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REGISTERED NUMBER: 09329378 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

REVIVE DIGITAL SOLUTIONS LTD

REVIVE DIGITAL SOLUTIONS LTD (REGISTERED NUMBER: 09329378)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REVIVE DIGITAL SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: P A Thomas





REGISTERED OFFICE: Clarence Street Chambers
32 Clarence Street
Southend-on-Sea
Essex
SS1 1BD





BUSINESS ADDRESS: 7th Floor Maitland House
Warrior Square
Southend on Sea
Essex
SS1 2JY





REGISTERED NUMBER: 09329378 (England and Wales)





ACCOUNTANTS: A.R. Lee & Co.
Chartered Certified Accountants
Clarence Street Chambers
32 Clarence Street
Southend-on-Sea
Essex
SS1 1BD

REVIVE DIGITAL SOLUTIONS LTD (REGISTERED NUMBER: 09329378)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 119,628 154,431
119,628 154,431

CURRENT ASSETS
Debtors 6 176,410 191,152
Cash at bank and in hand 9,360 72,551
185,770 263,703
CREDITORS
Amounts falling due within one year 7 1,000,312 897,122
NET CURRENT LIABILITIES (814,542 ) (633,419 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(694,914

)

(478,988

)

CREDITORS
Amounts falling due after more than one
year

8

11,667

21,667
NET LIABILITIES (706,581 ) (500,655 )

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings (706,583 ) (500,657 )
SHAREHOLDERS' FUNDS (706,581 ) (500,655 )

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

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

REVIVE DIGITAL SOLUTIONS LTD (REGISTERED NUMBER: 09329378)

BALANCE SHEET - continued
31 MAY 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 13 February 2025 and were signed by:





P A Thomas - Director


REVIVE DIGITAL SOLUTIONS LTD (REGISTERED NUMBER: 09329378)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Revive Digital Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - over remaining period of the lease
Plant and machinery - 10% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% 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 balance sheet date.

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.

Going concern
Notwithstanding the deficiency of net current assets at the year end as shown in the balance sheet, the director is confident the company can continue as a going concern on the basis of his continued financial support to the company.

REVIVE DIGITAL SOLUTIONS LTD (REGISTERED NUMBER: 09329378)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 33 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 2,000
AMORTISATION
At 1 June 2023
and 31 May 2024 2,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 6,572 146,169 75,347 28,817 256,905
Additions - - 11,812 1,657 13,469
At 31 May 2024 6,572 146,169 87,159 30,474 270,374
DEPRECIATION
At 1 June 2023 3,943 55,704 27,798 15,029 102,474
Charge for year 657 22,617 14,840 10,158 48,272
At 31 May 2024 4,600 78,321 42,638 25,187 150,746
NET BOOK VALUE
At 31 May 2024 1,972 67,848 44,521 5,287 119,628
At 31 May 2023 2,629 90,465 47,549 13,788 154,431

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 143,736 158,999
Other debtors 32,674 32,153
176,410 191,152

REVIVE DIGITAL SOLUTIONS LTD (REGISTERED NUMBER: 09329378)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 120,086 192,770
Taxation and social security 264,941 46,855
Other creditors 605,285 647,497
1,000,312 897,122

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 11,667 21,667

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
2 Ordinary £1 2 2

10. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £580,925 being the rent payable on the company's premises for the remainder of the lease period to 14 December 2027.