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REGISTERED NUMBER: 11112859 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Digby Consulting Ltd

Digby Consulting Ltd (Registered number: 11112859)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Digby Consulting Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: C J Digby
J Digby





REGISTERED OFFICE: 7 Cedars Road
Beckenham
Kent
BR3 4JE





REGISTERED NUMBER: 11112859 (England and Wales)





ACCOUNTANTS: Gibsons Financial Limited
Chartered Accountants
Foresters Hall
25/27 Westow Street
Upper Norwood
London
SE19 3RY

Digby Consulting Ltd (Registered number: 11112859)

Abridged Balance Sheet
31 December 2023

31/12/23 31/12/22
£ £
CURRENT ASSETS
Debtors 125,071 125,071
Cash in hand 100 100
125,171 125,171
CREDITORS
Amounts falling due within one year (24,600 ) (23,957 )
NET CURRENT ASSETS 100,571 101,214
TOTAL ASSETS LESS CURRENT
LIABILITIES

100,571

101,214

CREDITORS
Amounts falling due after more than one
year

(27,325

)

(25,815

)
NET ASSETS 73,246 75,399

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 73,146 75,299
SHAREHOLDERS' FUNDS 73,246 75,399

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

Digby Consulting Ltd (Registered number: 11112859)

Abridged Balance Sheet - continued
31 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 year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by:





J Digby - Director


Digby Consulting Ltd (Registered number: 11112859)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Digby Consulting 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.

Cessation of trading activity
The company was dormant throughout the year and all trading activity has ceased.

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.

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.

Digby Consulting Ltd (Registered number: 11112859)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Bounce back loan scheme
The British Business Bank together with lenders provided a range of financial options including the Bounce Back Loan Scheme (BBLS). These loans are backed by a government guarantee and the government will make a Business Interruption payment to cover the first twelve months of interest payments.

A loan of £50,000 was secured from the company's bankers at a rate of 2.5% per annum. The repayment terms are six years with no repayments for the first twelve months. Any difference between the amount of cash received and the discounted present value has been recognised as other finance income.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the directors.