 4
Profit and loss account: ( 283 ) 13,633
Shareholders funds: ( 279 ) 13,637

For the year ending 31 July 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 5 October 2023
And Signed On Behalf Of The Board By:

Name: James Oliver Riley Boyce
Status: Director

The notes form part of these financial statements

DIGITAL MINDS RECRUITMENT LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents the value of goods and services net of value added tax and discounts.

    Tangible fixed assets depreciation policy

    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:
    15% Reducing balance.

    Other accounting policies

    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 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.

DIGITAL MINDS RECRUITMENT LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 1 1

DIGITAL MINDS RECRUITMENT LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 3. Off balance sheet disclosure

    No

DIGITAL MINDS RECRUITMENT LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Tangible assets

Fixtures & fittings Office equipment Total
Cost £ £ £
At 01 August 2022 3,242 6,800 10,042
Additions - - -
Disposals - - -
Revaluations - - -
Transfers - - -
At 31 July 2023 3,242 6,800 10,042
Depreciation
At 01 August 2022 1,759 4,467 6,226
Charge for year 222 350 572
On disposals - - -
Other adjustments - - -
At 31 July 2023 1,981 4,817 6,798
Net book value
At 31 July 2023 1,261 1,983 3,244
At 31 July 2022 1,483 2,333 3,816

DIGITAL MINDS RECRUITMENT LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

5. Debtors


2023
£

2022
£
Trade debtors 18,120
Other debtors 3,321
Total 3,321 18,120

Included in 'Other debtors' is an amount of £3,321 (2022: £Nil) owed to the company by the director. The loan is unsecured, interest free and repayable on demand.

DIGITAL MINDS RECRUITMENT LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

6.Creditors: amounts falling due within one year note


2023
£

2022
£
Bank loans and overdrafts 2,000 2,000
Taxation and social security 11,635
Total 2,000 13,635

DIGITAL MINDS RECRUITMENT LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

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


2023
£

2022
£
Bank loans and overdrafts 4,667 6,667
Total 4,667 6,667

The loan is unsecured and interest is charged at 2.5%.