Registered number
05948195
Digitech London Limited
Filleted Accounts
30 September 2024
Digitech London Limited
Registered number: 05948195
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,548 1,499
Current assets
Debtors 4 24,226 2,620
Cash at bank and in hand 473,823 450,675
498,049 453,295
Creditors: amounts falling due within one year 5 (41,322) (46,962)
Net current assets 456,727 406,333
Net assets 458,275 407,832
Capital and reserves
Called up share capital 100 100
Profit and loss account 458,175 407,732
Shareholders' funds 458,275 407,832
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Rohan Abraham Raju
Director
Approved by the board on 12 June 2025
Digitech London Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 3 years
Investments
Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 27,593
Additions 1,198
At 30 September 2024 28,791
Depreciation
At 1 October 2023 26,094
Charge for the year 1,149
At 30 September 2024 27,243
Net book value
At 30 September 2024 1,548
At 30 September 2023 1,499
4 Debtors 2024 2023
£ £
Trade debtors 24,226 2,620
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 629 -
Taxation and social security costs 40,614 46,650
Other creditors 79 312
41,322 46,962
6 Other information
Digitech London Limited is a private company limited by shares and incorporated in England. Its registered office is:
124 City Road
London
EC1V 2NX
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