2022-04-012023-03-312023-03-31false05382151DIGITEC SOLUTIONS 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DIGITEC SOLUTIONS LIMITED

Registered Number
05382151
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

DIGITEC SOLUTIONS LIMITED
Company Information
for the year from 1 April 2022 to 31 March 2023

Director

Samir Hodzic

Registered Address

18 Devonshire Crescent
London
NW7 1DN

Registered Number

05382151 (England and Wales)
DIGITEC SOLUTIONS LIMITED
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets510,99715,399
10,99715,399
Current assets
Debtors71,1802,920
Cash at bank and on hand45,52640,320
46,70643,240
Creditors amounts falling due within one year8(34,571)(33,118)
Net current assets (liabilities)12,13510,122
Total assets less current liabilities23,13225,521
Net assets23,13225,521
Capital and reserves
Called up share capital100100
Profit and loss account23,03225,421
Shareholders' funds23,13225,521
The financial statements were approved and authorised for issue by the Director on 20 October 2023, and are signed on its behalf by:
Samir Hodzic
Director
Registered Company No. 05382151
DIGITEC SOLUTIONS LIMITED
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
Digitec Solutions 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. The presentation currency of the financial statements is the Pound Sterling (£).
2.Compliance with applicable reporting framework
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
3.Accounting policies
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Property, plant and equipment policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery - 33.33% on cost Motor vehicles - 25% reducing balance
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Taxation policy
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.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
4.Employee information

20232022
Average number of employees during the year11
5.Property, plant and equipment

Total

£
Cost or valuation
At 01 April 2261,292
Additions997
At 31 March 2362,289
Depreciation and impairment
At 01 April 2245,893
Charge for year5,399
At 31 March 2351,292
Net book value
At 31 March 2310,997
At 31 March 2215,399
6.Description of nature of transactions and balances with related parties
Included in creditors is £22,490 (2022: £19,233) due to Mr S Hodzic, the director of the company. There are no terms set as to repayment of this balance.
7.Debtors

2023

2022

££
Trade debtors / trade receivables5402,018
Other debtors99139
Prepayments and accrued income (Non-current)541763
Total1,1802,920
8.Creditors within one year

2023

2022

££
Trade creditors / trade payables9456,478
Amounts owed to related parties22,49019,233
Taxation and social security2,129592
Other creditors6,8156,815
Accrued liabilities and deferred income2,192-
Total34,57133,118