Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-30false102022-10-01Computer support and service10truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04293239 2022-10-01 2023-09-30 04293239 2021-10-01 2022-09-30 04293239 2023-09-30 04293239 2022-09-30 04293239 2021-10-01 04293239 c:Director1 2022-10-01 2023-09-30 04293239 c:Director3 2022-10-01 2023-09-30 04293239 c:Director4 2022-10-01 2023-09-30 04293239 c:RegisteredOffice 2022-10-01 2023-09-30 04293239 d:PlantMachinery 2022-10-01 2023-09-30 04293239 d:PlantMachinery 2023-09-30 04293239 d:PlantMachinery 2022-09-30 04293239 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 04293239 d:MotorVehicles 2022-10-01 2023-09-30 04293239 d:MotorVehicles 2023-09-30 04293239 d:MotorVehicles 2022-09-30 04293239 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 04293239 d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 04293239 d:CurrentFinancialInstruments 2023-09-30 04293239 d:CurrentFinancialInstruments 2022-09-30 04293239 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 04293239 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 04293239 d:ShareCapital 2022-10-01 2023-09-30 04293239 d:ShareCapital 2023-09-30 04293239 d:ShareCapital 2021-10-01 2022-09-30 04293239 d:ShareCapital 2022-09-30 04293239 d:ShareCapital 2021-10-01 04293239 d:CapitalRedemptionReserve 2022-10-01 2023-09-30 04293239 d:CapitalRedemptionReserve 2023-09-30 04293239 d:CapitalRedemptionReserve 2021-10-01 2022-09-30 04293239 d:CapitalRedemptionReserve 2022-09-30 04293239 d:CapitalRedemptionReserve 2021-10-01 04293239 d:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 04293239 d:RetainedEarningsAccumulatedLosses 2023-09-30 04293239 d:RetainedEarningsAccumulatedLosses 2021-10-01 2022-09-30 04293239 d:RetainedEarningsAccumulatedLosses 2022-09-30 04293239 d:RetainedEarningsAccumulatedLosses 2021-10-01 04293239 c:OrdinaryShareClass1 2022-10-01 2023-09-30 04293239 c:OrdinaryShareClass1 2023-09-30 04293239 c:OrdinaryShareClass1 2022-09-30 04293239 c:FRS102 2022-10-01 2023-09-30 04293239 c:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 04293239 c:FullAccounts 2022-10-01 2023-09-30 04293239 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 04293239 2 2022-10-01 2023-09-30 04293239 6 2022-10-01 2023-09-30 04293239 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 04293239 d:AcceleratedTaxDepreciationDeferredTax 2022-09-30 04293239 e:PoundSterling 2022-10-01 2023-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04293239










DIGITAL NETWORK SOLUTIONS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
DIGITAL NETWORK SOLUTIONS LTD
 
 
COMPANY INFORMATION


Directors
Mr T B Leaney 
Mrs M C Leaney 
Mr J B Forster 




Registered number
04293239



Registered office
102 Hellesdon Park Road

Norwich

Norfolk

NR6 5DR




Accountants
MA Partners LLP
Chartered Accountants

12 Church Street

Cromer

Norfolk

NR27 9ER





 
DIGITAL NETWORK SOLUTIONS LTD
 

CONTENTS



Page
Accountants' Report
 
1
Balance Sheet
 
2 - 3
Statement of Changes in Equity
 
4 - 5
Notes to the Financial Statements
 
6 - 12


 
DIGITAL NETWORK SOLUTIONS LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF DIGITAL NETWORK SOLUTIONS LTD
FOR THE YEAR ENDED 30 SEPTEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Digital Network Solutions Ltd for the year ended 30 September 2023 which comprise  the Balance Sheet, the Statement of Changes in Equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Digital Network Solutions Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Digital Network Solutions Ltd and state those matters that we have agreed to state to the Board of Directors of Digital Network Solutions Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Digital Network Solutions Ltd and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Digital Network Solutions Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Digital Network Solutions Ltd. You consider that Digital Network Solutions Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Digital Network Solutions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MA Partners LLP
 
