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Registered number: 12254221
OJ Digital Ltd
Unaudited Financial Statements
For the Period 1 November 2023 to 31 December 2024
Ashton McGill
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12254221
31 December 2024 31 October 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 32,840 30,947
Investments 5 40,500 40,500
73,340 71,447
CURRENT ASSETS
Debtors 6 610,203 273,196
Cash at bank and in hand 217,580 362,063
827,783 635,259
Creditors: Amounts Falling Due Within One Year 7 (249,234 ) (241,610 )
NET CURRENT ASSETS (LIABILITIES) 578,549 393,649
TOTAL ASSETS LESS CURRENT LIABILITIES 651,889 465,096
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,210 ) (6,968 )
NET ASSETS 643,679 458,128
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 643,677 458,126
SHAREHOLDERS' FUNDS 643,679 458,128
Page 1
Page 2
For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Oliver Hudson
Director
12/06/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
OJ Digital Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12254221 . The registered office is The Old Brewery, High Court, Leeds, England, LS2 7ES.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. 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:
Fixtures & Fittings 25% Staight Line
Computer Equipment 25% Staight Line
2.4. 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.
2.5. 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 years 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 assets reflect 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 and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the period was: 31 (2023: 19)
31 19
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 November 2023 10,760 37,913 48,673
Additions 931 18,266 19,197
As at 31 December 2024 11,691 56,179 67,870
Depreciation
As at 1 November 2023 2,377 15,349 17,726
Provided during the period 3,263 14,041 17,304
As at 31 December 2024 5,640 29,390 35,030
Net Book Value
As at 31 December 2024 6,051 26,789 32,840
As at 1 November 2023 8,383 22,564 30,947
5. Investments
Unlisted
£
Cost
As at 1 November 2023 40,500
As at 31 December 2024 40,500
Provision
As at 1 November 2023 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 40,500
As at 1 November 2023 40,500
6. Debtors
31 December 2024 31 October 2023
£ £
Due within one year
Trade debtors 171,560 237,520
Amounts owed by group undertakings 336,840 22,499
Other debtors 101,803 13,177
610,203 273,196
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Page 5
7. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 October 2023
£ £
Trade creditors 35,999 70,297
Amounts owed to group undertakings 11,915 11,886
Other creditors 5,894 19,580
Taxation and social security 195,426 139,847
249,234 241,610
8. Share Capital
31 December 2024 31 October 2023
£ £
Allotted, Called up and fully paid 2 2
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