REGISTERED NUMBER: 03821971 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

OI Digital Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D I Ashley

REGISTERED OFFICE:

Vale House

Leckhampton Hill

Cheltenham

GL53 9QH

REGISTERED NUMBER:

03821971 (England and Wales)

ACCOUNTANTS:

Haines Watts Wolverhampton Limited

Keepers Lane

The Wergs

Wolverhampton

West Midlands

WV6 8UA

FIXED ASSETS

Tangible assets

4

49,236

84,281

Investments

5

5,466

5,466

54,702

89,747

CURRENT ASSETS

Stocks

4,000

4,000

Debtors

6

546,405

600,245

Cash at bank

18,722

46,224

569,127

650,469

CREDITORS

Amounts falling due within one year

7

260,166

282,333

NET CURRENT ASSETS

308,961

368,136

TOTAL ASSETS LESS CURRENT LIABILITIES

363,663

457,883

PROVISIONS FOR LIABILITIES

11,700

20,327

NET ASSETS

351,963

437,556

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

350,963

436,556

SHAREHOLDERS' FUNDS

351,963

437,556

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Profit and loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2025 and were signed by:

D I Ashley - Director

1.	STATUTORY INFORMATION

OI Digital 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.

Preparation of consolidated financial statements

The financial statements contain information about OI Digital Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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.

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss, 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

47,027

130,910

14,107

192,044

Additions

1,049

-

2,374

3,423

At 31 December 2024

48,076

130,910

16,481

195,467

DEPRECIATION

At 1 January 2024

17,564

78,546

11,653

107,763

Charge for year

9,598

26,182

2,688

38,468

At 31 December 2024

27,162

104,728

14,341

146,231

NET BOOK VALUE

At 31 December 2024

20,914

26,182

2,140

49,236

At 31 December 2023

29,463

52,364

2,454

84,281

5.	FIXED ASSET INVESTMENTS

Shares in

group

£

COST

At 1 January 2024

and 31 December 2024

5,466

NET BOOK VALUE

At 31 December 2024

5,466

At 31 December 2023

5,466

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

82,088

129,016

Other debtors

464,317

471,229

546,405

600,245

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

2,034

1,859

Trade creditors

37,518

37,581

Amounts owed to group undertakings

120,960

98,492

Taxation and social security

93,470

36,363

Other creditors

6,184

108,038

260,166

282,333

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

1,000

1,000

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

D I Ashley

Balance outstanding at start of year

339,907

334,489

Amounts advanced

-

89,192

Amounts repaid

-

(83,774

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

339,907

339,907

10.	RELATED PARTY DISCLOSURES

The parent company is Oi Limited which is registered in England and Wales.