Vagabond Digital Limited 10651778 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of digital marketing agency. Digita Accounts Production Advanced 6.30.9574.0 true 10651778 2023-04-01 2024-03-31 10651778 2024-03-31 10651778 bus:Director1 2024-03-31 10651778 bus:OrdinaryShareClass1 2024-03-31 10651778 core:CurrentFinancialInstruments 2024-03-31 10651778 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 10651778 core:FurnitureFittingsToolsEquipment 2024-03-31 10651778 bus:SmallEntities 2023-04-01 2024-03-31 10651778 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10651778 bus:FilletedAccounts 2023-04-01 2024-03-31 10651778 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10651778 bus:RegisteredOffice 2023-04-01 2024-03-31 10651778 bus:Director1 2023-04-01 2024-03-31 10651778 bus:Director2 2023-04-01 2024-03-31 10651778 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 10651778 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10651778 bus:Agent1 2023-04-01 2024-03-31 10651778 core:ComputerEquipment 2023-04-01 2024-03-31 10651778 core:FurnitureFittings 2023-04-01 2024-03-31 10651778 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 10651778 countries:EnglandWales 2023-04-01 2024-03-31 10651778 2023-03-31 10651778 core:FurnitureFittingsToolsEquipment 2023-03-31 10651778 2022-04-01 2023-03-31 10651778 2023-03-31 10651778 bus:OrdinaryShareClass1 2023-03-31 10651778 core:CurrentFinancialInstruments 2023-03-31 10651778 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 10651778 core:FurnitureFittingsToolsEquipment 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10651778

Vagabond Digital Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Vagabond Digital Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Balance Sheet

4 to 5

Notes to the Unaudited Financial Statements

6 to 10

 

Vagabond Digital Limited

Company Information

Directors

Mr Andrew James Christopher Evans

Mr Thomas Lee

Registered office

Waulk Mill 3.1 (Beehive)
Vagabond Digital
Bengal Street
Manchester
M4 6LN

Accountants

Williamson Croft Accountants Limited
Chartered Certified Accountants
York House
20 York Street
Manchester
M2 3BB

 

Vagabond Digital Limited

Directors' Report for the Year Ended 31 March 2024

The directors present their report and the financial statements for the year ended 31 March 2024.

Director of the company

The director who held office during the year was as follows:

Mr Thomas Lee

The following director was appointed after the year end:

Mr Andrew James Christopher Evans (appointed 22 April 2024)

Principal activity

The principal activity of the company is that of digital marketing agency.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 23 December 2024 and signed on its behalf by:
 

.........................................
Mr Andrew James Christopher Evans
Director

.........................................
Mr Thomas Lee
Director

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Vagabond Digital Limited
for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Vagabond Digital Limited for the year ended 31 March 2024 as set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Vagabond Digital Limited, as a body, in accordance with the terms of our engagement letter dated 6 July 2023. Our work has been undertaken solely to prepare for your approval the accounts of Vagabond Digital Limited and state those matters that we have agreed to state to the Board of Directors of Vagabond Digital Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Vagabond Digital Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Vagabond Digital Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Vagabond Digital Limited. You consider that Vagabond Digital Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Vagabond Digital Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Williamson Croft Accountants Limited
Chartered Certified Accountants
York House
20 York Street
Manchester
M2 3BB

23 December 2024

 

Vagabond Digital Limited

(Registration number: 10651778)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

18,212

19,351

Current assets

 

Debtors

5

225,890

128,646

Cash at bank and in hand

 

221,001

212,783

 

446,891

341,429

Creditors: Amounts falling due within one year

6

(123,070)

(128,273)

Net current assets

 

323,821

213,156

Total assets less current liabilities

 

342,033

232,507

Provisions for liabilities

(4,553)

-

Net assets

 

337,480

232,507

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

337,380

232,407

Shareholders' funds

 

337,480

232,507

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 23 December 2024 and signed on its behalf by:
 

 

Vagabond Digital Limited

(Registration number: 10651778)
Balance Sheet as at 31 March 2024

.........................................
Mr Andrew James Christopher Evans
Director

.........................................
Mr Thomas Lee
Director

 

Vagabond Digital Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Waulk Mill 3.1 (Beehive)
Vagabond Digital
Bengal Street
Manchester
M4 6LN
England

These financial statements were authorised for issue by the Board on 23 December 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company.

Summary of disclosure exemptions

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Vagabond Digital Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and Fittings

25% reducing balance

Computer Equipment

33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Vagabond Digital Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 16 (2023 - 7).

 

Vagabond Digital Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

31,963

31,963

Additions

9,001

9,001

At 31 March 2024

40,964

40,964

Depreciation

At 1 April 2023

12,612

12,612

Charge for the year

10,140

10,140

At 31 March 2024

22,752

22,752

Carrying amount

At 31 March 2024

18,212

18,212

At 31 March 2023

19,351

19,351

5

Debtors

Current

2024
£

2023
£

Trade debtors

189,654

125,090

Prepayments

4,397

-

Other debtors

31,839

3,556

 

225,890

128,646

 

Vagabond Digital Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Creditors

2024
£

2023
£

Due within one year

Trade creditors

5,734

20,384

Taxation and social security

95,321

75,133

Accruals and deferred income

2,833

-

Other creditors

19,182

32,756

123,070

128,273

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Share capital of £1 each

100

100

100

100