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Company Registration No. 12293831 (England and Wales)
We Are The Digital Type Limited Unaudited accounts for the year ended 29 February 2024
We Are The Digital Type Limited Unaudited accounts Contents
Page
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We Are The Digital Type Limited Company Information for the year ended 29 February 2024
Director
Candice Elizabeth Lott
Company Number
12293831 (England and Wales)
Registered Office
Gloucester House 23a London Road Peterborough PE2 8AN England
Accountants
Realise Finance Ltd Gloucester House 23a London Road Peterborough PE2 8AN
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We Are The Digital Type Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,208 
6,556 
Current assets
Debtors
35,130 
14,530 
Cash at bank and in hand
20,308 
68,458 
55,438 
82,988 
Creditors: amounts falling due within one year
(22,940)
(31,760)
Net current assets
32,498 
51,228 
Net assets
41,706 
57,784 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
41,705 
57,783 
Shareholders' funds
41,706 
57,784 
For the year ending 29 February 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 November 2024 and were signed on its behalf by
Candice Elizabeth Lott Director Company Registration No. 12293831
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We Are The Digital Type Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
We Are The Digital Type Limited is a private company, limited by shares, registered in England and Wales, registration number 12293831. The registered office is Gloucester House, 23a London Road, Peterborough, PE2 8AN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% straight line
Computer equipment
33% straight line
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Going concern
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore, the director continues to adopt the going concern basis of accounting in the preperation of these financial statements.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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We Are The Digital Type Limited Notes to the Accounts for the year ended 29 February 2024
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
2,610 
9,019 
11,629 
Additions
3,090 
9,349 
12,439 
Disposals
(686)
(3,122)
(3,808)
At 29 February 2024
5,014 
15,246 
20,260 
Depreciation
At 1 March 2023
1,145 
3,928 
5,073 
Charge for the year
1,004 
5,029 
6,033 
On disposals
(54)
- 
(54)
At 29 February 2024
2,095 
8,957 
11,052 
Net book value
At 29 February 2024
2,919 
6,289 
9,208 
At 28 February 2023
1,465 
5,091 
6,556 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
35,130 
12,030 
Accrued income and prepayments
- 
2,500 
35,130 
14,530 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,071 
4,469 
Trade creditors
- 
1,019 
Taxes and social security
15,119 
15,283 
Loans from directors
2,505 
2,519 
Accruals
245 
1,720 
Deferred income
- 
6,750 
22,940 
31,760 
7
Average number of employees
During the year the average number of employees was 3 (2023: 1).
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