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REGISTERED NUMBER: 05617372 (England and Wales)





FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024

FOR

DIGGA LIMITED

DIGGA LIMITED (REGISTERED NUMBER: 05617372)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DIGGA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: A B Wade
Mrs Z A R Conde



SECRETARY: Mrs Z A R Conde



REGISTERED OFFICE: 25 St Thomas Street
Winchester
Hampshire
SO23 9HJ



REGISTERED NUMBER: 05617372 (England and Wales)



AUDITORS: Shaw Gibbs (Audit) Limited
Chartered Certified Accountants
Statutory Auditor
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ



BANKERS: HSBC Bank Plc
58 High Street
Winchester
Hampshire
SO23 9BZ

DIGGA LIMITED (REGISTERED NUMBER: 05617372)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 495,676 100,357

CURRENT ASSETS
Stocks 1,288,724 1,357,650
Debtors 5 569,005 388,589
Cash at bank and in hand 686,947 668,204
2,544,676 2,414,443
CREDITORS
Amounts falling due within one year 6 938,155 592,716
NET CURRENT ASSETS 1,606,521 1,821,727
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,102,197

1,922,084

PROVISIONS FOR LIABILITIES 68,601 19,725
NET ASSETS 2,033,596 1,902,359

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 2,032,596 1,901,359
SHAREHOLDERS' FUNDS 2,033,596 1,902,359

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 12th February 2025 and were signed on its behalf by:





Mrs Z A R Conde - Director


DIGGA LIMITED (REGISTERED NUMBER: 05617372)

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


1. STATUTORY INFORMATION

Digga 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.
Short leasehold - at varying rates on cost
Plant and machinery - 25% on reducing balance and Straight line over 5 -10 years
Fixtures and fittings - 15% on reducing balance and at varying rates on cost
Motor vehicles - 25% on reducing balance
Office equipment - 33.33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

DIGGA LIMITED (REGISTERED NUMBER: 05617372)

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


2. ACCOUNTING POLICIES - continued

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 11 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1st July 2023 - 217,630 20,904
Additions 261,520 141,740 36,990
Disposals - (65,161 ) (20,904 )
At 30th June 2024 261,520 294,209 36,990
DEPRECIATION
At 1st July 2023 - 151,107 13,878
Charge for year 9,544 16,923 3,531
Eliminated on disposal - (62,924 ) (14,934 )
At 30th June 2024 9,544 105,106 2,475
NET BOOK VALUE
At 30th June 2024 251,976 189,103 34,515
At 30th June 2023 - 66,523 7,026

DIGGA LIMITED (REGISTERED NUMBER: 05617372)

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


4. TANGIBLE FIXED ASSETS - continued

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1st July 2023 74,311 32,693 345,538
Additions - - 440,250
Disposals - - (86,065 )
At 30th June 2024 74,311 32,693 699,723
DEPRECIATION
At 1st July 2023 48,890 31,306 245,181
Charge for year 6,068 658 36,724
Eliminated on disposal - - (77,858 )
At 30th June 2024 54,958 31,964 204,047
NET BOOK VALUE
At 30th June 2024 19,353 729 495,676
At 30th June 2023 25,421 1,387 100,357

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 437,680 309,577
Tax 36,000 -
VAT 29,077 13,039
Prepayments 66,248 65,973
569,005 388,589

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Payments on account 31,063 -
Trade creditors 171,481 89,252
Tax - 15,787
Social security and other taxes 8,968 7,933
Other creditors 4,984 6,561
Amounts owed to group companies 582,388 442,866
Accrued expenses 139,271 30,317
938,155 592,716

DIGGA LIMITED (REGISTERED NUMBER: 05617372)

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


7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 116,109 43,553
Between one and five years 743,100 -
In more than five years 789,544 -
1,648,753 43,553

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Barr FCA (Senior Statutory Auditor)
for and on behalf of Shaw Gibbs (Audit) Limited

9. PENSION COMMITMENTS

The company operates a defined contribution pension scheme for all employees. The assets of the scheme are held separately from those of the company in an independently administered fund. During the year the company made contributions to the pension scheme amounting to £8,633 (2023: £7,162). At the balance sheet date, unpaid contributions of £457 (2023: £355) were due to the fund. These are included in other creditors.

10. RELATED PARTY DISCLOSURES

The company is a 100% subsidiary of Digga Australia Pty Ltd and is included in the consolidated financial statements of that company. The address of the registered office of Digga Australia Pty Ltd is 4 Octal Street, Yatala, QLD 4207, Australia.

The company is exempt from disclosing related party transactions with other 100% owned members of the group headed by Digga Australia Pty Ltd by virtue of FRS102 section 33.1A.