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REGISTERED NUMBER: 08371301 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 January 2023

for

Digitalcrush Ltd

Digitalcrush Ltd (Registered number: 08371301)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Digitalcrush Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTORS: Mr D Moore
Mr N Paterson





REGISTERED OFFICE: Rickleton
Bowes Business Park
Lambton Estate
Co. Durham
DH3 4AN





REGISTERED NUMBER: 08371301 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
17 Queens Lane
Newcastle upon Tyne
Tyne and Wear
NE1 1RN

Digitalcrush Ltd (Registered number: 08371301)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 7,337 9,677
7,337 9,677

CURRENT ASSETS
Debtors 7 108,147 55,968
Cash at bank and in hand 29,092 35,413
137,239 91,381
CREDITORS
Amounts falling due within one year 8 103,965 60,443
NET CURRENT ASSETS 33,274 30,938
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,611

40,615

PROVISIONS FOR LIABILITIES 1,394 1,838
NET ASSETS 39,217 38,777

CAPITAL AND RESERVES
Called up share capital 100 100
Profit and loss account 39,117 38,677
39,217 38,777

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 8 November 2023 and were signed on its behalf by:




Mr D Moore - Director



Mr N Paterson - Director


Digitalcrush Ltd (Registered number: 08371301)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Digitalcrush 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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 represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 5 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 cost
Computer equipment - 33% on cost

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

Digitalcrush Ltd (Registered number: 08371301)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 200,000
AMORTISATION
At 1 February 2022
and 31 January 2023 200,000
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 -

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022 35,960
Additions 3,593
At 31 January 2023 39,553
DEPRECIATION
At 1 February 2022 26,283
Charge for year 5,933
At 31 January 2023 32,216
NET BOOK VALUE
At 31 January 2023 7,337
At 31 January 2022 9,677

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 73,962 45,122
Other debtors 34,185 10,846
108,147 55,968

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 8,591 3,425
Taxation and social security 66,258 27,731
Other creditors 29,116 29,287
103,965 60,443

Digitalcrush Ltd (Registered number: 08371301)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

2023 2022
£    £   
Mr D Moore
Balance outstanding at start of year (650 ) 29,891
Amounts advanced 71,384 51,198
Amounts repaid (60,664 ) (81,739 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,070 (650 )

The above loan is unsecured, interest free and repayable on demand.