Company registration number 08780271 (England and Wales)
6B DIGITAL LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
6B DIGITAL LTD
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 7
6B DIGITAL LTD
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
689
9,790
Tangible assets
4
250,482
262,273
251,171
272,063
Current assets
Debtors
5
347,217
588,536
Cash at bank and in hand
183,552
458,212
530,769
1,046,748
Creditors: amounts falling due within one year
6
(362,744)
(559,257)
Net current assets
168,025
487,491
Total assets less current liabilities
419,196
759,554
Provisions for liabilities
(6,000)
(6,000)
Net assets
413,196
753,554
Capital and reserves
Called up share capital
98
98
Capital redemption reserve
6
6
Profit and loss reserves
413,092
753,450
Total equity
413,196
753,554

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

6B DIGITAL LTD
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2023
31 December 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 6 August 2024 and are signed on its behalf by:
K Brown
P Brown
Director
Director
Company registration number 08780271 (England and Wales)
6B DIGITAL LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
Share capital
Capital redemption reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 January 2022
104
-
0
1,000,665
1,000,769
Year ended 31 December 2022:
Loss and total comprehensive income
-
-
(123,045)
(123,045)
Dividends
-
-
(91,670)
(91,670)
Own shares acquired
-
-
(32,500)
(32,500)
Redemption of shares
-
0
6
-
0
6
Reduction of shares
(6)
-
-
0
(6)
Balance at 31 December 2022
98
6
753,450
753,554
Year ended 31 December 2023:
Loss and total comprehensive income
-
-
(169,777)
(169,777)
Dividends
-
-
(170,581)
(170,581)
Balance at 31 December 2023
98
6
413,092
413,196
6B DIGITAL LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
1
Accounting policies
Company information

6B Digital Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 1 Paragon Business Park, The Office Campus, Red Hall Court, Wakefield, West Yorkshire, United Kingdom, WF1 2UY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable and is shown net of VAT, discounts, rebates and other sales related taxes.

1.3
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

1.4
Intangible fixed assets - goodwill

Goodwill being the amount paid in connection with the acquisition of a business in 2019 is being amortised over its estimated useful life of 5 years.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
not provided
Fixtures and fittings
20% on cost
Computers
33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

6B DIGITAL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 5 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Government grants

Government grants are recognised as received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

1.9
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
38
38
6B DIGITAL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 6 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2023 and 31 December 2023
55,506
Amortisation and impairment
At 1 January 2023
45,716
Amortisation charged for the year
9,101
At 31 December 2023
54,817
Carrying amount
At 31 December 2023
689
At 31 December 2022
9,790
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 January 2023
227,932
103,634
331,566
Additions
-
0
9,462
9,462
At 31 December 2023
227,932
113,096
341,028
Depreciation and impairment
At 1 January 2023
-
0
69,293
69,293
Depreciation charged in the year
-
0
21,253
21,253
At 31 December 2023
-
0
90,546
90,546
Carrying amount
At 31 December 2023
227,932
22,550
250,482
At 31 December 2022
227,932
34,341
262,273
6B DIGITAL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 7 -
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
218,507
398,335
Corporation tax recoverable
88,396
184,527
Other debtors
40,314
5,674
347,217
588,536
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
1,051
1,018
Trade creditors
129,531
111,402
Taxation and social security
150,462
145,315
Other creditors
81,700
301,522
362,744
559,257
7
Directors' transactions

Included within other debtors is an amount owed from the directors of £349 (2022 - £2,648)

2023-12-312023-01-01false06 August 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityK BrownP Brownfalsefalse087802712023-01-012023-12-31087802712023-12-31087802712022-12-3108780271core:NetGoodwill2023-12-3108780271core:NetGoodwill2022-12-3108780271core:LandBuildings2023-12-3108780271core:OtherPropertyPlantEquipment2023-12-3108780271core:LandBuildings2022-12-3108780271core:OtherPropertyPlantEquipment2022-12-3108780271core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3108780271core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3108780271core:CurrentFinancialInstruments2023-12-3108780271core:CurrentFinancialInstruments2022-12-3108780271core:ShareCapital2023-12-3108780271core:ShareCapital2022-12-3108780271core:CapitalRedemptionReserve2023-12-3108780271core:CapitalRedemptionReserve2022-12-3108780271core:RetainedEarningsAccumulatedLosses2023-12-3108780271core:RetainedEarningsAccumulatedLosses2022-12-3108780271core:ShareCapital2021-12-3108780271core:CapitalRedemptionReserve2021-12-3108780271core:RetainedEarningsAccumulatedLosses2021-12-3108780271bus:Director12023-01-012023-12-3108780271bus:Director22023-01-012023-12-3108780271core:RetainedEarningsAccumulatedLosses2022-01-012022-12-31087802712022-01-012022-12-3108780271core:RetainedEarningsAccumulatedLosses2023-01-012023-12-3108780271core:ShareCapital2022-01-012022-12-3108780271core:Goodwill2023-01-012023-12-3108780271core:LandBuildingscore:OwnedOrFreeholdAssets2023-01-012023-12-3108780271core:FurnitureFittings2023-01-012023-12-3108780271core:ComputerEquipment2023-01-012023-12-3108780271core:NetGoodwill2022-12-3108780271core:NetGoodwill2023-01-012023-12-3108780271core:LandBuildings2022-12-3108780271core:OtherPropertyPlantEquipment2022-12-31087802712022-12-3108780271core:LandBuildings2023-01-012023-12-3108780271core:OtherPropertyPlantEquipment2023-01-012023-12-3108780271core:WithinOneYear2023-12-3108780271core:WithinOneYear2022-12-3108780271bus:PrivateLimitedCompanyLtd2023-01-012023-12-3108780271bus:SmallCompaniesRegimeForAccounts2023-01-012023-12-3108780271bus:FRS1022023-01-012023-12-3108780271bus:AuditExemptWithAccountantsReport2023-01-012023-12-3108780271bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP