Block Digital Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10873150

BLOCK DIGITAL LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD ENDING

29 July 2024

BLOCK DIGITAL LTD

STATEMENT OF FINANCIAL POSITION

29 July 2024

	29 Jul 24		31 Jul 23
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		770		1,481

CURRENT ASSETS

Debtors	6	18,316	16,805
Cash at bank and in hand		8,748	1,762
		--------	--------
		27,064	18,567

CREDITORS: amounts falling due within one year	7	( 17,425)		( 4,076)
		--------		--------
NET CURRENT ASSETS			9,639		14,491
			--------		--------
TOTAL ASSETS LESS CURRENT LIABILITIES			10,409		15,972

CREDITORS: amounts falling due after more than one year	8	( 9,932)	( 15,867)
		--------	--------
NET ASSETS		477	105
		--------	--------

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	377	5
	----	----
SHAREHOLDERS FUNDS	477	105
	----	----

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 statement of income and retained earnings has not been delivered.

For the period ending 29 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

BLOCK DIGITAL LTD

STATEMENT OF FINANCIAL POSITION (continued)

29 July 2024

These financial statements were approved by the board of directors and authorised for issue on 29 October 2025 , and are signed on behalf of the board by:

R Anand
Director

Company registration number: 10873150

BLOCK DIGITAL LTD

NOTES TO THE FINANCIAL STATEMENTS

PERIOD FROM 1 AUGUST 2023 TO 29 JULY 2024

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Ashbury Works, Gorton Road, Manchester, M12 5AD.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. The financial statements have also been prepared on the going concern basis. The directors consider the going concern basis to be appropriate as they have confirmed their ongoing support.

Revenue recognition

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax.

Income tax

Deferred Taxation is provided using the liability method on all timing differences that have originated but not reversed at the balance sheet date.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently state at cost less any accumulated depreciation.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	5 years

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the period amounted to Nil (2023: 2 ).

5. TANGIBLE ASSETS

	Equipment
	£
Cost
At 1 August 2023 and 29 July 2024	3,554
	-------
Depreciation
At 1 August 2023	2,073
Charge for the period	711
	-------
At 29 July 2024	2,784
	-------
Carrying amount
At 29 July 2024	770
	-------
At 31 July 2023	1,481
	-------

6. DEBTORS

	29 Jul 24	31 Jul 23
	£	£
Trade debtors	5,604	7,213
Other debtors	12,712	9,592
	--------	--------
	18,316	16,805
	--------	--------

7. CREDITORS: amounts falling due within one year

	29 Jul 24	31 Jul 23
	£	£
Trade creditors	–	250
Corporation tax	911	658
Social security and other taxes	2,714	2,268
Other creditors	13,800	900
	--------	-------
	17,425	4,076
	--------	-------

8. CREDITORS: amounts falling due after more than one year

	29 Jul 24	31 Jul 23
	£	£
Bank loans and overdrafts	9,932	15,867
	-------	--------