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REGISTERED NUMBER: 03250747 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 October 2024

for

DIG-FX Limited

DIG-FX Limited (Registered number: 03250747)

Contents of the Financial Statements
for the Year Ended 31 October 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DIG-FX Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: K L Phillips





REGISTERED OFFICE: Oak Cottage
London Road
Overton
Hampshire
RG25 3AD





REGISTERED NUMBER: 03250747 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

DIG-FX Limited (Registered number: 03250747)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 128,822 86,705

CURRENT ASSETS
Debtors 5 88,615 43,277
Cash at bank and in hand 28,710 23,223
117,325 66,500
CREDITORS
Amounts falling due within one year 6 70,133 80,850
NET CURRENT ASSETS/(LIABILITIES) 47,192 (14,350 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

176,014

72,355

CREDITORS
Amounts falling due after more than one
year

7

(27,726

)

-

PROVISIONS FOR LIABILITIES 9 (11,540 ) (14,549 )
NET ASSETS 136,748 57,806

CAPITAL AND RESERVES
Called up share capital 10 120 110
Retained earnings 136,628 57,696
SHAREHOLDERS' FUNDS 136,748 57,806

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

DIG-FX Limited (Registered number: 03250747)

Balance Sheet - continued
31 October 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 November 2024 and were signed by:





K L Phillips - Director


DIG-FX Limited (Registered number: 03250747)

Notes to the Financial Statements
for the Year Ended 31 October 2024


1. STATUTORY INFORMATION

DIG-FX Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold Improvements - 10% on cost
Plant and machinery - 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on reducing balance

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


DIG-FX Limited (Registered number: 03250747)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, adjusted for indexation where applicable.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Leasehold Plant and Motor Computer
Improvements machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 36,314 55,823 45,815 13,204 151,156
Additions - 820 70,835 3,954 75,609
Disposals - - (2,400 ) (6,985 ) (9,385 )
At 31 October 2024 36,314 56,643 114,250 10,173 217,380
DEPRECIATION
At 1 November 2023 3,631 12,400 40,682 7,738 64,451
Charge for year 3,631 5,662 20,275 1,834 31,402
Eliminated on disposal - - (2,400 ) (4,895 ) (7,295 )
At 31 October 2024 7,262 18,062 58,557 4,677 88,558
NET BOOK VALUE
At 31 October 2024 29,052 38,581 55,693 5,496 128,822
At 31 October 2023 32,683 43,423 5,133 5,466 86,705

DIG-FX Limited (Registered number: 03250747)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 85,951 41,250
Other debtors 2,664 2,027
88,615 43,277

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Hire purchase contracts (see note 8) 7,214 -
Trade creditors 4,620 9,135
Taxation and social security 34,891 13,490
Other creditors 23,408 58,225
70,133 80,850

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Hire purchase contracts (see note 8) 27,726 -

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.10.24 31.10.23
£    £   
Net obligations repayable:
Within one year 7,214 -
Between one and five years 27,726 -
34,940 -

9. PROVISIONS FOR LIABILITIES
31.10.24 31.10.23
£    £   
Deferred tax 11,540 14,549

Deferred
tax
£   
Balance at 1 November 2023 14,549
Accelerated capital allowances (3,009 )
Balance at 31 October 2024 11,540

DIG-FX Limited (Registered number: 03250747)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
100 Ordinary £1 100 100
10 B Non voting £1 10 10
10 Ordinary C £1 10 -
120 110

Allotted and issued:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
10 Ordinary C £1 10 -

The following shares were issued during the year for cash at par :

10 Ordinary C shares of £1