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REGISTERED NUMBER: 09574591 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Digital Division Ltd

Digital Division Ltd (Registered number: 09574591)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Digital Division Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Mr D V Carroll
Mr F J Linkleter
Mr J F E Salmon



REGISTERED OFFICE: 19 Albion Street
Hull
East Yorkshire
HU1 3TG



REGISTERED NUMBER: 09574591 (England and Wales)



ACCOUNTANTS: 360 Accountants Limited
18-19 Albion Street
Hull
East Yorkshire
HU1 3TG



BANKERS: Lloyds Bank
4 Oriel House
Birmingham
B26 3JW

Digital Division Ltd (Registered number: 09574591)

Abridged Balance Sheet
31 May 2023

31/5/23 31/5/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 26,000 28,000
Tangible assets 5 35,023 13,829
61,023 41,829

CURRENT ASSETS
Debtors 182,076 195,866
Cash at bank 513,243 769,959
695,319 965,825
CREDITORS
Amounts falling due within one year 81,710 154,039
NET CURRENT ASSETS 613,609 811,786
TOTAL ASSETS LESS CURRENT
LIABILITIES

674,632

853,615

CREDITORS
Amounts falling due after more than one
year

69,333

95,333
NET ASSETS 605,299 758,282

CAPITAL AND RESERVES
Called up share capital 8 3 3
Share premium 50,000 50,000
Retained earnings 555,296 708,279
SHAREHOLDERS' FUNDS 605,299 758,282

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

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

Digital Division Ltd (Registered number: 09574591)

Abridged Balance Sheet - continued
31 May 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 5 February 2024 and were signed on its behalf by:




Mr F J Linkleter - Director Mr D V Carroll - Director




Mr J F E Salmon - Director


Digital Division Ltd (Registered number: 09574591)

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

1. STATUTORY INFORMATION

Digital Division 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of fifteen years.

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 - 33% on cost
Computer equipment - 33% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Digital Division Ltd (Registered number: 09574591)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022
and 31 May 2023 30,000
AMORTISATION
At 1 June 2022 2,000
Amortisation for year 2,000
At 31 May 2023 4,000
NET BOOK VALUE

At 31 May 2023 26,000
At 31 May 2022 28,000

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022 27,695
Additions 33,440
At 31 May 2023 61,135
DEPRECIATION
At 1 June 2022 13,866
Charge for year 12,246
At 31 May 2023 26,112
NET BOOK VALUE
At 31 May 2023 35,023
At 31 May 2022 13,829

6. LOANS

An analysis of the maturity of loans is given below:

31/5/23 31/5/22
£    £   
Amounts falling due within one year or on demand:
Bank loans 26,000 26,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 26,000 26,000

Digital Division Ltd (Registered number: 09574591)

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

6. LOANS - continued
31/5/23 31/5/22
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 43,333 69,333

7. SECURED DEBTS

The following secured debts are included within creditors:

31/5/23 31/5/22
£    £   
Bank loans 95,333 121,333

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/5/23 31/5/22
value: £    £   
2,500 Ordinary £0.00 1 3 3

9. ULTIMATE CONTROLLING PARTY

In the opinion of the director there is no one ultimate controlling party.