2022-08-01 12760118 2023-07-31 12760118 2022-08-01 2023-07-31 12760118 2022-07-31 12760118 2021-08-01 2022-07-31 12760118 uk-core:WithinOneYear 2022-07-31 12760118 uk-core:WithinOneYear 2023-07-31 12760118 uk-core:AfterOneYear 2022-07-31 12760118 uk-core:AfterOneYear 2023-07-31 12760118 uk-core:ShareCapital 2023-07-31 12760118 uk-core:ShareCapital 2022-07-31 12760118 uk-core:RetainedEarningsAccumulatedLosses 2023-07-31 12760118 uk-core:RetainedEarningsAccumulatedLosses 2022-07-31 12760118 uk-bus:Director1 2022-08-01 2023-07-31 12760118 uk-core:OfficeEquipment 2022-08-01 2023-07-31 12760118 uk-core:ComputerEquipment 2022-08-01 2023-07-31 12760118 uk-core:ComputerEquipment 2022-07-31 12760118 uk-core:OfficeEquipment 2022-07-31 12760118 uk-core:OfficeEquipment 2023-07-31 12760118 uk-core:ComputerEquipment 2023-07-31 12760118 uk-core:WithinOneYear 2023-07-31 12760118 uk-core:WithinOneYear 2022-07-31 12760118 uk-core:AfterOneYear uk-core:Secured 2023-07-31 12760118 uk-core:AfterOneYear uk-core:Secured 2022-07-31 iso4217:GBP xbrli:pure 12760118 uk-bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 12760118 uk-bus:FRS102 2022-08-01 2023-07-31 12760118 uk-bus:FullAccounts 2022-08-01 2023-07-31 12760118 uk-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31
Egnetix Digital Limited
Registered Number:12760118
For the year ended 31 July 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 July 2023
Egnetix Digital Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
12760118
As at 31 July 2023
Egnetix Digital Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
3,293
4,895
2
3,293
4,895
Current assets
Trade and other receivables
14,449
10,512
3
7,332
Cash and cash equivalents
4,659
15,171
21,781
Trade and other payables: amounts falling due within one
year
(19,482)
(17,595)
4
2,299
(2,424)
Net current liabilities
Total assets less current liabilities
869
7,194
Trade and other payables: amounts falling due after more
than one year
(889)
(178)
5
(626)
-
Provisions for liabilities
65
Net assets
6,305
Capital and reserves
Called up share capital
1
1
Retained earnings
64
6,304
65
6,305
Shareholders' funds
For the year ended 31 July 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 of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Moses Alausa Director
These financial statements were approved and authorised for issue by the Board on 09 October 2023 and were signed by:
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4
Registered Number :
12760118
For the year ended 31 July 2023
Egnetix Digital Limited
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 4
5
For the year ended 31 July 2023
Egnetix Digital Limited
Notes to the Financial Statements
Statutory Information
Egnetix Digital Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 12760118.
Registered address:
275 Barnsole Road
Gillingham
Kent
ME7 4JD
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, for IT and advertising consultancy services.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
33.33% Straight line
25% Straight line
Computer Equipment
2. Property, plant and equipment
Total
Computer
Equipment
Plant and
Machinery
£
£
£
Cost or
valuation
At 01 August 2022
6,566
6,210
356
104
-
104
Additions
At 31 July 2023
460
6,210
6,670
Provision for depreciation and impairment
At 01 August 2022
1,671
1,552
119
Charge for year
1,706
1,553
153
At 31 July 2023
3,377
3,105
272
At 31 July 2023
Net book value
188
3,105
3,293
At 31 July 2022
237
4,658
4,895
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6
For the year ended 31 July 2023
Egnetix Digital Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2022
2023
£
£
Trade debtors
8,829
14,358
Other debtors
1,683
91
14,449
10,512
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
712
711
Taxation and social security
16,883
17,153
Other creditors
-
1,618
17,595
19,482
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
178
889
6. Average number of persons employed
During the year the average number of employees was 1 (2022 : 1)
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