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REGISTERED NUMBER: 04377483 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Digital Quest Limited

Digital Quest Limited (Registered number: 04377483)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Digital Quest Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: C C Biley
Mrs A J Biley





SECRETARY: Mrs A J Biley





REGISTERED OFFICE: Curlew House
Bosham Lane
Bosham
Chichester
West Sussex
PO18 8HG





REGISTERED NUMBER: 04377483 (England and Wales)





ACCOUNTANTS: Direct Accounting
7 Cooks Lane
Southbourne
Emsworth
Hampshire
PO10 8LG

Digital Quest Limited (Registered number: 04377483)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,376,925 1,361,072

CURRENT ASSETS
Debtors 5 25,807 32,388
Cash at bank 545,052 406,684
570,859 439,072
CREDITORS
Amounts falling due within one year 6 52,788 38,592
NET CURRENT ASSETS 518,071 400,480
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,894,996

1,761,552

PROVISIONS FOR LIABILITIES 16,145 16,145
NET ASSETS 1,878,851 1,745,407

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,878,751 1,745,307
SHAREHOLDERS' FUNDS 1,878,851 1,745,407

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2023 and were signed on its behalf by:



C C Biley - Director


Digital Quest Limited (Registered number: 04377483)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Digital Quest Limited 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.

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Digital Quest Limited (Registered number: 04377483)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 March 2022 1,265,000 38,770 10,193
Additions 3,350 708 1,550
Disposals - - -
At 28 February 2023 1,268,350 39,478 11,743
DEPRECIATION
At 1 March 2022 - 10,104 9,153
Charge for year - 5,845 477
Eliminated on disposal - - -
At 28 February 2023 - 15,949 9,630
NET BOOK VALUE
At 28 February 2023 1,268,350 23,529 2,113
At 28 February 2022 1,265,000 28,666 1,040

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2022 57,435 54,278 1,425,676
Additions 70,270 - 75,878
Disposals (57,435 ) - (57,435 )
At 28 February 2023 70,270 54,278 1,444,119
DEPRECIATION
At 1 March 2022 13,652 31,695 64,604
Charge for year 4,274 5,646 16,242
Eliminated on disposal (13,652 ) - (13,652 )
At 28 February 2023 4,274 37,341 67,194
NET BOOK VALUE
At 28 February 2023 65,996 16,937 1,376,925
At 28 February 2022 43,783 22,583 1,361,072

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 1,900 2,280
Other debtors 23,907 30,108
25,807 32,388

Digital Quest Limited (Registered number: 04377483)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Taxation and social security 47,827 32,891
Other creditors 4,961 5,701
52,788 38,592

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Dividends totalling £45,500 (2022: £40,750) were paid to the shareholder during the year.

8. ULTIMATE CONTROLLING PARTY

The controlling party is C C Biley.