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
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
The Digital College Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
8,932
2,975
Debtors
1,405,326
1,134,426
Cash at bank and in hand
323,832
280,360
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
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
The Digital College Ltd
Notes to the Accounts
for the year ended 31 August 2024
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.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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.
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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
At 31 August 2024
63,315
83,448
146,763
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
At 31 August 2024
8,932
-
8,932
At 31 August 2023
2,975
-
2,975
The Digital College Ltd
Notes to the Accounts
for the year ended 31 August 2024
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
Amounts falling due after more than one year
Other debtors
10,073
10,073
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
40,882
82,667
Taxes and social security
199,862
162,455
Other creditors
8,439
3,208
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.
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Average number of employees
During the year the average number of employees was 16 (2023: 13).