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REGISTERED NUMBER: 02117166 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

DATA-PATH OFFICE NETWORK SERVICES
LIMITED

DATA-PATH OFFICE NETWORK SERVICES
LIMITED (REGISTERED NUMBER: 02117166)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DATA-PATH OFFICE NETWORK SERVICES
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: R J G Lowe
T Fryer
W A Stone





SECRETARY: D G Wyles





REGISTERED OFFICE: Unit 5 Crewkerne Business Park
Northernway
Somerset
TA18 7HJ





REGISTERED NUMBER: 02117166 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

DATA-PATH OFFICE NETWORK SERVICES
LIMITED (REGISTERED NUMBER: 02117166)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,376 43,956
Investments 5 232,642 100
283,018 44,056

CURRENT ASSETS
Stocks 191,802 194,243
Debtors 6 665,280 744,168
Cash at bank and in hand 471,785 995,143
1,328,867 1,933,554
CREDITORS
Amounts falling due within one year 7 558,811 622,852
NET CURRENT ASSETS 770,056 1,310,702
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,053,074

1,354,758

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 8 1,051,074 1,352,758
SHAREHOLDERS' FUNDS 1,053,074 1,354,758

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

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

DATA-PATH OFFICE NETWORK SERVICES
LIMITED (REGISTERED NUMBER: 02117166)

BALANCE SHEET - continued
31ST 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th October 2023 and were signed on its behalf by:





R J G Lowe - Director


DATA-PATH OFFICE NETWORK SERVICES
LIMITED (REGISTERED NUMBER: 02117166)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023


1. STATUTORY INFORMATION

Data-Path Office Network Services 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25.00% straight line and Straight line over 1 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Investments
Investments are included at fair value. Gains and losses are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the investment is sold.

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.


DATA-PATH OFFICE NETWORK SERVICES
LIMITED (REGISTERED NUMBER: 02117166)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pensions
The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2022 - 33 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2022 254,256
Additions 36,659
Disposals (15,353 )
At 31st March 2023 275,562
DEPRECIATION
At 1st April 2022 210,300
Charge for year 23,261
Eliminated on disposal (8,375 )
At 31st March 2023 225,186
NET BOOK VALUE
At 31st March 2023 50,376
At 31st March 2022 43,956

DATA-PATH OFFICE NETWORK SERVICES
LIMITED (REGISTERED NUMBER: 02117166)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1st April 2022 100 - 100
Additions - 236,631 236,631
Revaluations - (4,089 ) (4,089 )
At 31st March 2023 100 232,542 232,642
NET BOOK VALUE
At 31st March 2023 100 232,542 232,642
At 31st March 2022 100 - 100

Cost or valuation at 31st March 2023 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2023 - (4,089 ) (4,089 )
Cost 100 236,631 236,731
100 232,542 232,642

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 559,098 451,832
Amounts owed by group undertakings 5,499 5,415
Amounts owed by participating interests 982 150,563
Other debtors 74,701 36,358
640,280 644,168

Amounts falling due after more than one year:
Amounts owed by group undertakings 25,000 100,000

Aggregate amounts 665,280 744,168

DATA-PATH OFFICE NETWORK SERVICES
LIMITED (REGISTERED NUMBER: 02117166)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 159,939 206,692
Taxation and social security 178,883 164,630
Other creditors 219,989 251,530
558,811 622,852

8. RESERVES
Retained
earnings
£   

At 1st April 2022 1,352,758
Profit for the year 258,316
Dividends (560,000 )
At 31st March 2023 1,051,074

9. OTHER FINANCIAL COMMITMENTS

The company had total commitments at the balance sheet date of £101,571 (2022: £97,911).