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Company Registration No. SC517943 (Scotland)
Digital Punx Ltd Unaudited accounts for the year ended 31 October 2023
Digital Punx Ltd Unaudited accounts Contents
Page
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Digital Punx Ltd Company Information for the year ended 31 October 2023
Director
Craig Dunbar
Company Number
SC517943 (Scotland)
Registered Office
272 BATH STREET GLASGOW G2 4JR SCOTLAND
Accountants
Calculo Ltd Red Tree Magenta 270 Glasgow Road Glasgow G73 1SA
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Digital Punx Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Cash at bank and in hand
2 
2 
Net current assets
2 
2 
Net assets
2 
2 
Capital and reserves
Called up share capital
2 
2 
Shareholders' funds
2 
2 
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 January 2024 and were signed on its behalf by
Craig Dunbar Director Company Registration No. SC517943
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Digital Punx Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Digital Punx Ltd is a private company, limited by shares, registered in Scotland, registration number SC517943. The registered office is 272 BATH STREET, GLASGOW, G2 4JR, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Going concern
The COVID-19 pandemic has developed rapidly in 2020, with a significant number of cases. Measures taken by various governments to contain the virus have affected economic activity. We have taken a number of measures to monitor and mitigate the effects of COVID-19, such as safety and health measures for our people (such as social distancing and working from home) and securing the supply of materials that are essential to our service delivery. At this stage, the impact on our business and results has not been significant and results have in fact been positive. As we operate in the IT sector we have found increased demand for our services and expect this to continue. We will continue to follow the various government policies and advice and, in parallel, we will do our utmost to continue our operations in the best and safest way possible without jeopardising the health of our people. Even if, at this moment, no uncertainty about the entity's ability to continue as a going concern is identified, this can change at short notice and we have prioritised our liquidity position and growth in working capital within our financial KPI's to mitigate the risks.
4
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
5
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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