IRIS Accounts Production v25.1.0.734 SC439522 Board of Directors 1.2.24 31.1.25 31.1.25 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4395222024-01-31SC4395222025-01-31SC4395222024-02-012025-01-31SC4395222023-01-31SC4395222023-02-012024-01-31SC4395222024-01-31SC439522ns15:Scotland2024-02-012025-01-31SC439522ns14:PoundSterling2024-02-012025-01-31SC439522ns10:Director12024-02-012025-01-31SC439522ns10:PrivateLimitedCompanyLtd2024-02-012025-01-31SC439522ns10:SmallEntities2024-02-012025-01-31SC439522ns10:AuditExempt-NoAccountantsReport2024-02-012025-01-31SC439522ns10:SmallCompaniesRegimeForAccounts2024-02-012025-01-31SC439522ns10:FullAccounts2024-02-012025-01-31SC439522ns10:Director22024-02-012025-01-31SC439522ns10:RegisteredOffice2024-02-012025-01-31SC439522ns5:CurrentFinancialInstruments2025-01-31SC439522ns5:CurrentFinancialInstruments2024-01-31SC439522ns5:ShareCapital2025-01-31SC439522ns5:ShareCapital2024-01-31SC439522ns5:RetainedEarningsAccumulatedLosses2025-01-31SC439522ns5:RetainedEarningsAccumulatedLosses2024-01-31SC439522ns5:PlantMachinery2024-02-012025-01-31SC439522ns5:MotorVehicles2024-02-012025-01-31SC439522ns5:ComputerEquipment2024-02-012025-01-31SC439522ns5:LandBuildings2024-01-31SC439522ns5:PlantMachinery2024-01-31SC439522ns5:MotorVehicles2024-01-31SC439522ns5:ComputerEquipment2024-01-31SC439522ns5:LandBuildings2024-02-012025-01-31SC439522ns5:LandBuildings2025-01-31SC439522ns5:PlantMachinery2025-01-31SC439522ns5:MotorVehicles2025-01-31SC439522ns5:ComputerEquipment2025-01-31SC439522ns5:LandBuildings2024-01-31SC439522ns5:PlantMachinery2024-01-31SC439522ns5:MotorVehicles2024-01-31SC439522ns5:ComputerEquipment2024-01-31SC439522ns5:WithinOneYearns5:CurrentFinancialInstruments2025-01-31SC439522ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-31
REGISTERED NUMBER: SC439522 (Scotland)












Financial Statements for the Year Ended 31 January 2025

for

DIGIFABCNC.COM LTD

DIGIFABCNC.COM LTD (REGISTERED NUMBER: SC439522)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DIGIFABCNC.COM LTD

Company Information
for the Year Ended 31 January 2025







DIRECTORS: M Tait
L Stephen





REGISTERED OFFICE: Seasgair
Keithhall
Inverurie
Aberdeenshire
AB51 0NB





REGISTERED NUMBER: SC439522 (Scotland)





ACCOUNTANTS: Account Tax Ltd
Chartered Certified Accountants
12 Traill Drive
Montrose
Angus
DD10 8SW

DIGIFABCNC.COM LTD (REGISTERED NUMBER: SC439522)

Balance Sheet
31 January 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 285,283 288,999

CURRENT ASSETS
Stocks 113,385 70,335
Debtors 5 955 1,891
Cash at bank 244 61,281
114,584 133,507
CREDITORS
Amounts falling due within one year 6 395,310 364,205
NET CURRENT LIABILITIES (280,726 ) (230,698 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,557

58,301

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 4,555 58,299
SHAREHOLDERS' FUNDS 4,557 58,301

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 April 2025 and were signed on its behalf by:



M Tait - Director


DIGIFABCNC.COM LTD (REGISTERED NUMBER: SC439522)

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

1. STATUTORY INFORMATION

Digifabcnc.com Ltd is a private company, limited by shares , registered in Scotland. 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.

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
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Work in progress
Work in Progress reflects the ongoing costs associated with the development of houses. Once they are sold profit will be recognised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 material 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

DIGIFABCNC.COM LTD (REGISTERED NUMBER: SC439522)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2024
and 31 January 2025 274,135 43,833 25,070 5,611 348,649
DEPRECIATION
At 1 February 2024 - 36,402 19,927 3,321 59,650
Charge for year - 1,858 1,286 572 3,716
At 31 January 2025 - 38,260 21,213 3,893 63,366
NET BOOK VALUE
At 31 January 2025 274,135 5,573 3,857 1,718 285,283
At 31 January 2024 274,135 7,431 5,143 2,290 288,999

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 798 1,750
Other debtors 157 141
955 1,891

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security 161 596
Other creditors 395,149 363,609
395,310 364,205

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £5,500 (2024 - £4,485) were paid to the directors .

The company was under the control of the directors, M Tait and L Stephen, throughout the current and previous year.

During the year the directors advanced the company net amounts totalling £30,364. As at 31 January 2025, included within other creditors, is a balance outstanding due to the directors of £392,471. (2024 - £362,107). No interest has been paid on this loan.