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REGISTERED NUMBER: SC423054 (Scotland)















DASAN SOLUTIONS LIMITED

Financial Statements for the Year Ended 31 March 2023






DASAN SOLUTIONS LIMITED (REGISTERED NUMBER: SC423054)






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


DASAN SOLUTIONS LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTORS: D G Schofield
M D Schofield
Mrs S Schofield





REGISTERED OFFICE: 26 Lewis Street
Stornoway
Isle of Lewis
HS1 2JF





REGISTERED NUMBER: SC423054 (Scotland)





ACCOUNTANTS: Mann Judd Gordon Ltd
Chartered Accountants
26 Lewis Street
Stornoway
Isle of Lewis
HS1 2JF

DASAN SOLUTIONS LIMITED (REGISTERED NUMBER: SC423054)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 132,491 138,642

CURRENT ASSETS
Debtors 5 29,883 922
Cash at bank 14,174 -
44,057 922
CREDITORS
Amounts falling due within one year 6 61,616 45,192
NET CURRENT LIABILITIES (17,559 ) (44,270 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

114,932

94,372

CREDITORS
Amounts falling due after more than one
year

7

(58,619

)

(70,857

)

PROVISIONS FOR LIABILITIES (23,023 ) (18,547 )
NET ASSETS 33,290 4,968

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 32,790 4,468
SHAREHOLDERS' FUNDS 33,290 4,968

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.

DASAN SOLUTIONS LIMITED (REGISTERED NUMBER: SC423054)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 November 2023 and were signed on its behalf by:





D G Schofield - Director


DASAN SOLUTIONS LIMITED (REGISTERED NUMBER: SC423054)

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

1. STATUTORY INFORMATION

Dasan Solutions Limited is a private company, limited by shares , registered in Scotland. 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 (£).


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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% depreciation on cost
Fixtures and fittings - 20% depreciation on cost
Motor vehicles - 20% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

DASAN SOLUTIONS LIMITED (REGISTERED NUMBER: SC423054)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2022 - 20 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2022 10,000 287,165 1,490
Additions - 18,368 -
At 31 March 2023 10,000 305,533 1,490
DEPRECIATION
At 1 April 2022 - 198,989 306
Charge for year - 17,635 149
At 31 March 2023 - 216,624 455
NET BOOK VALUE
At 31 March 2023 10,000 88,909 1,035
At 31 March 2022 10,000 88,176 1,184

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 85,060 6,680 390,395
Additions - - 18,368
At 31 March 2023 85,060 6,680 408,763
DEPRECIATION
At 1 April 2022 52,243 215 251,753
Charge for year 6,563 172 24,519
At 31 March 2023 58,806 387 276,272
NET BOOK VALUE
At 31 March 2023 26,254 6,293 132,491
At 31 March 2022 32,817 6,465 138,642

DASAN SOLUTIONS LIMITED (REGISTERED NUMBER: SC423054)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 37,255 30,745 68,000
DEPRECIATION
At 1 April 2022 7,451 6,149 13,600
Charge for year 5,960 4,919 10,879
At 31 March 2023 13,411 11,068 24,479
NET BOOK VALUE
At 31 March 2023 23,844 19,677 43,521
At 31 March 2022 29,804 24,596 54,400

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 29,883 922

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 9,792 13,297
Hire purchase contracts 18,286 18,286
Trade creditors 11,285 9,203
Tax 8,323 -
Pensions 551 105
VAT 11,877 2,803
Accrued expenses 1,502 1,498
61,616 45,192

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 4,600 4,600
Bank loans - 2-5 years 5,398 9,967
Hire purchase contracts 15,234 31,371
Directors' loan accounts 33,387 24,919
58,619 70,857

DASAN SOLUTIONS LIMITED (REGISTERED NUMBER: SC423054)

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

8. RELATED PARTY DISCLOSURES

Details of directors' remuneration are disclosed in note 2.

Included within creditors falling due over one year is a balance due to D G Schofield, director of £33,387 (2022 - £24,919). There are no fixed repayment terms and interest is not charged on the balance.

9. ULTIMATE CONTROLLING PARTY

The controlling party is D G Schofield.

The ultimate controlling party is D G Schofield.