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REGISTERED NUMBER: 14853448 (England and Wales)















DIGITAL GAMBIT LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

8 MAY 2023 TO 31 DECEMBER 2023






DIGITAL GAMBIT LTD (REGISTERED NUMBER: 14853448)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 8 MAY 2023 TO 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 4


DIGITAL GAMBIT LTD

COMPANY INFORMATION
FOR THE PERIOD 8 MAY 2023 TO 31 DECEMBER 2023







DIRECTORS: D P Marksteiner
Mrs J S Hardy



REGISTERED OFFICE: 167-169 Great Portland Street
5th Floor
London
W1W 5PF



REGISTERED NUMBER: 14853448 (England and Wales)



ACCOUNTANTS: Duncan & Toplis Limited
3 Castlegate
Grantham
Lincolnshire
NG31 6SF



BANKERS: HSBC Bank plc
PO Box 1EZ
196 Oxford Street
London
W1D 1NT

DIGITAL GAMBIT LTD (REGISTERED NUMBER: 14853448)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 5,101

CURRENT ASSETS
Debtors 5 5,415
Cash at bank 17,194
22,609
CREDITORS: AMOUNTS FALLING DUE WITHIN
ONE YEAR

6

14,627
NET CURRENT ASSETS 7,982
TOTAL ASSETS LESS CURRENT LIABILITIES 13,083

PROVISIONS FOR LIABILITIES 969
NET ASSETS 12,114

CAPITAL AND RESERVES
Called up share capital 7 900
Retained earnings 11,214
SHAREHOLDERS' FUNDS 12,114

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 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 21 February 2024 and were signed on its behalf by:





Mrs J S Hardy - Director


DIGITAL GAMBIT LTD (REGISTERED NUMBER: 14853448)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 8 MAY 2023 TO 31 DECEMBER 2023

1. STATUTORY INFORMATION

Digital Gambit 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 represents the fair value of consideration received for the provision of digital support services. Revenue is recongnised in the period in which the services are provided.

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 - 20% on reducing balance and Straight line over 3 years

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.
Tangible fixed assets are held at cost less accumulated depreciation.

Taxation
Taxation for the period 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

DIGITAL GAMBIT LTD (REGISTERED NUMBER: 14853448)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 8 MAY 2023 TO 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
Additions 500 7,052 7,552
At 31 December 2023 500 7,052 7,552
DEPRECIATION
Charge for period 100 2,351 2,451
At 31 December 2023 100 2,351 2,451
NET BOOK VALUE
At 31 December 2023 400 4,701 5,101

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 4,968
Prepayments 447
5,415

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation 1,788
VAT 2,567
Directors' current accounts 8,272
Accruals and deferred income 2,000
14,627

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
900 Ordinary 1 900

8. POST BALANCE SHEET EVENTS

Subsequent to the year end, dividends of £6,000 were declared by the directors.