Company Registration No. 04303402 (England and Wales)
Digital World Direct Limited
Unaudited accounts
for the year ended 31 December 2024
Digital World Direct Limited
Unaudited accounts
Contents
Digital World Direct Limited
Company Information
for the year ended 31 December 2024
Directors
Mr S Lacey
Mrs J Lacey
Company Number
04303402 (England and Wales)
Registered Office
First Floor, Block B
6-8 Brook Way, Ivyhouse Lane
Hastings
East Sussex
TN35 4NN
England
Accountants
Fairbook Business Services Ltd
12-14 Maunsell Road
St Leonards on Sea
East Sussex
TN38 9NN
Digital World Direct Limited
Statement of financial position
as at 31 December 2024
Tangible assets
17,589
37,914
Cash at bank and in hand
92,922
57,843
Creditors: amounts falling due within one year
(126,626)
(109,219)
Net current assets
18,778
25,362
Total assets less current liabilities
36,367
63,276
Creditors: amounts falling due after more than one year
(31,801)
(52,360)
Provisions for liabilities
Deferred tax
(4,221)
(10,068)
Called up share capital
220
220
Profit and loss account
125
628
Shareholders' funds
345
848
For the year 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by
Mr S Lacey
Director
Company Registration No. 04303402
Digital World Direct Limited
Notes to the Accounts
for the year ended 31 December 2024
Digital World Direct Limited is a private company, limited by shares, registered in England and Wales, registration number 04303402. The registered office is First Floor, Block B, 6-8 Brook Way, Ivyhouse Lane, Hastings, East Sussex, TN35 4NN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Fixtures & fittings
25% on reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Digital World Direct Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2024
17,375
73,611
90,986
Disposals
(15,800)
-
(15,800)
At 31 December 2024
1,575
73,961
75,536
At 1 January 2024
2,105
50,967
53,072
Charge for the year
114
5,749
5,863
At 31 December 2024
1,231
56,716
57,947
At 31 December 2024
344
17,245
17,589
At 31 December 2023
15,270
22,644
37,914
Amounts falling due within one year
Trade debtors
15,802
27,230
Accrued income and prepayments
7,115
3,036
Other debtors
12,368
17,682
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
7,955
7,330
Obligations under finance leases and hire purchase contracts
-
3,125
Trade creditors
38,820
51,679
Taxes and social security
36,635
18,063
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
11,979
Digital World Direct Limited
Notes to the Accounts
for the year ended 31 December 2024
Allotted, called up and fully paid:
110 Ordinary A shares of £1 each
110
110
110 Ordinary B shares of £1 each
110
110
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors' advances, credits and guarantees
7,519
11,454
13,000
5,973
Directors' advances, credits and guarantee
7,520
11,453
13,000
5,973
15,039
22,907
26,000
11,946
10
Average number of employees
During the year the average number of employees was 12 (2023: 10).