Registered number
11662964
Datalytix Ltd
Unaudited Filleted Accounts
31 March 2024
Datalytix Ltd
Registered number: 11662964
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 807 677
Current assets
Debtors 4 13,430 9,926
Cash at bank and in hand 14,103 9,157
27,533 19,083
Creditors: amounts falling due within one year 5 (27,893) (15,466)
Net current (liabilities)/assets (360) 3,617
Total assets less current liabilities 447 4,294
Provisions for liabilities (214) (179)
Net assets 233 4,115
Capital and reserves
Called up share capital 2 2
Profit and loss account 231 4,113
Shareholders' funds 233 4,115
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Stephen John Alexander Parry
Director
Approved by the board on 3 June 2024
Datalytix Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer Equipment 33.33% Straight Line
Fixtures, Fittings & Equipment 25% Straight Line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Computer Equipment, Fixtures, Fittings and Equipment
£
Cost
At 1 April 2023 2,872
Additions 704
At 31 March 2024 3,576
Depreciation
At 1 April 2023 2,195
Charge for the year 574
At 31 March 2024 2,769
Net book value
At 31 March 2024 807
At 31 March 2023 677
4 Debtors 2024 2023
£ £
Trade debtors 13,430 9,965
Bad debt provision - (39)
13,430 9,926
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 24,093 13,414
Other creditors 3,800 2,052
27,893 15,466
6 Related party transactions
None Noted.
7 Transactions with Directors
During the year, Director Stephen Parry, used a current account with the company to record amounts due to him and amounts drawn by him. The account shows an amount owing back to Stephen Parry as director as at 31st March 2024 of £2,805.04 (2023: £131.77).

During the year, Director Kim Parry, used a current account with the company to record amounts due to her and amounts drawn by her. The account shows an amount owing back to Kim Parry as director as at 31st March 2024 of £NIL (2023: £974.66).
8 Controlling party
Mr Stephen Parry owns 50% of the share capital of the company and Mrs Kim Parry owns 50% of the share capital of the company. Therefore, they are jointly the company's ultimate controlling party.
9 Other information
Datalytix Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is:
Unit 4 Riverside Business Centre
New Road
Crickhowell
Wales
NP8 1AY
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