IRIS Accounts Production v25.1.4.42 07396097 Board of Directors 1.11.23 31.10.24 31.10.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh073960972023-10-31073960972024-10-31073960972023-11-012024-10-31073960972022-10-31073960972022-11-012023-10-31073960972023-10-3107396097ns14:PoundSterling2023-11-012024-10-3107396097ns10:Director12023-11-012024-10-3107396097ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3107396097ns10:SmallEntities2023-11-012024-10-3107396097ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3107396097ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3107396097ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3107396097ns10:FullAccounts2023-11-012024-10-310739609712023-11-012024-10-3107396097ns10:Director22023-11-012024-10-3107396097ns10:CompanySecretary12023-11-012024-10-3107396097ns10:RegisteredOffice2023-11-012024-10-3107396097ns5:CurrentFinancialInstruments2024-10-3107396097ns5:CurrentFinancialInstruments2023-10-3107396097ns5:Non-currentFinancialInstruments2024-10-3107396097ns5:Non-currentFinancialInstruments2023-10-3107396097ns5:ShareCapital2024-10-3107396097ns5:ShareCapital2023-10-3107396097ns5:RetainedEarningsAccumulatedLosses2024-10-3107396097ns5:RetainedEarningsAccumulatedLosses2023-10-3107396097ns5:NetGoodwill2023-11-012024-10-3107396097ns5:IntangibleAssetsOtherThanGoodwill2023-11-012024-10-3107396097ns5:FurnitureFittings2023-11-012024-10-3107396097ns5:ComputerEquipment2023-11-012024-10-3107396097ns5:NetGoodwill2023-10-3107396097ns5:NetGoodwill2024-10-3107396097ns5:NetGoodwill2023-10-3107396097ns5:FurnitureFittings2023-10-3107396097ns5:ComputerEquipment2023-10-3107396097ns5:FurnitureFittings2024-10-3107396097ns5:ComputerEquipment2024-10-3107396097ns5:FurnitureFittings2023-10-3107396097ns5:ComputerEquipment2023-10-3107396097ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3107396097ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3107396097ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-10-3107396097ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-10-31073960971ns10:Director12023-10-31073960971ns10:Director12022-10-31073960971ns10:Director12023-11-012024-10-31073960971ns10:Director12022-11-012023-10-31073960971ns10:Director12024-10-31073960971ns10:Director12023-10-31
REGISTERED NUMBER: 07396097















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Fountain Digital Limited

Fountain Digital Limited (Registered number: 07396097)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fountain Digital Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: D J Hazelgrove
N Newnham





SECRETARY: D J Hazelgrove





REGISTERED OFFICE: 398 Coast Road
Pevensey Bay
East Sussex
BN24 6NY





REGISTERED NUMBER: 07396097





ACCOUNTANTS: Stone's Accountancy Sussex Limited
398 Coast Road
Pevensey Bay
Pevensey
East Sussex
BN24 6NY

Fountain Digital Limited (Registered number: 07396097)

Balance Sheet
31 October 2024

31/10/24 31/10/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 10,246 12,808
10,246 12,808

CURRENT ASSETS
Stocks (4,446 ) 1,009
Debtors 6 14,242 14,964
Prepayments and accrued income 2,750 2,750
Cash at bank and in hand 28,463 40,665
41,009 59,388
CREDITORS
Amounts falling due within one year 7 63,271 58,041
NET CURRENT (LIABILITIES)/ASSETS (22,262 ) 1,347
TOTAL ASSETS LESS CURRENT
LIABILITIES

(12,016

)

14,155

CREDITORS
Amounts falling due after more than
one year

8

(9,340

)

(12,992

)

PROVISIONS FOR LIABILITIES (811 ) (998 )
NET (LIABILITIES)/ASSETS (22,167 ) 165

Fountain Digital Limited (Registered number: 07396097)

Balance Sheet - continued
31 October 2024

31/10/24 31/10/23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 201 201
Retained earnings (22,368 ) (36 )
SHAREHOLDERS' FUNDS (22,167 ) 165

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 13 June 2025 and were signed on its behalf by:





D J Hazelgrove - Director


Fountain Digital Limited (Registered number: 07396097)

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

1. STATUTORY INFORMATION

Fountain Digital Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of two years.

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.

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 and 20% on reducing balance
Computer equipment - 20% on reducing balance and Over 3 Years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Fountain Digital Limited (Registered number: 07396097)

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

2. ACCOUNTING POLICIES - continued
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.

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 7 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 3,500
AMORTISATION
At 1 November 2023
and 31 October 2024 3,500
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

Fountain Digital Limited (Registered number: 07396097)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2023
and 31 October 2024 3,717 30,882 34,599
DEPRECIATION
At 1 November 2023 2,234 19,557 21,791
Charge for year 297 2,265 2,562
At 31 October 2024 2,531 21,822 24,353
NET BOOK VALUE
At 31 October 2024 1,186 9,060 10,246
At 31 October 2023 1,483 11,325 12,808

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Trade debtors 14,242 11,536
Directors' loan accounts - 3,428
14,242 14,964

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Bank loans and overdrafts 1,495 4,233
Trade creditors 8,010 992
Tax 22,379 27,469
Social security and other taxes 1,577 2,823
VAT 24,991 19,555
Directors' loan accounts 1,867 -
Accrued expenses 2,952 2,969
63,271 58,041

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31/10/24 31/10/23
£    £   
Other loans - 1-2 years 9,340 12,992

Fountain Digital Limited (Registered number: 07396097)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

31/10/24 31/10/23
£    £   
D J Hazelgrove
Balance outstanding at start of year 3,428 -
Amounts advanced - 3,428
Amounts repaid (3,428 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 3,428

At the balance sheet date the directors loan account was owed to the director. No interest has been changed for this loan and there is loan repayment date set. The loan is repayable on demand.,