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Registration number: 04680604

Them Digital Assistance Ltd

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 March 2024

 

Them Digital Assistance Ltd

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 12

 

Them Digital Assistance Ltd

Company Information

Directors

Mr Jemal Hussein

Mr Sunil Morzaria

Mr Jason Anthony Willson

Company secretary

Mr Jason Anthony Willson

Registered office

WeWork
1 Waterhouse Square
London
EC1N 2ST

Accountants

Franklin, Chartered Accountants
320 Garratt Lane
London
SW18 4EJ

 

Them Digital Assistance Ltd

(Registration number: 04680604)
Abridged Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Debtors

5

150,064

195,901

Cash at bank and in hand

 

174,865

218,842

 

324,929

414,743

Creditors: Amounts falling due within one year

(228,413)

(285,875)

Total assets less current liabilities

 

96,516

128,868

Provisions for liabilities

(2,459)

(4,870)

Net assets

 

94,057

123,998

Capital and reserves

 

Called up share capital

6

1,000

1,000

Retained earnings

93,057

122,998

Shareholders' funds

 

94,057

123,998

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 October 2024 and signed on its behalf by:
 

.........................................
Mr Jemal Hussein
Director

 

Them Digital Assistance Ltd

(Registration number: 04680604)
Abridged Balance Sheet as at 31 March 2024

.........................................
Mr Sunil Morzaria
Director

.........................................
Mr Jason Anthony Willson
Company secretary and director

 

Them Digital Assistance Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
WeWork
1 Waterhouse Square
London
EC1N 2ST
England

The principal place of business is:
WeWork
1 Waterhouse Square
London
EC1N 2ST
England

These financial statements were authorised for issue by the Board on 29 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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

 

Them Digital Assistance Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computers

33.33% Straight Line

Fixture & Fittings

25% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Them Digital Assistance Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Them Digital Assistance Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

Financial instruments

Classification
The Company has chosen to adopt sections 11 and 12 of FRS 102 in respect of financial instruments.

 Recognition and measurement
Financial instruments are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate.

 Impairment
Financial instruments are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2023 - 6).

 

Them Digital Assistance Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

36,549

36,549

At 31 March 2024

36,549

36,549

Depreciation

At 1 April 2023

36,549

36,549

At 31 March 2024

36,549

36,549

Carrying amount

At 31 March 2024

-

-

5

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Share A of £1 each

780

780

780

780

Ordinary Share B of £1 each

220

220

220

220

1,000

1,000

1,000

1,000

7

Dividends

2024

2023

£

£

Interim dividend of £236.2462 (2023 - £231.9885) per ordinary share

184,272

180,951

 

 

8

Related party transactions

 

Them Digital Assistance Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

Transactions with directors

2024

At 1 April 2023
£

Advances to director
£

Repayments by director
£

At 31 March 2024
£

Mr Jemal Hussein

Director Loan

(23,506)

20,006

(20,000)

(23,500)

Mr Sunil Morzaria

Director Loan

(23,506)

20,006

(20,000)

(23,500)

Mr Jason Anthony Willson

Director Loan

(23,506)

20,006

(20,000)

(23,500)

2023

At 1 April 2022
£

Advances to director
£

Repayments by director
£

At 31 March 2023
£

Mr Jemal Hussein

Director Loan

(21,576)

20,788

(22,718)

(23,506)

Mr Sunil Morzaria

Director Loan

(21,576)

20,788

(22,718)

(23,506)

Mr Jason Anthony Willson

Director Loan

(21,576)

20,788

(22,718)

(23,506)

 

Them Digital Assistance Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

 

Them Digital Assistance Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

37,710

35,703

Contributions paid to money purchase schemes

69,000

117,412

106,710

153,115

Dividends paid to directors

2024
£

2023
£

Mr Jemal Hussein

Interim Dividends

61,424

60,317

 

 

Mr Sunil Morzaria

Interim Dividends

61,424

60,317

 

 

Mr Jason Anthony Willson

Interim Dividend

61,424

60,317

 

 

Summary of transactions with entities with joint control or significant interest

Them Connect Limited
 Buying and selling services from each other.
 

Loans to related parties

2024

Entities with joint control or significant influence
£

Total
£

At start of period

60,711

60,711

At end of period

60,711

60,711

 

Them Digital Assistance Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

2023

Entities with joint control or significant influence
£

Total
£

At start of period

60,711

60,711

At end of period

60,711

60,711