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REGISTERED NUMBER: 05620934 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 December 2022

for

Data Academy Limited

Data Academy Limited (Registered number: 05620934)

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










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Data Academy Limited

Company Information
for the Year Ended 31 December 2022







DIRECTORS: R W Field-Naldrett
D Gamble
Ms R K Higgs





REGISTERED OFFICE: Charnwood House
Harcourt Way
Meridian Business Park
Leicestershire
LE19 1WP





REGISTERED NUMBER: 05620934 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Data Academy Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Data Academy Limited for the year ended 31 December 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Data Academy Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Data Academy Limited and state those matters that we have agreed to state to the Board of Directors of Data Academy Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Data Academy Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Data Academy Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Data Academy Limited. You consider that Data Academy Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Data Academy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


12 October 2023

Data Academy Limited (Registered number: 05620934)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 227,157 194,527

CURRENT ASSETS
Debtors 5 192,406 284,989
Cash at bank and in hand 126,286 55,865
318,692 340,854
CREDITORS
Amounts falling due within one year 6 263,008 301,371
NET CURRENT ASSETS 55,684 39,483
TOTAL ASSETS LESS CURRENT
LIABILITIES

282,841

234,010

CREDITORS
Amounts falling due after more than
one year

7

(33,733

)

(49,550

)

PROVISIONS FOR LIABILITIES (49,959 ) (33,036 )
NET ASSETS 199,149 151,424

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 199,049 151,324
SHAREHOLDERS' FUNDS 199,149 151,424

Data Academy Limited (Registered number: 05620934)

Balance Sheet - continued
31 December 2022


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

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

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 12 October 2023 and were signed on its behalf by:




D Gamble - Director



R W Field-Naldrett - Director


Data Academy Limited (Registered number: 05620934)

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


1. STATUTORY INFORMATION

Data Academy 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 training services, excluding value added tax. Turnover is recognised when the training has taken place.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% straight line basis
Plant and machinery - 20% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 33% straight line basis

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.

Data Academy Limited (Registered number: 05620934)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts are capitalised as tangible fixed assets and depreciated over the their useful lives. Obligations under such agreements are included in creditors net of finance charge allocated to future periods.The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account on a straight line basis.

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 12 (2021 - 12 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2022 52,321 100,652 293,143 23,349 469,465
Additions 8,993 32,861 81,291 5,645 128,790
Disposals - (35,395 ) (27,099 ) - (62,494 )
At 31 December 2022 61,314 98,118 347,335 28,994 535,761
DEPRECIATION
At 1 January 2022 20,482 49,711 181,941 22,804 274,938
Charge for year 6,131 12,537 46,517 2,426 67,611
Eliminated on disposal - (13,277 ) (20,668 ) - (33,945 )
At 31 December 2022 26,613 48,971 207,790 25,230 308,604
NET BOOK VALUE
At 31 December 2022 34,701 49,147 139,545 3,764 227,157
At 31 December 2021 31,839 50,941 111,202 545 194,527

Data Academy Limited (Registered number: 05620934)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 155,704 253,229
Directors' current accounts - 1,595
Corporation tax 420 420
Prepayments and accrued income 36,282 29,745
192,406 284,989

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 6,477 13,370
Trade creditors 26,670 21,419
Corporation tax 3,727 -
Social security and other taxes 6,677 5,017
VAT 45,148 45,231
Other creditors 18,834 26,861
Directors' current accounts 700 -
Accruals and deferred income 144,775 179,473
263,008 301,371

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans - 2-5 years 27,500 37,500
Hire purchase contracts 6,233 12,050
33,733 49,550

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.22 31.12.21
£    £   
Hire purchase contracts 12,710 25,420

Assets financed by hire purchase are secured on the assets to which they relate.

Data Academy Limited (Registered number: 05620934)

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


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.22 31.12.21
value: £    £   
100 Ordinary £1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2022 and 31 December 2021:

31.12.22 31.12.21
£    £   
R W Field-Naldrett
Balance outstanding at start of year 1,595 -
Amounts advanced 1,395 1,595
Amounts repaid (3,690 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (700 ) 1,595

The above loan is interest free and repayable on demand.