Registered number
14631861
Digital Ocean Games Ltd
Filleted Accounts
31 March 2024
Digital Ocean Games Ltd
Registered number: 14631861
Balance Sheet
as at 31 March 2024
Notes 2024
£
Fixed assets
Tangible assets 3 1,428
Current assets
Cash at bank and in hand 44,681
Creditors: amounts falling due within one year 4 (46,084)
Net current liabilities (1,403)
Net assets 25
Capital and reserves
Profit and loss account 25
Shareholder's funds 25
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
…...............................................
Director
Approved by the board on 15 April 2024
Digital Ocean Games Ltd
Notes to the Accounts
for the period from 1 February 2023 to 31 March 2024
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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 25% Reducing Balance
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024
Number
Average number of persons employed by the company 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 1,904
At 31 March 2024 1,904
Depreciation
Charge for the period 476
At 31 March 2024 476
Net book value
At 31 March 2024 1,428
4 Creditors: amounts falling due within one year 2024
£
Director's account 40,807
Taxation and social security costs 4,316
Other creditors 961
46,084
5 Other information
Digital Ocean Games Ltd is a private company limited by shares and incorporated in England. Its registered office is:
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
Digital Ocean Games Ltd 14631861 false 2023-02-01 2024-03-31 2024-03-31 VT Final Accounts October 2023 …............................................... No description of principal activity 14631861 2023-02-01 2024-03-31 14631861 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-03-31 14631861 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-03-31 14631861 bus:Director40 2023-02-01 2024-03-31 14631861 countries:England 2023-02-01 2024-03-31 14631861 bus:FRS102 2023-02-01 2024-03-31 14631861 bus:FullAccounts 2023-02-01 2024-03-31 14631861 2024-03-31 14631861 core:WithinOneYear 2024-03-31 14631861 core:RetainedEarningsAccumulatedLosses 2024-03-31 14631861 2023-01-31 iso4217:GBP xbrli:pure