Data Protected Limited
Unaudited Financial Statements
For the year ended 31 August 2023
Pages for Filing with Registrar
Company Registration No. 06344556 (England and Wales)
Data Protected Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 5
Data Protected Limited
Balance Sheet
As at 31 August 2023
Page 1
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
4,941
Current assets
Debtors
4
29,093
14,607
Cash at bank and in hand
324,043
358,730
353,136
373,337
Creditors: amounts falling due within one year
5
(32,022)
(35,293)
Net current assets
321,114
338,044
Net assets
326,055
338,044
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
325,955
337,944
Total equity
326,055
338,044
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 16 April 2024
G Brooks
Director
Company Registration No. 06344556
Data Protected Limited
Notes to the Financial Statements
For the year ended 31 August 2023
Page 2
1
Accounting policies
Company information
Data Protected Limited is a private company limited by shares domiciled and incorporated in England and Wales. The registered office is 6th Floor, 9 Appold Street, London, EC2A 2AP.
1.1
Accounting convention
These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents amounts receivable for services provided net of VAT.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment
33 1/3% Straight Line
Computer equipment
33 1/3% Straight Line
Other assets
33 1/3% Straight Line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.5
Financial instruments
The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other, or basic financial instruments measured at fair value.
Data Protected Limited
Notes to the Financial Statements (Continued)
For the year ended 31 August 2023
1
Accounting policies
(Continued)
Page 3
1.6
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.7
Taxation
The tax expense represents the tax currently payable.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
1.8
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.9
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.10
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
1
1
Data Protected Limited
Notes to the Financial Statements (Continued)
For the year ended 31 August 2023
Page 4
3
Tangible fixed assets
Plant and machinery etc
Other assets
Total
£
£
£
Cost
At 1 September 2022
5,702
5,702
Additions
3,090
3,100
6,190
At 31 August 2023
8,792
3,100
11,892
Depreciation and impairment
At 1 September 2022
5,702
5,702
Depreciation charged in the year
818
431
1,249
At 31 August 2023
6,520
431
6,951
Carrying amount
At 31 August 2023
2,272
2,669
4,941
At 31 August 2022
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
10,282
Other debtors
26,498
-
Prepayments and accrued income
2,595
4,325
29,093
14,607
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
4,415
Corporation tax
6,866
9,199
Other taxation and social security
16,541
2,062
Other creditors
-
20,132
Accruals and deferred income
4,200
3,900
32,022
35,293
Data Protected Limited
Notes to the Financial Statements (Continued)
For the year ended 31 August 2023
Page 5
6
Called up share capital
2023
2022
£
£
Issued and fully paid
100 Ordinary Shares of £1 each
100
100
7
Control
The company is controlled by G Brooks by virtue of his 100% shareholding.
8
Dividends to Directors
The following director was paid dividends during the year as outlined in the table below:
2023
2022
£
£
G Brooks
45,900
42,000
45,900
42,000
Included in other debtors is £26,498 owed by the director (2022 - £20,132 was owed to the director).