Registered number
SC442418
Digital Soul Design Ltd
Filleted Accounts
30 March 2024
Digital Soul Design Ltd
Registered number: SC442418
Balance Sheet
as at 30 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 576 720
Current assets
Debtors 4 245 19,574
Cash at bank and in hand 45,977 23,475
46,222 43,049
Creditors: amounts falling due within one year 5 (7,764) (6,384)
Net current assets 38,458 36,665
Total assets less current liabilities 39,034 37,385
Creditors: amounts falling due after more than one year 6 (2,582) (3,764)
Net assets 36,452 33,621
Capital and reserves
Called up share capital 2 2
Profit and loss account 36,450 33,619
Shareholder's funds 36,452 33,621
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Brown
Director
Approved by the board on 25 November 2024
Digital Soul Design Ltd
Notes to the Accounts
for the year ended 30 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services and is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Plant and machinery 20% by reducing balance method
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 31 March 2023 3,394
At 30 March 2024 3,394
Depreciation
At 31 March 2023 2,674
Charge for the year 144
At 30 March 2024 2,818
Net book value
At 30 March 2024 576
At 30 March 2023 720
4 Debtors 2024 2023
£ £
Trade debtors 245 1,084
Other debtors - 18,490
245 19,574
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 7,704 6,385
Other creditors 60 (1)
7,764 6,384
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 2,582 3,764
7 Other information
Digital Soul Design Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
197 Ratagan Court
Glenrothes
Fife
KY7 6XS
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