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REGISTERED NUMBER: 08803937 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Digital NRG Limited

Digital NRG Limited (Registered number: 08803937)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Digital NRG Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: N Rogers
Mrs K J Rogers





REGISTERED OFFICE: Suite 1
Liberty House
South Liberty Lane
Bristol
BS3 2ST





REGISTERED NUMBER: 08803937 (England and Wales)





ACCOUNTANTS: Stanley Joseph Limited
Chartered Accountants
Suite 1
Liberty House
South Liberty Lane
Bristol
BS3 2ST

Digital NRG Limited (Registered number: 08803937)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 47,873 85,654

CURRENT ASSETS
Debtors 5 1,820,507 1,750,751
Cash at bank 1,074,371 1,036,958
2,894,878 2,787,709
CREDITORS
Amounts falling due within one year 6 454,044 505,098
NET CURRENT ASSETS 2,440,834 2,282,611
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,488,707

2,368,265

PROVISIONS FOR LIABILITIES 7 11,968 16,274
NET ASSETS 2,476,739 2,351,991

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 2,476,639 2,351,891
SHAREHOLDERS' FUNDS 2,476,739 2,351,991

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 NRG Limited (Registered number: 08803937)

Statement of Financial Position - continued
31 December 2023


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 11 February 2025 and were signed on its behalf by:





N Rogers - Director


Digital NRG Limited (Registered number: 08803937)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Digital NRG 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 represents the amounts receivable, excluding VAT and trade discounts, by the company for goods and services provided during the year. All transactions arose in the United Kingdom.

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
Computer equipment - 25% on cost

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.

Digital NRG Limited (Registered number: 08803937)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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 28 (2022 - 31 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 394,447 138,383 532,830
Additions 8,209 7,258 15,467
At 31 December 2023 402,656 145,641 548,297
DEPRECIATION
At 1 January 2023 340,055 107,121 447,176
Charge for year 37,261 15,987 53,248
At 31 December 2023 377,316 123,108 500,424
NET BOOK VALUE
At 31 December 2023 25,340 22,533 47,873
At 31 December 2022 54,392 31,262 85,654

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 463,015 409,952
Amounts owed by associates 150,604 137,255
Directors' current accounts 964,741 1,135,818
Tax 242,147 67,726
1,820,507 1,750,751

Digital NRG Limited (Registered number: 08803937)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Tax 243,455 47,639
Social security and other taxes - 267,325
VAT 204,696 184,241
Other creditors 1,343 1,343
Accrued expenses 4,550 4,550
454,044 505,098

7. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 11,968 16,274

Deferred
tax
£   
Balance at 1 January 2023 16,274
Utilised during year (4,306 )
Balance at 31 December 2023 11,968

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary shares 1 100 100

9. RESERVES
Retained
earnings
£   

At 1 January 2023 2,351,891
Profit for the year 124,748
At 31 December 2023 2,476,639

Digital NRG Limited (Registered number: 08803937)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Neil Rogers and Kathryn Rogers by way of their equal shareholding.