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REGISTERED NUMBER: 03208340 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Digit Info-Tec Ltd

Digit Info-Tec Ltd (Registered number: 03208340)






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




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Digit Info-Tec Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTOR: T N S Rowe





SECRETARY: A J Rowe





REGISTERED OFFICE: 79 Higher Bore Street
Bodmin
Cornwall
PL31 1JT





REGISTERED NUMBER: 03208340 (England and Wales)





ACCOUNTANTS: Cornish Accounting Solutions Ltd
Chartered Accountants and Business Specialists
79 Higher Bore Street
Bodmin
Cornwall
PL31 1JT

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Digit Info-Tec Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Digit Info-Tec Ltd for the year ended 28 February 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Digit Info-Tec Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Digit Info-Tec Ltd and state those matters that we have agreed to state to the director of Digit Info-Tec Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Digit Info-Tec Ltd and its director for our work or for this report.

It is your duty to ensure that Digit Info-Tec Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Digit Info-Tec Ltd. You consider that Digit Info-Tec Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Digit Info-Tec Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cornish Accounting Solutions Ltd
Chartered Accountants and Business Specialists
79 Higher Bore Street
Bodmin
Cornwall
PL31 1JT


28 November 2023

Digit Info-Tec Ltd (Registered number: 03208340)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,222 5,222
Tangible assets 5 7,782 7,546
13,004 12,768

CURRENT ASSETS
Stocks 4,150 6,550
Debtors 6 247,599 212,418
Cash at bank 191,438 159,964
443,187 378,932
CREDITORS
Amounts falling due within one year 7 210,010 162,607
NET CURRENT ASSETS 233,177 216,325
TOTAL ASSETS LESS CURRENT LIABILITIES 246,181 229,093

CREDITORS
Amounts falling due after more than one year 8 (26,000 ) (33,296 )

PROVISIONS FOR LIABILITIES (1,221 ) (559 )
NET ASSETS 218,960 195,238

CAPITAL AND RESERVES
Called up share capital 5 5
Retained earnings 218,955 195,233
SHAREHOLDERS' FUNDS 218,960 195,238

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 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.

Digit Info-Tec Ltd (Registered number: 03208340)

Balance Sheet - continued
28 February 2023


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 director and authorised for issue on 28 November 2023 and were signed by:





T N S Rowe - Director


Digit Info-Tec Ltd (Registered number: 03208340)

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

1. STATUTORY INFORMATION

Digit Info-Tec 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.

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.

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.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 NIL (2022 - 2 ).

Digit Info-Tec Ltd (Registered number: 03208340)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2022
and 28 February 2023 5,222
NET BOOK VALUE
At 28 February 2023 5,222
At 28 February 2022 5,222

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 70,956
Additions 2,500
At 28 February 2023 73,456
DEPRECIATION
At 1 March 2022 63,410
Charge for year 2,264
At 28 February 2023 65,674
NET BOOK VALUE
At 28 February 2023 7,782
At 28 February 2022 7,546

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 158,373 126,584
Other debtors 89,226 85,834
247,599 212,418

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 60,923 32,176
Taxation and social security 74,529 55,252
Other creditors 74,558 75,179
210,010 162,607

Digit Info-Tec Ltd (Registered number: 03208340)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 26,000 33,296

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

2023 2022
£    £   
T N S Rowe
Balance outstanding at start of year (6,809 ) (80,739 )
Amounts advanced 45,435 121,802
Amounts repaid (3,240 ) (47,872 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 35,386 (6,809 )