Registered number
08180584
Digby Edwards Limited
Filleted Accounts
31 December 2023
Digby Edwards Limited
Registered number: 08180584
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 11,114 8,643
Current assets
Debtors 4 314 1,004
Cash at bank and in hand 11,118 16,547
11,432 17,551
Creditors: amounts falling due within one year 5 (6,936) (3,389)
Net current assets 4,496 14,162
Total assets less current liabilities 15,610 22,805
Provisions for liabilities (2,112) (1,642)
Net assets 13,498 21,163
Capital and reserves
Called up share capital 100 100
Profit and loss account 13,398 21,063
Shareholders' funds 13,498 21,163
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Thomas Crowfoot
Director
Approved by the board on 14 February 2024
Digby Edwards Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 4 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 14,948
Additions 7,708
At 31 December 2023 22,656
Depreciation
At 1 January 2023 6,305
Charge for the year 5,237
At 31 December 2023 11,542
Net book value
At 31 December 2023 11,114
At 31 December 2022 8,643
4 Debtors 2023 2022
£ £
Trade debtors 314 1,004
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 1,366 1,735
Director's loan account 4,921 1,004
Other creditors 649 650
6,936 3,389
6 Related party transactions
Thomas Crowfoot received dividends of £13,356 (2022: £6,000) from the company. At the year end the company owed Thomas Crowfoot £4,921 (2022: £1,004).
7 Controlling party
There is no controlling party in the company.
8 Other information
Digby Edwards Limited is a private company limited by shares and incorporated in England. Its registered office is:
50 Sandringham Avenue
Wimbledon Chase
LONDON
SW20 8JY
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