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Registration number: 04600711

Digital RF Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

Digital RF Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Digital RF Limited

Company Information

Directors

Mr John David Rogers

Mrs Pamela Jean Rogers

Mrs Susan Elizabeth Rogers

Mr Stephen John Rogers

Company secretary

Mrs Pamela Jean Rogers

Registered office

Walford House
Generals Lane Boreham
Chelmsford
Essex
CM3 3HW

Accountants

Anthony Russel Limited
1st Floor
11 Freeport Office Village
Century Drive
Braintree
Essex
CM77 8YG

 

Digital RF Limited

(Registration number: 04600711)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

30,355

40,415

Current assets

 

Debtors

5

8,258

6,337

Cash at bank and in hand

 

673

7,405

 

8,931

13,742

Creditors: Amounts falling due within one year

6

(13,087)

(4,453)

Net current (liabilities)/assets

 

(4,156)

9,289

Net assets

 

26,199

49,704

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

26,197

49,702

Shareholders' funds

 

26,199

49,704

 

Digital RF Limited

(Registration number: 04600711)
Balance Sheet as at 30 November 2023

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 August 2024 and signed on its behalf by:
 

.........................................
Mr Stephen John Rogers
Director

 

Digital RF Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Walford House
Generals Lane Boreham
Chelmsford
Essex
CM3 3HW

The principal place of business is:
Walford Farm House
Generals Lane
Boreham
Chelmsford
Essex
CM3 3HW

These financial statements were authorised for issue by the Board on 23 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

 

Digital RF Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Revenue recognition

Turnover represents revenue earned under a wide variety of contracts to provide goods and services. Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to customers, including expenses and disbursements but excluding value added tax.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20 % to 50% on cost

Office Furniture and Equipment

33% on cost

Motor vehicles

25% reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Digital RF Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2022 - 2).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 December 2022

77,978

52,988

64,678

195,644

Additions

-

285

-

285

At 30 November 2023

77,978

53,273

64,678

195,929

Depreciation

At 1 December 2022

77,237

13,846

64,146

155,229

Charge for the year

267

9,812

266

10,345

At 30 November 2023

77,504

23,658

64,412

165,574

Carrying amount

At 30 November 2023

474

29,615

266

30,355

At 30 November 2022

741

39,142

532

40,415

5

debtors

Note

2023
£

2022
£

Trade debtors

 

2,943

-

Other debtors

 

5,315

191

Income tax asset

-

6,146

 

8,258

6,337

 

Digital RF Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

72

184

Other payables

11,860

69

Accruals

1,155

4,200

13,087

4,453

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Share Capital of £1 each

2

2

2

2

         
 

Digital RF Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

8

Related party transactions

Transactions with directors

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

No interest is charged on the loan.

Transactions with directors

2023

At 1 December 2022
£

Advances to director
£

Repayments by director
£

At 30 November 2023
£

-

8,659

(20,415)

(11,756)

         
       

 

2022

At 1 December 2021
£

Advances to director
£

Repayments by director
£

At 30 November 2022
£

6,041

22,051

(28,092)

-