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Company Registration No. 06997757 (England and Wales)
The Digital College Ltd Unaudited accounts for the year ended 31 August 2024
The Digital College Ltd Unaudited accounts Contents
Page
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The Digital College Ltd Company Information for the year ended 31 August 2024
Directors
M G Kingswood David Stephenson William Paul Colman
Company Number
06997757 (England and Wales)
Registered Office
The Bus Works North Road London N7 9DP
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The Digital College Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,932 
2,975 
Current assets
Debtors
1,405,326 
1,134,426 
Cash at bank and in hand
323,832 
280,360 
1,729,158 
1,414,786 
Creditors: amounts falling due within one year
(404,943)
(365,181)
Net current assets
1,324,215 
1,049,605 
Total assets less current liabilities
1,333,147 
1,052,580 
Provisions for liabilities
Other provisions
(76,792)
(79,537)
Net assets
1,256,355 
973,043 
Capital and reserves
Called up share capital
2,284 
2,284 
Share premium
43,256 
43,256 
Profit and loss account
1,210,815 
927,503 
Shareholders' funds
1,256,355 
973,043 
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 March 2025 and were signed on its behalf by
M G Kingswood Director Company Registration No. 06997757
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The Digital College Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
The Digital College Ltd is a private company, limited by shares, registered in England and Wales, registration number 06997757. The registered office is The Bus Works, North Road, London, N7 9DP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight line
Computer equipment
10% Straight line
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
52,540 
83,448 
135,988 
Additions
10,775 
- 
10,775 
At 31 August 2024
63,315 
83,448 
146,763 
Depreciation
At 1 September 2023
49,565 
83,448 
133,013 
Charge for the year
4,818 
- 
4,818 
At 31 August 2024
54,383 
83,448 
137,831 
Net book value
At 31 August 2024
8,932 
- 
8,932 
At 31 August 2023
2,975 
- 
2,975 
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The Digital College Ltd Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
271,466 
244,445 
Amounts due from group undertakings etc.
1,113,063 
865,481 
Other debtors
10,724 
14,427 
1,395,253 
1,124,353 
Amounts falling due after more than one year
Other debtors
10,073 
10,073 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
135,553 
113,301 
Trade creditors
40,882 
82,667 
Taxes and social security
199,862 
162,455 
Other creditors
8,439 
3,208 
Accruals
4,260 
3,550 
Deferred income
15,947 
- 
404,943 
365,181 
7
Controlling party
On 21 August 2023, the company became a wholly owned subsidiary of The Digital College Holdings Limited. The balance sheet of The Digital College Limited includes a debtor of £1,113,063 as at 31 August 2024 £865,481 as at 31 August 2023 where funds were paid by the company for the purposes of the group reconstruction.
8
Average number of employees
During the year the average number of employees was 16 (2023: 13).
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