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REGISTERED NUMBER: 04768313 (England and Wales)















Diskovery Business Services Limited

Unaudited Financial Statements for the Year Ended 31 March 2023






Diskovery Business Services Limited (Registered number: 04768313)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Diskovery Business Services Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: M Campbell





REGISTERED OFFICE: 123 Bournemouth Road
Parkstone
Poole
Dorset
BH14 9HR





REGISTERED NUMBER: 04768313 (England and Wales)





ACCOUNTANTS: Rawlence and Browne UDY Limited
T/A Potter and Pollard
Unit 17 Lancaster Road
Sarum Business Park
Old Sarum
Salisbury
Wiltshire
SP4 6FB

Diskovery Business Services Limited (Registered number: 04768313)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 630,536 650,613

CURRENT ASSETS
Debtors 5 63,939 76,339
Cash at bank 1,345,243 1,073,337
1,409,182 1,149,676
CREDITORS
Amounts falling due within one year 6 113,862 153,797
NET CURRENT ASSETS 1,295,320 995,879
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,925,856

1,646,492

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,925,854 1,646,490
1,925,856 1,646,492

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 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 November 2023 and were signed by:





M Campbell - Director


Diskovery Business Services Limited (Registered number: 04768313)

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

1. STATUTORY INFORMATION

Diskovery Business 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.

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.
Freehold property - 2% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 5 (2022 - 5 ) .

Diskovery Business Services Limited (Registered number: 04768313)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 738,327 131,620 869,947
Additions - 1,081 1,081
At 31 March 2023 738,327 132,701 871,028
DEPRECIATION
At 1 April 2022 124,930 94,404 219,334
Charge for year 14,766 6,392 21,158
At 31 March 2023 139,696 100,796 240,492
NET BOOK VALUE
At 31 March 2023 598,631 31,905 630,536
At 31 March 2022 613,397 37,216 650,613

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 62,935 75,241
Other debtors 1,004 1,098
63,939 76,339

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 18,992 42,119
Taxation and social security 92,350 109,478
Other creditors 2,520 2,200
113,862 153,797