Digitalteddy Solutions Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC535577 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MAY 2020

FOR

DIGITALTEDDY SOLUTIONS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G W Nicol

Ms C H Nicol

REGISTERED OFFICE:

87 Park Street

Alva

Clackmannanshire

FK12 5LL

REGISTERED NUMBER:

SC535577 (Scotland)

ACCOUNTANTS:

JSA Services Limited

4th Floor

Radius House

51 Clarendon Road

Watford

Hertfordshire

WD17 1HP

FIXED ASSETS

Tangible assets

5

1,160

1,348

CURRENT ASSETS

Debtors

63

6,194

Cash at bank

49,963

38,475

50,026

44,669

CREDITORS

Amounts falling due within one year

50,967

24,458

NET CURRENT (LIABILITIES)/ASSETS

(941

)

20,211

TOTAL ASSETS LESS CURRENT LIABILITIES

219

21,559

CAPITAL AND RESERVES

Called up share capital

6

200

200

Retained earnings

7

19

21,359

SHAREHOLDERS' FUNDS

219

21,559

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2020 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 24 June 2021 and were signed on its behalf by:

Mr G W Nicol - Director

1.	STATUTORY INFORMATION

Digitalteddy Solutions Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Computer equipment

-

33% on cost

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2019

4,846

Additions

1,165

At 31 May 2020

6,011

DEPRECIATION

At 1 June 2019

3,498

Charge for year

1,353

At 31 May 2020

4,851

NET BOOK VALUE

At 31 May 2020

1,160

At 31 May 2019

1,348

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

100

Ordinary

£1

100

100

100

B Ordinary

£1

100

100

200

200

7.

RESERVES

£

Reserves

19

8.	PENSION COMMITMENTS

The company operates a defined pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £3,500 (2019 - £Nil ).

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2020 and 31 May 2019:

2020

2019

£

£

Mr G W Nicol

Balance outstanding at start of year

(787

)

(821

)

Amounts advanced

15,995

19,469

Amounts repaid

(16,706

)

(19,435

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,498

)

(787

)

Ms C H Nicol

Balance outstanding at start of year

-

-

Amounts advanced

8,930

16,522

Amounts repaid

(10,116

)

(16,522

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,186

)

-