Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 06087736 Mrs April Byrne Mr Nicholas Byrne Miss April Carey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06087736 2023-02-28 06087736 2024-02-29 06087736 2023-03-01 2024-02-29 06087736 frs-core:CurrentFinancialInstruments 2024-02-29 06087736 frs-core:Non-currentFinancialInstruments 2024-02-29 06087736 frs-core:ComputerEquipment 2024-02-29 06087736 frs-core:ComputerEquipment 2023-03-01 2024-02-29 06087736 frs-core:ComputerEquipment 2023-02-28 06087736 frs-core:FurnitureFittings 2024-02-29 06087736 frs-core:FurnitureFittings 2023-03-01 2024-02-29 06087736 frs-core:FurnitureFittings 2023-02-28 06087736 frs-core:ShareCapital 2024-02-29 06087736 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 06087736 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 06087736 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 06087736 frs-bus:SmallEntities 2023-03-01 2024-02-29 06087736 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 06087736 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 06087736 frs-bus:Director1 2023-03-01 2024-02-29 06087736 frs-bus:Director1 2023-02-28 06087736 frs-bus:Director1 2024-02-29 06087736 frs-bus:Director2 2023-03-01 2024-02-29 06087736 frs-bus:Director2 2023-02-28 06087736 frs-bus:Director2 2024-02-29 06087736 frs-bus:CompanySecretary1 2023-03-01 2024-02-29 06087736 frs-countries:EnglandWales 2023-03-01 2024-02-29 06087736 2022-02-28 06087736 2023-02-28 06087736 2022-03-01 2023-02-28 06087736 frs-core:CurrentFinancialInstruments 2023-02-28 06087736 frs-core:Non-currentFinancialInstruments 2023-02-28 06087736 frs-core:ShareCapital 2023-02-28 06087736 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 06087736
Digital Native Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06087736
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 98 476
98 476
CURRENT ASSETS
Debtors 5 33,490 47,639
Cash at bank and in hand 2,800 11,327
36,290 58,966
Creditors: Amounts Falling Due Within One Year 6 (12,256 ) (42,574 )
NET CURRENT ASSETS (LIABILITIES) 24,034 16,392
TOTAL ASSETS LESS CURRENT LIABILITIES 24,132 16,868
Creditors: Amounts Falling Due After More Than One Year 7 (9,625 ) (16,795 )
NET ASSETS 14,507 73
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 14,506 72
SHAREHOLDERS' FUNDS 14,507 73
Page 1
Page 2
For the year ending 29 February 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Nicholas Byrne
Director
12/06/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Digital Native Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06087736 . The registered office is 3 North Avenue, Farnham, Surrey, GU9 0RD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 4 Years straight line
Computer Equipment 2 Years straight line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: 2)
- 2
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 209 9,315 9,524
Disposals - (7,271 ) (7,271 )
As at 29 February 2024 209 2,044 2,253
Depreciation
As at 1 March 2023 183 8,865 9,048
Provided during the period 26 352 378
Disposals - (7,271 ) (7,271 )
As at 29 February 2024 209 1,946 2,155
...CONTINUED
Page 3
Page 4
Net Book Value
As at 29 February 2024 - 98 98
As at 1 March 2023 26 450 476
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,600 -
Other taxes and social security 101 -
Directors' loan accounts 31,789 33,239
Amounts owed by other participating interests - 14,400
33,490 47,639
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) -
Bank loans and overdrafts 7,700 8,230
Corporation tax 3,475 23,885
Other taxes and social security - 32
VAT 1,082 6,474
Accruals and deferred income - 780
Directors' loan accounts - 3,173
12,256 42,574
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 9,625 16,795
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2023 Amounts advanced Amounts repaid Amounts written off As at 29 February 2024
£ £ £ £ £
Mrs April Byrne (3,173 ) 15,988 312 - 12,502
Mr Nicholas Byrne 33,239 57,221 37,935 - 19,286
The above loan is unsecured, interest on loans at 2.25% paid. The loans were repaid on 10th October 2024
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