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REGISTERED NUMBER: 03726722 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

DATECH SCIENTIFIC LIMITED

DATECH SCIENTIFIC LIMITED (REGISTERED NUMBER: 03726722)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DATECH SCIENTIFIC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr P D Clarke
Mr A J Housley





SECRETARY: Mr A J Housley





REGISTERED OFFICE: 2 Wortley Road
Deepcar
Sheffield
South Yorkshire
S36 2UZ





REGISTERED NUMBER: 03726722 (England and Wales)





ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB

DATECH SCIENTIFIC LIMITED (REGISTERED NUMBER: 03726722)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 39,953 56,384
39,953 56,384

CURRENT ASSETS
Stocks 19,463 16,419
Debtors 6 150,880 125,203
Cash at bank and in hand 319,039 310,174
489,382 451,796
CREDITORS
Amounts falling due within one year 7 214,682 212,762
NET CURRENT ASSETS 274,700 239,034
TOTAL ASSETS LESS CURRENT LIABILITIES 314,653 295,418

CREDITORS
Amounts falling due after more than
one year

8

(69,849

)

(84,004

)

PROVISIONS FOR LIABILITIES (9,988 ) (10,713 )
NET ASSETS 234,816 200,701

CAPITAL AND RESERVES
Called up share capital 10 60 55
Capital redemption reserve 2 2
Treasury shares 40 45
Retained earnings 234,714 200,599
SHAREHOLDERS' FUNDS 234,816 200,701

DATECH SCIENTIFIC LIMITED (REGISTERED NUMBER: 03726722)

BALANCE SHEET - continued
31 MARCH 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 25 July 2024 and were signed on its behalf by:





Mr P D Clarke - Director


DATECH SCIENTIFIC LIMITED (REGISTERED NUMBER: 03726722)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Datech Scientific 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Significant judgements and estimates
No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

Turnover from the sale of laboratory equipment is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods..

Goodwill
Acquired goodwill is written off in equal installments over its estimated useful economic life.

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

DATECH SCIENTIFIC LIMITED (REGISTERED NUMBER: 03726722)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery - 25% reducing balance
Motor vehicles - 25% reducing balance
Office equipment - 25% reducing balance

Stocks
Stocks are stated at the lower of costs and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.

DATECH SCIENTIFIC LIMITED (REGISTERED NUMBER: 03726722)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

DATECH SCIENTIFIC LIMITED (REGISTERED NUMBER: 03726722)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023 90,000
Disposals (90,000 )
At 31 March 2024 -
AMORTISATION
At 1 April 2023 90,000
Eliminated on disposal (90,000 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 23,184 6,753 80,272 110,209
Additions - - 4,938 4,938
Disposals (23,184 ) - (11,183 ) (34,367 )
At 31 March 2024 - 6,753 74,027 80,780
DEPRECIATION
At 1 April 2023 22,133 5,828 25,864 53,825
Charge for year - 461 13,163 13,624
Eliminated on disposal (22,133 ) - (4,489 ) (26,622 )
At 31 March 2024 - 6,289 34,538 40,827
NET BOOK VALUE
At 31 March 2024 - 464 39,489 39,953
At 31 March 2023 1,051 925 54,408 56,384

DATECH SCIENTIFIC LIMITED (REGISTERED NUMBER: 03726722)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 74,027
DEPRECIATION
At 1 April 2023 21,375
Charge for year 13,163
At 31 March 2024 34,538
NET BOOK VALUE
At 31 March 2024 39,489
At 31 March 2023 52,652

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 148,168 118,411
Other debtors 2,712 6,792
150,880 125,203

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 5,000 5,000
Hire purchase contracts 9,155 9,155
Trade creditors 20,416 54,385
Corporation tax 32,611 23,848
Social security and other taxes 3,507 3,446
VAT 83,086 51,903
Other creditors 13,140 13,662
Accruals and deferred income 47,767 51,363
214,682 212,762

DATECH SCIENTIFIC LIMITED (REGISTERED NUMBER: 03726722)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 5,000 5,000
Bank loans - 2-5 years 15,000 15,000
Bank loans more 5 yr by instal 10,833 15,833
Hire purchase contracts 39,016 48,171
69,849 84,004

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,833 15,833

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 48,171 57,326

The hire purchase liability is secured on the assets concerned.

DATECH SCIENTIFIC LIMITED (REGISTERED NUMBER: 03726722)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1 B Ordinary £1 1 -
49 A Ordinary £1 49 49
1 C Ordinary £1 1 1
9 E Ordinary £1 9 5
60 55

Allotted and issued:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1 B Ordinary £1 1 -

The following shares were issued during the year:

5 E Ordinary shares of £1 for cash of £ 7,500

11. RELATED PARTY DISCLOSURES



31.03.2431.03.23
£   £   
Amounts sold to related parties23,3219,832
Amounts due from related parties2,712-
Amounts purchased from related parties40,89733,008
Amounts due to related parties3,754186