2023-07-012024-06-302024-06-30false14163013DIGI REACH 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DIGI REACH LTD

Registered Number
14163013
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

DIGI REACH LTD
Company Information
for the year from 1 July 2023 to 30 June 2024

Director

HELYAR, Ben

Registered Address

C/O Eaccounts Ground Floor Cardigan House
Castle Court
Swansea
SA7 9LA

Registered Number

14163013 (England and Wales)
DIGI REACH LTD
Statement of Financial Position
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets33,354299
3,354299
Current assets
Debtors24,4761,622
Cash at bank and on hand230,9294,564
255,4056,186
Creditors amounts falling due within one year4(134,254)(3,488)
Net current assets (liabilities)121,1512,698
Total assets less current liabilities124,5052,997
Net assets124,5052,997
Capital and reserves
Called up share capital22
Profit and loss account124,5032,995
Shareholders' funds124,5052,997
The financial statements were approved and authorised for issue by the Director on 7 February 2025, and are signed on its behalf by:
HELYAR, Ben
Director
Registered Company No. 14163013
DIGI REACH LTD
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Office Equipment3
2.Average number of employees

20242023
Average number of employees during the year10
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 July 23430430
Additions3,6443,644
At 30 June 244,0744,074
Depreciation and impairment
At 01 July 23131131
Charge for year589589
At 30 June 24720720
Net book value
At 30 June 243,3543,354
At 30 June 23299299
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables144-
Taxation and social security100,3772,836
Other creditors33,10928
Accrued liabilities and deferred income624624
Total134,2543,488