0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 4,000 4,000 4,000 4,000 3,949 436 4,385 2,792 958 3,750 635 1,157 xbrli:pure xbrli:shares iso4217:GBP 10345250 2022-07-01 2023-06-30 10345250 2023-06-30 10345250 2022-06-30 10345250 2021-07-01 2022-06-30 10345250 2022-06-30 10345250 2021-06-30 10345250 bus:Director1 2022-07-01 2023-06-30 10345250 core:PatentsTrademarksLicencesConcessionsSimilar 2023-06-30 10345250 core:WithinOneYear 2023-06-30 10345250 core:WithinOneYear 2022-06-30 10345250 core:OtherReservesSubtotal 2023-06-30 10345250 core:OtherReservesSubtotal 2022-06-30 10345250 core:RetainedEarningsAccumulatedLosses 2023-06-30 10345250 core:RetainedEarningsAccumulatedLosses 2022-06-30 10345250 core:PatentsTrademarksLicencesConcessionsSimilar 2022-07-01 2023-06-30 10345250 core:PatentsTrademarksLicencesConcessionsSimilar 2022-06-30 10345250 bus:SmallEntities 2022-07-01 2023-06-30 10345250 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 10345250 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 10345250 bus:CompanyLimitedByGuarantee 2022-07-01 2023-06-30 10345250 bus:FullAccounts 2022-07-01 2023-06-30 10345250 core:OfficeEquipment 2022-07-01 2023-06-30 10345250 core:OfficeEquipment 2022-06-30 10345250 core:OfficeEquipment 2023-06-30
COMPANY REGISTRATION NUMBER: 10345250
DISA Limited
Company Limited by Guarantee
Filleted Unaudited Financial Statements
30 June 2023
DISA Limited
Company Limited by Guarantee
Statement of Financial Position
30 June 2023
2023
2022
Note
£
£
£
Fixed assets
Intangible assets
5
4,000
Tangible assets
6
635
1,157
----
-------
635
5,157
Current assets
Debtors
7
19,618
31,375
Cash at bank and in hand
359,327
299,344
---------
---------
378,945
330,719
Creditors: amounts falling due within one year
8
7,324
3,120
---------
---------
Net current assets
371,621
327,599
---------
---------
Total assets less current liabilities
372,256
332,756
---------
---------
Net assets
372,256
332,756
---------
---------
Capital and reserves
Training reserve
112,370
97,262
Profit and loss account
259,886
235,494
---------
---------
Member funds
372,256
332,756
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
DISA Limited
Company Limited by Guarantee
Statement of Financial Position (continued)
30 June 2023
These financial statements were approved by the board of directors and authorised for issue on 25 August 2023 , and are signed on behalf of the board by:
Mr T W Andrew
Director
Company registration number: 10345250
DISA Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 30 June 2023
1. General information
The company is a private company limited by guarantee, registered in England & Wales. The address of the registered office is 8-9 Acorn Business Centre, Roberts End, Hanley Swan, Worcestershire, WR8 0DN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Website
-
Reviewed for impairment
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Company limited by guarantee
The Company is limited by guarantee with the members liability being limited to £1 should the company be wound up.
5. Intangible assets
Website
£
Cost
At 1 July 2022 and 30 June 2023
4,000
-------
Amortisation
Charge for the year
4,000
-------
At 30 June 2023
4,000
-------
Carrying amount
At 30 June 2023
-------
At 30 June 2022
4,000
-------
6. Tangible assets
Equipment
£
Cost
At 1 July 2022
3,949
Additions
436
-------
At 30 June 2023
4,385
-------
Depreciation
At 1 July 2022
2,792
Charge for the year
958
-------
At 30 June 2023
3,750
-------
Carrying amount
At 30 June 2023
635
-------
At 30 June 2022
1,157
-------
7. Debtors
2023
2022
£
£
Trade debtors
1,578
789
Other debtors
18,040
30,586
--------
--------
19,618
31,375
--------
--------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
207
Corporation tax
2,377
1,675
Other creditors
4,740
1,445
-------
-------
7,324
3,120
-------
-------