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REGISTERED NUMBER: 12364066 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

DIGILANTI LTD

DIGILANTI LTD (REGISTERED NUMBER: 12364066)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 5


DIGILANTI LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr A Punt
Mrs L S Punt





REGISTERED OFFICE: 584 Wellsway
Bath
Somerset
BA2 2UE





REGISTERED NUMBER: 12364066 (England and Wales)





ACCOUNTANTS: JRS Accountants Limited
584 Wellsway
Bath
Somerset
BA2 2UE

DIGILANTI LTD (REGISTERED NUMBER: 12364066)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 MARCH 2024


The directors present their report with the financial statements of the company for the year ended 31 March 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2023 to the date of this report.

Mr A Punt
Mrs L S Punt

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr A Punt - Director


8 August 2024

DIGILANTI LTD (REGISTERED NUMBER: 12364066)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 60,947 66,922

CURRENT ASSETS
Debtors 5 45,357 81,334
Cash at bank 2,507 43,411
47,864 124,745
CREDITORS
Amounts falling due within one year 6 (32,768 ) (46,427 )
NET CURRENT ASSETS 15,096 78,318
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,043

145,240

CREDITORS
Amounts falling due after more than one
year

7

(2,482

)

(7,258

)

PROVISIONS FOR LIABILITIES (1,990 ) (1,309 )
NET ASSETS 71,571 136,673

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 71,569 136,671
SHAREHOLDERS' FUNDS 71,571 136,673

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

DIGILANTI LTD (REGISTERED NUMBER: 12364066)

BALANCE SHEET - continued
31 MARCH 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2024 and were signed on its behalf by:





Mr A Punt - Director


DIGILANTI LTD (REGISTERED NUMBER: 12364066)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Digilanti Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Office Equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

DIGILANTI LTD (REGISTERED NUMBER: 12364066)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Freehold Motor Office
property vehicles Equipment Totals
£    £    £    £   
COST
At 1 April 2023 48,675 13,791 10,628 73,094
Additions - - 333 333
At 31 March 2024 48,675 13,791 10,961 73,427
DEPRECIATION
At 1 April 2023 - 2,177 3,995 6,172
Charge for year - 4,566 1,742 6,308
At 31 March 2024 - 6,743 5,737 12,480
NET BOOK VALUE
At 31 March 2024 48,675 7,048 5,224 60,947
At 31 March 2023 48,675 11,614 6,633 66,922

Fixed assets, included in the above, which are held under finance leases are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 13,791
DEPRECIATION
At 1 April 2023 2,177
Charge for year 4,566
At 31 March 2024 6,743
NET BOOK VALUE
At 31 March 2024 7,048
At 31 March 2023 11,614

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,500 30,697
Directors' loan accounts 40,609 50,153
Prepayments 248 484
45,357 81,334

DIGILANTI LTD (REGISTERED NUMBER: 12364066)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Finance leases 4,566 4,355
Tax 24,793 29,464
Social security and other taxes 376 1,476
VAT 406 9,032
Accrued expenses 2,627 2,100
32,768 46,427

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Finance leases 2,482 7,258