Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 11245441 Mrs April Byrne Mr Nicholas Byrne iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11245441 2023-03-31 11245441 2024-03-31 11245441 2023-04-01 2024-03-31 11245441 frs-core:CurrentFinancialInstruments 2024-03-31 11245441 frs-core:ComputerEquipment 2024-03-31 11245441 frs-core:ComputerEquipment 2023-04-01 2024-03-31 11245441 frs-core:ComputerEquipment 2023-03-31 11245441 frs-core:ShareCapital 2024-03-31 11245441 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11245441 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11245441 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 11245441 frs-bus:SmallEntities 2023-04-01 2024-03-31 11245441 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11245441 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11245441 frs-bus:Director1 2023-04-01 2024-03-31 11245441 frs-bus:Director1 2023-03-31 11245441 frs-bus:Director1 2024-03-31 11245441 frs-bus:Director2 2023-04-01 2024-03-31 11245441 frs-bus:Director2 2023-03-31 11245441 frs-bus:Director2 2024-03-31 11245441 frs-countries:EnglandWales 2023-04-01 2024-03-31 11245441 2022-03-31 11245441 2023-03-31 11245441 2022-04-01 2023-03-31 11245441 frs-core:CurrentFinancialInstruments 2023-03-31 11245441 frs-core:ShareCapital 2023-03-31 11245441 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 11245441
Digital Native Group Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11245441
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,829 617
1,829 617
CURRENT ASSETS
Debtors 5 75,386 42,500
Cash at bank and in hand 17,568 3,487
92,954 45,987
Creditors: Amounts Falling Due Within One Year 6 (71,332 ) (22,478 )
NET CURRENT ASSETS (LIABILITIES) 21,622 23,509
TOTAL ASSETS LESS CURRENT LIABILITIES 23,451 24,126
NET ASSETS 23,451 24,126
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 23,351 24,026
SHAREHOLDERS' FUNDS 23,451 24,126
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Page 2
For the 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.
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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Nicholas Byrne
Director
12/06/2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Digital Native Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11245441 . The registered office is 3 North Avenue, Farnham, Surrey, GU9 0RD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25%
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: NIL)
2 -
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2023 823
Additions 1,730
As at 31 March 2024 2,553
Depreciation
As at 1 April 2023 206
Provided during the period 518
As at 31 March 2024 724
Net Book Value
As at 31 March 2024 1,829
As at 1 April 2023 617
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 30,810 22,500
Directors' loan accounts 44,576 20,000
75,386 42,500
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 (1 )
Corporation tax 24,891 7,926
Other taxes and social security 31,175 -
VAT 15,179 67
Accruals and deferred income 86 86
Amounts owed to related parties - 14,400
71,332 22,478
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mrs April Byrne 1,856 37,558 16,632 - 22,783
Mr Nicholas Byrne 18,143 37,558 33,909 - 21,793
The above loans are unsecured, interest free and repayable on demand. The loans wre repaid on 15th November 2024.
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