2 false false false false false false false false false false true false false false false false true No description of principal activity 2022-08-01 Sage Accounts Production Advanced 2023 - FRS102_2023 3,493 61 3,554 1,728 345 2,073 1,481 1,765 xbrli:pure xbrli:shares iso4217:GBP 10873150 2022-08-01 2023-07-31 10873150 2023-07-31 10873150 2022-07-31 10873150 2021-08-01 2022-07-31 10873150 2022-07-31 10873150 2021-07-31 10873150 bus:Director2 2022-08-01 2023-07-31 10873150 core:AfterOneYear 2023-07-31 10873150 core:AfterOneYear 2022-07-31 10873150 core:WithinOneYear 2023-07-31 10873150 core:WithinOneYear 2022-07-31 10873150 core:ShareCapital 2023-07-31 10873150 core:ShareCapital 2022-07-31 10873150 core:RetainedEarningsAccumulatedLosses 2023-07-31 10873150 core:RetainedEarningsAccumulatedLosses 2022-07-31 10873150 bus:SmallEntities 2022-08-01 2023-07-31 10873150 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 10873150 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 10873150 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 10873150 bus:FullAccounts 2022-08-01 2023-07-31 10873150 core:ComputerEquipment 2022-07-31 10873150 core:ComputerEquipment 2022-08-01 2023-07-31 10873150 core:ComputerEquipment 2023-07-31
COMPANY REGISTRATION NUMBER: 10873150
BLOCK DIGITAL LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDING
31 July 2023
BLOCK DIGITAL LTD
STATEMENT OF FINANCIAL POSITION
31 July 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
1,481
1,765
CURRENT ASSETS
Debtors
6
16,805
7,500
Cash at bank and in hand
1,762
31,525
--------
--------
18,567
39,025
CREDITORS: amounts falling due within one year
7
( 4,076)
( 19,057)
--------
--------
NET CURRENT ASSETS
14,491
19,968
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
15,972
21,733
CREDITORS: amounts falling due after more than one year
8
( 15,867)
( 15,867)
--------
--------
NET ASSETS
105
5,866
--------
--------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
5
5,766
----
-------
SHAREHOLDERS FUNDS
105
5,866
----
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
BLOCK DIGITAL LTD
STATEMENT OF FINANCIAL POSITION (continued)
31 July 2023
These financial statements were approved by the board of directors and authorised for issue on 19 August 2024 , and are signed on behalf of the board by:
R Anand
Director
Company registration number: 10873150
BLOCK DIGITAL LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Ashbury Works, Gorton Road, Manchester, M12 5AD.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. The financial statements have also been prepared on the going concern basis. The directors consider the going concern basis to be appropriate as they have confirmed their ongoing support.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax.
Income tax
Deferred Taxation is provided using the liability method on all timing differences that have originated but not reversed at the balance sheet date.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently state at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
5 years
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 2 (2022: 3 ).
5. TANGIBLE ASSETS
Equipment
£
Cost
At 1 August 2022
3,493
Additions
61
-------
At 31 July 2023
3,554
-------
Depreciation
At 1 August 2022
1,728
Charge for the year
345
-------
At 31 July 2023
2,073
-------
Carrying amount
At 31 July 2023
1,481
-------
At 31 July 2022
1,765
-------
6. DEBTORS
2023
2022
£
£
Trade debtors
7,213
Other debtors
9,592
7,500
--------
-------
16,805
7,500
--------
-------
7. CREDITORS: amounts falling due within one year
2023
2022
£
£
Trade creditors
250
11,205
Corporation tax
658
7,852
Social security and other taxes
2,268
Other creditors
900
-------
--------
4,076
19,057
-------
--------
8. CREDITORS: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
15,867
15,867
--------
--------