18 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 139,214 67,621 13,922 81,543 57,671 71,593 30,247 4,660 34,907 14,555 6,194 20,749 14,158 15,692 xbrli:pure xbrli:shares iso4217:GBP 04595312 2023-04-01 2024-03-31 04595312 2024-03-31 04595312 2023-03-31 04595312 2022-04-01 2023-03-31 04595312 2023-03-31 04595312 2022-03-31 04595312 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 04595312 core:PlantMachinery 2023-04-01 2024-03-31 04595312 bus:Director1 2023-04-01 2024-03-31 04595312 bus:Director2 2023-04-01 2024-03-31 04595312 bus:Director3 2023-04-01 2024-03-31 04595312 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 04595312 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 04595312 core:PlantMachinery 2023-03-31 04595312 core:PlantMachinery 2024-03-31 04595312 core:WithinOneYear 2024-03-31 04595312 core:WithinOneYear 2023-03-31 04595312 core:ShareCapital 2024-03-31 04595312 core:ShareCapital 2023-03-31 04595312 core:RetainedEarningsAccumulatedLosses 2024-03-31 04595312 core:RetainedEarningsAccumulatedLosses 2023-03-31 04595312 core:BetweenOneFiveYears 2024-03-31 04595312 core:BetweenOneFiveYears 2023-03-31 04595312 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 04595312 core:PlantMachinery 2023-03-31 04595312 bus:SmallEntities 2023-04-01 2024-03-31 04595312 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04595312 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04595312 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04595312 bus:FullAccounts 2023-04-01 2024-03-31 04595312 bus:Director1 1 2023-04-01 2024-03-31 04595312 core:KeyManagementPersonnel 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 04595312
Extra Digital Limited
Filleted Unaudited Financial Statements
31 March 2024
Extra Digital Limited
Financial Statements
Year ended 31 March 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Extra Digital Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Fixed assets
Intangible assets
5
57,671
71,593
Tangible assets
6
14,158
15,692
--------
--------
71,829
87,285
Current assets
Debtors
7
431,996
265,840
Cash at bank and in hand
90,642
106,673
---------
---------
522,638
372,513
Creditors: amounts falling due within one year
8
349,309
189,475
---------
---------
Net current assets
173,329
183,038
---------
---------
Total assets less current liabilities
245,158
270,323
Provisions
Taxation including deferred tax
( 41,302)
( 48,748)
---------
---------
Net assets
286,460
319,071
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
286,360
318,971
---------
---------
Shareholders funds
286,460
319,071
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Extra Digital Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 7 August 2024 , and are signed on behalf of the board by:
Dr R E Cornish
Mrs E J Frewin
Director
Director
Mr P J Frewin
Director
Company registration number: 04595312
Extra Digital Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Revenue recognition Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Revenue from the services is recognised when; the service has been performed, by reference to stage of completion where appropriate; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transaction can be measured reliably. Income tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. Foreign currencies Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account. Intangible assets All intangible assets are initially recorded at cost, and amortised over their useful economic lives.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Development costs
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Research and development
Research expenditure is written off in the year in which it is incurred. Development expenditure incurred on clearly defined projects whose outcome can be assessed with reasonable certainty is carried forward and amortisation is charged from that time over the life of the project.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
20% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 18 (2023: 18 ).
5. Intangible assets
Development costs
£
Cost
At 1 April 2023 and 31 March 2024
139,214
---------
Amortisation
At 1 April 2023
67,621
Charge for the year
13,922
---------
At 31 March 2024
81,543
---------
Carrying amount
At 31 March 2024
57,671
---------
At 31 March 2023
71,593
---------
6. Tangible assets
Plant and machinery
Total
£
£
Cost
At 1 April 2023
30,247
30,247
Additions
4,660
4,660
--------
--------
At 31 March 2024
34,907
34,907
--------
--------
Depreciation
At 1 April 2023
14,555
14,555
Charge for the year
6,194
6,194
--------
--------
At 31 March 2024
20,749
20,749
--------
--------
Carrying amount
At 31 March 2024
14,158
14,158
--------
--------
At 31 March 2023
15,692
15,692
--------
--------
7. Debtors
2024
2023
£
£
Trade debtors
276,511
143,876
Other debtors
155,485
121,964
---------
---------
431,996
265,840
---------
---------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
26,612
4,116
Social security and other taxes
103,991
79,078
Other creditors
218,706
106,281
---------
---------
349,309
189,475
---------
---------
9. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
30,392
6,509
Later than 1 year and not later than 5 years
8,358
1,085
--------
-------
38,750
7,594
--------
-------
10. Directors' advances, credits and guarantees
During the year, aggregate advances were made to a director which amounted to £1,242 (2023: £nil), and repayments were made of £nil. During the year, no interest was charged on this debt. At the year end date, a director owed the company £1,242.
11. Related party transactions
At the balance sheet date, the company owed the directors £8,752 (2023: £8,133). At the balance sheet date, the company owed £30,047 (2023: £3,991) to the husband of a director.