Digital Yacht Ltd

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: 04838747

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		14,012		16,982

			14,012		16,982
CURRENT ASSETS
Stocks	5	336,400		296,297
Debtors	6	296,208		332,893
Cash at bank and in hand		221,638		262,920

		854,246		892,110
Creditors: Amounts Falling Due Within One Year	7	(143,847 )		(145,495 )

NET CURRENT ASSETS (LIABILITIES)			710,399		746,615

TOTAL ASSETS LESS CURRENT LIABILITIES			724,411		763,597

Creditors: Amounts Falling Due After More Than One Year	8		-		(10,769 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(3,364 )		(3,364 )

NET ASSETS			721,047		749,464

CAPITAL AND RESERVES
Called up share capital	9		100		100
Income Statement			720,947		749,364

SHAREHOLDERS' FUNDS			721,047		749,464

Page 1

Page 2

Digital Yacht Ltd

Statement of Financial Position (continued)

As At 31 July 2025

For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr N Heyes

Director

28/04/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Digital Yacht Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04838747 . The registered office is 6 Farleigh Court, Old Weston Road, Flax Bourt, Bristol, BS48 1UR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	25% Reducing balance
Plant & Machinery	25% Reducing balance
Motor Vehicles	25% Reducing balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

Page 3

Page 4

Digital Yacht Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 10 (2024: 9)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 August 2024	23,455	73,531	25,290	122,276
Additions	-	1,701	-	1,701

As at 31 July 2025	23,455	75,232	25,290	123,977

Depreciation
As at 1 August 2024	23,455	58,328	23,511	105,294
Provided during the period	-	4,226	445	4,671

As at 31 July 2025	23,455	62,554	23,956	109,965

Net Book Value
As at 31 July 2025	-	12,678	1,334	14,012

As at 1 August 2024	-	15,203	1,779	16,982

5. Stocks

	2025	2024
	£	£
Stock	336,400	296,297

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	261,281	295,714
Other debtors	34,927	37,179

	296,208	332,893

Page 4

Page 5

Digital Yacht Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	63,046	85,726
Bank loans and overdrafts	10,589	20,557
Other creditors	62,258	8,314
Taxation and social security	7,954	30,898

	143,847	145,495

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	10,769

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

Page 5