93digital Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08529008 (England and Wales)

93DIGITAL LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2021

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A Price

REGISTERED OFFICE:

Forum House, 1st Floor

15-18 Lime Street

London

EC3M 7AN

REGISTERED NUMBER:

08529008 (England and Wales)

ACCOUNTANTS:

Sinclairs Bartrum Lerner

Chartered Accountants

Forum House

First Floor

15-18 Lime Street

London

EC3M 7AN

FIXED ASSETS

Tangible assets

4

10,437

11,203

CURRENT ASSETS

Debtors

5

230,212

157,576

Cash at bank

727,116

381,056

957,328

538,632

CREDITORS

Amounts falling due within one year

6

290,327

104,644

NET CURRENT ASSETS

667,001

433,988

TOTAL ASSETS LESS CURRENT LIABILITIES

677,438

445,191

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

677,338

445,091

SHAREHOLDERS' FUNDS

677,438

445,191

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 21st April 2021 and were signed by:

Mr A Price - Director

1.	STATUTORY INFORMATION

93digital Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	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 comprises revenue recognised by the company in respect of services supplied during the year, exclusive of value added tax and trade discounts.

Revenue is recognised as contract activity progresses to reflect the company's partial performance of its contractual obligations. The amount of revenue reflects the accrual of the right to consideration as contract activity progresses by reference to the value of the work performed.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

over the duration of the lease

Plant and machinery etc

-

25% straight line on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Basic financial instruments

Trade and other debtors / creditors

Trade and other debtors are recognised initially at transaction prices less attributable transaction costs. Subsequent to initial recognition, they are measured at transaction prices less any impairment losses. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs.

Cash and cash equivalents

Cash and cash equivalents comprise of cash balances and deposits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2020 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st April 2020

5,950

20,682

26,632

Additions

-

5,135

5,135

At 31st March 2021

5,950

25,817

31,767

DEPRECIATION

At 1st April 2020

1,488

13,941

15,429

Charge for year

1,487

4,414

5,901

At 31st March 2021

2,975

18,355

21,330

NET BOOK VALUE

At 31st March 2021

2,975

7,462

10,437

At 31st March 2020

4,462

6,741

11,203

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

159,772

62,944

Other debtors

70,440

94,632

230,212

157,576

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

50,000

-

Trade creditors

16,040

11,408

Taxation and social security

131,232

64,733

Other creditors

93,055

28,503

290,327

104,644

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

100

Ordinary

£1

100

100