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Registration number: 08320929

Robpin Limited T/A Dig-X

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Robpin Limited T/A Dig-X

(Registration number: 08320929)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

326,140

78,826

Current assets

 

Debtors

5

486,280

634,681

Cash at bank and in hand

 

371,828

249,837

 

858,108

884,518

Creditors: Amounts falling due within one year

6

(368,095)

(538,323)

Net current assets

 

490,013

346,195

Total assets less current liabilities

 

816,153

425,021

Creditors: Amounts falling due after more than one year

6

(283,213)

(66,013)

Provisions for liabilities

(53,407)

(10,800)

Net assets

 

479,533

348,208

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

479,531

348,206

Shareholders' funds

 

479,533

348,208

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 31 March 2025 and signed on its behalf by:
 

.........................................
Mr Robert William Ferguson Mclaren
Director

 

Robpin Limited T/A Dig-X

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Dig-X, Unit 19 Hollins Business Centre
62 Rowley Street
Stafford
Staffordshire
ST16 2RH

These financial statements were authorised for issue by the Board on 31 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Robpin Limited T/A Dig-X

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & Fittings

25% straight line

Office Equipment

25% straight line

Motor Vehicles

25% straight line

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 21 (2023 - 18).

 

Robpin Limited T/A Dig-X

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

71,373

73,499

144,872

Additions

6,144

303,052

309,196

Disposals

-

(73,499)

(73,499)

At 31 March 2024

77,517

303,052

380,569

Depreciation

At 1 April 2023

28,288

37,758

66,046

Charge for the year

18,800

7,496

26,296

Eliminated on disposal

-

(37,913)

(37,913)

At 31 March 2024

47,088

7,341

54,429

Carrying amount

At 31 March 2024

30,429

295,711

326,140

At 31 March 2023

43,085

35,741

78,826

5

Debtors

Current

2024
£

2023
£

Trade debtors

236,772

-

Amounts owed by related parties

100,000

257,996

Prepayments

3,996

60,800

Other debtors

145,512

315,885

 

486,280

634,681

 

Robpin Limited T/A Dig-X

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

30,349

10,548

Trade creditors

 

49,406

170,222

Taxation and social security

 

111,122

232,476

Accruals and deferred income

 

161,707

122,293

Other creditors

 

15,511

2,784

 

368,095

538,323

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

283,213

66,013

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

       

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

22,439

32,389

HP and finance lease liability 1 (2-5 yrs)

260,774

33,624

283,213

66,013

Current loans and borrowings

2024
£

2023
£

HP and finance lease liability 1 (under 1yr)

30,349

10,548

 

Robpin Limited T/A Dig-X

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

9

Financial commitments, guarantees and contingencies

Amounts disclosed in the balance sheet

Included in the balance sheet are pensions of £883 (2023 - £4,484). The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

10

Related party transactions

Transactions with directors

2024

At 1 April 2023
£

Repayments
£

At 31 March 2024
£

Mr Robert William Ferguson Mclaren

37,500

(37,500)

-

Mrs Pinky Mclaren

37,500

(37,500)

-

2023

At 1 April 2022
£

Advances to director
£

At 31 March 2023
£

Mr Robert William Ferguson Mclaren

-

37,500

37,500

Mrs Pinky Mclaren

-

37,500

37,500

11

Controlling party

The company's immediate parent is Robpin Holdco Limited, incorporated in England & Wales.