Company Registration No. 06921976 (England and Wales)
Digital Catalyst Limited
Unaudited accounts
for the year ended 31 December 2023
Digital Catalyst Limited
Unaudited accounts
Contents
Digital Catalyst Limited
Company Information
for the year ended 31 December 2023
Director
Mr Dhiraj Mighlani
Company Number
06921976 (England and Wales)
Registered Office
Building 6
30 Friern Park
London
N12 9DA
Digital Catalyst Limited
Statement of financial position
as at 31 December 2023
Tangible assets
2,044
1,017
Cash at bank and in hand
202,563
248,589
Creditors: amounts falling due within one year
(28,630)
(65,710)
Net current assets
181,502
186,362
Total assets less current liabilities
183,546
187,379
Creditors: amounts falling due after more than one year
(12,749)
(21,490)
Provisions for liabilities
Net assets
170,409
165,696
Called up share capital
100
100
Profit and loss account
170,309
165,596
Shareholders' funds
170,409
165,696
For the year ending 31 December 2023 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 13 August 2024 and were signed on its behalf by
Mr Dhiraj Mighlani
Director
Company Registration No. 06921976
Digital Catalyst Limited
Notes to the Accounts
for the year ended 31 December 2023
Digital Catalyst Limited is a private company, limited by shares, registered in England and Wales, registration number 06921976. The registered office is Building 6, 30 Friern Park, London, N12 9DA.
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 remained unchanged from the previous year, and also 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.
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:
Computer equipment
25% Straight Line
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.
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Tangible fixed assets
Computer equipment
At 31 December 2023
11,331
Digital Catalyst Limited
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
9,000
9,000
Taxes and social security
4,079
39,266
Loans from directors
2,912
2,600
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).