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Company Registration No. 06952646 (England and Wales)
Databet (UK) Ltd Unaudited accounts for the year ended 31 July 2023
Databet (UK) Ltd Unaudited accounts Contents
Page
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Databet (UK) Ltd Company Information for the year ended 31 July 2023
Director
Robert Malcolm Hutchison
Company Number
06952646 (England and Wales)
Registered Office
81 Furness Road, Morden England SM4 6P
Accountants
Gordons Knight Ltd 12 South Drive Banstead Surrey England SM7 3BH
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Databet (UK) Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
229 
343 
Current assets
Debtors
115 
376 
Cash at bank and in hand
63,549 
86,695 
63,664 
87,071 
Creditors: amounts falling due within one year
(7,032)
(3,121)
Net current assets
56,632 
83,950 
Net assets
56,861 
84,293 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
56,860 
84,292 
Shareholders' funds
56,861 
84,293 
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 April 2024 and were signed on its behalf by
Robert Malcolm Hutchison Director Company Registration No. 06952646
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Databet (UK) Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Databet (UK) Ltd is a private company, limited by shares, registered in England and Wales, registration number 06952646. The registered office is 81 Furness Road, Morden, England, SM4 6P.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% WDV
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2022
2,549 
At 31 July 2023
2,549 
Depreciation
At 1 August 2022
2,206 
Charge for the year
114 
At 31 July 2023
2,320 
Net book value
At 31 July 2023
229 
At 31 July 2022
343 
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Databet (UK) Ltd Notes to the Accounts for the year ended 31 July 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
115 
376 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
906 
994 
Taxes and social security
631 
965 
Loans from directors
4,607 
1,162 
Accruals
888 
- 
7,032 
3,121 
7
Controlling party
The company's ultimate controlling party is Robert Malcolm Hutchison by virtue of his ownership of 100% of the issued share capital in the company.
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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