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
Digital World Direct Limited
Company Information
for the year ended 31 December 2023
Directors
Mr S Lacey
Mrs J 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
Digital World Direct Limited
Statement of financial position
as at 31 December 2023
Tangible assets
37,914
11,046
Cash at bank and in hand
57,843
10,491
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)
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
Digital World Direct Limited
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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 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 are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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
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
At 31 December 2023
15,270
22,644
37,914
At 31 December 2022
611
10,435
11,046
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
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
7,330
5,555
Obligations under finance leases and hire purchase contracts
3,125
-
Trade creditors
51,679
69,677
Taxes and social security
18,063
19,243
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
11,979
-
Digital World Direct Limited
Notes to the Accounts
for the year ended 31 December 2023
Allotted, called up and fully paid:
110 Ordinary A shares of £1 each
110
110
110 Ordinary B shares of £1 each
110
110
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
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).