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REGISTERED NUMBER: 09563078 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th April 2024

for

Digital Republic Talent Ltd

Digital Republic Talent Ltd (Registered number: 09563078)






Contents of the Financial Statements
for the Year Ended 30th April 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Digital Republic Talent Ltd (Registered number: 09563078)

Balance Sheet
30th April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,570 7,912
2,570 7,912

CURRENT ASSETS
Debtors 6 98,918 37,457
Cash at bank and in hand 11,023 372,014
109,941 409,471
CREDITORS
Amounts falling due within one year 7 156,597 151,584
NET CURRENT (LIABILITIES)/ASSETS (46,656 ) 257,887
TOTAL ASSETS LESS CURRENT
LIABILITIES

(44,086

)

265,799

CREDITORS
Amounts falling due after more than one
year

8

160,113

203,798
NET (LIABILITIES)/ASSETS (204,199 ) 62,001

CAPITAL AND RESERVES
Called up share capital 1,100 1,100
Retained earnings (205,299 ) 60,901
(204,199 ) 62,001

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

Digital Republic Talent Ltd (Registered number: 09563078)

Balance Sheet - continued
30th April 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 23rd December 2024 and were signed by:





R Manso - Director


Digital Republic Talent Ltd (Registered number: 09563078)

Notes to the Financial Statements
for the Year Ended 30th April 2024

1. STATUTORY INFORMATION

Digital Republic Talent Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09563078

Registered office: Kemp House
152-160 City Road
London
EC1V 2NX

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.

Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 33% on cost and 25% on cost

Taxation
Taxation for the year comprises of current tax. Tax is recognised in the Profit & Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

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.

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 losses.

Going concern
The balance sheet at the end of the year recorded net liabilities. However, the director believes that sufficient financial resources are available to the company to enable it to continue trading into the foreseeable future. Therefore, the financial statements have been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 11 ) .

Digital Republic Talent Ltd (Registered number: 09563078)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st May 2023
and 30th April 2024 6,000
AMORTISATION
At 1st May 2023
and 30th April 2024 6,000
NET BOOK VALUE
At 30th April 2024 -
At 30th April 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st May 2023
and 30th April 2024 21,462
DEPRECIATION
At 1st May 2023 13,550
Charge for year 5,342
At 30th April 2024 18,892
NET BOOK VALUE
At 30th April 2024 2,570
At 30th April 2023 7,912

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 51,958 26,972
Other debtors 46,960 10,485
98,918 37,457

Digital Republic Talent Ltd (Registered number: 09563078)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 43,787 44,730
Trade creditors 48,346 53,267
Taxation and social security 40,930 40,500
Other creditors 23,534 13,087
156,597 151,584

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 160,113 203,798

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits made to directors subsisted during the year ended 30 April 2024 and 30 April 2023:

Director 1
20242023
£   £   

Amounts Advanced102,770141,638
Amounts Repaid(57,713)(153,344)

Interest is charged on loans at the official rate set by HMRC.