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Registered number: 07754241
DIGITAL ACE LIMITED
Directors' Report and
Unaudited Financial Statements
For The Year Ended 30 April 2024
Chadwick Accountants & Bookkeepers Ltd
Contents
Page
Company Information 1
Directors' Report 2
Accountant's Report 3
Profit and Loss Account 4
Balance Sheet 5
Page 1
Company Information
Directors Mr Richard Ethell
Mr Paul Gray
Company Number 07754241
Registered Office 2C LUPTON COURT
LUPTON ROAD
THAME
OXON
OX9 3SE
Accountants Chadwick Accountants & Bookkeepers Ltd
Avon View Offices
90 High Street
Bidford-on-Avon
Warwickshire
B50 4AF
Page 1
Page 2
Directors' Report
The directors present their report and the financial statements for the year ended 30 April 2024.
Directors
The directors who held office during the year were as follows:
Mr Richard Ethell
Mr Paul Gray
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to: 
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has 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.
On behalf of the board
Mr Richard Ethell
Director
14/11/2024
Page 2
Page 3
Accountant's Report
Report of the Accountant to the directors of DIGITAL ACE LIMITED
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 30 April 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”.
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Signed
14/11/2024
Chadwick Accountants & Bookkeepers Ltd
Avon View Offices
90 High Street
Bidford-on-Avon
Warwickshire
B50 4AF
Page 3
Page 4
Profit and Loss Account
2024 2023
£ £
TURNOVER 26,000 24,405
Depreciation and other amounts written off assets (35 ) (59 )
Other charges (5,312 ) (5,420 )
PROFIT BEFORE TAXATION 20,653 18,926
Tax (2,229 ) (5,610 )
NET PROFIT 18,424 13,316
Page 4
Page 5
Balance Sheet
2024 2023
£ £
Fixed assets 384,477 384,512
Current assets (211,271 ) (212,229 )
Prepayments and accrued income 7,200 263
Creditors: Amounts Falling Due Within One Year (55,915 ) (76,100 )
NET CURRENT LIABILITIES (259,986 ) (288,066 )
TOTAL ASSETS LESS CURRENT LIABILITIES 124,491 96,446
Creditors: Amounts Falling After More Than One Year (11,987 ) -
Accruals and deferred income (659 ) (3,025 )
NET ASSETS 111,845 93,421
CAPITAL AND RESERVES 111,845 93,421

Notes

1. General Information
DIGITAL ACE LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 07754241 . The registered office is 2C LUPTON COURT, LUPTON ROAD, THAME, OXON, OX9 3SE.
2. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions.
On behalf of the board
Mr Richard Ethell
Director
14/11/2024
Page 5