DIAGNAL UK LTD

Company Registration Number:
13878408 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2023

Period of accounts

Start date: 28 January 2022

End date: 31 January 2023

DIAGNAL UK LTD

Contents of the Financial Statements

for the Period Ended 31 January 2023

Balance sheet
Notes

DIAGNAL UK LTD

Balance sheet

As at 31 January 2023


Notes

2023


£
Fixed assets
Tangible assets: 3 1,201
Total fixed assets: 1,201
Current assets
Debtors:   189,695
Cash at bank and in hand: 442,686
Total current assets: 632,381
Creditors: amounts falling due within one year:   (698,132)
Net current assets (liabilities): (65,751)
Total assets less current liabilities: (64,550)
Total net assets (liabilities): (64,550)
Capital and reserves
Called up share capital: 10
Profit and loss account: (64,560)
Shareholders funds: (64,550)

The notes form part of these financial statements

DIAGNAL UK LTD

Balance sheet statements

For the year ending 31 January 2023 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 10 October 2023
and signed on behalf of the board by:

Name: Reuben Verghese
Status: Director

The notes form part of these financial statements

DIAGNAL UK LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

1. Accounting policies

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

Other accounting policies

Statutory InformationDiagnal UK Ltd (13878408) is a private company, limited by shares, registered in England and Wales. The company’s registered office address is 71-75 Shelton Street, Covent Garden, London, United Kingdom, WC2H 9JQ.Accounting policiesBasis of Preparation of Financial StatementsThese financial statements have been prepared in accordance with the Financial Reporting Standard 102 applicable in the UK and the Republic of Ireland and in accordance with the provisions of section 1A of “Small Entities” and the Companies Act, 2006.Significant judgements and estimates The preparation of financial statements required management to make judgements, estimates and assumptions that affect the amounts reported in the financial statements. These judgements are inherently uncertain and actual results may differ from these estimates. The Company’s management reviews and revise these estimates on an ongoing basis to reflect the most current information and circumstances. Revenue RecognitionRevenue is recognized at the fair value of the consideration receivable and represents the amounts receivable for the services rendered. Revenue for provision of service is recognised when it is certain that an economic benefit will flow to the entity and the revenue and costs can be reliably measured.Going concernThe financial statements have been prepared on a going concern basis, as management believes that the company will continue its operations for the foreseeable future considering the historical performance and current liquidity. There are no material events or conditions such as legal disputes, regulatory changes or other circumstances that cast substantial doubt on the company’s ability to continue as a going concern. Foreign Currency transactionsForeign currency transactions are initially recorded in the functional currency, by applying the official HMRC foreign currency exchange monthly rates. Income and expenses denominated in foreign currency are translated at the exchange rate with any foreign exchange gains or losses being taken to the profit and loss account.Tangible AssetsTangible assets are initially measured at cost. After initial recognition, tangible assets are measured at cost reduced by accumulated depreciation.DepreciationDepreciation is calculated so as to write off the cost of an asset reduced by its residual value, if any, over the useful economic life of that asset which is as follows:Computer equipment - 20% straight line methodDefined contribution planContribution to defined contribution plans are recognised as an expense in the period in which the related service is provided.

DIAGNAL UK LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

2. Employees

2023
Average number of employees during the period 2

DIAGNAL UK LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

3. Tangible Assets

Total
Cost £
Additions 1,501
At 31 January 2023 1,501
Depreciation
Charge for year 300
At 31 January 2023 300
Net book value
At 31 January 2023 1,201

DIAGNAL UK LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

4. Related party transactions

Name of the related party: Diagnal Limited
Relationship:
Supplier
Description of the Transaction: Diagnal Limited has provided technical services and software licensing services to Diagnal UK Ltd during the accounting period
£
Balance at 31 January 2023 641,655