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REGISTERED NUMBER: 07057936 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Datafile Software Solutions Limited

Datafile Software Solutions Limited (Registered number: 07057936)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Datafile Software Solutions Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: C Baum
S J Davies
E E I Kyim





REGISTERED OFFICE: Meadows House
20-22 Queen Street
London
W1J 5PR





REGISTERED NUMBER: 07057936 (England and Wales)





ACCOUNTANTS: Haines Watts
Cliffe Hill House
22-26 Nottingham Road
Stapleford
Nottingham
NG9 8AA

Datafile Software Solutions Limited (Registered number: 07057936)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 12,000
Tangible assets 5 1,620 3,195
1,620 15,195

CURRENT ASSETS
Debtors 6 1,021,791 1,034,321
Cash at bank 624,778 242,114
1,646,569 1,276,435
CREDITORS
Amounts falling due within one year 7 325,891 286,809
NET CURRENT ASSETS 1,320,678 989,626
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,322,298

1,004,821

PROVISIONS FOR LIABILITIES 404 607
NET ASSETS 1,321,894 1,004,214

CAPITAL AND RESERVES
Called up share capital 8 120 120
Retained earnings 1,321,774 1,004,094
SHAREHOLDERS' FUNDS 1,321,894 1,004,214

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 directors acknowledge their 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.

Datafile Software Solutions Limited (Registered number: 07057936)

Balance Sheet - continued
31 December 2023


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 Board of Directors and authorised for issue on 19 August 2024 and were signed on its behalf by:





E E I Kyim - Director


Datafile Software Solutions Limited (Registered number: 07057936)

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

1. STATUTORY INFORMATION

Datafile Software Solutions 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill represents the amount paid in connection with the acquisition of a business in 2013. The total has been fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured as cost less any accumulated amortisation and any accumulated impairment losses.

Patents and Licences are being amortised evenly over their estimated useful life of 10 years.

Development costs have been fully amortised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

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.

Datafile Software Solutions Limited (Registered number: 07057936)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 206,260 201,656 407,916
AMORTISATION
At 1 January 2023 206,260 189,656 395,916
Charge for year - 12,000 12,000
At 31 December 2023 206,260 201,656 407,916
NET BOOK VALUE
At 31 December 2023 - - -
At 31 December 2022 - 12,000 12,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 65,514
Additions 442
At 31 December 2023 65,956
DEPRECIATION
At 1 January 2023 62,319
Charge for year 2,017
At 31 December 2023 64,336
NET BOOK VALUE
At 31 December 2023 1,620
At 31 December 2022 3,195

Datafile Software Solutions Limited (Registered number: 07057936)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 98,603 109,522
Amounts owed by group undertakings 921,736 921,736
Other debtors 1,452 3,063
1,021,791 1,034,321

Intercompany debtors are deemed to be repayable on demand.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 1,811 2,059
Taxation and social security 133,669 95,271
Other creditors 190,411 189,479
325,891 286,809

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
50 Ordinary £1 50 50
50 A Ordinary £1 50 50
20 B Ordinary £1 20 20
120 120

9. ULTIMATE CONTROLLING PARTY

Throughout the year the company was a fully owned subsidiary of Vicen Software Group Limited, the immediate controlling party. The Company is not deemed to have an ultimate controlling party.