Company Registration No. 10588662 (England and Wales)
STRATEGICALLY DIGITAL LTD
ANNUAL REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
PAGES FOR FILING WITH REGISTRAR
STRATEGICALLY DIGITAL LTD
BALANCE SHEET
AS AT 31 JANUARY 2024
31 January 2024
1
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
100
893
Current assets
Cash at bank and in hand
2,277
3,811
Creditors: amounts falling due within one year
4
(19,863)
(18,963)
Net current liabilities
(17,586)
(15,152)
Total assets less current liabilities
(17,486)
(14,259)
Creditors: amounts falling due after more than one year
5
(3,083)
(4,569)
Net liabilities
(20,569)
(18,828)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(20,570)
(18,829)
Total equity
(20,569)
(18,828)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
STRATEGICALLY DIGITAL LTD
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024
31 January 2024
2
The financial statements were approved and signed by the director and authorised for issue on 26 October 2024
Mr C Maskelyne
Director
Company registration number 10588662 (England and Wales)
STRATEGICALLY DIGITAL LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
3
1
Accounting policies
Company information
Strategically Digital Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 19 The Park Way, Southampton, SO16 3PB.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
The company is reliant on the continued financial support of the director. The director has confirmed that they have no intention of withdrawing that financial support in the foreseeable future. The accounts have therefore been prepared on a going concern basistrue.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings and equipment
25% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
STRATEGICALLY DIGITAL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
1
Accounting policies (Continued)
4
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2023 and 31 January 2024
5,884
Depreciation and impairment
At 1 February 2023
4,991
Depreciation charged in the year
793
At 31 January 2024
5,784
Carrying amount
At 31 January 2024
100
At 31 January 2023
893
STRATEGICALLY DIGITAL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
5
4
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
1,485
1,449
Trade creditors
1,837
1,045
Other creditors
16,541
16,469
19,863
18,963
5
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
3,083
4,569