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Registered number: 07041426
A Digital Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
MAP ACCOUNTANTS LTD
16 Blackfriars Street
Manchester
M3 5BQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07041426
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,471 2,974
Tangible Assets 5 687 2,404
3,158 5,378
CURRENT ASSETS
Stocks 6 20,684 17,565
Debtors 7 42,563 35,667
Cash at bank and in hand 24,078 27,640
87,325 80,872
Creditors: Amounts Falling Due Within One Year 8 (68,193 ) (71,889 )
NET CURRENT ASSETS (LIABILITIES) 19,132 8,983
TOTAL ASSETS LESS CURRENT LIABILITIES 22,290 14,361
Creditors: Amounts Falling Due After More Than One Year 9 (14,348 ) (21,005 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (790 ) (1,344 )
NET ASSETS/(LIABILITIES) 7,152 (7,988 )
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Profit and Loss Account 6,152 (8,988 )
SHAREHOLDERS' FUNDS 7,152 (7,988)
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For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Andrew Armitage
Director
29th July 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
A Digital Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07041426 . The registered office is Suite 3 Unit 2, Meadowbank Business Park, Shap Road, Kendal, Cumbria, LA9 6NY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% on Cost
2.5. Stocks and Work in Progress
Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 7)
5 7
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2023 10,000
As at 31 October 2024 10,000
Amortisation
As at 1 November 2023 7,026
Provided during the period 503
As at 31 October 2024 7,529
Net Book Value
As at 31 October 2024 2,471
As at 1 November 2023 2,974
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 November 2023 20,402
Additions 209
Disposals (179 )
As at 31 October 2024 20,432
Depreciation
As at 1 November 2023 17,998
Provided during the period 1,747
As at 31 October 2024 19,745
Net Book Value
As at 31 October 2024 687
As at 1 November 2023 2,404
6. Stocks
2024 2023
£ £
Work in progress 20,684 17,565
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 15,493 9,542
Prepayments and accrued income 5,566 3,334
Other debtors 275 -
S455 Tax charge 5,245 3,868
Corporation tax recoverable assets - 3,454
Director's loan account 15,984 15,469
42,563 35,667
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 17,541 4,758
Bank loans and overdrafts 15,576 30,183
Corporation tax 1,406 -
Other taxes and social security 5,263 4,902
VAT 8,575 17,314
Net wages 2,574 1,921
Other creditors 2,389 3,856
Accruals and deferred income 14,869 8,955
68,193 71,889
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 14,348 21,005
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 2,866 5,339
Later than one year and not later than five years 1,738 2,462
4,604 7,801
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12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2023 Amounts advanced Amounts repaid Amounts written off As at 31 October 2024
£ £ £ £ £
Mr Andrew Armitage 15,469 730 216 - 15,984
The above loan is unsecured, interest free and repayable on demand.
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