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Registration number: 02529931

Recalldigit Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Recalldigit Limited

Contents

Director's Report

1

Profit and Loss Account

2

Statement of Comprehensive Income

3

Balance Sheet

4

Statement of Changes in Equity

5

Notes to the Unaudited Financial Statements

6 to 9

 

Recalldigit Limited

Director's Report for the Year Ended 31 March 2023

The director presents his report and the financial statements for the year ended 31 March 2023.

Director of the company

The director who held office during the year was as follows:

Graham Derek Woods

Principal activity

The principal activity of the company is continued to be that of the provision of management consultancy within the IT sector.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 30 November 2023
 

.........................................
Graham Derek Woods
Director

 

Recalldigit Limited

Profit and Loss Account for the Year Ended 31 March 2023

Note

2023
£

2022
£

Turnover

 

213,571

30,600

Cost of sales

 

(51,629)

(51,000)

Gross profit/(loss)

 

161,942

(20,400)

Administrative expenses

 

(12,247)

(16,660)

Other operating income

 

-

3,509

Operating profit/(loss)

 

149,695

(33,551)

Profit/(loss) before tax

4

149,695

(33,551)

Tax on profit/(loss)

 

(28,466)

-

Profit/(loss) for the financial year

 

121,229

(33,551)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Recalldigit Limited

Statement of Comprehensive Income for the Year Ended 31 March 2023

2023
£

2022
£

Profit/(loss) for the year

121,229

(33,551)

Total comprehensive income for the year

121,229

(33,551)

 

Recalldigit Limited

(Registration number: 02529931)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

473

631

Current assets

 

Debtors

6

101,184

63,324

Cash at bank and in hand

 

7,931

9,382

 

109,115

72,706

Creditors: Amounts falling due within one year

7

(68,660)

(53,638)

Net current assets

 

40,455

19,068

Net assets

 

40,928

19,699

Capital and reserves

 

Called up share capital

8

100

100

Profit and loss account

40,828

19,599

Shareholders' funds

 

40,928

19,699

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 30 November 2023
 

.........................................
Graham Derek Woods
Director

 

Recalldigit Limited

Statement of Changes in Equity for the Year Ended 31 March 2023

Share capital
£

Profit and loss account
£

Total
£

At 1 April 2022

100

19,599

19,699

Profit for the year

-

121,229

121,229

Total comprehensive income

-

121,229

121,229

Dividends

-

(100,000)

(100,000)

At 31 March 2023

100

40,828

40,928

Share capital
£

Profit and loss account
£

Total
£

At 1 April 2021

100

53,150

53,250

Loss for the year

-

(33,551)

(33,551)

Total comprehensive income

-

(33,551)

(33,551)

At 31 March 2022

100

19,599

19,699

 

Recalldigit Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
39 Bexton Road
Knutsford
Cheshire
WA16 0DZ
England

These financial statements were authorised for issue by the director on 30 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Computer equipment

33% straight line

Furniture and fittings

25% reducing balance

 

Recalldigit Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Profit/loss before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

158

209

 

Recalldigit Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2022

9,983

9,983

At 31 March 2023

9,983

9,983

Depreciation

At 1 April 2022

9,352

9,352

Charge for the year

158

158

At 31 March 2023

9,510

9,510

Carrying amount

At 31 March 2023

473

473

At 31 March 2022

631

631

6

Debtors

2023
£

2022
£

Other debtors

101,184

63,324

101,184

63,324

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

7

-

Taxation and social security

47,387

10,267

Accruals and deferred income

2,813

450

Other creditors

18,453

42,921

68,660

53,638

8

Share capital

Allotted, called up and fully paid shares

 

Recalldigit Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         

9

Related party transactions

Directors' remuneration

The director's remuneration for the year was as follows:

2023
£

2022
£

Remuneration

15,629

15,000

Contributions paid to money purchase schemes

36,000

36,000

51,629

51,000