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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
Page
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Digicool Ltd Company Information for the period from 15 May 2023 to 31 May 2024
Director
R A Beckman
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
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Digicool Ltd Statement of financial position as at 31 May 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
47,870 
Current assets
Debtors
29,204 
Cash at bank and in hand
46,596 
75,800 
Creditors: amounts falling due within one year
(55,201)
Net current assets
20,599 
Net assets
68,469 
Capital and reserves
Called up share capital
1 
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
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Digicool Ltd Notes to the Accounts for the period from 15 May 2023 to 31 May 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Pension costs
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 
At 15 May 2023
- 
- 
- 
Additions
12,108 
51,719 
63,827 
At 31 May 2024
12,108 
51,719 
63,827 
Depreciation
Charge for the period
3,027 
12,930 
15,957 
At 31 May 2024
3,027 
12,930 
15,957 
Net book value
At 31 May 2024
9,081 
38,789 
47,870 
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Digicool Ltd Notes to the Accounts for the period from 15 May 2023 to 31 May 2024
5
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
20,754 
Accrued income and prepayments
112 
Other debtors
8,338 
29,204 
6
Creditors: amounts falling due within one year
2024 
£ 
VAT
7,381 
Taxes and social security
7,250 
Other creditors
1,000 
Loans from directors
39,570 
55,201 
7
Average number of employees
During the period the average number of employees was 1.
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