Silverfin false false 30/04/2024 01/05/2023 30/04/2024 John Craig Stephenson 05/01/2024 03 September 2024 The principal activity of the Company during the financial year was net zero data analytics consultancy. 09506624 2024-04-30 09506624 bus:Director1 2024-04-30 09506624 2023-04-30 09506624 core:CurrentFinancialInstruments 2024-04-30 09506624 core:CurrentFinancialInstruments 2023-04-30 09506624 core:Non-currentFinancialInstruments 2024-04-30 09506624 core:Non-currentFinancialInstruments 2023-04-30 09506624 core:ShareCapital 2024-04-30 09506624 core:ShareCapital 2023-04-30 09506624 core:RetainedEarningsAccumulatedLosses 2024-04-30 09506624 core:RetainedEarningsAccumulatedLosses 2023-04-30 09506624 core:ComputerSoftware 2023-04-30 09506624 core:ComputerSoftware 2024-04-30 09506624 core:ComputerEquipment 2023-04-30 09506624 core:ComputerEquipment 2024-04-30 09506624 bus:OrdinaryShareClass1 2024-04-30 09506624 2023-05-01 2024-04-30 09506624 bus:FilletedAccounts 2023-05-01 2024-04-30 09506624 bus:SmallEntities 2023-05-01 2024-04-30 09506624 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 09506624 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09506624 bus:Director1 2023-05-01 2024-04-30 09506624 core:ComputerSoftware core:TopRangeValue 2023-05-01 2024-04-30 09506624 core:ComputerEquipment core:TopRangeValue 2023-05-01 2024-04-30 09506624 2022-05-01 2023-04-30 09506624 core:ComputerSoftware 2023-05-01 2024-04-30 09506624 core:ComputerEquipment 2023-05-01 2024-04-30 09506624 core:Non-currentFinancialInstruments 2023-05-01 2024-04-30 09506624 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 09506624 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09506624 (England and Wales)

DOTTED EYES SOLUTIONS LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

DOTTED EYES SOLUTIONS LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

DOTTED EYES SOLUTIONS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 April 2024
DOTTED EYES SOLUTIONS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 5,440 10,881
Tangible assets 4 4,086 0
9,526 10,881
Current assets
Debtors 5 131,402 96,703
Cash at bank and in hand 96,768 113,571
228,170 210,274
Creditors: amounts falling due within one year 6 ( 253,577) ( 353,168)
Net current liabilities (25,407) (142,894)
Total assets less current liabilities (15,881) (132,013)
Creditors: amounts falling due after more than one year 7 ( 185,317) 0
Net liabilities ( 201,198) ( 132,013)
Capital and reserves
Called-up share capital 8 133 133
Profit and loss account ( 201,331 ) ( 132,146 )
Total shareholders' deficit ( 201,198) ( 132,013)

For the financial year ending 30 April 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 financial statements of Dotted Eyes Solutions Limited (registered number: 09506624) were approved and authorised for issue by the Director on 03 September 2024. They were signed on its behalf by:

John Craig Stephenson
Director
DOTTED EYES SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
DOTTED EYES SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Dotted Eyes Solutions Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1 - 3 College Yard, Worcester, WR1 2LB, England, United Kingdom. The principal place of business is 55 Colmore Row, Birmingham, B3 2AA.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software 4 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Computer equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 7 9

3. Intangible assets

Computer software Total
£ £
Cost
At 01 May 2023 59,495 59,495
At 30 April 2024 59,495 59,495
Accumulated amortisation
At 01 May 2023 48,614 48,614
Charge for the financial year 5,441 5,441
At 30 April 2024 54,055 54,055
Net book value
At 30 April 2024 5,440 5,440
At 30 April 2023 10,881 10,881

4. Tangible assets

Computer equipment Total
£ £
Cost
At 01 May 2023 0 0
Additions 4,561 4,561
At 30 April 2024 4,561 4,561
Accumulated depreciation
At 01 May 2023 0 0
Charge for the financial year 475 475
At 30 April 2024 475 475
Net book value
At 30 April 2024 4,086 4,086
At 30 April 2023 0 0

5. Debtors

2024 2023
£ £
Trade debtors 69,264 42,166
Prepayments 5,402 8,291
Deferred tax asset 56,736 35,099
Corporation tax 0 10,897
Other debtors 0 250
131,402 96,703

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 16,639 119,420
Accruals 145,803 119,398
Other taxation and social security 24,342 26,232
Other creditors 66,793 88,118
253,577 353,168

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other creditors 185,317 0

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
13,333 Ordinary shares of £ 0.01 each 133 133

9. Related party transactions

Transactions with owners holding a participating interest in the entity

2024 2023
£ £
Amounts owed to companies with shareholders in common (250,000) (84,020)

A loan for £15,014 from a company under common ownership to Dotted Eyes Solutions Limited has also been written off within the year and included as other operating income.