IRIS Accounts Production v25.1.4.42 05170335 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh051703352024-03-31051703352025-03-31051703352024-04-012025-03-31051703352023-03-31051703352023-04-012024-03-31051703352024-03-3105170335ns15:EnglandWales2024-04-012025-03-3105170335ns14:PoundSterling2024-04-012025-03-3105170335ns10:Director12024-04-012025-03-3105170335ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3105170335ns10:SmallEntities2024-04-012025-03-3105170335ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-3105170335ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3105170335ns10:AbridgedAccounts2024-04-012025-03-310517033512024-04-012025-03-3105170335ns10:Director22024-04-012025-03-3105170335ns10:RegisteredOffice2024-04-012025-03-3105170335ns5:CurrentFinancialInstruments2025-03-3105170335ns5:CurrentFinancialInstruments2024-03-3105170335ns5:Non-currentFinancialInstruments2025-03-3105170335ns5:Non-currentFinancialInstruments2024-03-3105170335ns5:ShareCapital2025-03-3105170335ns5:ShareCapital2024-03-3105170335ns5:RetainedEarningsAccumulatedLosses2025-03-3105170335ns5:RetainedEarningsAccumulatedLosses2024-03-3105170335ns5:IntangibleAssetsOtherThanGoodwill2024-04-012025-03-3105170335ns5:PatentsTrademarksLicencesConcessionsSimilar2024-04-012025-03-3105170335ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2024-04-012025-03-3105170335ns5:LandBuildingsns5:ShortLeaseholdAssets2024-04-012025-03-3105170335ns5:FurnitureFittings2024-04-012025-03-3105170335ns5:MotorVehicles2024-04-012025-03-3105170335ns5:ComputerEquipment2024-04-012025-03-31
REGISTERED NUMBER: 05170335 (England and Wales)



















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

DIGIFLEX LIMITED

DIGIFLEX LIMITED (REGISTERED NUMBER: 05170335)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Report of the Directors 2

Abridged Balance Sheet 3

Notes to the Financial Statements 5


DIGIFLEX LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







Directors: A Cane
Mrs C Cane





Registered office: 15 Eldon Way
Hockley
Essex
SS5 4AD





Registered number: 05170335 (England and Wales)





Accountants: Baverstocks Limited
Chartered Certified Accountants
Dickens House
Guithavon Street
Witham
Essex
CM8 1BJ

DIGIFLEX LIMITED (REGISTERED NUMBER: 05170335)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 MARCH 2025

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

Dividends
The total distribution of dividends for the year ended 31 March 2025 will be £ 58,000 .

Directors
The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

A Cane
Mrs C Cane

On behalf of the board:





A Cane - Director


22 July 2025

DIGIFLEX LIMITED (REGISTERED NUMBER: 05170335)

ABRIDGED BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
Fixed assets
Intangible assets 4 5,119 2,860
Property, plant and equipment 5 126,035 158,383
131,154 161,243

Current assets
Inventories 989,992 985,581
Debtors 1,429,734 1,391,643
Cash at bank 26,532 99,901
2,446,258 2,477,125
Creditors
Amounts falling due within one year 1,375,852 1,277,620
Net current assets 1,070,406 1,199,505
Total assets less current liabilities 1,201,560 1,360,748

Creditors
Amounts falling due after more than one
year

(96,165

)

(119,495

)

Provisions for liabilities (16,673 ) (19,425 )
Net assets 1,088,722 1,221,828

Capital and reserves
Called up share capital 1,500 1,500
Retained earnings 1,087,222 1,220,328
Shareholders' funds 1,088,722 1,221,828

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

DIGIFLEX LIMITED (REGISTERED NUMBER: 05170335)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 22 July 2025 and were signed on its behalf by:





A Cane - Director


DIGIFLEX LIMITED (REGISTERED NUMBER: 05170335)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. Statutory information

Digiflex 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Patents and Licences are being amortised evenly over their estimated useful life of ten years.

Development costs are being amortised evenly over their estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short Leasehold - Straight Line Over Period of Lease
Fixtures and Fittings - 25% on reducing balance
Motor Vehicles - 25% on reducing balance
Office Equipment - 25% on reducing balance

Stocks
Inventories 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.

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.

DIGIFLEX LIMITED (REGISTERED NUMBER: 05170335)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Employee benefit trusts
The Company has created a trust whose beneficiaries will include employees of the Company and their dependents. Assets held under this trust will be controlled by trustees who will be acting independently and entirely at their own discretion.
Where assets are held in the trust and these are considered by the Company to be in respect of services already provided by employees to the Company, the Company will account for these as assets of the trust when payment is made to the trust. The value transferred will be charged in the Company's profit and loss account for the year to which it relates.

3. Employees and directors

The average number of employees during the year was 23 (2024 - 12 ) .

4. Intangible fixed assets
Totals
£   
Cost
At 1 April 2024 112,358
Additions 2,776
At 31 March 2025 115,134
Amortisation
At 1 April 2024 109,498
Amortisation for year 517
At 31 March 2025 110,015
Net book value

At 31 March 2025 5,119
At 31 March 2024 2,860

DIGIFLEX LIMITED (REGISTERED NUMBER: 05170335)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

5. Property, plant and equipment
Totals
£   
Cost
At 1 April 2024 724,509
Additions 7,444
Disposals (46,442 )
At 31 March 2025 685,511
Depreciation
At 1 April 2024 566,126
Charge for year 38,222
Eliminated on disposal (44,872 )
At 31 March 2025 559,476
Net book value
At 31 March 2025 126,035
At 31 March 2024 158,383

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
Cost
At 1 April 2024
and 31 March 2025 119,995
Depreciation
At 1 April 2024 43,123
Charge for year 19,218
At 31 March 2025 62,341
Net book value
At 31 March 2025 57,654
At 31 March 2024 76,872