Company Registration No. 14867801 (England and Wales)
Digicool Ltd
Unaudited accounts
for the period from 15 May 2023 to 31 May 2024
Digicool Ltd
Unaudited accounts
Contents
Digicool Ltd
Company Information
for the period from 15 May 2023 to 31 May 2024
Company Number
14867801 (England and Wales)
Registered Office
School Master's House
39 College Street
Petersfield
GU31 4AG
England
Accountants
Newnham & Son Ltd
School Master's House
39 College Street
Petersfield
Hampshire
GU31 4AG
Digicool Ltd
Statement of financial position
as at 31 May 2024
Cash at bank and in hand
46,596
Creditors: amounts falling due within one year
(55,201)
Profit and loss account
68,468
Shareholders' funds
68,469
For the period ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 July 2024 and were signed on its behalf by
R A Beckman
Director
Company Registration No. 14867801
Digicool Ltd
Notes to the Accounts
for the period from 15 May 2023 to 31 May 2024
Digicool Ltd is a private company, limited by shares, registered in England and Wales, registration number 14867801. The registered office is School Master's House, 39 College Street, Petersfield, GU31 4AG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
Additions
12,108
51,719
63,827
At 31 May 2024
12,108
51,719
63,827
Charge for the period
3,027
12,930
15,957
At 31 May 2024
3,027
12,930
15,957
At 31 May 2024
9,081
38,789
47,870
Digicool Ltd
Notes to the Accounts
for the period from 15 May 2023 to 31 May 2024
Amounts falling due within one year
Accrued income and prepayments
112
6
Creditors: amounts falling due within one year
2024
Taxes and social security
7,250
Loans from directors
39,570
7
Average number of employees
During the period the average number of employees was 1.