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REGISTERED NUMBER: 05617372 (England and Wales)





FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2023

FOR

DIGGA LIMITED

DIGGA LIMITED (REGISTERED NUMBER: 05617372)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DIGGA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DIRECTORS: S J Wright
A B Wade
Ms Z A R Davies



SECRETARY: S J Wright



REGISTERED OFFICE: 25 St Thomas Street
Winchester
Hampshire
SO23 9HJ



REGISTERED NUMBER: 05617372 (England and Wales)



AUDITORS: Martin and Company Audit Limited
Chartered Accountants
and Statutory Auditors
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ



BANKERS: HSBC Bank Plc
58 High Street
Winchester
Hampshire
SO23 9BZ

DIGGA LIMITED (REGISTERED NUMBER: 05617372)

BALANCE SHEET
30TH JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 100,357 100,088

CURRENT ASSETS
Stocks 1,357,650 1,391,419
Debtors 5 388,589 525,350
Cash at bank and in hand 668,204 505,640
2,414,443 2,422,409
CREDITORS
Amounts falling due within one year 6 592,716 873,441
NET CURRENT ASSETS 1,821,727 1,548,968
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,922,084

1,649,056

PROVISIONS FOR LIABILITIES 19,725 14,679
NET ASSETS 1,902,359 1,634,377

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,901,359 1,633,377
SHAREHOLDERS' FUNDS 1,902,359 1,634,377

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 23rd January 2024 and were signed on its behalf by:





Ms Z A R Davies - Director


DIGGA LIMITED (REGISTERED NUMBER: 05617372)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023


1. STATUTORY INFORMATION

Digga 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 33.33% on cost

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

DIGGA LIMITED (REGISTERED NUMBER: 05617372)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


2. ACCOUNTING POLICIES - continued

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 10 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st July 2022 194,830 20,904 74,311 31,591 321,636
Additions 22,800 - - 1,102 23,902
At 30th June 2023 217,630 20,904 74,311 32,693 345,538
DEPRECIATION
At 1st July 2022 137,003 12,636 40,912 30,997 221,548
Charge for year 14,104 1,242 7,978 309 23,633
At 30th June 2023 151,107 13,878 48,890 31,306 245,181
NET BOOK VALUE
At 30th June 2023 66,523 7,026 25,421 1,387 100,357
At 30th June 2022 57,827 8,268 33,399 594 100,088

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 309,577 416,648
Other debtors - 22,800
VAT 13,039 26,857
Prepayments 65,973 59,045
388,589 525,350

DIGGA LIMITED (REGISTERED NUMBER: 05617372)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 89,252 186,753
Tax 15,787 14,288
Social security and other taxes 7,933 6,508
Other creditors 6,561 4,101
Amounts owed to group companies 442,866 616,573
Accrued expenses 30,317 45,218
592,716 873,441

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 43,553 65,466
Between one and five years - 43,553
43,553 109,019

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Barr FCA (Senior Statutory Auditor)
for and on behalf of Martin and Company Audit Limited

9. PENSION COMMITMENTS

The company operates a defined contribution pension scheme for all employees. The assets of the scheme are held separately from those of the company in an independently administered fund. During the year the company made contributions to the pension scheme amounting to £7,162 (2022: £8,020). At the balance sheet date, unpaid contributions of £355 (2022: £313) were due to the fund. These are included in other creditors.

10. RELATED PARTY DISCLOSURES

The company is a 100% subsidiary of Digga Australia Pty Ltd and is included in the consolidated financial statements of that company. The address of the registered office of Digga Australia Pty Ltd is 4 Octal Street, Yatala, QLD 4207, Australia.

The company is exempt from disclosing related party transactions with other 100% owned members of the group headed by Digga Australia Pty Ltd by virtue of FRS102 section 33.1A.