OKO Digital Limited - Filleted accounts

Registered number

03867231

OKO Digital Limited

Filleted Accounts

31 December 2024

OKO Digital Limited
Registered number:		03867231
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		2,170			18,175
Investments	4		2,113,784			-
			2,115,954			18,175

Current assets
Debtors	5	186,436			3,631,594
Cash at bank and in hand		9,907			2,307,917
		196,343			5,939,511

Creditors: amounts falling due within one year	6	(3,655,743)			(6,874,626)

Net current liabilities			(3,459,400)			(935,115)

Net liabilities			(1,343,446)			(916,940)

Capital and reserves
Called up share capital			1,176			1,176
Profit and loss account			(1,344,622)			(918,116)

Shareholders' funds			(1,343,446)			(916,940)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Zachary Dugow
Director
Approved by the board on 25 September 2025

OKO Digital Limited
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	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).

	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 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold improvements			20% Straight line
	Development Costs			25% Straight line
	Fixtures, fittings, tools and equipment			25% Reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	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.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2024		2023
Number							Number

	Average number of persons employed by the company					1		2



3	Tangible fixed assets
		Software deveiopments		Leasehold Improvements		Fixtures, Fittings & Equipment		Total
£			£		£		£
	Cost
	At 1 January 2024	170,997		1,500		14,064		186,561
	At 31 December 2024	170,997		1,500		14,064		186,561

	Depreciation
	At 1 January 2024	155,055		1,500		11,831		168,386
	Charge for the year	13,772		-		2,233		16,005
	At 31 December 2024	168,827		1,500		14,064		184,391

	Net book value
	At 31 December 2024	2,170		-		-		2,170
	At 31 December 2023	15,942		-		2,233		18,175


4	Investments

Other
investments
£
	Cost
	Additions							2,113,784

	At 31 December 2024							2,113,784


5	Debtors					2024		2023
£							£

	Trade debtors					157,196		2,607,581
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					28,257		23,055
	Other debtors					983		1,000,958
						186,436		3,631,594


6	Creditors: amounts falling due within one year					2024		2023
£							£

	Trade creditors					136,755		174,214
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					2,776,352		6,614,715
	Taxation and social security costs					816		-
	Other creditors					741,820		85,697
						3,655,743		6,874,626

	Other creditors include deferred consideration of £741,578 (2023: £nil) in respect of the acquisition of Adventori, a company incorporated in France.

7	Controlling party

	The company’s immediate parent undertaking is Insticator UK Limited, incorporated and registered in England and Wales.
	The company’s ultimate parent undertaking and controlling party is Insticator Inc, incorporated in United State.

8	Other information

	OKO Digital Limited is a private company limited by shares and incorporated in England. Its registered office is:

	The Cake Shed
	Manor Farm
	Hayling Island, Hampshire
	United Kingdom
	PO11 0QW