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REGISTERED NUMBER: 08659128 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Dexian U.K. Limited

Dexian U.K. Limited (Registered number: 08659128)






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


Dexian U.K. Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M Ahmed
M Ahmed
A D Baldwin





REGISTERED OFFICE: Cannon Place
78 Cannon Street
London
EC4N 6AF





REGISTERED NUMBER: 08659128 (England and Wales)





AUDITORS: Lawrence Johns
Registered Auditors
164 Field End Road
Eastcote
Middlesex
HA5 1RH

Dexian U.K. Limited (Registered number: 08659128)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,502 759

CURRENT ASSETS
Debtors 5 223,936 152,729
Cash at bank 197,587 67,318
421,523 220,047
CREDITORS
Amounts falling due within one year 6 488,262 188,604
NET CURRENT (LIABILITIES)/ASSETS (66,739 ) 31,443
TOTAL ASSETS LESS CURRENT
LIABILITIES

(63,237

)

32,202

CREDITORS
Amounts falling due after more than one year 7 4,962 39,266
NET LIABILITIES (68,199 ) (7,064 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (68,200 ) (7,065 )
SHAREHOLDERS' FUNDS (68,199 ) (7,064 )

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:





M Ahmed - Director


Dexian U.K. Limited (Registered number: 08659128)

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

1. STATUTORY INFORMATION

Dexian U.K. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Dexian U.K. Limited (Registered number: 08659128)

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

2. ACCOUNTING POLICIES - continued

Going concern
In drawing up the accounts the directors were aware of the fact that the company had net current liabilities of £66,739 (2022: net current assets of £31,443) and net liabilities of £68,199 (2022: £7,064). Accordingly, the company is dependent on support from its parent company and creditors. The company has continued to meet its liabilities and related party balances will not be called on for repayment until the company is in a position to be able to repay these balances.

On this basis, the directors believe that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result if the company were unable to continue as a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023 1,000
Additions 3,486
At 31 December 2023 4,486
DEPRECIATION
At 1 January 2023 241
Charge for year 743
At 31 December 2023 984
NET BOOK VALUE
At 31 December 2023 3,502
At 31 December 2022 759

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 132,833 124,749
Amounts owed by group undertakings 73,818 16,869
Other debtors 12,568 -
Prepayments and accrued income 4,717 11,111
223,936 152,729

Dexian U.K. Limited (Registered number: 08659128)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 11,265 471
Amounts owed to group undertakings 225,423 95,335
Tax 29 29
Social security and other taxes 78,041 48,252
Accruals and deferred income 173,504 44,517
488,262 188,604

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Amounts owed to group undertakings 4,962 39,266

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

T M O'Keeffe (Senior Statutory Auditor)
for and on behalf of Lawrence Johns