Silverfin false false 31/10/2023 01/11/2022 31/10/2023 Oliver Ody 02/10/2019 Emily Shaw 02/10/2019 30 July 2024 The principal activity of the Company during the financial year was that of digital consultancy. 12238117 2023-10-31 12238117 bus:Director1 2023-10-31 12238117 bus:Director2 2023-10-31 12238117 2022-10-31 12238117 core:CurrentFinancialInstruments 2023-10-31 12238117 core:CurrentFinancialInstruments 2022-10-31 12238117 core:ShareCapital 2023-10-31 12238117 core:ShareCapital 2022-10-31 12238117 core:RetainedEarningsAccumulatedLosses 2023-10-31 12238117 core:RetainedEarningsAccumulatedLosses 2022-10-31 12238117 core:FurnitureFittings 2022-10-31 12238117 core:ComputerEquipment 2022-10-31 12238117 core:FurnitureFittings 2023-10-31 12238117 core:ComputerEquipment 2023-10-31 12238117 bus:OrdinaryShareClass1 2023-10-31 12238117 2022-11-01 2023-10-31 12238117 bus:FilletedAccounts 2022-11-01 2023-10-31 12238117 bus:SmallEntities 2022-11-01 2023-10-31 12238117 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 12238117 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12238117 bus:Director1 2022-11-01 2023-10-31 12238117 bus:Director2 2022-11-01 2023-10-31 12238117 core:FurnitureFittings core:TopRangeValue 2022-11-01 2023-10-31 12238117 core:ComputerEquipment core:TopRangeValue 2022-11-01 2023-10-31 12238117 2021-11-01 2022-10-31 12238117 core:FurnitureFittings 2022-11-01 2023-10-31 12238117 core:ComputerEquipment 2022-11-01 2023-10-31 12238117 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 12238117 bus:OrdinaryShareClass1 2021-11-01 2022-10-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 12238117 (England and Wales)

TRIBE DIGITAL CONSULTING LTD

Unaudited Financial Statements
For the financial year ended 31 October 2023
Pages for filing with the registrar

TRIBE DIGITAL CONSULTING LTD

Unaudited Financial Statements

For the financial year ended 31 October 2023

Contents

TRIBE DIGITAL CONSULTING LTD

STATEMENT OF FINANCIAL POSITION

As at 31 October 2023
TRIBE DIGITAL CONSULTING LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 October 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 9,190 13,432
9,190 13,432
Current assets
Debtors 4 38,935 41,576
Cash at bank and in hand 108,402 168,016
147,337 209,592
Creditors: amounts falling due within one year 5 ( 119,237) ( 146,402)
Net current assets 28,100 63,190
Total assets less current liabilities 37,290 76,622
Net assets 37,290 76,622
Capital and reserves
Called-up share capital 6 10 10
Profit and loss account 37,280 76,612
Total shareholders' funds 37,290 76,622

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 financial statements of Tribe Digital Consulting Ltd (registered number: 12238117) were approved and authorised for issue by the Board of Directors on 30 July 2024. They were signed on its behalf by:

Emily Shaw
Director
TRIBE DIGITAL CONSULTING LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
TRIBE DIGITAL CONSULTING LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Tribe Digital Consulting Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 9 Southernhay West, Exeter, EX1 1JG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line/reducing balance] basis over its expected useful life, as follows:

[Input type of fixed asset and rate of depreciation]

Fixtures and fittings 4 years straight line
Computer equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 11 11

3. Tangible assets

Fixtures and fittings Computer equipment Total
£ £ £
Cost
At 01 November 2022 7,325 13,761 21,086
Additions 0 1,236 1,236
At 31 October 2023 7,325 14,997 22,322
Accumulated depreciation
At 01 November 2022 2,106 5,548 7,654
Charge for the financial year 1,832 3,646 5,478
At 31 October 2023 3,938 9,194 13,132
Net book value
At 31 October 2023 3,387 5,803 9,190
At 31 October 2022 5,219 8,213 13,432

4. Debtors

2023 2022
£ £
Trade debtors 34,270 39,910
Prepayments 4,665 1,666
38,935 41,576

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 6,033 710
Amounts owed to directors 30,169 28,526
Accruals and deferred income 1,250 7,944
Taxation and social security 80,843 107,963
Other creditors 942 1,259
119,237 146,402

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
1,000,000 Ordinary shares of £ 0.00001 each 10 10

7. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Directors 30,169 28,526