General Information
Example Digital Ltd is a private company, limited by shares, registered in England and Wales, registration number 11138735, registration address 4 Shirley Road, Maidenhead, England, SL6 4PH.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Turnover
Turnover represents net sales of services, excluding value added tax, as adjusted for work in progress. Turnover in respect of service contracts is recognised when the company obtains the right to receive consideration for the services rendered to its customer.
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.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The companys liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current or deferred tax assets and liabilities are not discounted.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Plant and Machinery |
33% Reducing Balance
|
| Motor Vehicles |
33% Reducing Balance
|
| Computer Equipment |
33% Reducing Balance
|
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the year was 1 (2025 : 1).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Motor Vehicles |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
| At 01 February 2025 |
4,246 |
|
41,995 |
|
2,288 |
|
48,529 |
| Additions |
- |
|
- |
|
- |
|
- |
| Disposals |
- |
|
- |
|
- |
|
- |
| At 31 January 2026 |
4,246 |
|
41,995 |
|
2,288 |
|
48,529 |
| Depreciation |
| At 01 February 2025 |
2,289 |
|
19,531 |
|
1,667 |
|
23,487 |
| Charge for year |
646 |
|
7,413 |
|
205 |
|
8,264 |
| On disposals |
- |
|
- |
|
- |
|
- |
| At 31 January 2026 |
2,935 |
|
26,944 |
|
1,872 |
|
31,751 |
| Net book values |
| Closing balance as at 31 January 2026 |
1,311 |
|
15,051 |
|
416 |
|
16,778 |
| Opening balance as at 01 February 2025 |
1,957 |
|
22,464 |
|
621 |
|
25,042 |
|
| 4. |
Debtors: amounts falling due within one year
|
2026
£ |
|
2025
£ |
| Trade Debtors |
8,061 |
|
700 |
| Other Debtors |
- |
|
81 |
| Tax Recoverable |
4,025 |
|
132 |
| Directors' Current Accounts |
11,536 |
|
18,880 |
|
23,622 |
|
19,793 |
|
| 5. |
Creditors: amount falling due within one year
|
2026
£ |
|
2025
£ |
| Trade Creditors |
- |
|
157 |
| Bank Loans |
7,698 |
|
14,898 |
| Social Security and Other Taxes |
22,905 |
|
10,560 |
| Accrued Expenses |
144 |
|
998 |
| HP - gross - less than 1 yr |
6,420 |
|
5,798 |
| Pensions Payable |
249 |
|
- |
|
37,416 |
|
32,411 |
|
| 6. |
Creditors: amount falling due after more than one year
|
2026
£ |
|
2025
£ |
| Bank Loans - 1-2 years |
7,187 |
|
5,316 |
| HP - gross - 1 - 2 years |
2,858 |
|
6,420 |
| HP - gross - 2 - 5 years |
- |
|
2,858 |
|
10,045 |
|
14,594 |
|
| 7. |
Provisions for liabilities
|
2026
£ |
|
2025
£ |
| Deferred Tax |
(1,228) |
|
(628) |
|
(1,228) |
|
(628) |
|
| 8. |
Advances and Credits
Gareth Cartman The following advances and credits to a director subsisted during the years ended 31 January 2026 and 31 January 2025: | Brought Forward
£ | Amount
£ | Interest
£ | Repaid
£ | Written Off
£ | Waived
£ | Carry Forward
£ |
|---|
| Gareth Cartman | 18,880 | | 13,341 | | - | | 20,686 | | - | | - | | 11,535 | | 18,880 | | 13,341 | | - | | 20,686 | | - | | - | | 11,535 |
| Brought Forward
£ | Amount
£ | Interest
£ | Repaid
£ | Written Off
£ | Waived
£ | Carry Forward
£ |
|---|
| Gareth Cartman | 483 | | 20,153 | | - | | 1,756 | | - | | - | | 18,880 | | 483 | | 20,153 | | - | | 1,756 | | - | | - | | 18,880 |
|
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