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REGISTERED NUMBER: 12514751 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 March 2024

for

Dig 4 U Ltd

Dig 4 U Ltd (Registered number: 12514751)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dig 4 U Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: S M J Judd





REGISTERED OFFICE: 21 Maple Drive
Chelmsford
Essex
CM2 9HP





REGISTERED NUMBER: 12514751 (England and Wales)





ACCOUNTANTS: NSO Associates LLP
75 Springfield Road
Chelmsford
Essex
CM2 6JB

Dig 4 U Ltd (Registered number: 12514751)

Balance Sheet
31 March 2024

31.3.23 31.3.24
£    £    Notes £    £   
FIXED ASSETS
29,831 Tangible assets 4 26,236

CURRENT ASSETS
12,209 Debtors 5 26,097
2,671 Cash at bank 14,317
14,880 40,414
CREDITORS
16,913 Amounts falling due within one year 6 19,551
(2,033 ) NET CURRENT ASSETS/(LIABILITIES) 20,863
27,798 TOTAL ASSETS LESS CURRENT
LIABILITIES

47,099

CREDITORS
(8,920 ) Amounts falling due after more than one
year

7

(9,247

)

(5,668 ) PROVISIONS FOR LIABILITIES (4,985 )
13,210 NET ASSETS 32,867

CAPITAL AND RESERVES
1 Called up share capital 1
13,209 Retained earnings 32,866
13,210 SHAREHOLDERS' FUNDS 32,867

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 director acknowledges his 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.

Dig 4 U Ltd (Registered number: 12514751)

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 director and authorised for issue on 17 July 2024 and were signed by:





S M J Judd - Director


Dig 4 U Ltd (Registered number: 12514751)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Dig 4 U 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery etc - 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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Dig 4 U Ltd (Registered number: 12514751)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 34,967
Additions 17,520
At 31 March 2024 52,487
DEPRECIATION
At 1 April 2023 5,136
Charge for year 7,286
Eliminated on disposal 13,829
At 31 March 2024 26,251
NET BOOK VALUE
At 31 March 2024 26,236
At 31 March 2023 29,831

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023 16,190
Additions 17,520
At 31 March 2024 33,710
DEPRECIATION
At 1 April 2023 2,361
Charge for year 3,285
Eliminated on disposal (2,361 )
At 31 March 2024 3,285
NET BOOK VALUE
At 31 March 2024 30,425
At 31 March 2023 13,829

Dig 4 U Ltd (Registered number: 12514751)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 370 -
Other debtors 25,727 12,209
26,097 12,209

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 2,920 1,746
Trade creditors 961 643
Taxation and social security 13,741 2,976
Other creditors 1,929 11,548
19,551 16,913

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 9,247 8,920

8. POST BALANCE SHEET EVENTS

There were no post balance sheet events that require being reported to the shareholders or creditors.