DIGICOM EAST LONDON LIMITED - Accounts

DIGICOM EAST LONDON LIMITED - Company Information

2019-08-01 2020-07-31 false Capium Accounts Production 1.1 06958226 bus:AbridgedAccounts 2019-08-01 2020-07-31 06958226 bus:FRS102 2019-08-01 2020-07-31 06958226 bus:AuditExemptWithAccountantsReport 2019-08-01 2020-07-31 06958226 bus:SmallCompaniesRegimeForAccounts 2019-08-01 2020-07-31 06958226 bus:PrivateLimitedCompanyLtd 2019-08-01 2020-07-31 06958226 2019-08-01 2020-07-31 06958226 2020-07-31 06958226 bus:RegisteredOffice 2019-08-01 2020-07-31 06958226 core:WithinOneYear 2020-07-31 06958226 core:AfterOneYear 2020-07-31 06958226 bus:Director1 2019-08-01 2020-07-31 06958226 bus:Director1 2020-07-31 06958226 bus:Director1 2018-08-01 2019-07-31 06958226 2018-08-01 06958226 bus:CompanySecretary1 2019-08-01 2020-07-31 06958226 bus:LeadAgentIfApplicable 2019-08-01 2020-07-31 06958226 2018-08-01 2019-07-31 06958226 2019-07-31 06958226 core:WithinOneYear 2019-07-31 06958226 core:AfterOneYear 2019-07-31 06958226 bus:EntityAccountantsOrAuditors 2018-08-01 2019-07-31 06958226 core:FurnitureFittings 2019-08-01 2020-07-31 06958226 core:FurnitureFittings 2020-07-31 06958226 core:FurnitureFittings 2019-07-31 06958226 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2020-07-31 06958226 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2019-07-31 06958226 core:CostValuation core:Non-currentFinancialInstruments 2020-07-31 06958226 core:CostValuation core:Non-currentFinancialInstruments 2019-07-31 06958226 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2020-07-31 06958226 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2020-07-31 06958226 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2020-07-31 06958226 core:Non-currentFinancialInstruments 2020-07-31 06958226 core:Non-currentFinancialInstruments 2019-07-31 06958226 core:ShareCapital 2020-07-31 06958226 core:ShareCapital 2019-07-31 06958226 core:RetainedEarningsAccumulatedLosses 2020-07-31 06958226 core:RetainedEarningsAccumulatedLosses 2019-07-31 06958226 dpl:Item1 2019-08-01 06958226 dpl:Item1 2020-07-31 06958226 dpl:Item1 2018-08-01 06958226 dpl:Item1 2019-07-31 iso4217:GBP xbrli:shares xbrli:pure

Registered Number: 06958226

DIGICOM EAST LONDON LIMITED

Abridged Accounts

Period of accounts

Start date: 01 August 2019

End date: 31 July 2020

DIGICOM EAST LONDON LIMITED
Contents Page
For the year ended 31 July 2020

Statement of financial position	1
Notes to the financial statements	2

DIGICOM EAST LONDON LIMITED
Statement of Financial Position
As at 31 July 2020

	Notes	2020 £	2019 £
Fixed assets
Tangible fixed assets	2	1,716	2,019
		1,716	2,019
Current assets
Stocks		25,950	25,750
Debtors: amounts falling due within one year		200,000	(2,733)
Cash at bank and in hand		4,288	6,624
		230,238	29,641
Creditors: amount falling due within one year		(10,921)	(7,583)
Net current assets		219,317	22,058

Total assets less current liabilities		221,033	24,077
Creditors: amount falling due after more than one year		(177,808)	0
Net assets		43,225	24,077

Capital and reserves
Called up share capital		1	1
Profit and loss account		43,224	24,076
Shareholders funds		43,225	24,077

For the accounting year the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.

These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 28 April 2021 and were signed by:

--------------------------------
Mustofa Ahmed
Director

DIGICOM EAST LONDON LIMITED
Notes to the Abridged Financial Statements
For the year ended 31 July 2020

General Information

DIGICOM EAST LONDON LIMITED is a private company, limited by shares, registered in England, registration number 06958226, registration address 24 OSBORN STREET, LONDON, E1 6TD.

Accounting policies

Significant accounting policies

Statement of compliance
These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Cost of sales

Cost of sales comprises the value of goods and services purchased by the company, net of Value Added Tax and trade discounts as applicable.

Government grants

Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.

Taxation

The tax charged on the profit on ordinary activities using applicable standard taxation provisions in use.

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:

Fixtures and Fittings

15% Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Total
	£	£
At 01 August 2019	5,211	5,211
Additions	-	-
Disposals	-	-
At 31 July 2020	5,211	5,211
Depreciation
At 01 August 2019	3,192	3,192
Charge for year	303	303
On disposals	-	-
At 31 July 2020	3,495	3,495
Net book values
Closing balance as at 31 July 2020	1,716	1,716
Opening balance as at 01 August 2019	2,019	2,019

Staff Costs

	2020	2019

Average number of employees during the year	Number	Number
Administration	1	1
Sales	3	2
	4	3

4.	Average number of employees Average number of employees during the year was 4 (2019 : 3).