IRIS Accounts Production v24.2.0.383 03948674 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh039486742023-03-31039486742024-03-31039486742023-04-012024-03-31039486742022-03-31039486742022-04-012023-03-31039486742023-03-3103948674ns15:EnglandWales2023-04-012024-03-3103948674ns14:PoundSterling2023-04-012024-03-3103948674ns10:Director12023-04-012024-03-3103948674ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3103948674ns10:SmallEntities2023-04-012024-03-3103948674ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3103948674ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3103948674ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3103948674ns10:FullAccounts2023-04-012024-03-3103948674ns10:Director22023-04-012024-03-3103948674ns10:RegisteredOffice2023-04-012024-03-3103948674ns5:CurrentFinancialInstruments2024-03-3103948674ns5:CurrentFinancialInstruments2023-03-3103948674ns5:Non-currentFinancialInstruments2024-03-3103948674ns5:Non-currentFinancialInstruments2023-03-3103948674ns5:ShareCapital2024-03-3103948674ns5:ShareCapital2023-03-3103948674ns5:RetainedEarningsAccumulatedLosses2024-03-3103948674ns5:RetainedEarningsAccumulatedLosses2023-03-3103948674ns5:LeaseholdImprovements2023-04-012024-03-3103948674ns5:FurnitureFittings2023-04-012024-03-3103948674ns5:ComputerEquipment2023-04-012024-03-3103948674ns5:PlantMachinery2023-03-3103948674ns5:PlantMachinery2023-04-012024-03-3103948674ns5:PlantMachinery2024-03-3103948674ns5:PlantMachinery2023-03-3103948674ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3103948674ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3103948674ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-03-3103948674ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-03-3103948674ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3103948674ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3103948674ns5:WithinOneYear2024-03-3103948674ns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 03948674 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

BCH DIGITAL LIMITED

BCH DIGITAL LIMITED (REGISTERED NUMBER: 03948674)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


BCH DIGITAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 March 2024







DIRECTORS: Mr R Macdonald
Mrs A Franklin





REGISTERED OFFICE: Suite 305, Eagle Tower
Montpellier Drive
Cheltenham
Gloucestershire
GL50 1TA





REGISTERED NUMBER: 03948674 (England and Wales)





ACCOUNTANTS: Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX

BCH DIGITAL LIMITED (REGISTERED NUMBER: 03948674)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,496 28,736

CURRENT ASSETS
Debtors 5 1,075,102 1,024,186
Cash at bank 128,073 140,627
1,203,175 1,164,813
CREDITORS
Amounts falling due within one year 6 531,985 552,582
NET CURRENT ASSETS 671,190 612,231
TOTAL ASSETS LESS CURRENT
LIABILITIES

681,686

640,967

CREDITORS
Amounts falling due after more than one year 7 (134,470 ) (259,895 )

PROVISIONS FOR LIABILITIES (1,658 ) (6,006 )
NET ASSETS 545,558 375,066

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 545,556 375,064
545,558 375,066

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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

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 3 October 2024 and were signed on its behalf by:




Mr R Macdonald - Director


BCH DIGITAL LIMITED (REGISTERED NUMBER: 03948674)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024

1. STATUTORY INFORMATION

BCH 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.

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

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 - 10% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

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 year was 12 (2023 - 14 ) .

BCH DIGITAL LIMITED (REGISTERED NUMBER: 03948674)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 797,073
Additions 4,936
Disposals (631,890 )
At 31 March 2024 170,119
DEPRECIATION
At 1 April 2023 768,337
Charge for year 4,336
Eliminated on disposal (613,050 )
At 31 March 2024 159,623
NET BOOK VALUE
At 31 March 2024 10,496
At 31 March 2023 28,736

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 106,772 41,422
Amounts owed by group undertakings 961,680 961,680
Other debtors 542 15,277
Prepayments 6,108 5,807
1,075,102 1,024,186

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 125,425 117,107
Trade creditors 13,950 39,810
Amounts owed to group undertakings 110,516 110,516
Tax 104,418 13,880
Social security and other taxes 30,176 87,017
VAT 86,991 91,842
Other creditors 12,794 8,432
Pension - 11,248
Directors' current accounts - 20,000
Accrued expenses 47,715 52,730
531,985 552,582

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 134,470 254,052
Bank loans - 2-5 years - 5,843
134,470 259,895

BCH DIGITAL LIMITED (REGISTERED NUMBER: 03948674)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 March 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 968 968

9. ULTIMATE CONTROLLING PARTY

The immediate parent company is BCH Holdings Limited, which owns 100% of the share capital.

The ultimate parent undertaking is BCH Group Limited.

The ultimate controlling party are the shareholders of BCH Group Limited by virtue on their controlling interest in the entity.