IRIS Accounts Production v23.2.0.158 01829889 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh018298892022-03-31018298892023-03-31018298892022-04-012023-03-31018298892021-03-31018298892021-04-012022-03-31018298892022-03-3101829889ns10:Originalns15:EnglandWales2022-04-012023-03-3101829889ns14:PoundSterlingns10:Original2022-04-012023-03-3101829889ns10:Originalns10:Director12022-04-012023-03-3101829889ns10:Original2022-04-012023-03-3101829889ns10:Original2023-03-3101829889ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3101829889ns10:Originalns10:SmallEntities2022-04-012023-03-3101829889ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3101829889ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3101829889ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3101829889ns10:Originalns10:FullAccounts2022-04-012023-03-3101829889ns10:Originalns10:Director22022-04-012023-03-3101829889ns10:Originalns10:RegisteredOffice2022-04-012023-03-3101829889ns10:Original2022-03-3101829889ns10:Originalns5:CurrentFinancialInstruments2023-03-3101829889ns10:Originalns5:CurrentFinancialInstruments2022-03-3101829889ns10:Originalns5:Non-currentFinancialInstruments2023-03-3101829889ns10:Originalns5:Non-currentFinancialInstruments2022-03-3101829889ns5:ShareCapitalns10:Original2023-03-3101829889ns5:ShareCapitalns10:Original2022-03-3101829889ns10:Originalns5:RevaluationReserve2023-03-3101829889ns10:Originalns5:RevaluationReserve2022-03-3101829889ns10:Originalns5:CapitalRedemptionReserve2023-03-3101829889ns10:Originalns5:CapitalRedemptionReserve2022-03-3101829889ns10:Originalns5:FurtherSpecificReserve2ComponentTotalEquity2023-03-3101829889ns10:Originalns5:FurtherSpecificReserve2ComponentTotalEquity2022-03-3101829889ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3101829889ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3101829889ns10:Original2021-04-012022-03-3101829889ns10:Originalns5:LandBuildings2022-03-3101829889ns10:Originalns5:PlantMachinery2022-03-3101829889ns10:Originalns5:FurnitureFittings2022-03-3101829889ns10:Originalns5:ComputerEquipment2022-03-3101829889ns10:Original2022-03-3101829889ns10:Originalns5:LandBuildings2022-04-012023-03-3101829889ns10:Originalns5:PlantMachinery2022-04-012023-03-3101829889ns10:Originalns5:FurnitureFittings2022-04-012023-03-3101829889ns10:Originalns5:ComputerEquipment2022-04-012023-03-3101829889ns10:Originalns5:LandBuildings2023-03-3101829889ns10:Originalns5:PlantMachinery2023-03-3101829889ns10:Originalns5:FurnitureFittings2023-03-3101829889ns10:Originalns5:ComputerEquipment2023-03-3101829889ns10:Originalns5:LandBuildings2022-03-3101829889ns10:Originalns5:PlantMachinery2022-03-3101829889ns10:Originalns5:FurnitureFittings2022-03-3101829889ns10:Originalns5:ComputerEquipment2022-03-3101829889ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3101829889ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3101829889ns10:Originalns5:CurrentFinancialInstruments2022-04-012023-03-3101829889ns10:Originalns5:Non-currentFinancialInstruments2022-04-012023-03-3101829889ns10:Originalns5:DeferredTaxation2022-03-3101829889ns10:Originalns5:DeferredTaxation2022-04-012023-03-3101829889ns10:Originalns5:DeferredTaxation2023-03-31
REGISTERED NUMBER: 01829889 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Databac Group Limited

Databac Group Limited (Registered number: 01829889)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Databac Group Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: C R Balcomb
D R Balcomb





REGISTERED OFFICE: 1 The Ashway Centre
Elm Crescent
Kingston upon Thames
Surrey
KT2 6HH





REGISTERED NUMBER: 01829889 (England and Wales)





ACCOUNTANTS: Ledger Sparks Limited
Airport House
Suite 43-45
Purley Way
Croydon
CR0 0XZ

Databac Group Limited (Registered number: 01829889)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,256,442 748,646

CURRENT ASSETS
Stocks 150,453 47,571
Debtors 5 184,289 285,538
Cash at bank and in hand 20,300 24,997
355,042 358,106
CREDITORS
Amounts falling due within one year 6 (274,362 ) (278,759 )
NET CURRENT ASSETS 80,680 79,347
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,337,122

827,993

CREDITORS
Amounts falling due after more than one year 7 (36,883 ) (42,407 )

PROVISIONS FOR LIABILITIES 8 (76,610 ) -
NET ASSETS 1,223,629 785,586

CAPITAL AND RESERVES
Called up share capital 362 362
Revaluation reserve - Property 9 831,147 437,215
Capital redemption reserve 9 138 138
Revaluation reserve
Machinery, Equipments
& Furniture 9 12,000 15,000
Retained earnings 9 379,982 332,871
1,223,629 785,586

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Databac Group Limited (Registered number: 01829889)

Balance Sheet - continued
31 March 2023


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 Board of Directors and authorised for issue on 12 October 2023 and were signed on its behalf by:





C R Balcomb - Director


Databac Group Limited (Registered number: 01829889)

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

1. STATUTORY INFORMATION

Databac Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the company during the year was the manufacture of identification cards for high security applications.

