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REGISTERED NUMBER: 12182801 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 October 2023

for

DigitalKOG Limited

DigitalKOG Limited (Registered number: 12182801)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DigitalKOG Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: S Ormand
M Giscombe
M Tinnion
M Allen





REGISTERED OFFICE: The Cutting Room
Thornes Lane Wharf
Wakefield
West Yorkshire
WF1 5RL





REGISTERED NUMBER: 12182801 (England and Wales)





ACCOUNTANTS: Equate Limited
Chartered Certified Accountants
The Hive
142 Thornes Lane
Wakefield
West Yorkshire
WF2 7RE

DigitalKOG Limited (Registered number: 12182801)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,081 17,526

CURRENT ASSETS
Debtors 5 425,235 346,061
Cash at bank and in hand 414,838 186,720
840,073 532,781
CREDITORS
Amounts falling due within one year 6 259,263 301,759
NET CURRENT ASSETS 580,810 231,022
TOTAL ASSETS LESS CURRENT
LIABILITIES

591,891

248,548

PROVISIONS FOR LIABILITIES 2,770 3,330
NET ASSETS 589,121 245,218

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 589,111 245,208
589,121 245,218

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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 11 October 2024 and were signed on its behalf by:



S Ormand - Director


DigitalKOG Limited (Registered number: 12182801)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

DigitalKOG 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.

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, net of discounts and value added taxes. 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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 - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties.

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.

DigitalKOG Limited (Registered number: 12182801)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued

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 26 (2022 - 22 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 November 2022 10,337 5,748 23,673 39,758
Additions - - 2,395 2,395
At 31 October 2023 10,337 5,748 26,068 42,153
DEPRECIATION
At 1 November 2022 2,753 2,323 17,156 22,232
Charge for year 2,067 1,149 5,624 8,840
At 31 October 2023 4,820 3,472 22,780 31,072
NET BOOK VALUE
At 31 October 2023 5,517 2,276 3,288 11,081
At 31 October 2022 7,584 3,425 6,517 17,526

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 213,703 188,486
Other debtors 204,515 98,806
Directors' current accounts - 50,000
Prepayments and accrued income 7,017 8,769
425,235 346,061

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 1,507 17,926
Tax 152,020 68,325
Social security and other taxes 29,068 22,130
VAT 65,988 68,137
Other creditors 327 324
Directors' current accounts 2,000 50,000
Accruals and deferred income 8,353 74,917
259,263 301,759

DigitalKOG Limited (Registered number: 12182801)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.10.23 31.10.22
£    £   
Within one year 59,075 -
Between one and five years 190,931 -
250,006 -

8. RELATED PARTY DISCLOSURES

During the year a loan was advanced to The Conservatory Outlet Limited a company with a mutual director. The loan is repayable on demand and non interest bearing.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S Ormand.