DigiBee Ltd Filleted accounts for Companies House (small and micro)
DigiBee Ltd Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
05458621
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Statement of Financial Position |
2021 |
2020 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Investments |
6 |
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Current assets
Debtors |
7 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
8 |
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Net current assets |
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Total assets less current liabilities |
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Net assets |
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Capital and reserves
Called up share capital |
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Share premium account |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
28 September 2022
, and are signed on behalf of the board by:
Company registration number:
05458621
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Notes to the Financial Statements |
Year ended 31 December 2021
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 7 The Close, Norwich, NR1 4DJ, United Kingdom.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Foreign currencies
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer equipment |
- |
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Furniture and fixtures |
- |
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Office Equipment |
- |
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Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in joint ventures
Impairment of fixed assets
Finance leases and hire purchase contracts
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
17
(2020:
18
).
5.
Tangible assets
Land and buildings |
Plant and machinery |
Fixtures and fittings |
Equipment |
Total |
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£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 January 2021 |
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Additions |
– |
– |
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------- |
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At 31 December 2021 |
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------- |
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Depreciation |
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At 1 January 2021 |
– |
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Charge for the year |
– |
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------- |
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At 31 December 2021 |
– |
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Carrying amount |
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At 31 December 2021 |
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At 31 December 2020 |
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6.
Investments
Other investments other than loans |
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£ |
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Cost |
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At 1 January 2021 |
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Additions |
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Other movements |
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At 31 December 2021 |
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Impairment |
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At 1 January 2021 and 31 December 2021 |
– |
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Carrying amount |
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At 31 December 2021 |
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At 31 December 2020 |
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7.
Debtors
2021 |
2020 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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8.
Creditors:
amounts falling due within one year
2021 |
2020 |
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£ |
£ |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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9.
Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2021 |
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Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
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£ |
£ |
£ |
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2020 |
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Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
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£ |
£ |
£ |
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10.
Related party transactions
The Company was under the control of Mr
IG Hatfield
throughout the current and previous year. Mr IG Hatfield
is the managing director and shareholder. During the year DigiBee Ltd
charged InsuranceBee Incorporated in which IG Hatfield is also the director, £190,000 (2020 - £162,400) in respect of IT and marketing services provided. As at 31 December the balance due from InsuranceBee Incorporated was £319,060 (2020 - £307,477) included within trade debtors. During the year DigiBee Limited charged PolicyBee Ltd, a company in which IG Hatfield, D Pitt and M Pitcher are members, £838,500 (2020 - £796,000) in respect of IT and marketing services provided. As at 31 December the balance due from policyBee Ltd was £105,814 (2020 - -£3,076) included within trade debtors.