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REGISTERED NUMBER: 08047027 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Sowden Digital Ltd

Sowden Digital Ltd (Registered number: 08047027)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sowden Digital Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Miss R J Allen
Mr J R Sowden





REGISTERED OFFICE: Suite 1 The Riverside Building
Livingstone Road
Hessle
East Yorkshire
HU13 0DZ





REGISTERED NUMBER: 08047027 (England and Wales)





ACCOUNTANTS: Harris Lacey and Swain
Suite 1
The Riverside Building
Hessle
East Yorkshire
HU13 0DZ

Sowden Digital Ltd (Registered number: 08047027)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,935 15,393

CURRENT ASSETS
Debtors 5 10,546 23,166
Cash at bank 13,439 12,696
23,985 35,862
CREDITORS
Amounts falling due within one year 6 36,130 47,834
NET CURRENT LIABILITIES (12,145 ) (11,972 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,790

3,421

PROVISIONS FOR LIABILITIES 3,307 2,925
NET ASSETS 2,483 496

CAPITAL AND RESERVES
Called up share capital 135 135
Retained earnings 2,348 361
SHAREHOLDERS' FUNDS 2,483 496

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.

Sowden Digital Ltd (Registered number: 08047027)

Balance Sheet - continued
31 March 2024


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 17 October 2024 and were signed on its behalf by:





Mr J R Sowden - Director


Sowden Digital Ltd (Registered number: 08047027)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Sowden Digital Ltd 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.

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.

Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

The company recognises revenue when the significant risks and rewards of ownership have been transferred to the buyer; the company retains no continuing involvement or control over the goods; the amount of revenue can be measured reliably; it is probable that future economic benefits will flow to the entity and when the specific criteria relating to each of the company's sales channels have been met, as described below.

Interest income is recognised using the effective interest rate method.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - Straight line over 3 years

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.

Sowden Digital Ltd (Registered number: 08047027)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

Estimates and judgements
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the Directors' best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The Directors do not consider there to be any material estimates and judgements.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors, are initially recognised at transaction value and subsequently measured at their settlement value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 740 16,113 10,200 27,053
Additions 998 - 5,104 6,102
Disposals (259 ) - (6,087 ) (6,346 )
At 31 March 2024 1,479 16,113 9,217 26,809
DEPRECIATION
At 1 April 2023 712 2,646 8,302 11,660
Charge for year 388 265 2,907 3,560
Eliminated on disposal (259 ) - (6,087 ) (6,346 )
At 31 March 2024 841 2,911 5,122 8,874
NET BOOK VALUE
At 31 March 2024 638 13,202 4,095 17,935
At 31 March 2023 28 13,467 1,898 15,393

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,546 23,166

Sowden Digital Ltd (Registered number: 08047027)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 13,291 15,070
Other creditors 22,839 32,764
36,130 47,834

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr J R Sowden
Balance outstanding at start of year (21,149 ) (11,115 )
Amounts advanced 30,110 18,398
Amounts repaid (22,534 ) (28,432 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (13,573 ) (21,149 )

Miss R J Allen
Balance outstanding at start of year (10,415 ) (6,473 )
Amounts advanced 10,538 6,212
Amounts repaid (8,090 ) (10,154 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (7,967 ) (10,415 )

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J R Sowden.