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REGISTERED NUMBER: 07740341 (England and Wales)












Financial Statements

for the Year Ended 31st August 2024

for

DIGILEC LIMITED

DIGILEC LIMITED (REGISTERED NUMBER: 07740341)

Contents of the Financial Statements
for the year ended 31st August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DIGILEC LIMITED

Company Information
for the year ended 31st August 2024







DIRECTOR: M C Tanak





REGISTERED OFFICE: 210 Churchgate Road
Cheshunt
Hertfordshire
EN8 9EL





REGISTERED NUMBER: 07740341 (England and Wales)





ACCOUNTANTS: Attenboroughs (Accountants) Limited
Chartered Certified Accountants
1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR

DIGILEC LIMITED (REGISTERED NUMBER: 07740341)

Balance Sheet
31st August 2024

31/8/24 31/8/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 68,273 70,990

CURRENT ASSETS
Debtors 5 47,959 48,944
Cash at bank 32,862 7,378
80,821 56,322
CREDITORS
Amounts falling due within one year 6 67,810 43,560
NET CURRENT ASSETS 13,011 12,762
TOTAL ASSETS LESS CURRENT
LIABILITIES

81,284

83,752

CREDITORS
Amounts falling due after more than one year 7 (36,896 ) (50,514 )

PROVISIONS FOR LIABILITIES (12,972 ) (8,525 )
NET ASSETS 31,416 24,713

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 31,316 24,613
SHAREHOLDERS' FUNDS 31,416 24,713

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

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

DIGILEC LIMITED (REGISTERED NUMBER: 07740341)

Balance Sheet - continued
31st August 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 director and authorised for issue on 30th January 2025 and were signed by:





M C Tanak - Director


DIGILEC LIMITED (REGISTERED NUMBER: 07740341)

Notes to the Financial Statements
for the year ended 31st August 2024


1. STATUTORY INFORMATION

Digilec 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 5 (2023 - 4 ) .

DIGILEC LIMITED (REGISTERED NUMBER: 07740341)

Notes to the Financial Statements - continued
for the year ended 31st August 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st September 2023 3,257 105,227 11,063 119,547
Additions - 20,042 - 20,042
At 31st August 2024 3,257 125,269 11,063 139,589
DEPRECIATION
At 1st September 2023 2,027 42,419 4,111 48,557
Charge for year 308 20,713 1,738 22,759
At 31st August 2024 2,335 63,132 5,849 71,316
NET BOOK VALUE
At 31st August 2024 922 62,137 5,214 68,273
At 31st August 2023 1,230 62,808 6,952 70,990

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Trade debtors 32,059 32,229
Other debtors 15,900 16,715
47,959 48,944

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Bank loans and overdrafts 7,600 7,600
Hire purchase contracts 5,076 4,134
Tax 6,151 -
Social security and other taxes 1,915 2,173
VAT 20,879 12,264
Other creditors 14,490 15,572
Directors' current accounts 10,008 207
Accrued expenses 1,691 1,610
67,810 43,560

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/8/24 31/8/23
£    £   
Bank loans - 1-2 years 6,967 7,600
Bank loans - 2-5 years - 6,967
Hire purchase contracts 29,929 35,947
36,896 50,514

DIGILEC LIMITED (REGISTERED NUMBER: 07740341)

Notes to the Financial Statements - continued
for the year ended 31st August 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/8/24 31/8/23
value: £    £   
100 Ordinary £1 100 100

9. ULTIMATE CONTROLLING PARTY

The controlling party is M C Tanak.