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REGISTERED NUMBER: 04533447 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

DIGI-PRODUCTS LIMITED

DIGI-PRODUCTS LIMITED (REGISTERED NUMBER: 04533447)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DIGI-PRODUCTS LIMITED

COMPANY INFORMATION
for the Year Ended 31 October 2024







DIRECTORS: D Boyland
Mrs A Boyland





SECRETARY: D Boyland





REGISTERED OFFICE: Burton Mere
Coast Road
Burton Bradstock
Bridport
Dorset
DT6 4RN





REGISTERED NUMBER: 04533447 (England and Wales)





ACCOUNTANTS: Durrants, Chartered Accountants
24 Wellington Business Park
Dukes Ride
Crowthorne
Berkshire
RG45 6LS

DIGI-PRODUCTS LIMITED (REGISTERED NUMBER: 04533447)

BALANCE SHEET
31 October 2024

31/10/24 31/10/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 40,638 30,793
40,638 30,793

CURRENT ASSETS
Debtors 6 139,471 3,084,767
Cash at bank 537,262 340,678
676,733 3,425,445
CREDITORS
Amounts falling due within one year 7 279,781 132,497
NET CURRENT ASSETS 396,952 3,292,948
TOTAL ASSETS LESS CURRENT LIABILITIES 437,590 3,323,741

CAPITAL AND RESERVES
Called up share capital 850 850
Retained earnings 436,740 3,322,891
SHAREHOLDERS' FUNDS 437,590 3,323,741

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 16 July 2025 and were signed on its behalf by:




D Boyland - Director



Mrs A Boyland - Director


DIGI-PRODUCTS LIMITED (REGISTERED NUMBER: 04533447)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Digi-Products Limited is a private company, limited by shares , registered in England and Wales. 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 2002, was amortised evenly over its estimated useful life of ten 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
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 : 25% on a reducing balance basis.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 240,000
AMORTISATION
At 1 November 2023
and 31 October 2024 240,000
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

DIGI-PRODUCTS LIMITED (REGISTERED NUMBER: 04533447)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 52,918
Additions 51,942
Disposals (38,773 )
At 31 October 2024 66,087
DEPRECIATION
At 1 November 2023 22,125
Charge for year 13,825
Eliminated on disposal (10,501 )
At 31 October 2024 25,449
NET BOOK VALUE
At 31 October 2024 40,638
At 31 October 2023 30,793

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Trade debtors 134,763 58,706
Other debtors 4,708 3,026,061
139,471 3,084,767

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Taxation and social security 110,108 118,842
Other creditors 169,673 13,655
279,781 132,497

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31/10/24 31/10/23
£    £   
D Boyland and Mrs A Boyland
Balance outstanding at start of year 2,890,911 (96,547 )
Amounts advanced 3,037,913 2,988,394
Amounts repaid (6,074,240 ) (936 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (145,416 ) 2,890,911

9. ULTIMATE CONTROLLING PARTY

The controlling party is D Boyland.