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REGISTERED NUMBER: 07210565 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

Diztinct Limited

Diztinct Limited (Registered number: 07210565)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Diztinct Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: P W McKeith
Mrs N S McKeith





REGISTERED OFFICE: 6 Evetts Drive
Faversham Lakes
Faversham
Kent
ME13 7UY





REGISTERED NUMBER: 07210565 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

Diztinct Limited (Registered number: 07210565)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,436 4,645

CURRENT ASSETS
Debtors 5 37,954 28,283
Cash at bank and in hand 2,825 15,746
40,779 44,029
CREDITORS
Amounts falling due within one year 6 33,538 33,168
NET CURRENT ASSETS 7,241 10,861
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,677

15,506

CREDITORS
Amounts falling due after more than one year 7 (9,002 ) (13,002 )

PROVISIONS FOR LIABILITIES (859 ) (883 )
NET ASSETS 816 1,621

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 716 1,521
SHAREHOLDERS' FUNDS 816 1,621

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Diztinct Limited (Registered number: 07210565)

Balance Sheet - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 December 2023 and were signed on its behalf by:





P W McKeith - Director


Diztinct Limited (Registered number: 07210565)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Diztinct 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 represents net invoiced sales of services, excluding value added tax. Turnover in respect of service contracts is recognised when the company obtains the right to receive consideration for services provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance and 25% on cost
Computer equipment - 33% on cost

Financial instruments
Basic financial instruments are recognised at amortised costs. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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

Diztinct Limited (Registered number: 07210565)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 1,011 34,277 4,025 39,313
Additions - - 233 233
At 31 March 2023 1,011 34,277 4,258 39,546
DEPRECIATION
At 1 April 2022 1,011 29,902 3,755 34,668
Charge for year - 1,094 348 1,442
At 31 March 2023 1,011 30,996 4,103 36,110
NET BOOK VALUE
At 31 March 2023 - 3,281 155 3,436
At 31 March 2022 - 4,375 270 4,645

5. DEBTORS
31.3.23 31.3.22
£    £   
Amounts falling due within one year:
Trade debtors 10,187 7,125
Other debtors 24,396 17,787
34,583 24,912

Amounts falling due after more than one year:
Other debtors 3,371 3,371

Aggregate amounts 37,954 28,283

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 4,000 4,000
Trade creditors 2,681 6,012
Taxation and social security 12,305 20,908
Other creditors 14,552 2,248
33,538 33,168

Diztinct Limited (Registered number: 07210565)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 9,002 13,002

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
P W McKeith
Balance outstanding at start of year 8,799 11,841
Amounts advanced 53,306 53,701
Amounts repaid (48,140 ) (56,743 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,965 8,799

Interest is charged at the official rate on overdrawn loan accounts.