Registered number
08923168
Platypus Digital Ltd
Filleted Accounts
31 March 2025
Platypus Digital Ltd
Registered number: 08923168
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 - 1,022
Current assets
Debtors 4 123,277 73,815
Cash at bank and in hand 143,196 104,683
266,473 178,498
Creditors: amounts falling due within one year 5 (193,192) (174,577)
Net current assets 73,281 3,921
Total assets less current liabilities 73,281 4,943
Creditors: amounts falling due after more than one year 6 (5,968) (17,904)
Provisions for liabilities - (583)
Net assets/(liabilities) 67,313 (13,544)
Capital and reserves
Called up share capital 2 2
Profit and loss account 67,311 (13,546)
Shareholders' funds 67,313 (13,544)
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.
Mr Matthew Collins
Director
Approved by the board on 17 June 2025
Platypus Digital Ltd
Notes to the Accounts
for the year ended 31 March 2025
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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 5 years
Computer equipment over 3 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 14 15
3 Tangible fixed assets
Plant and machinery etc Computer equipment Total
£ £ £
Cost
At 1 April 2024 3,669 1,035 4,704
At 31 March 2025 3,669 1,035 4,704
Depreciation
At 1 April 2024 2,753 929 3,682
Charge for the year 916 106 1,022
At 31 March 2025 3,669 1,035 4,704
Net book value
At 31 March 2025 - - -
At 31 March 2024 916 106 1,022
4 Debtors 2025 2024
£ £
Trade debtors 115,779 69,640
Other debtors 7,498 4,175
123,277 73,815
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 11,935 11,935
Trade creditors 15,321 9,715
Directors' loan account 345 25,750
VAT 53,930 62,656
Taxation and social security costs 47,827 33,020
Other creditors 63,834 31,501
193,192 174,577
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 5,968 17,904
7 Other information
Platypus Digital Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Runway East
20 St Thomas Street
London
SE1 9RS
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