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.

TURNOVER
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

TANGIBLE FIXED ASSETS
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold propertyNot Provided
Plant and machinery25% on cost
Fixtures and fittings25% on cost
Motor vehicles25% on cost
Computer equipment25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is credited or charged to profit or loss.

GOVERNMENT GRANTS
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.

FINANCIAL INSTRUMENTS
The company only enters into basic financial transactions that result in recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from bank and other third parties, loans to related parties and investments in non-puttable ordinary shares.


Databac Group Limited (Registered number: 01829889)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
TAXATION
The tax expense represents the sum of the tax currently payable and deferred tax.

CURRENT TAX
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

DEFERRED TAX
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.

FOREIGN EXCHANGE
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the profit and loss account for the period.

LEASES
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

PENSION
DEFINED CONTRIBUTION PENSION PLAN
The Company operates a defined contribution pension plan for its employees. A defined contribution pension plan is a plan under which the Company pays fixed contributions into separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the company are held separately from the Company in an independently administered fund.

GOING CONCERN
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

PROVISIONS FOR LIABILITIES
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Statement of comprehensive income in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance sheet.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 13 ) .

Databac Group Limited (Registered number: 01829889)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 April 2022 713,664 154,604 81,382 9,540 959,190
Additions - 35,254 679 - 35,933
Revaluations 486,336 - - - 486,336
At 31 March 2023 1,200,000 189,858 82,061 9,540 1,481,459
DEPRECIATION
At 1 April 2022 - 122,466 78,538 9,540 210,544
Charge for year - 13,604 869 - 14,473
At 31 March 2023 - 136,070 79,407 9,540 225,017
NET BOOK VALUE
At 31 March 2023 1,200,000 53,788 2,654 - 1,256,442
At 31 March 2022 713,664 32,138 2,844 - 748,646

Cost or valuation at 31 March 2023 is represented by:

Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
Valuation in 2017 492,315 - - - 492,315
Valuation in 2022 - 15,000 - - 15,000
Valuation in 2023 486,336 - - - 486,336
Cost 221,349 174,858 82,061 9,540 487,808
1,200,000 189,858 82,061 9,540 1,481,459

The fair value of the property has been arrived at on the basis of a valuation carried out by the directors at the balance sheet date based on their opinion of the open market value at that date. Deferred tax has been calculated on the revalued amounts and provided for within the financial statements.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 179,165 255,245
Other debtors 5,124 30,293
184,289 285,538

The directors consider the carrying value of trade and other receivables approximate to their fair value.

Databac Group Limited (Registered number: 01829889)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,889 48,087
Trade creditors 165,614 145,232
Taxation and social security 59,236 39,439
Other creditors 37,623 46,001
274,362 278,759

The directors consider the carrying amounts of current liabilities approximate to their fair values.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 36,883 42,407

The directors consider the carrying amounts of long term liabilities approximate to their fair values.

8. PROVISIONS FOR LIABILITIES
2023
£   
Deferred tax 76,610

Deferred
tax
£   
Balance at 1 April 2022 (25,193 )
Provided during year 101,803
Balance at 31 March 2023 76,610

9. RESERVES

Distributable reserves consist of retained earnings.

Non distributable reserves consist of capital redemption reserve and fair value adjustments, deferred tax in relation to freehold property, plant and machinery.

At the balance sheet date the reserves therefore comprise of the following:

Distributable reserves £379,982

Non Distributable reserves:
Freehold property- £831,147
Plant and machinery- £12,000
Capital redemption- £138

Databac Group Limited (Registered number: 01829889)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

10. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £13,661 (2022 - £11,910).

11. RELATED PARTY DISCLOSURES

As at the balance sheet date included in creditors were amounts of £20,000 (2022 - Nil) due to the directors.

Databac Group SL is a company registered in Spain which is controlled directly by Mariam Khan, the wife of C Balcomb, a director of Databac Group Ltd.

Included in turnover is sales of £980 (2022 - £6,393) made to Databac group SL and at the balance sheet date included in trade debtors were amounts of £112 (2022 - £2,823) due from them.

Company has incurred expenses of commission payable £16,355 (2022 - £7,966) and advertising and marketing £13,029 (2022 - £7,384) to Databac group SL and at the balance sheet date included in trade creditors were the amount of £42,496 (2022 - £42,264) due to them.