Digitallandsolutions Ltd 09850158 false 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is that of the provision of digital data and technology for customers in the land management sector. Digita Accounts Production Advanced 6.30.9574.0 true 09850158 2022-11-01 2023-10-31 09850158 2023-10-31 09850158 core:CurrentFinancialInstruments 2023-10-31 09850158 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 09850158 core:FurnitureFittingsToolsEquipment 2023-10-31 09850158 bus:SmallEntities 2022-11-01 2023-10-31 09850158 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 09850158 bus:FullAccounts 2022-11-01 2023-10-31 09850158 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 09850158 bus:RegisteredOffice 2022-11-01 2023-10-31 09850158 bus:Director1 2022-11-01 2023-10-31 09850158 bus:Director3 2022-11-01 2023-10-31 09850158 bus:Director4 2022-11-01 2023-10-31 09850158 bus:Director5 2022-11-01 2023-10-31 09850158 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09850158 core:ComputerEquipment 2022-11-01 2023-10-31 09850158 core:FurnitureFittingsToolsEquipment 2022-11-01 2023-10-31 09850158 core:OfficeEquipment 2022-11-01 2023-10-31 09850158 countries:EnglandWales 2022-11-01 2023-10-31 09850158 2022-10-31 09850158 core:FurnitureFittingsToolsEquipment 2022-10-31 09850158 2021-11-01 2022-10-31 09850158 2022-10-31 09850158 core:CurrentFinancialInstruments 2022-10-31 09850158 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 09850158 core:FurnitureFittingsToolsEquipment 2022-10-31 iso4217:GBP xbrli:pure

Registration number: 09850158

Digitallandsolutions Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2023

 

Digitallandsolutions Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Digitallandsolutions Ltd

Company Information

Directors

Mr T J B Hopkin

Mr E T W Hutley

Mr P A Tilley

Mr D Geerah

Registered office

Office, 31 Cattle Market Street
Norwich
Norfolk
NR1 3DY

Accountants

Perk Accounting Ltd
Office, 31 Cattle Market Street
Norwich
Norfolk
NR1 3DY

 

Digitallandsolutions Ltd

(Registration number: 09850158)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

915

1,248

Current assets

 

Debtors

5

401,147

271,085

Cash at bank and in hand

 

36,099

92,168

 

437,246

363,253

Creditors: Amounts falling due within one year

6

(350,419)

(324,156)

Net current assets

 

86,827

39,097

Net assets

 

87,742

40,345

Capital and reserves

 

Called up share capital

16

16

Share premium reserve

1,572,387

1,572,387

Retained earnings

(1,484,661)

(1,532,058)

Shareholders' funds

 

87,742

40,345

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

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 31 July 2024 and signed on its behalf by:
 

.........................................
Mr T J B Hopkin
Director

 

Digitallandsolutions Ltd

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

1

General information

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

The address of its registered office is:
Office, 31 Cattle Market Street
Norwich
Norfolk
NR1 3DY

These financial statements were authorised for issue by the Board on 31 July 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 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 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.

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.

Tax

The tax expense for the period comprises current and deferred 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

 

Digitallandsolutions Ltd

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

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

Office equipment

25% straight line

Computer equipment

33% straight line

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2022 - 6).

 

Digitallandsolutions Ltd

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

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 November 2022

5,087

5,087

Additions

666

666

Disposals

(1,404)

(1,404)

At 31 October 2023

4,349

4,349

Depreciation

At 1 November 2022

3,839

3,839

Charge for the year

999

999

Eliminated on disposal

(1,404)

(1,404)

At 31 October 2023

3,434

3,434

Carrying amount

At 31 October 2023

915

915

At 31 October 2022

1,248

1,248

5

Debtors

Current

2023
£

2022
£

Trade debtors

51,626

106,126

Prepayments

23,290

9,382

Other debtors

326,231

155,577

 

401,147

271,085

 

Digitallandsolutions Ltd

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

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

144,525

163,133

Taxation and social security

16,967

13,712

Accruals and deferred income

25,000

13,751

Other creditors

163,927

133,560

350,419

324,156