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COMPANY REGISTRATION NUMBER: 05192457
All Digital Services Limited
Filleted Unaudited Financial Statements
31 July 2024
All Digital Services Limited
Balance Sheet
31 July 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
794
804
Current assets
Debtors
6
24,458
27,100
Cash at bank and in hand
3,949
11
--------
--------
28,407
27,111
Creditors: amounts falling due within one year
7
39,181
41,949
--------
--------
Net current liabilities
10,774
14,838
--------
--------
Total assets less current liabilities
( 9,980)
( 14,034)
Creditors: amounts falling due after more than one year
8
4,207
9,225
--------
--------
Net liabilities
( 14,187)
( 23,259)
--------
--------
Capital and reserves
Called up share capital
2
2
Profit and loss account
( 14,189)
( 23,261)
--------
--------
Shareholders deficit
( 14,187)
( 23,259)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
All Digital Services Limited
Balance Sheet (continued)
31 July 2024
These financial statements were approved by the board of directors and authorised for issue on 24 June 2025 , and are signed on behalf of the board by:
Mr D S Downes
Director
Company registration number: 05192457
All Digital Services Limited
Notes to the Financial Statements
Year ended 31 July 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Pylbrook Road, Sutton, Surrey, SM1 1QZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & Machinery
-
25% straight line
Office Equipment
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Plant and machinery
Equipment
Total
£
£
£
Cost
At 1 August 2023
16,492
3,003
19,495
Additions
816
816
--------
-------
--------
At 31 July 2024
17,308
3,003
20,311
--------
-------
--------
Depreciation
At 1 August 2023
16,051
2,640
18,691
Charge for the year
645
181
826
--------
-------
--------
At 31 July 2024
16,696
2,821
19,517
--------
-------
--------
Carrying amount
At 31 July 2024
612
182
794
--------
-------
--------
At 31 July 2023
441
363
804
--------
-------
--------
6. Debtors
2024
2023
£
£
Trade debtors
6,564
9,858
Other debtors
17,894
17,242
--------
--------
24,458
27,100
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
16,974
24,651
Trade creditors
1,832
2,815
Social security and other taxes
18,335
12,623
Other creditors
2,040
1,860
--------
--------
39,181
41,949
--------
--------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
4,207
9,225
-------
-------
9. Financial instruments
The carrying amount for each category of financial instrument is as follows:
2024
2023
£
£
Financial assets measured at fair value through profit or loss
Financial assets measured at fair value through profit or loss
23,722
23,463
--------
--------
Financial liabilities measured at fair value through profit or loss
Financial liabilities measured at fair value through profit or loss
25,053
38,551
--------
--------
10. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
6,863
7,588
Later than 1 year and not later than 5 years
2,860
9,723
-------
--------
9,723
17,311
-------
--------