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Registration number: 02590490

DataTecnix Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

DataTecnix Limited

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 5

 

DataTecnix Limited

(Registration number: 02590490)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

3,282

2,111

Current assets

 

Debtors

5

53,745

49,465

Cash at bank and in hand

 

124,613

124,814

 

178,358

174,279

Creditors: Amounts falling due within one year

6

(114,419)

(109,741)

Net current assets

 

63,939

64,538

Net assets

 

67,221

66,649

Capital and reserves

 

Called up share capital

10,000

10,000

Retained earnings

57,221

56,649

Shareholders' funds

 

67,221

66,649

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 13 August 2024
 

.........................................
Mr F Murphy
Director

 

DataTecnix Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Old Well Cottage
Alleyns Lane
Cookham Dean
Berkshire
SL6 9AD
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of computer systems and support services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable.

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

DataTecnix Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

25% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

DataTecnix Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 3).

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 April 2023

8,983

8,983

Additions

2,715

2,715

Disposals

(628)

(628)

At 31 March 2024

11,070

11,070

Depreciation

At 1 April 2023

6,872

6,872

Charge for the year

1,544

1,544

Eliminated on disposal

(628)

(628)

At 31 March 2024

7,788

7,788

Carrying amount

At 31 March 2024

3,282

3,282

At 31 March 2023

2,111

2,111

5

Debtors

Current

2024
£

2023
£

Trade debtors

51,400

45,577

Prepayments

385

1,734

Other debtors

1,960

2,154

 

53,745

49,465

 

DataTecnix Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

23

-

Taxation and social security

25,390

23,699

Other creditors

89,006

86,042

114,419

109,741

7

Related party transactions

Other transactions with directors

The director F Murphy had a loan account with the company. At the year end the amount due from/(to) F Murphy was £1,960. (2023: £239)