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REGISTERED NUMBER: 10392922 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 June 2023

for

DATAPOWA LIMITED

DATAPOWA LIMITED (REGISTERED NUMBER: 10392922)

Contents of the Financial Statements
for the Year Ended 30 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DATAPOWA LIMITED

Company Information
for the Year Ended 30 June 2023







Directors: I R Penrose
M Johnson





Registered office: Northern Assurance Building
Albert Square
9/21 Princess Street
Manchester
M2 4DN





Registered number: 10392922 (England and Wales)





Accountants: Haines Watts Manchester Limited
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN

DATAPOWA LIMITED (REGISTERED NUMBER: 10392922)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 5 229,440 441,231
Tangible assets 6 5,835 4,336
235,275 445,567

Current assets
Debtors 7 111,115 306,434
Cash at bank 7,231 100,766
118,346 407,200
Creditors
Amounts falling due within one year 8 2,254,404 1,466,933
Net current liabilities (2,136,058 ) (1,059,733 )
Total assets less current liabilities (1,900,783 ) (614,166 )

Creditors
Amounts falling due after more than one
year

9

10,754

15,750
Net liabilities (1,911,537 ) (629,916 )

Capital and reserves
Called up share capital 10 1,879 1,879
Share premium 1,204,880 1,204,880
Retained earnings (3,118,296 ) (1,836,675 )
Shareholders' funds (1,911,537 ) (629,916 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

DATAPOWA LIMITED (REGISTERED NUMBER: 10392922)

Balance Sheet - continued
30 June 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 February 2024 and were signed on its behalf by:





M Johnson - Director


DATAPOWA LIMITED (REGISTERED NUMBER: 10392922)

Notes to the Financial Statements
for the Year Ended 30 June 2023


1. Statutory information

Datapowa 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. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Going concern
As at 30 June 2023 the company had net current liabilities of £2,136,058. The company is dependent on the continued support of its shareholders who have confirmed their commitment to continue to provide the necessary support as long as the company needs it.

On this basis the shareholders consider it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that might be necessary if the parent company were not to provide further support.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website are being amortised evenly over their estimated useful life of three years.

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 - 25% straight line
Computer equipment - 33% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


DATAPOWA LIMITED (REGISTERED NUMBER: 10392922)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


3. Accounting policies - continued
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
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.

4. Employees and directors

The average number of employees during the year was 5 (2022 - 10 ) .

5. Intangible fixed assets
Other
intangible
assets
£   
Cost
At 1 July 2022
and 30 June 2023 635,373
Amortisation
At 1 July 2022 194,142
Charge for year 211,791
At 30 June 2023 405,933
Net book value
At 30 June 2023 229,440
At 30 June 2022 441,231

DATAPOWA LIMITED (REGISTERED NUMBER: 10392922)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


6. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 July 2022 2,673 9,839 12,512
Additions - 4,066 4,066
At 30 June 2023 2,673 13,905 16,578
Depreciation
At 1 July 2022 1,668 6,508 8,176
Charge for year 274 2,293 2,567
At 30 June 2023 1,942 8,801 10,743
Net book value
At 30 June 2023 731 5,104 5,835
At 30 June 2022 1,005 3,331 4,336

7. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 100,918 137,439
Other debtors 10,197 168,995
111,115 306,434

8. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 5,400 5,400
Trade creditors 4,071 61,889
Amounts owed to group undertakings 2,181,767 1,226,425
Taxation and social security 21,278 90,117
Other creditors 41,888 83,102
2,254,404 1,466,933

9. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 10,754 15,750

10. Called up share capital

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
18,790,003 Ordinary 0.01p 1,879 1,879

DATAPOWA LIMITED (REGISTERED NUMBER: 10392922)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


11. 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.

12. Ultimate controlling party

The company is controlled by IXUP, a company registered in Australia, by virtue of owning all the issued share capital of the company.