Acorah Software Products - Accounts Production 15.0.500 false true 30 June 2023 17 June 2022 false 1 July 2023 30 June 2024 30 June 2024 14179817 Mr Phillip Lee Mr Alastair James Lee iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14179817 2023-06-30 14179817 2024-06-30 14179817 2023-07-01 2024-06-30 14179817 frs-core:CurrentFinancialInstruments 2024-06-30 14179817 frs-core:ComputerEquipment 2023-07-01 2024-06-30 14179817 frs-core:PlantMachinery 2024-06-30 14179817 frs-core:PlantMachinery 2023-07-01 2024-06-30 14179817 frs-core:PlantMachinery 2023-06-30 14179817 frs-core:ShareCapital 2024-06-30 14179817 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 14179817 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 14179817 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 14179817 frs-bus:SmallEntities 2023-07-01 2024-06-30 14179817 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 14179817 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 14179817 frs-bus:Director1 2023-07-01 2024-06-30 14179817 frs-bus:Director2 2023-07-01 2024-06-30 14179817 frs-countries:EnglandWales 2023-07-01 2024-06-30 14179817 2022-06-16 14179817 2023-06-30 14179817 2022-06-17 2023-06-30 14179817 frs-core:CurrentFinancialInstruments 2023-06-30 14179817 frs-core:ShareCapital 2023-06-30 14179817 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 14179817
Digiphile Services Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14179817
30 June 2024 30 June 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,662 3,459
3,662 3,459
CURRENT ASSETS
Debtors 5 269,222 117,393
Cash at bank and in hand 538,627 134,141
807,849 251,534
Creditors: Amounts Falling Due Within One Year 6 (247,829 ) (72,873 )
NET CURRENT ASSETS (LIABILITIES) 560,020 178,661
TOTAL ASSETS LESS CURRENT LIABILITIES 563,682 182,120
PROVISIONS FOR LIABILITIES
Deferred Taxation (130 ) (535 )
NET ASSETS 563,552 181,585
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 563,452 181,485
SHAREHOLDERS' FUNDS 563,552 181,585
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For the year ending 30 June 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Phillip Lee
Director
Mr Alastair James Lee
Director
06/08/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Digiphile Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14179817 . The registered office is 86-90 Paul Street, London, EC2A 4NE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 3 Years Straight Line
2.4. Financial Instruments
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.6. Taxation
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 2)
5 2
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 July 2023 5,189
Additions 2,898
As at 30 June 2024 8,087
Depreciation
As at 1 July 2023 1,730
Provided during the period 2,695
As at 30 June 2024 4,425
Net Book Value
As at 30 June 2024 3,662
As at 1 July 2023 3,459
5. Debtors
30 June 2024 30 June 2023
£ £
Due within one year
Trade debtors 136,262 109,551
Other debtors 132,960 7,842
269,222 117,393
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6. Creditors: Amounts Falling Due Within One Year
30 June 2024 30 June 2023
£ £
Trade creditors 20,626 4,580
Other creditors 2,863 3,155
Taxation and social security 224,340 65,138
247,829 72,873
7. Share Capital
30 June 2024 30 June 2023
£ £
Allotted, Called up and fully paid 100 100
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