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REGISTERED NUMBER: 10238317 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

FILTER DIGITAL LIMITED

FILTER DIGITAL LIMITED (REGISTERED NUMBER: 10238317)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FILTER DIGITAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: O Morrison
P Halfpenny





REGISTERED OFFICE: Argent House
5 Goldington Road
Bedford
MK40 3JY





BUSINESS ADDRESS: 124 City Road
London
EC1V 2NX





REGISTERED NUMBER: 10238317 (England and Wales)





ACCOUNTANTS: Rawlinson Pryde & Partners
Chartered Certified Accountants
Argent House
5 Goldington Road
Bedford
Bedfordshire
MK40 3JY

FILTER DIGITAL LIMITED (REGISTERED NUMBER: 10238317)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,946 10,499
Investments 5 105,251 92,409
127,197 102,908

CURRENT ASSETS
Debtors 6 951,267 808,804
Prepayments and accrued income 77,116 49,449
Cash at bank 411,747 980,978
1,440,130 1,839,231
CREDITORS
Amounts falling due within one year 7 426,810 578,849
NET CURRENT ASSETS 1,013,320 1,260,382
TOTAL ASSETS LESS CURRENT LIABILITIES 1,140,517 1,363,290

CREDITORS
Amounts falling due after more than one
year

8

(9,914

)

(19,926

)

PROVISIONS FOR LIABILITIES 10 (5,487 ) (2,625 )

ACCRUALS AND DEFERRED INCOME (166,643 ) (196,907 )
NET ASSETS 958,473 1,143,832

FILTER DIGITAL LIMITED (REGISTERED NUMBER: 10238317)

BALANCE SHEET - continued
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 11 8,341 -
Retained earnings 950,032 1,143,732
958,473 1,143,832

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

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 17 February 2025 and were signed on its behalf by:




O Morrison - Director



P Halfpenny - Director


FILTER DIGITAL LIMITED (REGISTERED NUMBER: 10238317)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Filter Digital 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.

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 as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Fixtures and fittings - 50% on cost
Computer equipment - 50% on cost

Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as either financial assets or financial liabilities.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit or loss in other administrative expenses.

Prepayments are valued at the amount prepaid net of any trade discounts due. Accrued income and tax recoverable is included at the best estimate of the amounts receivable at the balance sheet date.

Creditors and provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably measured. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

Loans and borrowings are initially recognised at the transaction price including costs. Subsequently, they are measured at amortised cost using the effective interest method, less impairment. If an arrangement constitutes a financing transaction it is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. The present value of a financial asset or financial liability that is repayable on demand is equal to the undiscounted cash amount expect to be pair or received.


FILTER DIGITAL LIMITED (REGISTERED NUMBER: 10238317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 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 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.

Investments
Listed investments are valued at their market value at the balance sheet date. Any changes in their fair value are recognised in the profit and loss for the period.

Any advisory charges and platform fees relating to the investments are charged to the profit and loss for the period in which they relate to.

Dividends and interest relating to the investments are recognised in the profit and loss in the period in which they are received,

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 18 ) .

FILTER DIGITAL LIMITED (REGISTERED NUMBER: 10238317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023 1,083 30,269 31,352
Additions - 24,876 24,876
At 30 June 2024 1,083 55,145 56,228
DEPRECIATION
At 1 July 2023 423 20,430 20,853
Charge for year 542 12,887 13,429
At 30 June 2024 965 33,317 34,282
NET BOOK VALUE
At 30 June 2024 118 21,828 21,946
At 30 June 2023 660 9,839 10,499

5. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 July 2023 92,409
Share of profit/(loss) (1,266 )
Revaluations 13,271
Dividends received 837
At 30 June 2024 105,251
NET BOOK VALUE
At 30 June 2024 105,251
At 30 June 2023 92,409


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 895,078 805,569
Amounts owed by group undertakings 1,590 240
Amounts owed by associates 53,772 -
Other debtors 827 2,995
951,267 808,804

FILTER DIGITAL LIMITED (REGISTERED NUMBER: 10238317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts (see note 9) 10,000 10,000
Trade creditors 51,651 77,192
Tax 54,050 170,336
Social security and other taxes 95,982 38,482
VAT 191,324 135,388
Other creditors 7,879 4,915
Directors' current accounts 15,924 142,536
426,810 578,849

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans (see note 9) 9,914 19,926

9. LOANS

Bank loans consists of the Bounce Back loan, which is 100 per cent guaranteed by the government. The loan was interest free for the first 12 months and the rate is fixed at 2.5 per cent thereafter, payable on the outstanding principle amount of the loan and applicable until the final repayment date.

10. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 5,487 2,625

Deferred
tax
£   
Balance at 1 July 2023 2,625
Accelerated capital allowances 2,862
Balance at 30 June 2024 5,487

11. RESERVES
Fair
value
reserve
£   
Transfer 8,341

At 30 June 2024 8,341