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REGISTERED NUMBER: 07136217 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

DSSEC Ltd

DSSEC Ltd (Registered number: 07136217)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DSSEC Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: G C Beard
Mrs M J Beard





REGISTERED OFFICE: 100 Longwater Avenue
Green Park
Reading
Berkshire
RG2 6GP





REGISTERED NUMBER: 07136217 (England and Wales)





ACCOUNTANTS: Geoffrey Cole & Co
4 Reading Road
Pangbourne
Reading
Berkshire
RG8 7LY

DSSEC Ltd (Registered number: 07136217)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 62,095 86,249

CURRENT ASSETS
Debtors 5 835,414 929,284
Cash at bank 77,719 169,037
913,133 1,098,321
CREDITORS
Amounts falling due within one year 6 247,694 333,022
NET CURRENT ASSETS 665,439 765,299
TOTAL ASSETS LESS CURRENT
LIABILITIES

727,534

851,548

PROVISIONS FOR LIABILITIES 3,951 9,254
NET ASSETS 723,583 842,294

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 723,483 842,194
SHAREHOLDERS' FUNDS 723,583 842,294

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.

DSSEC Ltd (Registered number: 07136217)

Statement of Financial Position - 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:





G C Beard - Director


DSSEC Ltd (Registered number: 07136217)

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

1. STATUTORY INFORMATION

DSSEC Ltd 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.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 33% on cost
Plant and machinery - 33% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on cost
Computer equipment - 50% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 13 (2022 - 12 ) .

DSSEC Ltd (Registered number: 07136217)

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2022 21,989 32,967 21,624
Additions 8,815 82 -
At 31 March 2023 30,804 33,049 21,624
DEPRECIATION
At 1 April 2022 21,989 32,813 20,791
Charge for year 2,422 128 420
At 31 March 2023 24,411 32,941 21,211
NET BOOK VALUE
At 31 March 2023 6,393 108 413
At 31 March 2022 - 154 833

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 94,259 105,663 276,502
Additions - 375 9,272
At 31 March 2023 94,259 106,038 285,774
DEPRECIATION
At 1 April 2022 17,331 97,329 190,253
Charge for year 23,565 6,891 33,426
At 31 March 2023 40,896 104,220 223,679
NET BOOK VALUE
At 31 March 2023 53,363 1,818 62,095
At 31 March 2022 76,928 8,334 86,249

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 301,281 313,541
Amounts owed by group undertakings 332,957 431,476
Amounts recoverable on contract 161,897 152,252
Prepayments & accrued income 39,279 32,015
835,414 929,284

DSSEC Ltd (Registered number: 07136217)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 906 8,059
Tax 91,318 130,841
Social security and other taxes 24,141 24,704
VAT 65,937 103,973
Directors' current accounts 6 6
Accrued and deferred income 65,386 65,439
247,694 333,022

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 84,234 7,323
Between one and five years 91,253 -
175,487 7,323