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REGISTERED NUMBER: 06924120 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

DIGITAL EDGE SUBSEA LIMITED

DIGITAL EDGE SUBSEA LIMITED (REGISTERED NUMBER: 06924120)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


DIGITAL EDGE SUBSEA LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTOR: Mr J Benson





REGISTERED OFFICE: Standsure House
Billings Lane
Dalton in Furness
Cumbria
LA13 0SG





REGISTERED NUMBER: 06924120 (England and Wales)





ACCOUNTANTS: R F Miller & Co
Double Tree Court
10A Cavendish St
Ulverston
Cumbria
LA12 7AD

CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
DIGITAL EDGE SUBSEA LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the director in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the director the financial statements that we have been engaged to compile, to report to the director that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's director for our work or for this report.

You have acknowledged on the balance sheet as at 30 June 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.






R F Miller & Co
Double Tree Court
10A Cavendish St
Ulverston
Cumbria
LA12 7AD


27 March 2025

DIGITAL EDGE SUBSEA LIMITED (REGISTERED NUMBER: 06924120)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 31,117 4,800
Tangible assets 5 10,202 1,408
41,319 6,208

CURRENT ASSETS
Debtors 6 768,361 802,802
Cash at bank 788,042 756,656
1,556,403 1,559,458
CREDITORS
Amounts falling due within one year 7 109,816 193,763
NET CURRENT ASSETS 1,446,587 1,365,695
TOTAL ASSETS LESS CURRENT LIABILITIES 1,487,906 1,371,903

PROVISIONS FOR LIABILITIES 10,330 1,552
NET ASSETS 1,477,576 1,370,351

CAPITAL AND RESERVES
Called up share capital 8 75 75
Capital redemption reserve 9 75 75
Retained earnings 9 1,477,426 1,370,201
SHAREHOLDERS' FUNDS 1,477,576 1,370,351

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 director acknowledges his 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.

DIGITAL EDGE SUBSEA LIMITED (REGISTERED NUMBER: 06924120)

BALANCE SHEET - continued
30 June 2024


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 director and authorised for issue on 27 March 2025 and were signed by:





Mr J Benson - Director


DIGITAL EDGE SUBSEA LIMITED (REGISTERED NUMBER: 06924120)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Digital Edge Subsea 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.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

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 - 25% on reducing balance
Computer equipment - 25% on cost

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.

RESEARCH AND DEVELOPMENT
Expenditure on research and development is written off in the year in which it is incurred, except that development expenditure incurred on an individual project is carried forward when it's future recoverability can reasonably be assured. Any expenditure carried forward is amortised in line with the expected future sales from the related project.

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.

DIGITAL EDGE SUBSEA LIMITED (REGISTERED NUMBER: 06924120)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 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.

TRUST
The Company has created a trust whose beneficiaries will include employees of the Company and their dependents. Assets held under this trust will be controlled by trustees who will be acting independently and entirely at their own discretion.

Where assets are held in the trust and these are considered by the Company to be in respect of services already provided by employees to the Company, the Company will account for these as assets of the trust when payment is made to the trust. The value transferred will be charged in the Company’s profit and loss account for the year to which it relates.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023 13,000
Additions 33,430
At 30 June 2024 46,430
AMORTISATION
At 1 July 2023 8,200
Charge for year 7,113
At 30 June 2024 15,313
NET BOOK VALUE
At 30 June 2024 31,117
At 30 June 2023 4,800

DIGITAL EDGE SUBSEA LIMITED (REGISTERED NUMBER: 06924120)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023 3,152 2,603 5,755
Additions - 10,575 10,575
At 30 June 2024 3,152 13,178 16,330
DEPRECIATION
At 1 July 2023 1,744 2,603 4,347
Charge for year 352 1,429 1,781
At 30 June 2024 2,096 4,032 6,128
NET BOOK VALUE
At 30 June 2024 1,056 9,146 10,202
At 30 June 2023 1,408 - 1,408

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 702,153 758,790
Other debtors 25,626 25,626
VAT 3,061 -
Prepayments 37,521 18,386
768,361 802,802

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 40,576 2,597
Corporation tax 60,819 151,834
Social security and other taxes - 30,247
VAT - 2,619
Pension control - 5,534
Directors' current accounts 921 932
Accrued expenses 7,500 -
109,816 193,763

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
75 ordinary 1 75 75

DIGITAL EDGE SUBSEA LIMITED (REGISTERED NUMBER: 06924120)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

9. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 July 2023 1,370,201 75 1,370,276
Profit for the year 216,025 216,025
Dividends (108,800 ) (108,800 )
At 30 June 2024 1,477,426 75 1,477,501

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within creditors are amounts due to Mr J Benson:- £921 (2023 :- £932).

11. RELATED PARTY DISCLOSURES

During the year, dividends were paid to the director, Mr J Benson:- £108,800 (2023: £134,000)

12. ULTIMATE CONTROLLING PARTY

The company was under the control of Mr J Benson, the ultimate controlling party of the company.