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Company Registration No. 04303402 (England and Wales)
Digital World Direct Limited Unaudited accounts for the year ended 31 December 2023
Digital World Direct Limited Unaudited accounts Contents
Page
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Digital World Direct Limited Company Information for the year ended 31 December 2023
Directors
Mr S Lacey Mrs J Lacey
Secretary
Mr S Lacey
Company Number
04303402 (England and Wales)
Registered Office
First Floor, Block B 6-8 Brook Way, Ivyhouse Lane Hastings East Sussex TN35 4NN England
Accountants
Fairbook Business Services Ltd 12-14 Maunsell Road St Leonards on Sea East Sussex TN38 9NN
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Digital World Direct Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
37,914 
11,046 
Current assets
Inventories
28,790 
19,115 
Debtors
47,948 
126,872 
Cash at bank and in hand
57,843 
10,491 
134,581 
156,478 
Creditors: amounts falling due within one year
(109,219)
(126,568)
Net current assets
25,362 
29,910 
Total assets less current liabilities
63,276 
40,956 
Creditors: amounts falling due after more than one year
(52,360)
(36,112)
Provisions for liabilities
Deferred tax
(10,068)
(2,688)
Net assets
848 
2,156 
Capital and reserves
Called up share capital
220 
220 
Profit and loss account
628 
1,936 
Shareholders' funds
848 
2,156 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by
Mr S Lacey Director Company Registration No. 04303402
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Digital World Direct Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Digital World Direct Limited is a private company, limited by shares, registered in England and Wales, registration number 04303402. The registered office is First Floor, Block B, 6-8 Brook Way, Ivyhouse Lane, Hastings, East Sussex, TN35 4NN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Fixtures & fittings
25% on reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Pension costs
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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Digital World Direct Limited Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
1,575 
53,854 
55,429 
Additions
15,800 
19,757 
35,557 
At 31 December 2023
17,375 
73,611 
90,986 
Depreciation
At 1 January 2023
964 
43,419 
44,383 
Charge for the year
1,141 
7,548 
8,689 
At 31 December 2023
2,105 
50,967 
53,072 
Net book value
At 31 December 2023
15,270 
22,644 
37,914 
At 31 December 2022
611 
10,435 
11,046 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
27,230 
105,968 
Accrued income and prepayments
3,036 
9,061 
Other debtors
17,682 
11,843 
47,948 
126,872 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
7,330 
5,555 
VAT
29,022 
32,093 
Obligations under finance leases and hire purchase contracts
3,125 
- 
Trade creditors
51,679 
69,677 
Taxes and social security
18,063 
19,243 
109,219 
126,568 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
40,381 
36,112 
Obligations under finance leases and hire purchase contracts
11,979 
- 
52,360 
36,112 
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Digital World Direct Limited Notes to the Accounts for the year ended 31 December 2023
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
110 Ordinary A shares of £1 each
110 
110 
110 Ordinary B shares of £1 each
110 
110 
220 
220 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr S Lacey
Directors' advances, credits and guarantees
5,646 
16,393 
7,000 
15,039 
5,646 
16,393 
7,000 
15,039 
The outstanding amount of £15,039 will be repaid within 9 months of the year end.
10
Average number of employees
During the year the average number of employees was 10 (2022: 9).
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