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Registration number: 09264136

Say Digital Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2025

 

Say Digital Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

Say Digital Ltd

Company Information

Directors

Mr R Sams

Mr Benjamin Blomerley

Mr Robert Cubbage

Registered office

28 Chichester Drive West
Saltdean
Brighton
East Sussex
BN2 8SH

Accountants

Blackman Terry Accountants Ltd
Chartered Certified AccountantBolney Place
Cowfold Road
Bolney
Haywards Heath
West Sussex
RH17 5QT

 

Say Digital Ltd

(Registration number: 09264136)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

5

4,257

7,070

Other financial assets

6

30,000

-

 

34,257

7,070

Current assets

 

Debtors

7

1,129,033

595,762

Cash at bank and in hand

 

3,134

102

 

1,132,167

595,864

Creditors: Amounts falling due within one year

8

(1,142,010)

(722,342)

Net current liabilities

 

(9,843)

(126,478)

Total assets less current liabilities

 

24,414

(119,408)

Creditors: Amounts falling due after more than one year

8

(219,325)

(109,211)

Net liabilities

 

(194,911)

(228,619)

Capital and reserves

 

Called up share capital

9

1,000

1,000

Retained earnings

(195,911)

(229,619)

Shareholders' deficit

 

(194,911)

(228,619)

For the financial year ending 31 January 2025 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 25 April 2025 and signed on its behalf by:
 

 

Say Digital Ltd

(Registration number: 09264136)
Balance Sheet as at 31 January 2025

.........................................
Mr Benjamin Blomerley
Director

 

Say Digital Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1

General information

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

The address of its registered office is:
28 Chichester Drive West
Saltdean
Brighton
East Sussex
BN2 8SH

These financial statements were authorised for issue by the Board on 25 April 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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Say Digital Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Tax

The tax expense for the period comprises current 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.

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

Office equipment

25% straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Development costs

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Say Digital Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2024 - 10).

 

Say Digital Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 February 2024

94,758

94,758

At 31 January 2025

94,758

94,758

Amortisation

At 1 February 2024

94,758

94,758

At 31 January 2025

94,758

94,758

Carrying amount

At 31 January 2025

-

-

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 February 2024

25,565

25,565

At 31 January 2025

25,565

25,565

Depreciation

At 1 February 2024

18,495

18,495

Charge for the year

2,813

2,813

At 31 January 2025

21,308

21,308

Carrying amount

At 31 January 2025

4,257

4,257

At 31 January 2024

7,070

7,070

 

Say Digital Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

6

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

Additions

30,000

30,000

At 31 January 2025

30,000

30,000

Impairment

Carrying amount

At 31 January 2025

30,000

30,000

 

Say Digital Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

7

Debtors

Current

Note

2025
£

2024
£

Trade debtors

 

575,892

283,512

Amounts owed by related parties

173,224

166,914

Prepayments

 

4,818

15,485

Other debtors

 

375,099

129,851

   

1,129,033

595,762

 

Say Digital Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

8

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

10

63,723

30,865

Trade creditors

 

152,428

96,168

Amounts owed to group undertakings and undertakings in which the company has a participating interest

112,747

138,204

Taxation and social security

 

352,540

193,582

Accruals and deferred income

 

21,652

41,268

Other creditors

 

438,920

222,255

 

1,142,010

722,342

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

10

219,325

109,211

9

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary of £1 each

1,000

1,000

1,000

1,000

       

10

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

32,825

37,711

Other borrowings

186,500

71,500

219,325

109,211

 

Say Digital Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Current loans and borrowings

2025
£

2024
£

Bank borrowings

6,240

6,240

Bank overdrafts

8,483

24,625

Other borrowings

49,000

-

63,723

30,865