REGISTERED NUMBER: 06447388 (England and Wales)

Unaudited Financial Statements

for the Year Ended 5 April 2025

for

OXYGEN DIGITAL LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T R J Valentine-Diamond

REGISTERED OFFICE:

100 Church Street

Brighton

East Sussex

BN1 1UJ

REGISTERED NUMBER:

06447388 (England and Wales)

ACCOUNTANTS:

Paddenburg & Co Limited

100 Church Street

Brighton

East Sussex

BN1 1UJ

FIXED ASSETS

Tangible assets

4

980

1,470

CURRENT ASSETS

Debtors

5

7,369

27,827

Cash at bank

39,716

34,409

47,085

62,236

CREDITORS

Amounts falling due within one year

6

11,516

15,235

NET CURRENT ASSETS

35,569

47,001

TOTAL ASSETS LESS CURRENT LIABILITIES

36,549

48,471

CREDITORS

Amounts falling due after more than one year

7

(20,365

)

(36,964

)

PROVISIONS FOR LIABILITIES

8

(186

)

(279

)

NET ASSETS

15,998

11,228

CAPITAL AND RESERVES

Called up share capital

120

120

Retained earnings

15,878

11,108

SHAREHOLDERS' FUNDS

15,998

11,228

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 24 July 2025 and were signed by:

T R J Valentine-Diamond - Director

1.	STATUTORY INFORMATION

Oxygen Digital Ltd 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 6 April 2024

and 5 April 2025

2,577

DEPRECIATION

At 6 April 2024

1,107

Charge for year

490

At 5 April 2025

1,597

NET BOOK VALUE

At 5 April 2025

980

At 5 April 2024

1,470

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

3,032

15,894

Directors' loan accounts

-

7,596

Tax

4,337

4,337

7,369

27,827

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

4,722

4,605

Tax

3,120

2,429

Social security and other taxes

548

24

VAT

1,730

4,225

Credit card

8

19

Directors' loan accounts

188

2,733

Accrued expenses

1,200

1,200

11,516

15,235

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

4,841

4,722

Bank loans - 2-5 years

15,270

14,893

Bank loans more 5 yr by instal

254

5,472

Other creditors

-

11,877

20,365

36,964

2025

2024

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

254

5,472

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

186

279

Deferred

tax

£

Balance at 6 April 2024

279

Accelerated capital allowances

(93

)

Balance at 5 April 2025

186

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 5 April 2025 and 5 April 2024:

2025

2024

£

£

T R J Valentine-Diamond

Balance outstanding at start of year

-

14,334

Amounts repaid

-

(14,334

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

A C Bones

Balance outstanding at start of year

7,597

14,283

Amounts repaid

(7,597

)

(6,686

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

7,597

10.	RELATED PARTY DISCLOSURES

Following their exit from the company on 30 November 2024, Tim Roser, Chantel Roser and Adam Bones, transferred their holding shares to Tom Valentine-Diamond, making him the sole director of the company.

With the departure of Tim Roser, there was a historic directors' loan account balance which has been provisioned as a creditor. Ex-director Tim Roser who held 33% stake in the company, has voluntarily waived his right to the historic loan balance totalling £11,877. The aforementioned amount has been credited to the profit and loss account.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is T R J Valentine-Diamond.