Company Registration No. 10820058 (England and Wales)
Digivertex Ltd
Unaudited accounts
for the year ended 30 November 2023
Digivertex Ltd
Unaudited accounts
Contents
Digivertex Ltd
Company Information
for the year ended 30 November 2023
Directors
Doye T Agama
Charles L Kachitsa
Company Number
10820058 (England and Wales)
Registered Office
St Johns Rectory
Railton Terrace
Manchester
M9 4WE
United Kingdom
Accountants
AcTax Consulting Ltd
11 Consort Road
Higher Bartle
Preston
Lancashire
PR4 0QH
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Digivertex Ltd
for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Digivertex Ltd for the year ended
30 November 2023 as set out on pages
5 -
7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Digivertex Ltd, as a body, in accordance with the terms of our engagement letter dated 27 November 2020. Our work has been undertaken solely to prepare for your approval the accounts of Digivertex Ltd and state those matters that we have agreed to state to the Board of Directors of Digivertex Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Digivertex Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Digivertex Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Digivertex Ltd. You consider that Digivertex Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Digivertex Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
AcTax Consulting Ltd
Chartered Certified Accountants
11 Consort Road
Higher Bartle
Preston
Lancashire
PR4 0QH
18 August 2024
Digivertex Ltd
Statement of financial position
as at 30 November 2023
Tangible assets
1,397
1,647
Creditors: amounts falling due within one year
(6,389)
(6,504)
Net current liabilities
(5,112)
(1,500)
Total assets less current liabilities
(3,715)
147
Provisions for liabilities
Net liabilities
(3,715)
(166)
Called up share capital
1
1
Profit and loss account
(3,716)
(167)
Shareholders' funds
(3,715)
(166)
For the year ending 30 November 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 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 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 of Directors and authorised for issue on 18 August 2024 and were signed on its behalf by
Charles L Kachitsa
Director
Company Registration No. 10820058
Digivertex Ltd
Notes to the Accounts
for the year ended 30 November 2023
Digivertex Ltd is a private company, limited by shares, registered in England and Wales, registration number 10820058. The registered office is St Johns Rectory, Railton Terrace, Manchester, M9 4WE, United Kingdom.
2
Compliance with accounting standards
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.
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:
Plant & machinery
25% straight line
4
Tangible fixed assets
Plant & machinery
Digivertex Ltd
Notes to the Accounts
for the year ended 30 November 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
740
643
Taxes and social security
4,932
5,201
Loans from directors
286
-
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
The advance due from the director is interest free and repayable on demand.
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).