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Registration number: 13756373

Sir Digital Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

Sir Digital Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Sir Digital Limited

(Registration number: 13756373)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

-

38,685

Tangible assets

5

829

1,244

 

829

39,929

Current assets

 

Debtors

6

10,898

95,837

Creditors: Amounts falling due within one year

7

(812)

(44,411)

Net current assets

 

10,086

51,426

Net assets

 

10,915

91,355

Capital and reserves

 

Called up share capital

2

2

Retained earnings

10,913

91,353

Shareholders' funds

 

10,915

91,355

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.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 2 September 2024
 

.........................................
Mr S L Cookson
Director

 

Sir Digital 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:
40 Regent Street
Moulton
Northwich
Cheshire
CW9 8NY

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable.

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.

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

Office Equipment

25% on cost

Intangible assets

Cryptocurrency (other intangible assets) are held at fair value under the revaluation model with no amortisation expected.

 

Sir Digital Limited

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

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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.

3

Staff numbers

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

 

Sir Digital Limited

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

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 December 2022

38,685

38,685

Disposals

(38,685)

(38,685)

At 30 November 2023

-

-

Amortisation

Carrying amount

At 30 November 2023

-

-

At 30 November 2022

38,685

38,685

5

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 December 2022

1,659

1,659

At 30 November 2023

1,659

1,659

Depreciation

At 1 December 2022

415

415

Charge for the year

415

415

At 30 November 2023

830

830

Carrying amount

At 30 November 2023

829

829

At 30 November 2022

1,244

1,244

 

Sir Digital Limited

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

6

Debtors

Current

2023
£

2022
£

Other debtors

10,898

95,837

 

10,898

95,837

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

13

-

Taxation and social security

49

38,310

Other creditors

750

6,101

812

44,411

8

Related party transactions

Transactions with the director

2023

At 1 December 2022
£

Advances to director
£

Repayments by director
£

At 30 November 2023
£

Mr S L Cookson

Directors Loan Account

95,837

38,042

(128,059)

5,820

2022

At 21 November 2021
£

Advances to director
£

Repayments by director
£

At 30 November 2022
£

Mr S L Cookson

Directors Loan Account

-

142,279

(46,442)

95,837