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REGISTERED NUMBER: 11310456 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Ingelby Digital Limited

Ingelby Digital Limited (Registered number: 11310456)






Contents of the Financial Statements
for the year ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ingelby Digital Limited

Company Information
for the year ended 31 October 2023







DIRECTORS: E W Chua
O D Lane





REGISTERED OFFICE: c/o Gorrie Whitson
1st Floor, Cromwell House
14 Fulwood Place
London
WC1V 6HZ





REGISTERED NUMBER: 11310456 (England and Wales)





ACCOUNTANTS: Gorrie Whitson Limited
1st Floor, Cromwell House
14 Fulwood Place
London
WC1V 6HZ

Ingelby Digital Limited (Registered number: 11310456)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 305,895 251,464
Tangible assets 5 8,403 8,335
314,298 259,799

CURRENT ASSETS
Stocks 295 5,032
Debtors 6 25,292 74,848
Investments 7 99,000 132,000
Cash at bank and in hand 2,207 601
126,794 212,481
CREDITORS
Amounts falling due within one year 8 191,039 199,403
NET CURRENT (LIABILITIES)/ASSETS (64,245 ) 13,078
TOTAL ASSETS LESS CURRENT
LIABILITIES

250,053

272,877

CREDITORS
Amounts falling due after more than one
year

9

(35,591

)

(39,070

)

PROVISIONS FOR LIABILITIES (1,892 ) (1,584 )
NET ASSETS 212,570 232,223

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 212,470 232,123
SHAREHOLDERS' FUNDS 212,570 232,223

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.

Ingelby Digital Limited (Registered number: 11310456)

Balance Sheet - continued
31 October 2023


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 13 October 2024 and were signed on its behalf by:




O D Lane - Director



E W Chua - Director


Ingelby Digital Limited (Registered number: 11310456)

Notes to the Financial Statements
for the year ended 31 October 2023

1. STATUTORY INFORMATION

Ingelby 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.

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.

Intangible assets
Development costs are initially measured at cost, which are subject to annual impairment review in place of amortisation over a fixed period.

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 etc - 25% on reducing balance and 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Ingelby Digital Limited (Registered number: 11310456)

Notes to the Financial Statements - continued
for the year ended 31 October 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 November 2022 251,464
Additions 54,431
At 31 October 2023 305,895
NET BOOK VALUE
At 31 October 2023 305,895
At 31 October 2022 251,464

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2022 9,804 10,115 19,919
Additions - 2,580 2,580
At 31 October 2023 9,804 12,695 22,499
DEPRECIATION
At 1 November 2022 5,475 6,109 11,584
Charge for year 866 1,646 2,512
At 31 October 2023 6,341 7,755 14,096
NET BOOK VALUE
At 31 October 2023 3,463 4,940 8,403
At 31 October 2022 4,329 4,006 8,335

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 13,876 74,848
Prepayments 11,416 -
25,292 74,848

7. CURRENT ASSET INVESTMENTS
31.10.23 31.10.22
£    £   
Other 99,000 132,000

Ingelby Digital Limited (Registered number: 11310456)

Notes to the Financial Statements - continued
for the year ended 31 October 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other loans 6,747 6,747
Trade creditors 21,522 24,856
Tax 90,064 74,535
Social security and other taxes 87 -
VAT 5,798 4,107
Directors' current accounts 274 9,678
Accruals & deferred income 66,547 79,480
191,039 199,403

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Other loans - 1-2 years 6,747 6,747
Other loans - 2-5 years 20,242 20,242
Other loans more 5yrs instal 8,602 12,081
35,591 39,070

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 8,602 12,081