Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-31098170582022-12-31true2022-01-01false33trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09817058 2022-01-01 2022-12-31 09817058 2021-01-01 2021-12-31 09817058 2022-12-31 09817058 2021-12-31 09817058 1 2022-01-01 2022-12-31 09817058 d:Director4 2022-01-01 2022-12-31 09817058 c:CurrentFinancialInstruments 2022-12-31 09817058 c:CurrentFinancialInstruments 2021-12-31 09817058 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 09817058 c:CurrentFinancialInstruments c:WithinOneYear 2021-12-31 09817058 c:ShareCapital 2022-12-31 09817058 c:ShareCapital 2021-12-31 09817058 c:RetainedEarningsAccumulatedLosses 2022-12-31 09817058 c:RetainedEarningsAccumulatedLosses 2021-12-31 09817058 d:OrdinaryShareClass1 2022-01-01 2022-12-31 09817058 d:OrdinaryShareClass1 2021-01-01 2021-12-31 09817058 d:OrdinaryShareClass1 2022-12-31 09817058 d:OrdinaryShareClass1 2021-12-31 09817058 d:FRS102 2022-01-01 2022-12-31 09817058 d:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 09817058 d:FullAccounts 2022-01-01 2022-12-31 09817058 d:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure



















Digiteka Limited

Registered number: 09817058
Information for
filing with Registrar
For the year ended 31 December 2022

 
 09817058
31 December 2022
DIGITEKA LIMITED
REGISTERED NUMBER: 09817058

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
450,969
681,982

Cash and cash equivalents
  
36,362
31,494

  
487,331
713,476

Creditors: amounts falling due within one year
 5 
(405,709)
(561,827)

Net current assets
  
 
 
81,622
 
 
151,649

Total assets less current liabilities
  
81,622
151,649

  

Net assets
  
81,622
151,649


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
81,522
151,549

Total equity
  
81,622
151,649


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


A Dridj
Director

Date: 8 April 2024

The notes on pages 2 to 7 form part of these financial statements.

- 1 -

 
 09817058
31 December 2022
DIGITEKA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Digiteka Limited is a private company limited by shares incorporated in England and Wales. The company's registered number is 09817058. The address of its registered office is Soho Works 2 Television Centre, 101 Wood Lane, London, United Kingdom, W12 7FR. 
The principal activity of the company during the year was that of an advertising agency.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements have been presented in Pound Sterling as this is the currency of the primary economic environment in which the company operates and is rounded to the nearest pound.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have made the decision to cease operations in 2023 with a view to closing the company in 2024. In light of this, the directors do not consider the going concern basis to be appropriate and these financial statements have therefore been prepared on a basis other than going concern. 

 
2.3

Turnover

Intercompany turnover represents administrative management fees as well as amounts payable for the use of the company’s streaming services. These transactions are conducted under normal market conditions.
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

- 2 -

 
 09817058
31 December 2022
DIGITEKA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.4

Foreign currency translation

Functional and presentation currency

The company's functional and presentation currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss.
All foreign exchange gains and losses are presented in the Statement of comprehensive income within 'administrative expenses'.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

- 3 -

 
 09817058
31 December 2022
DIGITEKA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.7

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable.
Financial assets
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is identified, an impairment loss is recognised in profit or loss.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and its recoverable amount, which is an estimate of the amount that the company would receive for the asset if it were to be sold at the reporting date.
Financial liabilities
Basic financial liabilities, including trade and other payables are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a rate of interest.
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payables are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transactions price and subsequently measured at amortised costs.
Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

- 4 -

 
 09817058
31 December 2022
DIGITEKA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.9

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in other creditors as a liability in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

 
2.10

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including the directors, during the year was 3 (2021: 3).

- 5 -

 
 09817058
31 December 2022
DIGITEKA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

4.


Debtors

2022
2021
£
£


Trade debtors
41,817
104,929

Amounts owed by group undertakings
386,415
529,259

Other debtors
21,958
19,737

Prepayments and accrued income
779
28,057

450,969
681,982


Amounts owed by group undertakings are unsecured, interest free and payable on demand.


5.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
50,022
98,075

Corporation tax
13,165
13,165

Other taxation and social security
3,356
20,648

Other creditors
91,537
30,396

Accruals and deferred income
247,629
399,543

405,709
561,827



- 6 -

 
 09817058
31 December 2022
DIGITEKA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

6.


Called up share capital

2022
2021
£
£
Allotted, called up and fully paid



100 (2021: 100) ordinary shares of £1 each
100
100

The company has one class of ordinary shares; each share has attached to it full voting, dividend and capital distribution rights.



7.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the year end, the company was due an amount from the fund of £404 (2021: contributions payable of  £1,619).


8.


Related party transactions

The company has taken advantage of the exemption from disclosing related party transactions undertaken between wholly owned members of the group that have been concluded under normal market conditions.


9.


Post balance sheet events

There have been no significant events affecting the company since the year end.


10.


Controlling party

The company's immediate parent company is Digiteka Technologies SAS, a company incorporated in France. The parent company's registered office address is 8, rue Bernard Buffet, 75017, Paris.
The directors believe there to be no ultimate controlling party.

- 7 -