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REGISTERED NUMBER: 01352164 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

DATA POWERTOOLS LIMITED

DATA POWERTOOLS LIMITED (REGISTERED NUMBER: 01352164)






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


DATA POWERTOOLS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M Dando
L R Dando
N H Dando





SECRETARY: L R Dando





REGISTERED OFFICE: 427 Cowbridge Road West
Ely
Cardiff
CF5 5TF





REGISTERED NUMBER: 01352164 (England and Wales)





ACCOUNTANTS: Arthur Gait & Company Limited
Chartered Certified Accountants
18 Gold Tops
Newport
NP20 5WJ

DATA POWERTOOLS LIMITED (REGISTERED NUMBER: 01352164)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 567,746 576,213

CURRENT ASSETS
Stocks 858,560 832,124
Debtors 5 529,318 494,869
Cash at bank and in hand 270,990 353,099
1,658,868 1,680,092
CREDITORS
Amounts falling due within one year 6 1,019,663 1,057,458
NET CURRENT ASSETS 639,205 622,634
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,206,951

1,198,847

PROVISIONS FOR LIABILITIES 14,596 15,821
NET ASSETS 1,192,355 1,183,026

CAPITAL AND RESERVES
Called up share capital 504 504
Retained earnings 1,191,851 1,182,522
SHAREHOLDERS' FUNDS 1,192,355 1,183,026

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.

DATA POWERTOOLS LIMITED (REGISTERED NUMBER: 01352164)

BALANCE SHEET - continued
31 MARCH 2024


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 9 September 2024 and were signed on its behalf by:





N H Dando - Director


DATA POWERTOOLS LIMITED (REGISTERED NUMBER: 01352164)

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

1. STATUTORY INFORMATION

Data Powertools 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.

The accounts have been prepared on a going concern basis. The directors are confident of a return to profitability in the future. Profit forecasts and cash flow projections look positive and the directors have no significant doubts about the company continuing to trade for the foreseeable future.

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.
Land and buildings - 2% on reducing balance
Plant and machinery etc - 20% on reducing balance, 15% on reducing balance and 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

DATA POWERTOOLS LIMITED (REGISTERED NUMBER: 01352164)

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

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.

Group accounts
Group accounts are not required as it is a small group as defined by the Companies Act. These accounts therefore present information about the company as an individual undertaking and not about its group. The subsidiary company has not traded during the year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 25 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 679,566 203,897 883,463
Additions - 4,144 4,144
At 31 March 2024 679,566 208,041 887,607
DEPRECIATION
At 1 April 2023 172,545 134,705 307,250
Charge for year 2,530 10,081 12,611
At 31 March 2024 175,075 144,786 319,861
NET BOOK VALUE
At 31 March 2024 504,491 63,255 567,746
At 31 March 2023 507,021 69,192 576,213

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 332,357 362,685
Other debtors 196,961 132,184
529,318 494,869

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 789,923 827,780
Taxation and social security 78,203 106,195
Other creditors 151,537 123,483
1,019,663 1,057,458

DATA POWERTOOLS LIMITED (REGISTERED NUMBER: 01352164)

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

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
In more than five years 86,400 68,800