Datadecode Ltd 11363726 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is Management consultancy activities other than financial management Digita Accounts Production Advanced 6.30.9574.0 true 11363726 2022-04-01 2023-03-31 11363726 2023-03-31 11363726 core:CurrentFinancialInstruments 2023-03-31 11363726 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 11363726 bus:SmallEntities 2022-04-01 2023-03-31 11363726 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 11363726 bus:FullAccounts 2022-04-01 2023-03-31 11363726 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 11363726 bus:RegisteredOffice 2022-04-01 2023-03-31 11363726 bus:CompanySecretary1 2022-04-01 2023-03-31 11363726 bus:Director1 2022-04-01 2023-03-31 11363726 bus:Director3 2022-04-01 2023-03-31 11363726 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11363726 countries:EnglandWales 2022-04-01 2023-03-31 11363726 2021-04-01 2022-03-31 11363726 2022-03-31 11363726 core:CurrentFinancialInstruments 2022-03-31 11363726 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 11363726

Prepared for the registrar

Datadecode Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Datadecode Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Datadecode Ltd

Company Information

Directors

Mr C Taylor

Mrs C Taylor

Company secretary

Mrs C Taylor

Registered office

Buckhorn House
Cheltenham Road
Bisley
Stroud
GL6 7BJ

Accountants

Hazlewoods LLP
Windsor House
Bayshill Road
Cheltenham
GL50 3AT

 

Datadecode Ltd

(Registration number: 11363726)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

28,792

16,042

Cash at bank and in hand

 

227,049

124,519

 

255,841

140,561

Creditors: Amounts falling due within one year

5

(111,914)

(12,853)

Net assets

 

143,927

127,708

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

143,827

127,608

Shareholders' funds

 

143,927

127,708

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 20 November 2023 and signed on its behalf by:
 

Mr C Taylor
Director

   
     
 

Datadecode Ltd

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

 

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Buckhorn House
Cheltenham Road
Bisley
Stroud
GL6 7BJ

 

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Judgements

No significant judgements have been made by management in preparing these financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

 

Datadecode Ltd

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

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments


Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

 Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

 Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

4

Debtors

2023
 £

2022
 £

Trade debtors

-

2,322

Other debtors

28,472

13,720

Prepayments

320

-

 

28,792

16,042

 

5

Creditors

2023
 £

2022
 £

Due within one year

Loans and borrowings

74,705

-

Social security and other taxes

13,265

3,940

Accrued expenses

1,835

1,400

Corporation tax liability

22,109

7,513

111,914

12,853

 

Datadecode Ltd

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

 

6

Loans and borrowings

Note

2023
£

2022
£

Current loans and borrowings

Loan account

7

74,705

-

 

7

Related party transactions

Summary of transactions with directors

At the year end, the company owed £74,705 (2022 - £1,919 owed from) to the directors of the company in the form a directors' loan account. The loan is unsecured, interest free and repayable on demand.