David Sharp Digitising Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11632810 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2020

for

David Sharp Digitising Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

CURRENT ASSETS

Debtors

4

28,639

11,869

Cash at bank and in hand

112,247

23,603

140,886

35,472

CREDITORS

Amounts falling due within one year

5

98,129

26,458

NET CURRENT ASSETS

42,757

9,014

TOTAL ASSETS LESS CURRENT LIABILITIES

42,757

9,014

CREDITORS

Amounts falling due after more than one year

6

5,000

-

NET ASSETS

37,757

9,014

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

37,657

8,914

SHAREHOLDERS' FUNDS

37,757

9,014

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

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

The director acknowledges her 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 and authorised for issue on 16 July 2021 and were signed by:

Mrs S E Byram - Director

1.	STATUTORY INFORMATION

David Sharp Digitising Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

11632810

Registered office:

Unit 7

North Meadows

Weevil Lane

Gosport

PO12 1BP

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

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.20

31.10.19

£

£

Trade debtors

28,139

11,369

Other debtors

500

500

28,639

11,869

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.20

31.10.19

£

£

Taxation and social security

18,884

7,376

Other creditors

79,245

19,082

98,129

26,458

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.20

31.10.19

£

£

Bank loans

5,000

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

5,000

-

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.20

31.10.19

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Retained

earnings

£

At 1 November 2019

8,914

Profit for the year

28,743

At 31 October 2020

37,657

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs S E Byram.