DISKEL LIMITED

Company Registration Number:
01342805 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2022

Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

DISKEL LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Company Information - 3
Balance sheet - 4
Additional notes - 6

DISKEL LIMITED

Company Information

for the Period Ended 31 December 2022




Registered office: The Old Mill House
Mill Road
West Drayton
Middlesex
England
UB7 7EJ
Company Registration Number: 01342805 (England and Wales)

DISKEL LIMITED

Balance sheet

As at 31 December 2022


Notes

2022
£

2021
£
Fixed assets
Total fixed assets: - -
Current assets
Debtors: 327,504 267,848
Cash at bank and in hand: 1,116,203 1,103,138
Total current assets: 1,443,707 1,370,986
Creditors: amounts falling due within one year: ( 794,668 ) ( 729,089 )
Net current assets (liabilities): 649,039 641,897
Total assets less current liabilities: 649,039 641,897
Total net assets (liabilities): 649,039 641,897

The notes form part of these financial statements

DISKEL LIMITED

Balance sheet continued

As at 31 December 2022


Notes

2022
£

2021
£
Capital and reserves
Called up share capital: 40,000 40,000
Profit and loss account: 609,039 601,897
Shareholders funds: 649,039 641,897

For the year ending 31 December 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 30 September 2023
And Signed On Behalf Of The Board By:

Name: Ashok Chani
Status: Director

The notes form part of these financial statements

DISKEL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect ofservices provided to customers. Revenue is recognised on presentation of invoices to the customer for goods and services.

    Other accounting policies

    1. Stocks - Stock is valued at the lower of cost and net realisable value. 2. Deferred Taxation - Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods whenthe timing differences will reverse. 3. Maintenance Income Recognition - Income in respect of hardware and software maintenancecontracts is taken to the profit and loss account in the period to which it relates.

DISKEL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 2. Employees


    2022

    2021
    Average number of employees during the period 12 10

DISKEL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 3. Off balance sheet disclosure

    No

DISKEL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

4.1.Related party disclosures

Name of related party: Diskel Consulting UK Limited
Description of relationship:
Parent Company
Description of the transaction:
Dividends Paid

Name of related party: Ashok Chani
Description of relationship:
Director
Description of the transaction:
Rent Paid

The ultimate parent company is Diskel Consulting (UK) Limited, which is registered in England and Wales and who owns 100% of the issued shared capital of the company. Diskel Consulting (UK) Limited is under the ultimate control of the director Mr A. Chani. During the year a dividend of £170,000 (Year 2021 - £170,000 ) was paid to Diskel Consulting (UK) Limited.
The director Ashok Chani owns the premises which the company occupies. During the year, rent at the rate of £40,200 per annum was paid. This transaction was carried out under normal commercial terms.