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REGISTERED NUMBER: 09326279 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

DIGITEL (UK) LIMITED

DIGITEL (UK) LIMITED (REGISTERED NUMBER: 09326279)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DIGITEL (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: A Ible





REGISTERED OFFICE: Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA





BUSINESS ADDRESS: Henley House
Barnett Way
Barnwood
Gloucester
Gloucestershire
GL4 3RT





REGISTERED NUMBER: 09326279 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

DIGITEL (UK) LIMITED (REGISTERED NUMBER: 09326279)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,204 11,594

CURRENT ASSETS
Debtors 5 979,898 986,016
Cash at bank 186,064 248,174
1,165,962 1,234,190
CREDITORS
Amounts falling due within one year 6 242,162 219,524
NET CURRENT ASSETS 923,800 1,014,666
TOTAL ASSETS LESS CURRENT
LIABILITIES

932,004

1,026,260

CREDITORS
Amounts falling due after more than one
year

7

(13,089

)

(21,050

)

PROVISIONS FOR LIABILITIES (1,559 ) -
NET ASSETS 917,356 1,005,210

CAPITAL AND RESERVES
Called up share capital 95 95
Retained earnings 917,261 1,005,115
917,356 1,005,210

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

DIGITEL (UK) LIMITED (REGISTERED NUMBER: 09326279)

BALANCE SHEET - continued
30 NOVEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 October 2024 and were signed by:





A Ible - Director


DIGITEL (UK) LIMITED (REGISTERED NUMBER: 09326279)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Digitel (UK) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course fo the company's activities. Turnover is shown net of Value Added Tax, returns, rebates and discounts.

The company recognises revenue when:
1. The amount of revenue can be reliably measured;
2. It is probably that future economic benefits will flow to the entity;
3. and specific criteria have been met for each of the company's activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Financial instruments
Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

DIGITEL (UK) LIMITED (REGISTERED NUMBER: 09326279)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

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.

Provisions
Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

Going concern
There are no material uncertainties that may cast significant doubt about the company’s ability to continue as a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2022 7,991 11,285 19,276
Additions 158 - 158
At 30 November 2023 8,149 11,285 19,434
DEPRECIATION
At 1 December 2022 3,359 4,323 7,682
Charge for year 1,191 2,357 3,548
At 30 November 2023 4,550 6,680 11,230
NET BOOK VALUE
At 30 November 2023 3,599 4,605 8,204
At 30 November 2022 4,632 6,962 11,594

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 189,555 167,714
Amounts owed by group undertakings 788,768 816,924
Prepayments 1,575 1,378
979,898 986,016

DIGITEL (UK) LIMITED (REGISTERED NUMBER: 09326279)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 8,240 8,279
Trade creditors 13,958 3,546
Corporation Tax 104,637 110,667
Social security and other taxes 16,628 3,770
Wages Payable - 56
Pension control 1,130 882
VAT 93,875 88,630
Accruals and deferred income 3,694 3,694
242,162 219,524

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 13,089 21,050

8. RELATED PARTY DISCLOSURES

On 28th September 2020, the shares in the company were acquired by Digitel (UK) Holdings Limited such that Digitel (UK) Limited is now a fully owned subsidiary of the company. The parent company's registered address is Chargrove House, Shurdington Road, Cheltenham, Gloucestershire, GL51 4GA.

Digitel (UK) Limited was owed £788,768 by the parent company at the yearend, (2022: £816,924).