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Company No: 08327127 (England and Wales)

# AUTHENTIC DIGITAL LIMITED

### Unaudited Financial Statements
For the financial year ended 28 February 2025
Pages for filing with the registrar

AUTHENTIC DIGITAL LIMITED

## Unaudited Financial Statements

For the financial year ended 28 February 2025

Contents

AUTHENTIC DIGITAL LIMITED

## BALANCE SHEET

As at 28 February 2025
AUTHENTIC DIGITAL LIMITED

## BALANCE SHEET (continued)

As at 28 February 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 14,948 |  | 19,084
|  | 14,948 |  | 19,084
Current assets |  |  |  |
Debtors | 4 | 189,550 |  | 212,673
Cash at bank and in hand |  | 24,217 |  | 34,223
|  | 213,767 |  | 246,896
Creditors: amounts falling due within one year | 5 | ( 126,650) |  | ( 175,755)
Net current assets |  | 87,117 |  | 71,141
Total assets less current liabilities |  | 102,065 |  | 90,225
Creditors: amounts falling due after more than one year | 6 | ( 37,898) |  | ( 55,088)
Provision for liabilities |  | ( 3,738) |  | ( 4,389)
Net assets |  | 60,429 |  | 30,748
Capital and reserves |  |  |  |
Called-up share capital |  | 6 |  | 6
Profit and loss account |  | 60,423 |  | 30,742
Total shareholders' funds |  | 60,429 |  | 30,748

For the financial year ending 28 February 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 financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Authentic Digital Limited (registered number: 08327127) were approved and authorised for issue by the Board of Directors on 03 July 2025. They were signed on its behalf by:

J Jeffries Director |  | W Jeffries Director
J Webster Director |

AUTHENTIC DIGITAL LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2025
AUTHENTIC DIGITAL LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Authentic Digital Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Goodwood House, Blackbrook Park Avenue, Taunton, TA1 2PX, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Deferred tax
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 financial statements. 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 tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles | 25 % reducing balance
Fixtures and fittings | 5 years straight line
Office equipment | 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 5 |  | 4

#### 3. Tangible assets

| Vehicles |  | Fixtures and fittings |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 March 2024 | 67,474 |  | 3,188 |  | 10,023 |  | 80,685
Additions | 0 |  | 0 |  | 815 |  | 815
At 28 February 2025 | 67,474 |  | 3,188 |  | 10,838 |  | 81,500
Accumulated depreciation |  |  |  |  |  |  |
At 01 March 2024 | 48,569 |  | 3,188 |  | 9,844 |  | 61,601
Charge for the financial year | 4,727 |  | 0 |  | 224 |  | 4,951
At 28 February 2025 | 53,296 |  | 3,188 |  | 10,068 |  | 66,552
Net book value |  |  |  |  |  |  |
At 28 February 2025 | 14,178 |  | 0 |  | 770 |  | 14,948
At 29 February 2024 | 18,905 |  | 0 |  | 179 |  | 19,084

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 9,490 |  | 17,574
Amounts owed by directors | 139,373 |  | 131,472
Prepayments | 2,571 |  | 0
Other debtors | 38,116 |  | 63,627
| 189,550 |  | 212,673

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans and overdrafts (secured) | 17,737 |  | 34,486
Trade creditors | 489 |  | 7,228
Taxation and social security | 39,608 |  | 47,376
Obligations under finance leases and hire purchase contracts | 0 |  | 18,351
Other creditors | 68,816 |  | 68,314
| 126,650 |  | 175,755

#### 6. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans (secured) | 18,795 |  | 27,885
Other creditors | 19,103 |  | 27,203
| 37,898 |  | 55,088

#### 7. Related party transactions

The Directors loan accounts are repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.
Director 1
At 1 March 2024 the balance owed by the director was £48,084. During the year £36,929 was advanced and £32,897 was repaid. The balance owed by the director at 28 February 2025 was £52,116.
At 1 March 2023 the balance owed by the director was £55,665. During the year, £35,405 was advanced and £42,986 was repaid. The balance owed by the director as at 29 February 2024 was £48,084.
Director 2
At 1 March 2024 the balance owed by the director was £61,220. During the year £42,505 was advanced and £36,260 was repaid. The balance owed by the director at 28 February 2025 was £67,465.
At 1 March 2023 the balance owed by the director was £62,763. During the year, £40,475 was advanced and £42,018 was repaid. The balance owed by the director as at 29 February 2024 was £61,220.
Director 3
At 1 March 2024 the balance owed by the director was £22,168. During the year £31,381 was advanced and £33,757 was repaid. The balance owed by the director at 28 February 2025 was £19,792.
At 1 March 2023 the balance owed by the director was £28,874. During the year, £36,174 was advanced and £42,880 was repaid. The balance owed by the director as at 29 February 2024 was £22,168.