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REGISTERED NUMBER: 08960829 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

W4 Digital Limited

W4 Digital Limited (Registered number: 08960829)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W4 Digital Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr N J Pateman





REGISTERED OFFICE: c/o Wilson Partners Limited,
TOR
Saint-Cloud Way
Maidenhead
Berkshire
SL6 8BN





REGISTERED NUMBER: 08960829 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chartered Accountants
TOR
Saint-Cloud Way
Maidenhead
Berkshire
SL6 8BN

W4 Digital Limited (Registered number: 08960829)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 319,816 160,443
Tangible assets 5 66,510 39,576
Investments 6 - 225,442
386,326 425,461

CURRENT ASSETS
Debtors 7 204,309 53,984
Cash at bank 212,455 540,721
416,764 594,705
CREDITORS
Amounts falling due within one year 8 (2,538 ) (219,693 )
NET CURRENT ASSETS 414,226 375,012
TOTAL ASSETS LESS CURRENT LIABILITIES 800,552 800,473

PROVISIONS FOR LIABILITIES (16,628 ) (7,519 )
NET ASSETS 783,924 792,954

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 783,922 792,952
SHAREHOLDERS' FUNDS 783,924 792,954

W4 Digital Limited (Registered number: 08960829)

Balance Sheet - continued
31 March 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 December 2024 and were signed by:





Mr N J Pateman - Director


W4 Digital Limited (Registered number: 08960829)

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

1. STATUTORY INFORMATION

W4 Digital 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Significant judgements and estimates
In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The company does not make significant estimates and assumptions concerning the future.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the rights to consideration.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment loss.

Computer software is being amortised evenly over its estimated useful life of 5 years.

Crypto currency are carried at their revalued amounts, being fair value at the date of valuation.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are included at cost less depreciation and impairment.

Financial instruments
Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and 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 and loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

W4 Digital Limited (Registered number: 08960829)

Notes to the Financial Statements - continued
for the Year Ended 31 March 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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST OR VALUATION
At 1 April 2023 164,526
Revaluations 160,347
At 31 March 2024 324,873
AMORTISATION
At 1 April 2023 4,083
Charge for year 974
At 31 March 2024 5,057
NET BOOK VALUE
At 31 March 2024 319,816
At 31 March 2023 160,443

Cost or valuation at 31 March 2024 is represented by:

Other
intangible
assets
£   
Valuation in 2024 324,873

W4 Digital Limited (Registered number: 08960829)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 120,190
Additions 69,990
Disposals (106,650 )
At 31 March 2024 83,530
DEPRECIATION
At 1 April 2023 80,614
Charge for year 12,443
Eliminated on disposal (76,037 )
At 31 March 2024 17,020
NET BOOK VALUE
At 31 March 2024 66,510
At 31 March 2023 39,576

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 225,442
Additions 1,563
Disposals (227,287 )
Revaluations 282
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 225,442

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2023 225,442

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 211
Other debtors 204,309 53,773
204,309 53,984

W4 Digital Limited (Registered number: 08960829)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - 1,540
Taxation and social security 2,246 110,551
Other creditors 292 107,602
2,538 219,693

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mr N J Pateman
Balance outstanding at start of year 51,932 (99,168 )
Amounts advanced 11,272 456,544
Amounts repaid (61,481 ) (305,444 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,723 51,932

10. RELATED PARTY DISCLOSURES

As at the period end date the company was owed £158,837 from Coinmedia Limited, a company in which Director Mr N J Pateman is the controlling shareholder (2023: 74,702 owed to Coinmedia Limited).

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr N J Pateman.