Datatick Ltd. 10502011 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is data consultancy. Digita Accounts Production Advanced 6.30.9574.0 true 10502011 2022-04-01 2023-03-31 10502011 2023-03-31 10502011 core:CurrentFinancialInstruments 2023-03-31 10502011 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 10502011 core:FurnitureFittingsToolsEquipment 2023-03-31 10502011 1 2023-03-31 10502011 bus:SmallEntities 2022-04-01 2023-03-31 10502011 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 10502011 bus:FullAccounts 2022-04-01 2023-03-31 10502011 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 10502011 bus:RegisteredOffice 2022-04-01 2023-03-31 10502011 bus:Director1 2022-04-01 2023-03-31 10502011 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10502011 core:FurnitureFittings 2022-04-01 2023-03-31 10502011 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 10502011 core:OfficeEquipment 2022-04-01 2023-03-31 10502011 countries:EnglandWales 2022-04-01 2023-03-31 10502011 1 2022-04-01 2023-03-31 10502011 2022-03-31 10502011 core:FurnitureFittingsToolsEquipment 2022-03-31 10502011 1 2022-03-31 10502011 2021-04-01 2022-03-31 10502011 2022-03-31 10502011 core:CurrentFinancialInstruments 2022-03-31 10502011 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 10502011 core:FurnitureFittingsToolsEquipment 2022-03-31 10502011 1 2022-03-31 10502011 1 2021-04-01 2022-03-31 10502011 1 2021-03-31 iso4217:GBP xbrli:pure

Registration number: 10502011

Datatick Ltd.

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

Datatick Ltd.

Contents
for the Year Ended 31 March 2023

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Datatick Ltd.

Company Information
for the Year Ended 31 March 2023

Director

Mr S Asplen-Taylor

Registered office

St Stephens House
Arthur Road
Windsor
Berkshire
SL4 1RU

Registered number

10502011 ( England and Wales )

Accountants

Windsor Accountancy Ltd
Chartered Certified Accountants
St. Stephens House
Arthur Road
Windsor
Berkshire
SL4 1RU

 

Datatick Ltd.

(Registration number: 10502011)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

3,768

110

Current assets

 

Debtors

5

175,374

109,526

Cash at bank and in hand

 

48,867

9,427

 

224,241

118,953

Creditors: Amounts falling due within one year

6

(167,636)

(118,733)

Net current assets

 

56,605

220

Total assets less current liabilities

 

60,373

330

Provisions for liabilities

(942)

-

Net assets

 

59,431

330

Capital and reserves

 

Called up share capital

1

1

Retained earnings

59,430

329

Shareholders' funds

 

59,431

330

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

The director acknowledges his 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 4 October 2023
 

 

Datatick Ltd.

(Registration number: 10502011)
Balance Sheet as at 31 March 2023

.........................................
Mr S Asplen-Taylor
Director

 

Datatick Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

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:
St Stephens House
Arthur Road
Windsor
Berkshire
SL4 1RU

These financial statements were authorised for issue by the director on 4 October 2023.

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

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 and deferred 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.

 

Datatick Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet 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

Office equipment

33% straight line

Fixtures & Fittings

33% straight line

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.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Datatick Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2022 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2022

5,538

5,538

Additions

4,511

4,511

At 31 March 2023

10,049

10,049

Depreciation

At 1 April 2022

6,065

6,065

Charge for the year

216

216

At 31 March 2023

6,281

6,281

Carrying amount

At 31 March 2023

3,768

3,768

At 31 March 2022

110

110

5

Debtors

Current

2023
£

2022
£

Trade debtors

84,690

-

Prepayments

750

3,751

Other debtors

89,934

105,775

 

175,374

109,526

 

Datatick Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

162,993

116,920

Accruals and deferred income

1,943

1,813

Other creditors

2,700

-

167,636

118,733

7

Related party transactions

Transactions with the director

2023

At 1 April 2022
£

Advances to director
£

Repayments by director
£

At 31 March 2023
£

Advances and credits

76,085

6,701

(14,912)

67,874

         
       

 

2022

At 1 April 2021
£

Advances to director
£

Repayments by director
£

At 31 March 2022
£

Advances and credits

90,638

4,891

(19,443)

76,085

         
       

 

Other transactions with directors

The balance due from the director at the year end date was deemed repayable on demand. Interest was charged at 2% on the outstanding balance.