Dzines Digital Ltd 10051032 true 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is Web designer Digita Accounts Production Advanced 6.30.9574.0 true true 10051032 2023-02-01 2024-01-31 10051032 2024-01-31 10051032 bus:OrdinaryShareClass1 2024-01-31 10051032 core:CurrentFinancialInstruments 2024-01-31 10051032 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 10051032 core:FurnitureFittingsToolsEquipment 2024-01-31 10051032 bus:SmallEntities 2023-02-01 2024-01-31 10051032 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 10051032 bus:FilletedAccounts 2023-02-01 2024-01-31 10051032 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 10051032 bus:RegisteredOffice 2023-02-01 2024-01-31 10051032 bus:Director1 2023-02-01 2024-01-31 10051032 bus:Director2 2023-02-01 2024-01-31 10051032 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 10051032 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2023-02-01 2024-01-31 10051032 bus:EntityHasNeverTraded 2023-02-01 2024-01-31 10051032 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10051032 core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 10051032 countries:England 2023-02-01 2024-01-31 10051032 2023-01-31 10051032 core:FurnitureFittingsToolsEquipment 2023-01-31 10051032 2022-02-01 2023-01-31 10051032 2023-01-31 10051032 bus:OrdinaryShareClass1 2023-01-31 10051032 core:CurrentFinancialInstruments 2023-01-31 10051032 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 10051032 core:FurnitureFittingsToolsEquipment 2023-01-31 10051032 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10051032

Dzines Digital Ltd

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 January 2024

 

Dzines Digital Ltd

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 8

 

Dzines Digital Ltd

Company Information

Directors

Mr Tony Wingfield

Mrs Helen Wingfield

Registered office

3RD Floor The Workshop
32-40 Tontine Street
Folkestone
CT20 1JU

Accountants

Stones Accountancy Limited
Chartered
5 North Court
Armstrong Road
Maidstone
Kent
ME15 6JZ

 

Dzines Digital Ltd

(Registration number: 10051032)
Abridged Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,661

503

Current assets

 

Debtors

5

3,321

4,190

Cash at bank and in hand

 

17,381

15,862

 

20,702

20,052

Creditors: Amounts falling due within one year

(11,236)

(8,403)

Net current assets

 

9,466

11,649

Total assets less current liabilities

 

11,127

12,152

Accruals and deferred income

 

(1,999)

(3,014)

Net assets

 

9,128

9,138

Capital and reserves

 

Called up share capital

6

2

1

Retained earnings

9,126

9,137

Shareholders' funds

 

9,128

9,138

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' 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 directors acknowledge their 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 April 2024 and signed on its behalf by:
 

 

Dzines Digital Ltd

(Registration number: 10051032)
Abridged Balance Sheet as at 31 January 2024

.........................................
Mr Tony Wingfield
Director

 

Dzines Digital Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

1

General information

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

The address of its registered office is:
3RD Floor The Workshop
32-40 Tontine Street
Folkestone
CT20 1JU
United Kingdom

These financial statements were authorised for issue by the Board on 17 April 2024.

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 abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged 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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

 

Dzines Digital Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

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:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

 

Dzines Digital Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 February 2023

629

629

Additions

1,573

1,573

At 31 January 2024

2,202

2,202

Depreciation

At 1 February 2023

126

126

Charge for the year

415

415

At 31 January 2024

541

541

Carrying amount

At 31 January 2024

1,661

1,661

At 31 January 2023

503

503

5

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

       

7

Dividends

Interim dividends paid

 

Dzines Digital Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

2024
£

2023
£

Interim dividend of £19,000.00 (2023 - £16,000.00) per each Ordinary £1

38,000

16,000

 

 

8

Related party transactions

 

Dzines Digital Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

26,283

21,985

Contributions paid to money purchase schemes

4,293

3,917

30,576

25,902