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Company registration number: 13872056
Digitalab Holdings Ltd
Unaudited filleted abridged financial statements
31 January 2025
Digitalab Holdings Ltd
Contents
Directors and other information
Accountants report
Abridged statement of financial position
Statement of changes in equity
Notes to the financial statements
Digitalab Holdings Ltd
Directors and other information
Directors Michael Brydon
Jill Fountain
Calum Thomson
John Wilkinson (Resigned 30 June 2024)
Company number 13872056
Registered office Unit 2 Cumberland Road
North Shields
NE29 8RD
Business address Unit 2 Cumberland Road
North Shields
NE29 8RD
Accountants T R Dixon & Co Ltd
Chartered Certified Accountants
Statutory Auditors
1A Dinsdale Place
Jesmond
Newcastle upon Tyne
Tyne and Wear
NE2 1BD
Digitalab Holdings Ltd
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Digitalab Holdings Ltd
Year ended 31 January 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Digitalab Holdings Ltd for the year ended 31 January 2025 which comprise the abridged statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements.
This report is made solely to the board of directors of Digitalab Holdings Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Digitalab Holdings Ltd and state those matters that we have agreed to state to the board of directors of Digitalab Holdings Ltd as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Digitalab Holdings Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that Digitalab Holdings Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Digitalab Holdings Ltd. You consider that Digitalab Holdings Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Digitalab Holdings Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
T R Dixon & Co Ltd
Chartered Certified Accountants
Statutory Auditors
1A Dinsdale Place
Jesmond
Newcastle upon Tyne
Tyne and Wear
NE2 1BD
23 July 2025
Digitalab Holdings Ltd
Abridged statement of financial position
31 January 2025
2025 2024
Note £ £ £ £
Fixed assets
Investments 4 50,100 50,100
_______ _______
50,100 50,100
Creditors: amounts falling due
within one year ( 49,146) ( 49,096)
_______ _______
Net current liabilities ( 49,146) ( 49,096)
_______ _______
Total assets less current liabilities 954 1,004
_______ _______
Net assets 954 1,004
_______ _______
Capital and reserves
Called up share capital 954 1,004
_______ _______
Shareholders funds 954 1,004
_______ _______
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 31 January 2025 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 23 July 2025 , and are signed on behalf of the board by:
Jill Fountain
Director
Company registration number: 13872056
Digitalab Holdings Ltd
Notes to the financial statements
Year ended 31 January 2025
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Unit 2 Cumberland Road, North Shields, NE29 8RD.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
4. Investments
£
Cost
At 1 February 2024 and 31 January 2025 50,100
_______
Impairment
At 1 February 2024 and 31 January 2025 -
_______
Carrying amount
At 31 January 2025 50,100
_______
At 31 January 2024 50,100
_______