2024-03-012025-02-282025-02-28false03208340DIGIT INFO-TEC 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DIGIT INFO-TEC LTD

Registered Number
03208340
(England and Wales)

Unaudited Financial Statements for the Year ended
28 February 2025

DIGIT INFO-TEC LTD
Company Information
for the year from 1 March 2024 to 28 February 2025

Director

Mr. T N S Rowe

Company Secretary

ROWE, Andrew James

Registered Address

79 Higher Bore Street
Bodmin
PL31 1JT

Registered Number

03208340 (England and Wales)
DIGIT INFO-TEC LTD
Balance Sheet as at
28 February 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Intangible assets35,2225,222
Tangible assets47,4996,906
12,72112,128
Current assets
Stocks51,5741,824
Debtors6149,206214,420
Cash at bank and on hand178,675139,913
329,455356,157
Creditors amounts falling due within one year7(101,593)(147,132)
Net current assets (liabilities)227,862209,025
Total assets less current liabilities240,583221,153
Creditors amounts falling due after one year8(10,000)(18,000)
Provisions for liabilities9(1,500)(1,381)
Net assets229,083201,772
Capital and reserves
Called up share capital55
Profit and loss account229,078201,767
Shareholders' funds229,083201,772
The financial statements were approved and authorised for issue by the Director on 14 August 2025, and are signed on its behalf by:
Mr. T N S Rowe
Director
Registered Company No. 03208340
DIGIT INFO-TEC LTD
Notes to the Financial Statements
for the year ended 28 February 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
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).
Revenue from sale of goods
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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
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.
Deferred tax
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.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20252024
Average number of employees during the year33
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 March 245,2225,222
At 28 February 255,2225,222
Net book value
At 28 February 255,2225,222
At 29 February 245,2225,222
4.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 March 2471,7302,50074,230
Additions2,381-2,381
At 28 February 2574,1112,50076,611
Depreciation and impairment
At 01 March 2466,1221,20267,324
Charge for year1,3604281,788
At 28 February 2567,4821,63069,112
Net book value
At 28 February 256,6298707,499
At 29 February 245,6081,2986,906
5.Stocks

2025

2024

££
Other stocks1,5741,824
Total1,5741,824
6.Debtors: amounts due within one year

2025

2024

££
Trade debtors / trade receivables68,314130,405
Other debtors80,59684,015
Total148,910214,420
7.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables58,87846,338
Bank borrowings and overdrafts8,66276,462
Taxation and social security19,5486,600
Other creditors9,70813,734
Accrued liabilities and deferred income4,7973,998
Total101,593147,132
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Creditors: amounts due after one year

2025

2024

££
Bank borrowings and overdrafts10,00018,000
Total10,00018,000
9.Provisions for liabilities

2025

2024

££
Net deferred tax liability (asset)1,5001,381
Total1,5001,381