DigiKind Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 13143729 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2023

for

DigiKind Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs K K Bonomini

SECRETARY:

REGISTERED OFFICE:

Old Printers Yard

156 South Street

Dorking

Surrey

RH4 2HF

BUSINESS ADDRESS:

1 Leighton House

Oakhill Road

Surbiton

Surrey

KT6 6EJ

REGISTERED NUMBER:

13143729 (England and Wales)

ACCOUNTANTS:

Bullimores LLP

Chartered Accountants

Old Printers Yard

156 South Street

Dorking

Surrey

RH4 2HF

FIXED ASSETS

Intangible assets

4

256

288

Tangible assets

5

218

436

474

724

CURRENT ASSETS

Debtors

6

-

17,294

Prepayments and accrued income

238

1,307

Cash at bank

66,830

204,257

67,068

222,858

CREDITORS

Amounts falling due within one year

7

4,353

92,375

NET CURRENT ASSETS

62,715

130,483

TOTAL ASSETS LESS CURRENT LIABILITIES

63,189

131,207

CAPITAL AND RESERVES

Called up share capital

30

30

Retained earnings

63,159

131,177

63,189

131,207

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 25 October 2023 and were signed by:

Mrs K K Bonomini - Director

1.	STATUTORY INFORMATION

DigiKind 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.

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Trademark - 10% on cost

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

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 1 (2022 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 February 2022

and 31 January 2023

320

AMORTISATION

At 1 February 2022

32

Charge for year

32

At 31 January 2023

64

NET BOOK VALUE

At 31 January 2023

256

At 31 January 2022

288

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 February 2022

and 31 January 2023

654

DEPRECIATION

At 1 February 2022

218

Charge for year

218

At 31 January 2023

436

NET BOOK VALUE

At 31 January 2023

218

At 31 January 2022

436

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.23

31.1.22

£

£

Trade debtors

-

17,040

Directors' current accounts

-

15

VAT

-

239

-

17,294

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.23

31.1.22

£

£

Tax

598

33,032

VAT

1,466

-

Directors' current accounts

690

756

Accruals and deferred income

1,599

58,587

4,353

92,375