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REGISTERED NUMBER: 02993612 (England and Wales)














Unaudited Financial Statements

for the period

1st October 2022 to 31st December 2023

for

Boomerang Digital Limited

Boomerang Digital Limited (Registered number: 02993612)






Contents of the Financial Statements
for the period 1st October 2022 to 31st December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Boomerang Digital Limited

Company Information
for the period 1st October 2022 to 31st December 2023







DIRECTORS: Mrs K A Roberts
A M Ludlow
C D Wrigley



REGISTERED OFFICE: 2 Saxon Business Park
Owen Avenue
Hessle
East Yorkshire
HU13 9PD



REGISTERED NUMBER: 02993612 (England and Wales)



ACCOUNTANTS: Sadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX



BANKERS: National Westminster Bank plc
302 Holderness Road
Hull
HU9 2YP

Boomerang Digital Limited (Registered number: 02993612)

Abridged Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 45,504 -
Tangible assets 5 96,787 46,234
Investments 6 68,281 -
210,572 46,234

CURRENT ASSETS
Stocks 94,381 148,147
Debtors 1,691,836 859,075
Cash at bank and in hand 246,898 304,735
2,033,115 1,311,957
CREDITORS
Amounts falling due within one year 1,248,734 897,040
NET CURRENT ASSETS 784,381 414,917
TOTAL ASSETS LESS CURRENT
LIABILITIES

994,953

461,151

CREDITORS
Amounts falling due after more than one
year

(77,763

)

(84,791

)

PROVISIONS FOR LIABILITIES (1,301 ) -
NET ASSETS 915,889 376,360

CAPITAL AND RESERVES
Called up share capital 7 85,838 71,428
Share premium 58,572 58,572
Capital redemption reserve 45,000 45,000
Other reserves 45,023 -
Retained earnings 681,456 201,360
SHAREHOLDERS' FUNDS 915,889 376,360

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Boomerang Digital Limited (Registered number: 02993612)

Abridged Balance Sheet - continued
31st December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31st December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5th September 2024 and were signed on its behalf by:





A M Ludlow - Director


Boomerang Digital Limited (Registered number: 02993612)

Notes to the Financial Statements
for the period 1st October 2022 to 31st December 2023

1. STATUTORY INFORMATION

Boomerang Digital Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

Taxation
Taxation for the period 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.


Boomerang Digital Limited (Registered number: 02993612)

Notes to the Financial Statements - continued
for the period 1st October 2022 to 31st December 2023

2. ACCOUNTING POLICIES - continued
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 period 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 23 (2022 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 45,504
At 31st December 2023 45,504
NET BOOK VALUE

At 31st December 2023 45,504

Boomerang Digital Limited (Registered number: 02993612)

Notes to the Financial Statements - continued
for the period 1st October 2022 to 31st December 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st October 2022 647,905
Additions 71,469
At 31st December 2023 719,374
DEPRECIATION
At 1st October 2022 601,671
Charge for period 20,916
At 31st December 2023 622,587
NET BOOK VALUE
At 31st December 2023 96,787
At 30th September 2022 46,234

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
Additions 68,281
At 31st December 2023 68,281
NET BOOK VALUE
At 31st December 2023 68,281

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
78,029 Ordinary A £1 78,029 50,000
2,832 Ordinary B £1 2,832 21,428
4,977 C Ordinary £1 4,977 -
85,838 71,428

The following shares were issued during the period for cash at par :

6,601 Ordinary A shares of £1
2,832 Ordinary B shares of £1
4,977 C Ordinary shares of £1

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Boomerang Digital Holdings Limited, a company registered in England and Wales (Reg no: 13233433).

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Boomerang Digital Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Boomerang Digital Limited for the period ended 31st December 2023 which comprise the Statement of Comprehensive Income, Abridged Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Boomerang Digital Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Boomerang Digital Limited and state those matters that we have agreed to state to the Board of Directors of Boomerang Digital Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Boomerang Digital Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Boomerang Digital Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Boomerang Digital Limited. You consider that Boomerang Digital Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Boomerang Digital Limited. 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 financial statements.






Sadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX


5th September 2024