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REGISTERED NUMBER: 05700154 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

DIGITAL ACCESS SOLUTIONS LIMITED

DIGITAL ACCESS SOLUTIONS LIMITED (REGISTERED NUMBER: 05700154)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DIGITAL ACCESS SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: Mr D P Rapley





SECRETARY: Mr D P Rapley





REGISTERED OFFICE: Ingram House
6 Meridian Way
Norwich
Norfolk
NR7 0TA





REGISTERED NUMBER: 05700154 (England and Wales)





ACCOUNTANTS: LEES
Chartered Certified Accountants
Hogarth House
136 High Holborn
London
WC1V 6PX

DIGITAL ACCESS SOLUTIONS LIMITED (REGISTERED NUMBER: 05700154)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 280,000 280,000

CURRENT ASSETS
Cash at bank 1,352 1,438

CREDITORS
Amounts falling due within one year 5 10,394 10,783
NET CURRENT LIABILITIES (9,042 ) (9,345 )
TOTAL ASSETS LESS CURRENT LIABILITIES 270,958 270,655

CREDITORS
Amounts falling due after more than one year 6 (1,991 ) (5,837 )

PROVISIONS FOR LIABILITIES (22,729 ) (22,729 )
NET ASSETS 246,238 242,089

CAPITAL AND RESERVES
Called up share capital 8 2 2
Fair value reserve 9 125,110 125,110
Retained earnings 121,126 116,977
SHAREHOLDERS' FUNDS 246,238 242,089

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 October 2023 and were signed by:





Mr D P Rapley - Director


DIGITAL ACCESS SOLUTIONS LIMITED (REGISTERED NUMBER: 05700154)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Digital Access Solutions 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 as modified by the revaluation of certain assets.

At 28 February 2023 the company had net current liabilities of £9,042. The director considers that, on the basis of anticipated trading and forecasts, and continued director support, the company will trade profitably and meet its obligations as they fall due and, accordingly, the financial statements are prepared on the going concern basis.

The financial statements are presented in sterling, which is the functional currency of the company.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. AVERAGE NUMBER OF EMPLOYEES

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022
and 28 February 2023 280,000
NET BOOK VALUE
At 28 February 2023 280,000
At 28 February 2022 280,000

DIGITAL ACCESS SOLUTIONS LIMITED (REGISTERED NUMBER: 05700154)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. INVESTMENT PROPERTY - continued

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2023 280,000

If Investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 143,735 143,735

Investment property was valued on a fair value basis on 28 February 2023 by the director .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,863 3,881
Taxation and social security 973 1,059
Other creditors 5,558 5,843
10,394 10,783

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 1,991 5,837

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 5,854 9,718

The security takes the form of a fixed charge over the investment property.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

9. RESERVES
Fair
value
reserve
£   
At 1 March 2022
and 28 February 2023 125,110