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Registered number: 10199665
Digitalphobia Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2025
Modus Accountants Ltd
Unit 1c Church Green
Witney
OX28 4YR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10199665
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 86,115 95,408
86,115 95,408
CURRENT ASSETS
Debtors 5 192,905 192,676
Cash at bank and in hand 68,477 147,317
261,382 339,993
Creditors: Amounts Falling Due Within One Year 6 (148,264 ) (161,717 )
NET CURRENT ASSETS (LIABILITIES) 113,118 178,276
TOTAL ASSETS LESS CURRENT LIABILITIES 199,233 273,684
Creditors: Amounts Falling Due After More Than One Year 7 (49,701 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (11,026 ) (12,955 )
NET ASSETS 138,506 260,729
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 138,406 260,629
SHAREHOLDERS' FUNDS 138,506 260,729
Page 1
Page 2
For the year ending 31 May 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
J Bown
Director
2 July 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Digitalphobia Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10199665 . The registered office is Unit 1c, Eagle Industrial Estate, Church Green, Witney, Oxfordshire, OX28 4YR.
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 20% straight line
Fixtures & Fittings 33% straight line
Computer Equipment 33% straight line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.
2.5. 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.
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.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
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: 12 (2024: 11)
12 11
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2024 57,132 11,072 90,842 159,046
Additions 13,320 139 11,099 24,558
As at 31 May 2025 70,452 11,211 101,941 183,604
Depreciation
As at 1 June 2024 3,044 6,892 53,702 63,638
Provided during the period 14,091 1,741 18,019 33,851
As at 31 May 2025 17,135 8,633 71,721 97,489
Net Book Value
As at 31 May 2025 53,317 2,578 30,220 86,115
As at 1 June 2024 54,088 4,180 37,140 95,408
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 110,853 116,602
Other debtors 82,052 76,074
192,905 192,676
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 85,705 77,715
Bank loans and overdrafts 1,276 -
Other creditors 26,349 63,352
Taxation and social security 34,934 20,650
148,264 161,717
Page 4
Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 49,701 -
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 June 2024 Amounts advanced Amounts repaid Amounts written off As at 31 May 2025
£ £ £ £ £
Mr Jeremy Bown 44,790 48,750 (38,312 ) - 55,228
The above loan is unsecured, repayable on demand and interest bearing at the official HMRC rate. Significant repayments were made on 28 February 2025 and 31 March 2025 for £38,000 and £12,000 respectively.
10. Other commitments
At 31 May 2025 the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £49,950 (2024: £83,250).
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