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REGISTERED NUMBER: 10890964 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Conflux Digital Ltd

Conflux Digital Ltd (Registered number: 10890964)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Conflux Digital Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: M P Skelton
Ms S E Beck





REGISTERED OFFICE: West One
114 Wellington Street
Leeds
West Yorkshire
LS1 1BA





REGISTERED NUMBER: 10890964 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

Conflux Digital Ltd (Registered number: 10890964)

Statement of Financial Position
31 July 2023

31.7.23 31.7.22
Notes £    £   
FIXED ASSETS
Tangible assets 5 3,734 6,015

CURRENT ASSETS
Debtors 6 79,547 121,898
Cash at bank and in hand 68,066 395,421
147,613 517,319
CREDITORS
Amounts falling due within one year 7 (125,000 ) (377,085 )
NET CURRENT ASSETS 22,613 140,234
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,347

146,249

CREDITORS
Amounts falling due after more than one
year

8

(25,385

)

(13,475

)

PROVISIONS FOR LIABILITIES (721 ) (1,499 )
NET ASSETS 241 131,275

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 141 131,175
SHAREHOLDERS' FUNDS 241 131,275

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 Statement of Income and Retained Earnings has not been delivered.

Conflux Digital Ltd (Registered number: 10890964)

Statement of Financial Position - continued
31 July 2023



The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2023 and were signed on its behalf by:





M P Skelton - Director


Conflux Digital Ltd (Registered number: 10890964)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Conflux Digital Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Conflux Digital Ltd (Registered number: 10890964)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 August 2022 9,696
Additions 296
Disposals (159 )
At 31 July 2023 9,833
DEPRECIATION
At 1 August 2022 3,681
Charge for year 2,458
Eliminated on disposal (40 )
At 31 July 2023 6,099
NET BOOK VALUE
At 31 July 2023 3,734
At 31 July 2022 6,015

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 46,625 108,778
Amounts owed by group undertakings 20,295 -
Other debtors 2,000 -
Prepayments and Accrued income 10,627 13,120
79,547 121,898

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 24,756 4,756
Trade creditors 10,274 10,144
Amounts owed to group undertakings 112,859 264,000
Tax (30,278 ) 82,493
Social security and other taxes (5,690 ) 6,109
Other creditors 6,958 4,301
Directors' current accounts 494 182
Accrued expenses 5,627 5,100
125,000 377,085

Conflux Digital Ltd (Registered number: 10890964)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans - 1-2 years 21,422 4,756
Bank loans - 2-5 years 3,963 8,719
25,385 13,475

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Conflux Digital Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Conflux Digital Ltd for the year ended 31 July 2023 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Conflux Digital Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Conflux Digital Ltd and state those matters that we have agreed to state to the Board of Directors of Conflux Digital Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Conflux Digital Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Conflux Digital Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Conflux Digital Ltd. You consider that Conflux Digital Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Conflux Digital Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS


30 October 2023