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REGISTERED NUMBER: 08832553 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

The Digital Tide Ltd

The Digital Tide Ltd (Registered number: 08832553)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Digital Tide Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: R Pathak





REGISTERED OFFICE: 128 City Road
London
EC1V 2NX





REGISTERED NUMBER: 08832553 (England and Wales)





ACCOUNTANTS: Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE

The Digital Tide Ltd (Registered number: 08832553)

Balance Sheet
30 June 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,948 18,918

CURRENT ASSETS
Debtors 5 27,873 7,457
Cash at bank 113,873 15,389
141,746 22,846
CREDITORS
Amounts falling due within one year 6 59,625 18,995
NET CURRENT ASSETS 82,121 3,851
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,069

22,769

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 103,059 22,759
103,069 22,769

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 22 August 2024 and were signed by:



R Pathak - Director


The Digital Tide Ltd (Registered number: 08832553)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

The Digital Tide 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.

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.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on cost
Computer equipment - 25% on cost

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

The Digital Tide Ltd (Registered number: 08832553)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 45,981
Additions 14,744
At 30 June 2024 60,725
DEPRECIATION
At 1 July 2023 27,063
Charge for year 12,714
At 30 June 2024 39,777
NET BOOK VALUE
At 30 June 2024 20,948
At 30 June 2023 18,918

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade debtors 9,260 1,010
Amounts owed by group undertakings 15,000 -
Other debtors 3,613 6,447
27,873 7,457

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade creditors 10,307 11,137
Taxation and social security 31,835 58
Other creditors 17,483 7,800
59,625 18,995

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £2,000 were paid to the director .

Included in debtors as at balance sheet date is a loan of £15,000 due from Brandalamode Retail Limited. Mr R Pathak is a director of Brandalamode Retail Limited.