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REGISTERED NUMBER: 11709897 (England and Wales)





















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Decipher Innovation Limited

Decipher Innovation Limited (Registered number: 11709897)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Decipher Innovation Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: S R Bailey





REGISTERED OFFICE: 1 Woodbridge Road
Ipswich
Suffolk
IP4 2EA





REGISTERED NUMBER: 11709897 (England and Wales)





ACCOUNTANTS: Pinfold & Co
8 Deben Mill Business Centre
Old Maltings Approach
Woodbridge
Suffolk
IP12 1BL

Decipher Innovation Limited (Registered number: 11709897)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Debtors 4 106,704 123,780
Cash at bank 47,356 32,858
154,060 156,638
CREDITORS
Amounts falling due within one year 5 580,552 529,854
NET CURRENT LIABILITIES (426,492 ) (373,216 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(426,492

)

(373,216

)

CREDITORS
Amounts falling due after more than one
year

6

19,167

29,167
NET LIABILITIES (445,659 ) (402,383 )

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings (445,661 ) (402,385 )
SHAREHOLDERS' FUNDS (445,659 ) (402,383 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 17 July 2024 and were signed by:




S R Bailey - Director


Decipher Innovation Limited (Registered number: 11709897)

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

1. STATUTORY INFORMATION

Decipher Innovation Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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
The turnover represents net invoiced sales of goods, excluding value added tax, arising from digital technologies.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Depreciation
Depreciation has been recharged to the the company from other group members.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 9 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 95,107 107,066
Other debtors - 14,817
Prepayments and accrued income 11,597 1,897
106,704 123,780

Decipher Innovation Limited (Registered number: 11709897)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 15,568 17,347
Social security and other taxes 11,387 14,285
Pension payable 1,516 2,029
VAT 14,001 6,309
Other creditors 495,381 448,345
Accruals and deferred income 32,699 31,539
580,552 529,854

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 9,167 19,167
19,167 29,167

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
2 Ordinary £1 2 2

8. RELATED PARTY DISCLOSURES

Jacob Bailey Limited


31.12.23 31.12.22
£    £   
Amount due to related party at the balance sheet date 45,520 46,723

Jacob Bailey Group Limited


31.12.23 31.12.22
£    £   
Amount due to related party at the balance sheet date 286,893 245,578