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REGISTERED NUMBER: 07650812 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Datawing Limited

Datawing Limited (Registered number: 07650812)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Datawing Limited (Registered number: 07650812)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 11,802 13,286
Property, plant and equipment 5 962 1,452
12,764 14,738

Current assets
Debtors 6 8,411 14,484
Cash at bank 15,598 44,528
24,009 59,012
Creditors
Amounts falling due within one year 7 11,137 33,470
Net current assets 12,872 25,542
Total assets less current liabilities 25,636 40,280

Creditors
Amounts falling due after more than one
year

8

10,819

14,458
Net assets 14,817 25,822

Datawing Limited (Registered number: 07650812)

Balance Sheet - continued
31 May 2023

2023 2022
Notes £    £    £    £   
Capital and reserves
Called up share capital 9 200 200
Retained earnings 14,617 25,622
Shareholders' funds 14,817 25,822

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 22 February 2024 and were signed by:





W B A Coppock - Director


Datawing Limited (Registered number: 07650812)

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

1. Statutory information

Datawing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07650812

Registered office: 85 Church Road
Hove
East Sussex
BN3 2BB

The presentation currency of the financial statements is in Pound Sterling (£) and rounding is to the nearest (£).

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 and represents amounts receivable for goods supplied and services rendered, stated net of discounts.

When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

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.

Intangible assets are being amortised evenly over their estimated useful life of ten years.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Datawing Limited (Registered number: 07650812)

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

2. Accounting policies - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

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.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

Datawing Limited (Registered number: 07650812)

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

4. Intangible fixed assets
Other
intangible
assets
£   
Cost
At 1 June 2022
and 31 May 2023 14,841
Amortisation
At 1 June 2022 1,555
Charge for year 1,484
At 31 May 2023 3,039
Net book value
At 31 May 2023 11,802
At 31 May 2022 13,286

5. Property, plant and equipment
Plant and
machinery
etc
£   
Cost
At 1 June 2022
and 31 May 2023 2,656
Depreciation
At 1 June 2022 1,204
Charge for year 490
At 31 May 2023 1,694
Net book value
At 31 May 2023 962
At 31 May 2022 1,452

Datawing Limited (Registered number: 07650812)

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

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 3,902 7,944
Other debtors 4,509 6,540
8,411 14,484

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 3,639 3,550
Taxation and social security 351 1,587
Other creditors 7,147 28,333
11,137 33,470

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 10,819 14,458

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
20,000 Ordinary £0.01 200 200

10. Related party disclosures

At the year end, the company owed the director £3,524 (2022: £25,532).