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REGISTERED NUMBER: 02320442 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

DATASYM (U.K.) LIMITED

DATASYM (U.K.) LIMITED (REGISTERED NUMBER: 02320442)

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


DATASYM (U.K.) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr C Jones
Mr M Thorne
Mr I Gifford
Mr J Burness





SECRETARY: Mr C Jones





REGISTERED OFFICE: RMA House
66 Western Road
Fareham
Hampshire
PO16 0NS





REGISTERED NUMBER: 02320442 (England and Wales)





ACCOUNTANTS: Casson Beckman
Chartered Accountants
Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS

DATASYM (U.K.) LIMITED (REGISTERED NUMBER: 02320442)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 61,029 62,374

CURRENT ASSETS
Stocks - 9,621
Debtors 5 631,309 642,655
Cash at bank and in hand 3,246,259 2,534,304
3,877,568 3,186,580
CREDITORS
Amounts falling due within one year 6 1,932,183 1,735,726
NET CURRENT ASSETS 1,945,385 1,450,854
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,006,414

1,513,228

PROVISIONS FOR LIABILITIES 7,301 7,274
NET ASSETS 1,999,113 1,505,954

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,999,013 1,505,854
SHAREHOLDERS' FUNDS 1,999,113 1,505,954

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.

DATASYM (U.K.) LIMITED (REGISTERED NUMBER: 02320442)

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 November 2023 and were signed on its behalf by:




Mr M Thorne - Director



Mr C Jones - Director


DATASYM (U.K.) LIMITED (REGISTERED NUMBER: 02320442)

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


1. STATUTORY INFORMATION

Datasym (U.K.) 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 (£).


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.

Preparation of consolidated financial statements
The financial statements present information about the company as an individual and not about its group. The company has not prepared group accounts as it is exempt from the requirement to do so by section 400 of the Companies Act 2006 as it is a subsidiary undertaking of MCI Solutions Limited, a company incorporated in England.

Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance
Computer equipment - 20% on reducing balance

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

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.

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.

DATASYM (U.K.) LIMITED (REGISTERED NUMBER: 02320442)

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


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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 34 (2022 - 37 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022 22,702 131,147 153,849
Additions 659 15,302 15,961
Disposals (1,492 ) (27,623 ) (29,115 )
At 31 March 2023 21,869 118,826 140,695
DEPRECIATION
At 1 April 2022 10,443 81,032 91,475
Charge for year 1,296 12,545 13,841
Eliminated on disposal (1,091 ) (24,559 ) (25,650 )
At 31 March 2023 10,648 69,018 79,666
NET BOOK VALUE
At 31 March 2023 11,221 49,808 61,029
At 31 March 2022 12,259 50,115 62,374

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 601,865 614,119
Other debtors 29,444 28,536
631,309 642,655

DATASYM (U.K.) LIMITED (REGISTERED NUMBER: 02320442)

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 55,736 77,002
Taxation and social security 628,088 439,279
Other creditors 1,248,359 1,219,445
1,932,183 1,735,726

7. LEASING AGREEMENTS
At the end of the accounting period the company was committed, under non-cancellable operating leases, to future payments of £602 (2022 - £16,295).

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9. ULTIMATE CONTROLLING PARTY

The directors consider MCI Solutions Limited, registered office and principal place of business RMA House, 66 Western Road, Fareham, Hampshire PO16 0NS, to be the company's ultimate parent company.