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REGISTERED NUMBER: 06649234 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

DIGITAL VORTECHS LIMITED

DIGITAL VORTECHS LIMITED (REGISTERED NUMBER: 06649234)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DIGITAL VORTECHS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: J A Longeretta
J D Eichelberger





SECRETARY: J D Eichelberger





REGISTERED OFFICE: Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL





REGISTERED NUMBER: 06649234 (England and Wales)





ACCOUNTANTS: RJP LLP
Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL

DIGITAL VORTECHS LIMITED (REGISTERED NUMBER: 06649234)

BALANCE SHEET
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 95,842 -

CURRENT ASSETS
Debtors 5 49,934 42,322
Cash at bank 34,069 25,220
84,003 67,542
CREDITORS
Amounts falling due within one year 6 195,846 99,391
NET CURRENT LIABILITIES (111,843 ) (31,849 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(16,001

)

(31,849

)

CAPITAL AND RESERVES
Called up share capital 7 3 3
Retained earnings (16,004 ) (31,852 )
SHAREHOLDERS' FUNDS (16,001 ) (31,849 )

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

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

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

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 8 April 2024 and were signed on its behalf by:





J D Eichelberger - Director


DIGITAL VORTECHS LIMITED (REGISTERED NUMBER: 06649234)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Digital Vortechs Limited 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 represents invoiced sales of Avid rental and support system services, net of Value Added Tax. Avid rental and support system services are recognised as turnover in the period that they are provided.

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 etc - 33.33% on cost

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 10,450
Additions 118,843
At 31 July 2023 129,293
DEPRECIATION
At 1 August 2022 10,450
Charge for year 23,001
At 31 July 2023 33,451
NET BOOK VALUE
At 31 July 2023 95,842

DIGITAL VORTECHS LIMITED (REGISTERED NUMBER: 06649234)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 49,921 42,309
Other debtors 13 13
49,934 42,322

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 1,067 2,472
Taxation and social security 7,482 11,736
Other creditors 187,297 85,183
195,846 99,391

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
3 Ordinary £1 3 3