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Registration number: 12873373

Data Imps International Limited

Annual Report and Unaudited Financial Statements

for the Period from 11 September 2020 to 30 September 2021

 

Data Imps International Limited

Contents

Company Information

1

Balance Sheet

2

Statement of Changes in Equity

3

Notes to the Unaudited Financial Statements

4 to 7

 

Data Imps International Limited

Company Information

Directors

Mr Paul Jellicoe

Mrs Cathryn Jellicoe

Registered office

256 Locksway Road
Portsmouth
Hampshire
PO4 8LF

Accountants

Square Accounting
5 Albert Road
Southsea
Hampshire
PO5 2SE

 

Data Imps International Limited

(Registration number: 12873373)
Balance Sheet as at 30 September 2021

Note

2021
£

Fixed assets

 

Tangible assets

4

1,229

Current assets

 

Debtors

5

31,897

Cash at bank and in hand

 

7,029

 

38,926

Creditors: Amounts falling due within one year

6

(15,200)

Net current assets

 

23,726

Net assets

 

24,955

Capital and reserves

 

Called up share capital

7

100

Profit and loss account

24,855

Total equity

 

24,955

For the financial period ending 30 September 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 2 September 2022 and signed on its behalf by:
 

.........................................

Mrs Cathryn Jellicoe
Director

 

Data Imps International Limited

Statement of Changes in Equity for the Period from 11 September 2020 to 30 September 2021

Share capital
£

Profit and loss account
£

Total
£

Profit for the period

-

24,855

24,855

Total comprehensive income

-

24,855

24,855

New share capital subscribed

100

-

100

At 30 September 2021

100

24,855

24,955

 

Data Imps International Limited

Notes to the Unaudited Financial Statements for the Period from 11 September 2020 to 30 September 2021

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
256 Locksway Road
Portsmouth
Hampshire
PO4 8LF

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

 

Data Imps International Limited

Notes to the Unaudited Financial Statements for the Period from 11 September 2020 to 30 September 2021

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Significant judgements

There are no judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies that have any significant effect on the amounts recognised in the financial statements.

Key sources of estimation uncertainty

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There are no key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next financial year..

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer Equipment

33% straight line

 

Data Imps International Limited

Notes to the Unaudited Financial Statements for the Period from 11 September 2020 to 30 September 2021

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

 

Data Imps International Limited

Notes to the Unaudited Financial Statements for the Period from 11 September 2020 to 30 September 2021

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

1,565

1,565

At 30 September 2021

1,565

1,565

Depreciation

Charge for the period

336

336

At 30 September 2021

336

336

Carrying amount

At 30 September 2021

1,229

1,229

5

Debtors

2021
£

Other debtors

31,897

31,897

6

Creditors

Creditors: amounts falling due within one year

2021
£

Due within one year

Taxation and social security

14,066

Accruals and deferred income

1,134

15,200

7

Share capital

Allotted, called up and fully paid shares

 

2021

 

No.

£

Ordinary of £1 each

100

100