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Company Registration No. 09866049 (England and Wales)
DigiBubble Limited Unaudited accounts for the year ended 31 March 2023
DigiBubble Limited Unaudited accounts Contents
Page
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DigiBubble Limited Company Information for the year ended 31 March 2023
Directors
Claire Bateup Keith Bateup Lucy Humphrey Michael Humphrey
Company Number
09866049 (England and Wales)
Registered Office
Freedom Works, Astral Towers Betts Way Crawley West Sussex RH10 9XA
Accountants
JP Accountancy Services (Sussex) Limited 5 Fairfield Way Ashington Pulborough West Sussex RH20 3LA
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DigiBubble Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,031 
3,235 
Current assets
Debtors
13,977 
3,926 
Cash at bank and in hand
22,884 
59,083 
36,861 
63,009 
Creditors: amounts falling due within one year
(24,854)
(30,805)
Net current assets
12,007 
32,204 
Total assets less current liabilities
14,038 
35,439 
Creditors: amounts falling due after more than one year
(20,674)
(23,749)
Provisions for liabilities
Deferred tax
(386)
(615)
Net (liabilities)/assets
(7,022)
11,075 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
(7,026)
11,071 
Shareholders' funds
(7,022)
11,075 
For the year ending 31 March 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 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 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 of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by
Keith Bateup Director Company Registration No. 09866049
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DigiBubble Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
DigiBubble Limited is a private company, limited by shares, registered in England and Wales, registration number 09866049. The registered office is Freedom Works, Astral Towers, Betts Way, Crawley, West Sussex, RH10 9XA.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
25% 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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss. The company received government grants in relation to COVID-19 during the year.
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DigiBubble Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2022
7,880 
Revaluations
(2,844)
At 31 March 2023
5,036 
Depreciation
At 1 April 2022
4,645 
Charge for the year
1,204 
On disposals
(2,844)
At 31 March 2023
3,005 
Net book value
At 31 March 2023
2,031 
At 31 March 2022
3,235 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
10,818 
1,194 
Accrued income and prepayments
3,159 
2,732 
13,977 
3,926 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
3,725 
3,725 
VAT
8,495 
8,743 
Trade creditors
2,960 
2,670 
Taxes and social security
3,970 
9,903 
Other creditors
131 
61 
Loans from directors
4,494 
4,515 
Accruals
1,079 
1,188 
24,854 
30,805 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
20,674 
23,749 
8
Average number of employees
During the year the average number of employees was 6 (2022: 6).
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