REGISTERED NUMBER: 07663161 (England and Wales)

Digitech Business Equipment Ltd

Financial Statements for the Period 28th October 2024 to 30th April 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

K Sturdy

R M Cavill

SECRETARY:

M J Clayphan

REGISTERED OFFICE:

The View,

Bridgehead Business Park

Hessle

HU13 0GD

REGISTERED NUMBER:

07663161 (England and Wales)

AUDITORS:

Smailes Goldie

Chartered Accountants

Statutory Auditor

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

-

1,974

-

1,974

CURRENT ASSETS

Stocks

-

18,323

Debtors

6

1,215,218

594,813

Cash at bank

-

28,243

1,215,218

641,379

CREDITORS

Amounts falling due within one year

7

-

182,917

NET CURRENT ASSETS

1,215,218

458,462

TOTAL ASSETS LESS CURRENT LIABILITIES

1,215,218

460,436

CREDITORS

Amounts falling due after more than one year

8

-

(45,635

)

PROVISIONS FOR LIABILITIES

-

(494

)

NET ASSETS

1,215,218

414,307

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,215,118

414,207

1,215,218

414,307

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th October 2025 and were signed on its behalf by:

K Sturdy - Director

1.	STATUTORY INFORMATION

Digitech Business Equipment Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Going concern

In April 2025 the company hived its trade, assets and liabilities to another group company and ceased to trade. It does not intend to resume trade again. The financial statements have prepared on a going concern basis as no adjustment would result from the use of the break up basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 28th October 2024

284,000

Transfer to group company

(284,000

)

At 30th April 2025

-

AMORTISATION

At 28th October 2024

284,000

Transfer to group company

(284,000

)

At 30th April 2025

-

NET BOOK VALUE

At 30th April 2025

-

At 27th October 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 28th October 2024

34,423

Disposals

(9,445

)

Transfer to group company

(24,978

)

At 30th April 2025

-

DEPRECIATION

At 28th October 2024

32,449

Charge for period

105

Eliminated on disposal

(9,247

)

Transfer to group company

(23,307

)

At 30th April 2025

-

NET BOOK VALUE

At 30th April 2025

-

At 27th October 2024

1,974

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

70,731

Amounts owed by group undertakings

1,215,218

-

Other debtors

-

524,082

1,215,218

594,813

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

-

13,570

Amounts owed to group undertakings

-

1

Taxation and social security

-

142,333

Other creditors

-

27,013

-

182,917

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

-

45,635

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

I R Lamb FCA (Senior Statutory Auditor)

for and on behalf of Smailes Goldie

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other debtors is £nil (2024 £61,512) due by the directors. Interest is charged on overdrawn loan accounts at HMRC beneficial loan interest rates. The loan is repayable on demand.nil

11.	ULTIMATE CONTROLLING PARTY

The parent company of the group of undertakings for which group financial statements are drawn up and of which the company is a member is Spectrum Workplace Technology Group Limited, registered in England and Wales. Spectrum Workplace Technology Limited is also the company's ultimate parent undertaking and its registered office is The View, Bridgehead Business Park, Hessle, East Yorkshire, HU13 0GD. Copies of Spectrum Workplace Technology Group Limited's financial statements can be obtained from Companies House.