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Registered number: 08040466
Digiboutique Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Ten Forward Accounting Ltd
Chartered Certified Accountants
1 Mountview Court
310 Friern Barnet Lane
London
N20 0LD
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 08040466
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 120,001 112,138
120,001 112,138
CURRENT ASSETS
Debtors 5 63,570 90,148
Investments 6 105,581 106,270
Cash at bank and in hand 187,558 194,741
356,709 391,159
Creditors: Amounts Falling Due Within One Year 7 (74,810 ) (80,099 )
NET CURRENT ASSETS (LIABILITIES) 281,899 311,060
TOTAL ASSETS LESS CURRENT LIABILITIES 401,900 423,198
Creditors: Amounts Falling Due After More Than One Year 8 (32,351 ) (39,029 )
NET ASSETS 369,549 384,169
CAPITAL AND RESERVES
Called up share capital 9 102 102
Income Statement 369,447 384,067
SHAREHOLDERS' FUNDS 369,549 384,169
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For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Jonathan Rose
Director
23 January 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Digiboutique Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08040466 . The registered office is Arch 405, Railway Arches, Cremer Street, London , E2 8HB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 25% Straight Line Basis
2.4. Financial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 May 2023 202,262
Additions 63,040
Disposals (1,923 )
As at 30 April 2024 263,379
...CONTINUED
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Depreciation
As at 1 May 2023 90,124
Provided during the period 55,177
Disposals (1,923 )
As at 30 April 2024 143,378
Net Book Value
As at 30 April 2024 120,001
As at 1 May 2023 112,138
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 63,570 72,752
Prepayments and accrued income - 3,348
Other debtors - 3,103
Directors' loan accounts - 10,945
63,570 90,148
6. Current Asset Investments
2024 2023
£ £
Listed investments 105,581 106,270
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 32,270 18,414
Corporation tax 21,379 36,310
Other taxes and social security 2,638 2,638
VAT 9,818 2,900
Other creditors 7,443 19,837
Directors' loan accounts 1,262 -
74,810 80,099
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 32,351 39,029
On 28 May 2020, the company received a Bounce Back Loan of £50,000 from NatWest Bank plc, which is repayble by April 2030.
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9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary A shares of £ 1.00 each 100 100
1 Ordinary B shares of £ 1.00 each 1 1
1 Ordinary C shares of £ 1.00 each 1 1
102 102
10. Exceptional Items
The company's premises were broken into in 2023. The exceptional item relates to insurance proceeds following this.
11. Ultimate Controlling Party
The company's ultimate controlling party is Mr Jonathan Rose by virtue of his ownership of 95% of the issued voting share capital in the company.
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