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REGISTERED NUMBER: 13158331 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Ac Digital Ltd

Ac Digital Ltd (Registered number: 13158331)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ac Digital Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr P J Ascherl
Mrs A I Tulac





REGISTERED OFFICE: 368 Old York Road
London
SW18 1SP





REGISTERED NUMBER: 13158331 (England and Wales)






Ac Digital Ltd (Registered number: 13158331)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 62,226 67,185

CURRENT ASSETS
Stocks 8,000 8,000
Debtors 5 190,996 92,887
Cash at bank 2,831 5,253
201,827 106,140
CREDITORS
Amounts falling due within one year 6 67,740 49,254
NET CURRENT ASSETS 134,087 56,886
TOTAL ASSETS LESS CURRENT
LIABILITIES

196,313

124,071

PROVISIONS FOR LIABILITIES 11,838 12,765
NET ASSETS 184,475 111,306

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 8 184,474 111,305
SHAREHOLDERS' FUNDS 184,475 111,306

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

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

Ac Digital Ltd (Registered number: 13158331)

Balance Sheet - continued
31 January 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 24 October 2024 and were signed on its behalf by:





Mr P J Ascherl - Director


Ac Digital Ltd (Registered number: 13158331)

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

1. STATUTORY INFORMATION

Ac 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 7 (2023 - 6 ) .

Ac Digital Ltd (Registered number: 13158331)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 78,373
Additions 8,634
At 31 January 2024 87,007
DEPRECIATION
At 1 February 2023 11,188
Charge for year 13,593
At 31 January 2024 24,781
NET BOOK VALUE
At 31 January 2024 62,226
At 31 January 2023 67,185

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 98,837 69,344
Other debtors 92,159 23,543
190,996 92,887

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 21,250 22,819
Taxation and social security 40,981 21,362
Other creditors 5,509 5,073
67,740 49,254

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
1 Share capital 1 £1 1 1

Ac Digital Ltd (Registered number: 13158331)

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

8. RESERVES
Retained
earnings
£   

At 1 February 2023 111,305
Profit for the year 97,169
Dividends (24,000 )
At 31 January 2024 184,474

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in debtors is £92,159 (2023: £23,543) in respect of loans to the directors. Interest is charged on the loans at 2.25% per annum with no fixed repayment terms.