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Your Digital Accountant Limited
Registered Number:11653866
For the year ended 30 April 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 April 2024
Your Digital Accountant Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
11653866
As at 30 April 2024
Your Digital Accountant Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
22,050
29,859
3
22,050
29,859
Current assets
Inventories
106,888
21,705
4
Trade and other receivables
136,281
143,990
5
3,675
Cash and cash equivalents
1,330
167,025
246,844
Trade and other payables: amounts falling due within one
year
(185,893)
(180,859)
6
60,951
(13,834)
Net current liabilities
Total assets less current liabilities
8,216
90,810
Trade and other payables: amounts falling due after more
than one year
(64,989)
(53,486)
7
(45,270)
Net assets/liabilities
25,821
Capital and reserves
Called up share capital
150
150
Retained earnings
(45,420)
25,671
(45,270)
25,821
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mrs Fiona Jane Thoburn Director
These financial statements were approved and authorised for issue by the Board on 24 June 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 April 2024
Your Digital Accountant Limited
Notes to the Financial Statements
Statutory Information
Your Digital Accountant Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 11653866.
Registered address:
2, Defender Court
Sunderland Enterprise Park
Sunderland
Tyne and Wear
SR5 3PE
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
These financial statements have been prepared for the period from 1st November 2018 to 30th April 2020, a period
longer than one year. The director took this decision to achieve a coterminus year end with related businesses. As
this is the company's first accounting period, there are no comparative figures to present.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of 1 year.
Intangible assets
Other intangible assets, being other amounts paid in connection with the acquisition of a business in 2018, are being amortised evenly over the estimated useful life of 1 year.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
33.33% Straight line
Computer Equipment
25% Reducing balance
Motor Vehicles
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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5
For the year ended 30 April 2024
Your Digital Accountant Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Other
Intangible
Assets
Total
Goodwill
Cost or valuation
£
£
£
6,500
At 01 May 2023
86,152
79,652
86,152
6,500
At 30 April 2024
79,652
Amortisation
86,152
6,500
At 01 May 2023
79,652
86,152
At 30 April 2024
6,500
79,652
-
Net book value
-
At 30 April 2024
-
At 30 April 2023
-
-
-
Intangible assers are measured at cost.
3. Property, plant and equipment
Total
Computer
Equipment
Motor Vehicles
£
£
£
Cost or
valuation
At 01 May 2023
46,834
5,784
41,050
At 30 April 2024
41,050
5,784
46,834
Provision for depreciation and impairment
At 01 May 2023
16,975
4,147
12,828
Charge for year
7,809
753
7,056
At 30 April 2024
24,784
4,900
19,884
At 30 April 2024
Net book value
21,166
884
22,050
At 30 April 2023
28,222
1,637
29,859
4. Inventories
2023
2024
£
£
Stocks
21,705
106,888
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6
For the year ended 30 April 2024
Your Digital Accountant Limited
Notes to the Financial Statements Continued
5. Trade and other receivables
2023
2024
£
£
Trade debtors
93,846
97,428
Other debtors
50,144
38,853
136,281
143,990
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
5,556
5,555
Trade creditors
10,149
16,466
Taxation and social security
65,412
56,222
Other creditors
99,742
107,650
180,859
185,893
7. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
28,241
33,796
Other creditors
25,245
31,193
53,486
64,989
Analysis of creditors falling due after more than five years:
Payable by instalments
-
11,574
8. Related party transactions
As at 30 April 2024, Short Daisies LLP (Mrs Fiona Jane Thoburn is a designated member of Short Daisies LLP) was
owed £39,344 (year ended 30 April 2023 - £6,762). This balance arose in relation to a inter business transactions.
As at 30 April 2024, Mrs Fiona Jane Thoburn (a director of the company) was owed £13,150 (year ended 30 April
2023 - £0). This balance was in relation to a loan.
9. Average number of persons employed
During the period the average number of employees was 6 (2023 : 6)
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