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REGISTERED NUMBER: 08279104 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 November 2022

for

Digital By Default Ltd

Digital By Default Ltd (Registered number: 08279104)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Digital By Default Ltd

Company Information
for the Year Ended 30 November 2022







DIRECTOR: D B McGrail





REGISTERED OFFICE: Fradley Junction
Alrewas
Burton-On-Trent
Staffordshire
DE13 7DN





REGISTERED NUMBER: 08279104 (England and Wales)





ACCOUNTANTS: Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Digital By Default Ltd (Registered number: 08279104)

Balance Sheet
30 November 2022

2022 2021
Notes £    £   
FIXED ASSETS
Intangible assets 4 2,400 3,000
Tangible assets 5 41,009 44,629
43,409 47,629

CURRENT ASSETS
Debtors 6 18,393 39,295

CREDITORS
Amounts falling due within one year 7 (71,623 ) (54,833 )
NET CURRENT LIABILITIES (53,230 ) (15,538 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(9,821

)

32,091

CREDITORS
Amounts falling due after more than one
year

8

(36,931

)

(47,904

)
NET LIABILITIES (46,752 ) (15,813 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings (46,753 ) (15,814 )
SHAREHOLDERS' FUNDS (46,752 ) (15,813 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Digital By Default Ltd (Registered number: 08279104)

Balance Sheet - continued
30 November 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 October 2023 and were signed by:





D B McGrail - Director


Digital By Default Ltd (Registered number: 08279104)

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

1. STATUTORY INFORMATION

Digital By Default Ltd 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.

Going concern
The company is reliant on the continued financial support of the Director and Shareholders of the Company.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.
Fixtures and fittings - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Digital By Default Ltd (Registered number: 08279104)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2021 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2021
and 30 November 2022 6,000
AMORTISATION
At 1 December 2021 3,000
Charge for year 600
At 30 November 2022 3,600
NET BOOK VALUE
At 30 November 2022 2,400
At 30 November 2021 3,000

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 December 2021
and 30 November 2022 30,146 36,737 66,883
DEPRECIATION
At 1 December 2021 - 22,254 22,254
Charge for year - 3,620 3,620
At 30 November 2022 - 25,874 25,874
NET BOOK VALUE
At 30 November 2022 30,146 10,863 41,009
At 30 November 2021 30,146 14,483 44,629

Digital By Default Ltd (Registered number: 08279104)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 18,393 32,843
Other debtors - 6,452
18,393 39,295

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 25,497 10,804
Trade creditors 2,719 10,603
Taxation and social security 21,641 17,628
Other creditors 21,766 15,798
71,623 54,833

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 36,931 47,904

9. CALLED UP SHARE CAPITAL

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