Chartered Accountants
  
12 Church Street
Cromer
Norfolk
NR27 9ER
23 April 2024
Page 1

 
DIGITAL NETWORK SOLUTIONS LTD
REGISTERED NUMBER: 04293239

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
55,950
59,696

Investments
 5 
60
60

  
56,010
59,756

Current assets
  

Stocks
  
4,009
3,644

Debtors: amounts falling due within one year
 6 
111,592
104,693

Cash at bank and in hand
 7 
326,608
215,943

  
442,209
324,280

Creditors: amounts falling due within one year
 8 
(109,680)
(70,164)

Net current assets
  
 
 
332,529
 
 
254,116

Total assets less current liabilities
  
388,539
313,872

Provisions for liabilities
  

Deferred tax
 9 
(13,989)
(11,343)

  
 
 
(13,989)
 
 
(11,343)

Net assets
  
374,550
302,529

Page 2

 
DIGITAL NETWORK SOLUTIONS LTD
REGISTERED NUMBER: 04293239
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Capital and reserves
  

Share capital
  
95
95

Capital redemption reserve
  
5
5

Profit and loss account
  
374,450
302,429

  
374,550
302,529


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 April 2024.




Mr T B Leaney
Director

The notes on pages 6 to 12 form part of these financial statements.

Page 3

 
DIGITAL NETWORK SOLUTIONS LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2023


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£

At 1 October 2022
95
5
302,429
302,529


Comprehensive income for the year

Profit for the year

-
-
144,021
144,021


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
144,021
144,021


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(72,000)
(72,000)


Total transactions with owners
-
-
(72,000)
(72,000)


At 30 September 2023
95
5
374,450
374,550


The notes on pages 6 to 12 form part of these financial statements.

Page 4

 
DIGITAL NETWORK SOLUTIONS LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2022


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£

At 1 October 2021
95
5
292,063
292,163


Comprehensive income for the year

Profit for the year

-
-
59,416
59,416


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
59,416
59,416


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(49,050)
(49,050)


Total transactions with owners
-
-
(49,050)
(49,050)


At 30 September 2022
95
5
302,429
302,529


The notes on pages 6 to 12 form part of these financial statements.

Page 5

 
DIGITAL NETWORK SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

Digital Network Solutions Ltd is a private company, limited by shares, incorporated and domiciled in England and Wales. The registered office is 102 Hellesdon Park Road, Norwich, Norfolk, NR6 5DR. 
The Company's principal activities are that of computer support and services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services
Revenue from a contract to provide computer support and services are recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 6

 
DIGITAL NETWORK SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

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

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 7

 
DIGITAL NETWORK SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 8

 
DIGITAL NETWORK SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2022 - 10).

Page 9

 
DIGITAL NETWORK SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 October 2022
142,403
28,400
170,803


Additions
14,978
-
14,978



At 30 September 2023

157,381
28,400
185,781



Depreciation


At 1 October 2022
104,007
7,100
111,107


Charge for the year on owned assets
13,399
5,325
18,724



At 30 September 2023

117,406
12,425
129,831



Net book value



At 30 September 2023
39,975
15,975
55,950



At 30 September 2022
38,396
21,300
59,696


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 October 2022
60



At 30 September 2023
60




Page 10

 
DIGITAL NETWORK SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

6.


Debtors

2023
2022
£
£


Trade debtors
105,564
99,217

Amounts owed by joint ventures and associated undertakings
5,000
5,000

Prepayments and accrued income
1,028
476

111,592
104,693



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
326,608
215,943

326,608
215,943



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
7,469
7,843

Corporation tax
41,499
9,891

Other taxation and social security
42,097
32,963

Other creditors
17,040
17,967

Accruals and deferred income
1,575
1,500

109,680
70,164


Page 11

 
DIGITAL NETWORK SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

9.


Deferred taxation




2023


£






At beginning of year
(11,343)


Charged to profit or loss
(2,646)



At end of year
(13,989)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(13,989)
(11,343)

(13,989)
(11,343)


10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



95 (2022 - 95) Ordinary shares of £1.00 each
95
95



11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £12,665 (2022: £42,151). 


12.


Related party transactions

Digital Network Solutions Ltd bought goods/services for a total of £34,047 (2022: £32,116) from Red 5 Networks Ltd (its subsidiary) and made sales of goods/services to the same company totalling £55,299 (2022: £78,096) of which £462 was owed to the company at the year end.

 
Page 12