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Registered number: 12721035
Digby & Litten Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2025
DRC 1 Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12721035
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 18,198 21,941
18,198 21,941
CURRENT ASSETS
Stocks 5 58,200 75,400
Debtors 6 296,261 280,000
Cash at bank and in hand 4,437 6,174
358,898 361,574
Creditors: Amounts Falling Due Within One Year 7 (17,793 ) (25,991 )
NET CURRENT ASSETS (LIABILITIES) 341,105 335,583
TOTAL ASSETS LESS CURRENT LIABILITIES 359,303 357,524
Creditors: Amounts Falling Due After More Than One Year 8 (60,000 ) (60,000 )
NET ASSETS 299,303 297,524
CAPITAL AND RESERVES
Called up share capital 9 320,000 320,000
Profit and Loss Account (20,697 ) (22,476 )
SHAREHOLDERS' FUNDS 299,303 297,524
Page 1
Page 2
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 Profit and Loss Account.
On behalf of the board
Mr Thomas Litten
Director
27/05/2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Digby & Litten Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12721035 . The registered office is Hilltop Cottage, Bishops Hull, Taunton, Somerset, TA1 5EQ.
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:
Plant & Machinery 15
Motor Vehicles 20
Fixtures & Fittings 15
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: )
1 -
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 August 2024 6,765 13,000 3,867 23,632
Additions - - 233 233
As at 31 July 2025 6,765 13,000 4,100 23,865
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 August 2024 1,691 - - 1,691
Provided during the period 761 2,600 615 3,976
As at 31 July 2025 2,452 2,600 615 5,667
Net Book Value
As at 31 July 2025 4,313 10,400 3,485 18,198
As at 1 August 2024 5,074 13,000 3,867 21,941
5. Stocks
2025 2024
£ £
Materials 58,200 75,400
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 4,261 -
Other debtors 292,000 280,000
296,261 280,000
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 12,666 18,681
Other creditors 1,764 964
Taxation and social security 3,363 6,346
17,793 25,991
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other loans 60,000 60,000
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 320,000 320,000
Page 4