Company Registration No. 10692116 (England and Wales)
Digitality Solutions Limited
Unaudited accounts
for the year ended 30 June 2023
Digitality Solutions Limited
Unaudited accounts
Contents
Digitality Solutions Limited
Company Information
for the year ended 30 June 2023
Director
Paul Daniel Rowlands
Company Number
10692116 (England and Wales)
Registered Office
51 Wilmslow Road
Cheadle
Cheshire
SK8 1HG
England
Accountants
SJM Accounting Services
51 Wilmslow Road
Cheadle
Stockport
Cheshire
SK8 1HG
Digitality Solutions Limited
Statement of financial position
as at 30 June 2023
Tangible assets
1,112
2,152
Cash at bank and in hand
118,004
113,424
Creditors: amounts falling due within one year
(19,039)
(23,000)
Net current assets
113,414
114,848
Total assets less current liabilities
114,526
117,000
Provisions for liabilities
Net assets
114,315
116,591
Called up share capital
10
10
Profit and loss account
114,305
116,581
Shareholders' funds
114,315
116,591
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 August 2023 and were signed on its behalf by
Paul Daniel Rowlands
Director
Company Registration No. 10692116
Digitality Solutions Limited
Notes to the Accounts
for the year ended 30 June 2023
Digitality Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 10692116. The registered office is 51 Wilmslow Road, Cheadle, Cheshire, SK8 1HG, England. The principal place of business is 19 Lower Fold, Marple Bridge, Cheshire, SK6 5DX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling which is the functional currency of the company.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Computer equipment
33% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Digitality Solutions Limited
Notes to the Accounts
for the year ended 30 June 2023
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2022
1,437
6,103
7,540
At 30 June 2023
1,437
6,103
7,540
At 1 July 2022
1,034
4,354
5,388
Charge for the year
101
939
1,040
At 30 June 2023
1,135
5,293
6,428
At 30 June 2023
302
810
1,112
At 30 June 2022
403
1,749
2,152
Amounts falling due within one year
Accrued income and prepayments
14,449
24,424
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
10,292
17,537
Loans from directors
2,274
1,458
7
Deferred taxation
2023
2022
Accelerated capital allowances
211
409
Provision at start of year
409
162
(Credited)/charged to the profit and loss account
(198)
247
Provision at end of year
211
409
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
Digitality Solutions Limited
Notes to the Accounts
for the year ended 30 June 2023
9
Transactions with related parties
Paul Daniel Rowlands
Director and shareholder
Dividends paid in the year £41,174 (2022: £41,000)
Loan account due from the company £2,274 (2022: due from the company £1,458)
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).
