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Company Registration No. 03975096 (England and Wales)
REO DIGITAL LIMITED Unaudited accounts for the year ended 31 March 2025
REO DIGITAL LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
REO DIGITAL LIMITED Company Information for the year ended 31 March 2025
Directors
A Furlong S Gripton
Company Number
03975096 (England and Wales)
Registered Office
CHINA WORKS 100 BLACK PRINCE ROAD LONDON SE1 7SJ UNITED KINGDOM
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REO DIGITAL LIMITED Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
90,000 
105,000 
Tangible assets
5
21,621 
26,361 
111,621 
131,361 
Current assets
Debtors
6
651,810 
250,120 
Cash at bank and in hand
40,709 
94,805 
692,519 
344,925 
Creditors: amounts falling due within one year
7
(998,048)
(466,669)
Net current liabilities
(305,529)
(121,744)
Total assets less current liabilities
(193,908)
9,617 
Creditors: amounts falling due after more than one year
8
(7,395)
- 
Net (liabilities)/assets
(201,303)
9,617 
Capital and reserves
Called up share capital
3,000 
3,000 
Profit and loss account
(204,303)
6,617 
Shareholders' funds
(201,303)
9,617 
For the year ending 31 March 2025 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 25 April 2025 and were signed on its behalf by
A Furlong Director Company Registration No. 03975096
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REO DIGITAL LIMITED Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
REO DIGITAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03975096. The registered office is CHINA WORKS, 100 BLACK PRINCE ROAD, LONDON, SE1 7SJ, UNITED KINGDOM.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Over the term of the current lease
Fixtures & fittings
20% Straight Line
Computer equipment
25% Straight Line
Going concern
Due to difficult trading conditions during the year under review, the Balance Sheet shows a net liability position, however the Directors are confident that there is no going concern issue as they have negotiated a long term repayment plan with the largest creditor, HMRC, to fully repay the debt.
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REO DIGITAL LIMITED Notes to the Accounts for the year ended 31 March 2025
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 April 2024
150,000 
1,562 
151,562 
At 31 March 2025
150,000 
1,562 
151,562 
Amortisation
At 1 April 2024
45,000 
1,562 
46,562 
Charge for the year
15,000 
- 
15,000 
At 31 March 2025
60,000 
1,562 
61,562 
Net book value
At 31 March 2025
90,000 
- 
90,000 
At 31 March 2024
105,000 
- 
105,000 
5
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2024
22,730 
18,274 
33,466 
74,470 
Additions
- 
- 
8,624 
8,624 
At 31 March 2025
22,730 
18,274 
42,090 
83,094 
Depreciation
At 1 April 2024
22,730 
12,034 
13,345 
48,109 
Charge for the year
- 
3,654 
9,710 
13,364 
At 31 March 2025
22,730 
15,688 
23,055 
61,473 
Net book value
At 31 March 2025
- 
2,586 
19,035 
21,621 
At 31 March 2024
- 
6,240 
20,121 
26,361 
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
560,005 
241,336 
Accrued income and prepayments
15,399 
8,784 
Other debtors
76,406 
- 
651,810 
250,120 
- 6 -
REO DIGITAL LIMITED Notes to the Accounts for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
66,410 
- 
VAT
165,947 
62,171 
Trade creditors
161,577 
144,586 
Amounts owed to group undertakings and other participating interests
33,782 
14,085 
Taxes and social security
560,575 
235,821 
Other creditors
6,447 
4,915 
Loans from directors
- 
5,091 
Accruals
3,310 
- 
998,048 
466,669 
8
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
7,395 
- 
9
Average number of employees
During the year the average number of employees was 14 (2024: 14).
- 7 -