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REGISTERED NUMBER: 11944257 (England and Wales)















Financial Statements for the Year Ended 30 September 2024

for

DigiDoe Ltd

DigiDoe Ltd (Registered number: 11944257)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DigiDoe Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: P Guzminov
M Kitten
C Philippe
A Slavin





REGISTERED OFFICE: 118 Pall Mall
London
SW1Y 5EA





REGISTERED NUMBER: 11944257 (England and Wales)





AUDITORS: Thickbroom Coventry
Chartered Accountants
and Statutory Auditors
147a High Street
Waltham Cross
EN8 7AP

DigiDoe Ltd (Registered number: 11944257)

Statement of Financial Position
30 September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 2,608,728 1,790,237
Tangible assets 5 2,689 7,443
Investments 6 25,806 -
2,637,223 1,797,680

CURRENT ASSETS
Debtors 7 256,719 162,459
Cash at bank 878,653 436,034
1,135,372 598,493
CREDITORS
Amounts falling due within one year 8 (265,490 ) (335,062 )
NET CURRENT ASSETS 869,882 263,431
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,507,105

2,061,111

PROVISIONS FOR LIABILITIES (204,038 ) (99,427 )
NET ASSETS 3,303,067 1,961,684

CAPITAL AND RESERVES
Called up share capital 9 13,050 12,070
Share premium 3,165,729 1,866,709
Retained earnings 124,288 82,905
SHAREHOLDERS' FUNDS 3,303,067 1,961,684

DigiDoe Ltd (Registered number: 11944257)

Statement of Financial Position - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:





P Guzminov - Director


DigiDoe Ltd (Registered number: 11944257)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

DigiDoe Ltd 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets with finite useful lives are carried at revalued amount, being its fair value at the date of revaluation less accumulated amortisation and impairment losses. The fair valuation is determined by meeting the requirement of an active market.

Amortisation is recognised on a straight line basis over their estimate useful lives. The estimated useful life and amortisation are reviewed at the end of each reporting period, with the effect of any changes in estimate being accounted for on a prospective basis. The useful life for each class of intangible asset is as follows;

Patents and licenses are valued at cost and amortised over their useful economic life of 10 years. At the balance sheet date the carrying amount is reviewed to determine if there is any indication of impairment.

Development costs are valued at cost and amortised over their useful economic life of 10 years.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.


DigiDoe Ltd (Registered number: 11944257)

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

2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 exchange
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 16 ) .

DigiDoe Ltd (Registered number: 11944257)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2023 1,981,010
Additions 1,051,786
At 30 September 2024 3,032,796
AMORTISATION
At 1 October 2023 190,773
Charge for year 233,295
At 30 September 2024 424,068
NET BOOK VALUE
At 30 September 2024 2,608,728
At 30 September 2023 1,790,237

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 October 2023 18,798
Additions 650
At 30 September 2024 19,448
DEPRECIATION
At 1 October 2023 11,355
Charge for year 5,404
At 30 September 2024 16,759
NET BOOK VALUE
At 30 September 2024 2,689
At 30 September 2023 7,443

DigiDoe Ltd (Registered number: 11944257)

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

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
Additions 25,806
At 30 September 2024 25,806
NET BOOK VALUE
At 30 September 2024 25,806

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,381 1,700
Other debtors 246,338 160,759
256,719 162,459

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 19,712 11,546
Taxation and social security 3,246 -
Other creditors 242,532 323,516
265,490 335,062

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
11,720,259 Ordinary shares £0.00 1 11,720 10,740
1,329,518 Preference shares £0.00 1 1,330 1,330
13,050 12,070

The following share movements took place during the period:

980,618 ordinary shares were allotted and fully paid for at a premium of £1.1247 per share on 29th December 2023.

DigiDoe Ltd (Registered number: 11944257)

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

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Auditors' Report was unqualified.

Iain McMurray ACA (Senior Statutory Auditor)
for and on behalf of Thickbroom Coventry

11. RELATED PARTY DISCLOSURES

All of the following companies are related by the fact that they either have common directors with Digidoe Ltd or are ultimately controlled by one or more of the directors of Digidoe Ltd.

Financial information on transactions and balances between related parties are as follows:

Springwood Capital (UK) Limited
Digidoe Ltd purchased £71,634 (2023: £51,695) of goods and services from Springwood Capital (UK) Limited during the period. Amounts due to Springwood Capital (UK) Limited at the end of the period amounted to £10,103 (2023: £211).

Included in other creditors is a balance due to Springwood Capital (UK) Limited amounting to £44,981 (2023: £1,114). Also included in other creditors is unbilled work in progress amounting to £130,000 (2023: £140,000).

Included in other debtors is a balance due from Springwood Capital (UK) Limited amounting to £3,032 (2023: £nil).

Fintech Lab Limited
Digidoe Ltd purchased £117,705 (2023: £63,674) of goods and services from Fintech Lab Limited during the period. Amounts due to Fintech Lab Limited at the end of the period amounted to £9,918 (2023: £nil).

Included in other creditors is unbilled work in progress amounting to £30,000 (2023: £80,000).

Suntower United Ltd
Included in other creditors is a loan balance due to Suntower United Ltd amounting to £nil (2023: £21,000). This loan was interest free and was repaid during the year.