Registered number
12359020
Decent Capital Ltd
Unaudited Filleted Accounts For The Year Ended
31 December 2023
Decent Capital Ltd
Registered number: 12359020
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 153,490 185,490
153,490 185,490
Current assets
Debtors 4 2,003 83
Cash at bank and in hand 343,026 484,667
345,029 484,750
Creditors: amounts falling due within one year 5 (138,258) (186,378)
Net current assets 206,771 298,372
Total assets less current liabilities 360,261 483,862
Provisions for liabilities (7,965) (10,424)
Net assets 352,296 473,438
Capital and reserves
Called up share capital 77 100
Revaluation reserve 6 20,971 3,146
Profit and loss account 331,248 470,192
Shareholders' funds 352,296 473,438
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Baker
Director
Approved by the board on 18 February 2024
Decent Capital Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain assets and on a going concern basis in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services during the period. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred revenue
Deferred revenue is recognised in respect of payments received prior to the performance of services.
Intangible fixed assets
Intangible assets are initially measured at cost less accumulative amortisation and any accumulative impairment losses. Amortisation is provided on the following assets to write off the cost of an asset, less its estimated residual value of over the useful life of that asset as follows:

Development costs Over 5 years

Digital assets are initially measured at cost less any accumulative impairment losses and are subsequently revalued and carried at a revalued amount less any accumulative impairment losses. Revaluation of digital assets shall be made with sufficient regularity to ensure that the carrying amount does not differ materially from that which would be determined using fair value at the end of the reporting period.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction and all differences are charged to profit or loss.

The functional currency of the entity is USD, and this has been translated to the presentational currency using the closing rate at the date of the statement of financial position for assets and liabilities and the average rate for income and expenses. Exchanges differences are recognised in other comprehensive income.
Leased assets
Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 4
(including directors)
3 Intangible fixed assets Software development Digital assets Total
£ £ £
Cost
At 1 January 2023 73,519 123,641 197,160
Additions 5,869 - 5,869
Disposals - (29,474) (29,474)
Revaluation - 17,401 17,401
At 31 December 2023 79,388 111,568 190,956
Amortisation
At 1 January 2023 21,588 - 21,588
Provided during the year 15,878 - 15,878
At 31 December 2023 37,466 - 37,466
Net book value
At 31 December 2023 41,922 111,568 153,490
At 31 December 2022 54,864 130,626 185,490
Digital assets have not been amortised due to the nature of the asset and this will be reviewed periodically. Opening balances have been converted to presentation currency using the closing rate at the date of the financial statement.
4 Debtors 2023 2022
£ £
Prepayments 1,928 -
Other debtors 75 83
2,003 83
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 2,017 11,249
Taxation and social security costs 35,119 43,353
Other creditors 101,122 131,776
138,258 186,378
6 Revaluation reserve 2023 2022
£ £
At 1 January 2023 3,146 52,284
Gain/(loss) on revaluation of intangible assets 17,825 (49,138)
At 31 December 2023 20,971 3,146
7 Other information
Decent Capital Ltd is a private company limited by shares and incorporated in England. Its registered office is:
C/O Office 0.02, Baltimore House
Baltic Business Quarter
Gateshead
NE8 3DF
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