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REGISTERED NUMBER: 02179329 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

DATA SYSTEMS (COMPUTERS) LIMITED

DATA SYSTEMS (COMPUTERS) LIMITED (REGISTERED NUMBER: 02179329)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DATA SYSTEMS (COMPUTERS) LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTORS: G Waters
A Waters
L Waters





REGISTERED OFFICE: 21 Wellington Business Park
Dukes Ride
Crowthorne
Berkshire
RG45 6LS





REGISTERED NUMBER: 02179329 (England and Wales)





ACCOUNTANTS: Durrants, Chartered Accountants
24 Wellington Business Park
Dukes Ride
Crowthorne
Berkshire
RG45 6LS

DATA SYSTEMS (COMPUTERS) LIMITED (REGISTERED NUMBER: 02179329)

BALANCE SHEET
31 March 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 84,955 -
Tangible assets 5 170,400 34,915
255,355 34,915

CURRENT ASSETS
Stocks 403,747 396,565
Debtors 6 1,657,573 1,591,725
Cash at bank 1,036,858 1,107,114
3,098,178 3,095,404
CREDITORS
Amounts falling due within one year 7 862,748 1,000,336
NET CURRENT ASSETS 2,235,430 2,095,068
TOTAL ASSETS LESS CURRENT LIABILITIES 2,490,785 2,129,983

PROVISIONS FOR LIABILITIES 46,089 3,770
NET ASSETS 2,444,696 2,126,213

CAPITAL AND RESERVES
Called up share capital 8 20,000 20,000
Retained earnings 2,424,696 2,106,213
SHAREHOLDERS' FUNDS 2,444,696 2,126,213

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 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.

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 Board of Directors and authorised for issue on 5 September 2023 and were signed on its behalf by:




A Waters - Director


DATA SYSTEMS (COMPUTERS) LIMITED (REGISTERED NUMBER: 02179329)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Data Systems (Computers) 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 represents net invoiced sales of goods and services, excluding value added tax.

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.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on cost and 20% on cost

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 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.

Hire purchase and leasing commitments
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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

DATA SYSTEMS (COMPUTERS) LIMITED (REGISTERED NUMBER: 02179329)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 94,394
At 31 March 2023 94,394
AMORTISATION
Charge for year 9,439
At 31 March 2023 9,439
NET BOOK VALUE
At 31 March 2023 84,955

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 238,940
Additions 156,023
Disposals (8,890 )
At 31 March 2023 386,073
DEPRECIATION
At 1 April 2022 204,025
Charge for year 20,538
Eliminated on disposal (8,890 )
At 31 March 2023 215,673
NET BOOK VALUE
At 31 March 2023 170,400
At 31 March 2022 34,915

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors 1,606,612 1,469,549
Other debtors 50,961 122,176
1,657,573 1,591,725

DATA SYSTEMS (COMPUTERS) LIMITED (REGISTERED NUMBER: 02179329)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade creditors 567,488 620,945
Taxation and social security 182,072 154,017
Other creditors 113,188 225,374
862,748 1,000,336

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/23 31/3/22
value: £    £   
20,000 Ordinary shares £1 each 20,000 20,000

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Amounts paid into the Data Systems (Computers) Limited 1996 Retirement and Death Benefit Scheme on behalf of the Directors was £36,000 (2022: £75,200).

During the year £4,417 was advanced to a director of the company. This was was interest free and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The controlling party is G Waters.