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REGISTERED NUMBER: 05867732 (England and Wales)











Financial Statements

for the Year Ended 31 December 2024

for

THE DIGITAL MAZE LIMITED

THE DIGITAL MAZE LIMITED (REGISTERED NUMBER: 05867732)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE DIGITAL MAZE LIMITED

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr G D Newton
Mr I M Lancaster





REGISTERED OFFICE: Gleneagles House
Vernon Gate
South Street
Derby
Derbyshire
DE1 1UP





REGISTERED NUMBER: 05867732 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

THE DIGITAL MAZE LIMITED (REGISTERED NUMBER: 05867732)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 8,657 5,739

CURRENT ASSETS
Debtors 5 202,171 208,071
Cash at bank 56,050 38,547
258,221 246,618
CREDITORS
Amounts falling due within one year 6 450,669 519,865
NET CURRENT LIABILITIES (192,448 ) (273,247 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(183,791

)

(267,508

)

CREDITORS
Amounts falling due after more than one year 7 (2,987 ) (13,518 )

PROVISIONS FOR LIABILITIES 8 (2,152 ) (1,435 )
NET LIABILITIES (188,930 ) (282,461 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (189,030 ) (282,561 )
SHAREHOLDERS' FUNDS (188,930 ) (282,461 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 23 April 2025 and were signed on its behalf by:



Mr G D Newton - Director


THE DIGITAL MAZE LIMITED (REGISTERED NUMBER: 05867732)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

The Digital Maze 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance

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.


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.

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 28 (2023 - 28 ) .

THE DIGITAL MAZE LIMITED (REGISTERED NUMBER: 05867732)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 67,762
Additions 7,114
At 31 December 2024 74,876
DEPRECIATION
At 1 January 2024 62,023
Charge for year 4,196
At 31 December 2024 66,219
NET BOOK VALUE
At 31 December 2024 8,657
At 31 December 2023 5,739

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 123,960 76,981
Other debtors 3,438 -
Tax 18,216 62,683
Prepayments and accrued income 37,245 49,392
Prepayments 19,312 19,015
202,171 208,071

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 4,491 -
Trade creditors 110,607 102,189
Amounts owed to group undertakings 92,921 197,488
Social security and other taxes 56,961 93,744
VAT 119,426 84,569
Other creditors 15,547 12,795
Accruals and deferred income 40,716 19,080
450,669 519,865

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans - 1-2 years 2,987 10,000
Bank loans - 2-5 years - 3,518
2,987 13,518

THE DIGITAL MAZE LIMITED (REGISTERED NUMBER: 05867732)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 2,152 1,435

Deferred
tax
£   
Balance at 1 January 2024 1,435
Provided during year 717
Balance at 31 December 2024 2,152

9. CALLED UP SHARE CAPITAL

Allotted, issued
and fully paid:


31.12.22

31.12.21
Number: Class: Nominal Value: £ £   
5,100 A Ordinary 1p 51.00 51.00
4,900 B Ordinary 1p 49.00 49.00
1 C Ordinary 1p 00.01 00.01
100.01 100.01

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. GOING CONCERN

The director have a reasonable expectation that the company will continue in operational existence for the foreseeable future and therefore used the going concern basis in preparing the financial statements.