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REGISTERED NUMBER: 05047646 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2022

for

Data Driven Logistics Limited

Data Driven Logistics Limited (Registered number: 05047646)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Balance Sheet 1

Notes to the Financial Statements 3


Data Driven Logistics Limited (Registered number: 05047646)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 394,253 323,156
394,253 323,156

CURRENT ASSETS
Stocks 8,560 8,560
Debtors 6 552,850 222,427
Cash at bank and in hand 91,214 64,057
652,624 295,044
CREDITORS
Amounts falling due within one year 7 340,814 386,646
NET CURRENT ASSETS/(LIABILITIES) 311,810 (91,602 )
TOTAL ASSETS LESS CURRENT LIABILITIES 706,063 231,554

CREDITORS
Amounts falling due after more than one
year

8

(224,122

)

(195,296

)

PROVISIONS FOR LIABILITIES (17,574 ) (4,044 )
NET ASSETS 464,367 32,214

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 464,266 32,113
SHAREHOLDERS' FUNDS 464,367 32,214

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

Data Driven Logistics Limited (Registered number: 05047646)

Balance Sheet - continued
31 March 2022


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 August 2022 and were signed on its behalf by:





G Aston - Director


Data Driven Logistics Limited (Registered number: 05047646)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Data Driven Logistics 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: 05047646

Registered office: Thornton House
Cemetery Road
Shelton
Stoke-on-Trent
Staffordshire
ST4 2DL

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.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being the 12 month period from the date of these accounts being approved, given the impact of the Coronavirus upon the economy and therefore the financial statements have been prepared on a going concern basis.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - NIL % per annum
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Data Driven Logistics Limited (Registered number: 05047646)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2021 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Research
& Development
£   
COST
At 1 April 2021
and 31 March 2022 60,158
AMORTISATION
At 1 April 2021
and 31 March 2022 60,158
NET BOOK VALUE
At 31 March 2022 -
At 31 March 2021 -

Data Driven Logistics Limited (Registered number: 05047646)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2021 300,000 10,593 104,580 415,173
Additions - 337 110,268 110,605
At 31 March 2022 300,000 10,930 214,848 525,778
DEPRECIATION
At 1 April 2021 - 6,801 85,216 92,017
Charge for year - 619 38,889 39,508
At 31 March 2022 - 7,420 124,105 131,525
NET BOOK VALUE
At 31 March 2022 300,000 3,510 90,743 394,253
At 31 March 2021 300,000 3,792 19,364 323,156

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Computer
equipment
£   
COST
Additions 89,750
At 31 March 2022 89,750
DEPRECIATION
Charge for year 26,925
At 31 March 2022 26,925
NET BOOK VALUE
At 31 March 2022 62,825

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 303,723 188,638
Other debtors 249,127 33,789
552,850 222,427

Data Driven Logistics Limited (Registered number: 05047646)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans and overdrafts 28,825 32,769
Hire purchase contracts 22,388 -
Trade creditors 35,862 55,938
Taxation and social security 124,155 157,440
Other creditors 129,584 140,499
340,814 386,646

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans 173,550 195,296
Hire purchase contracts 50,572 -
224,122 195,296

Amounts falling due in more than five years:

Repayable by instalments
Bank Loans 64,918 50,889

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.22 31.3.21
£    £   
Bank loans 202,375 228,065
Hire purchase contracts 72,960 -
275,335 228,065

A charge was created on the 10 June 2016 by Barclays Bank PLC over the freehold property at Thornton House, Cemetery Road, Stoke-on-Trent.

A further fixed and floating charge was created on 1 March 2021 over Kevin Philip Griffiths.

Hire Purchase contracts are secured on the assets to which they relate.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Data Driven Holdings Limited.