Digital Biscuit Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 07582629 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

DIGITAL BISCUIT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D White

REGISTERED OFFICE:

7 St Johns Road

Harrow

Middlesex

HA1 2EY

REGISTERED NUMBER:

07582629 (England and Wales)

ACCOUNTANTS:

Macalvins Limited

Chartered Accountants

7 St John's Road

Harrow

Middlesex

HA1 2EY

FIXED ASSETS

Tangible assets

4

6,151

2,386

CURRENT ASSETS

Debtors

5

825

4,634

Cash at bank

10,053

27,056

10,878

31,690

CREDITORS

Amounts falling due within one year

6

41,080

61,342

NET CURRENT LIABILITIES

(30,202

)

(29,652

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(24,051

)

(27,266

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(24,052

)

(27,267

)

SHAREHOLDERS' FUNDS

(24,051

)

(27,266

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 and authorised for issue on 28 June 2023 and were signed by:

D White - Director

1.	STATUTORY INFORMATION

Digital Biscuit Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going concern

The financial statements has been prepared on the going concern basis as director will provide necessary

financial support for the foreseeable future.

Government grants

Government grant received during the year has been accounted according to the policy per FRS 102.

The performance model required that:

(a) A grant that does not impose specified future performance-related conditions on the recipient is recognised in income when the grant proceeds are received or receivable.

(b) A grant that imposed specified future performance-related conditions on the recipient is recognized in income only when the performance-related conditions are met.

The accrual method required that:

(a) An entity classifies a grant either as a grant relating to revenue or a grant relating to assets.

(b) Grants relating to revenue are recognised in income on a systematic basis over the period in which the entity recognises the related costs for which the grant is intended to compensate (Note: A grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related cost shall be recognised in income in the period in which it becomes receivable.)

(c) Grant relating to assets are recognised in income on a systematic basis over the expected useful life of the assets.

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 % reducing balance

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 NIL (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

Computer

& equipment

equipment

Totals

£

£

£

COST

At 1 April 2022

-

15,697

15,697

Additions

1,039

6,683

7,722

Disposals

-

(3,328

)

(3,328

)

At 31 March 2023

1,039

19,052

20,091

DEPRECIATION

At 1 April 2022

-

13,311

13,311

Charge for year

260

2,573

2,833

Eliminated on disposal

-

(2,204

)

(2,204

)

At 31 March 2023

260

13,680

13,940

NET BOOK VALUE

At 31 March 2023

779

5,372

6,151

At 31 March 2022

-

2,386

2,386

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

825

-

Other debtors

-

4,634

825

4,634

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Other creditors

41,080

61,342

7.	RELATED PARTY DISCLOSURES

At the year end there was an amount due to the director in the sum of £39,209 (2022:£59,496).