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REGISTERED NUMBER: 07257316 (England and Wales)





FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

DEVICE ACCESS UK LTD

DEVICE ACCESS UK LTD (REGISTERED NUMBER: 07257316)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DEVICE ACCESS UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: M J Branagan-Harris
B K Haeussler





SECRETARY: Mrs A Branagan-Harris





REGISTERED OFFICE: University of Southampton Science Park
Enterprise Road
Chilworth
Southampton
SO16 7NS





REGISTERED NUMBER: 07257316 (England and Wales)





AUDITORS: Martin and Company Audit Limited
Chartered Accountants
and Statutory Auditors
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

DEVICE ACCESS UK LTD (REGISTERED NUMBER: 07257316)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,150 1,150
Tangible assets 5 43,148 32,730
44,298 33,880

CURRENT ASSETS
Debtors 6 207,744 480,261
Cash at bank 78,776 13,412
286,520 493,673
CREDITORS
Amounts falling due within one year 7 197,487 99,167
NET CURRENT ASSETS 89,033 394,506
TOTAL ASSETS LESS CURRENT
LIABILITIES

133,331

428,386

CREDITORS
Amounts falling due after more than one
year

8

32,965

18,756
NET ASSETS 100,366 409,630

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 100,266 409,530
SHAREHOLDERS' FUNDS 100,366 409,630

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 28th August 2024 and were signed on its behalf by:





M J Branagan-Harris - Director


DEVICE ACCESS UK LTD (REGISTERED NUMBER: 07257316)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

Device Access Uk Ltd 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.

Turnover is adjusted for amounts invoiced in advance of the work being undertaken.

Intangible assets
Intangible assets relate to trademarks acquired and are accounted for at cost. Amortisation is not charged as any charge will be immaterial. An annual impairment review is undertaken and any impairment losses recognised.

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

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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.


DEVICE ACCESS UK LTD (REGISTERED NUMBER: 07257316)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


2. ACCOUNTING POLICIES - continued
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.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, and . the company will continue to be supported by the parent company if required. Therefore, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st January 2023
and 31st December 2023 1,150
NET BOOK VALUE
At 31st December 2023 1,150
At 31st December 2022 1,150

DEVICE ACCESS UK LTD (REGISTERED NUMBER: 07257316)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2023 94,836
Additions 45,146
Disposals (27,124 )
At 31st December 2023 112,858
DEPRECIATION
At 1st January 2023 62,106
Charge for year 14,385
Eliminated on disposal (6,781 )
At 31st December 2023 69,710
NET BOOK VALUE
At 31st December 2023 43,148
At 31st December 2022 32,730

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 159,038 286,681
Amounts owed by group undertakings - 129,909
Other debtors 48,706 63,671
207,744 480,261

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 5,483 4,023
Trade creditors 71,519 67,942
Amounts owed to group undertakings 74,766 -
Taxation and social security 14,164 7,419
Other creditors 31,555 19,783
197,487 99,167

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 32,965 18,756

DEVICE ACCESS UK LTD (REGISTERED NUMBER: 07257316)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
20 Ordinary A £1 20 20
80 Ordinary B £1 80 80
100 100

During the year the share capital was redesignated into A and B Ordinary shares.

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

The Report of the Auditors was unqualified.

David Barr FCA (Senior Statutory Auditor)
for and on behalf of Martin and Company Audit Limited

11. OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £13,689 (2022 - £24,695).

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2023 and 31st December 2022:

2023 2022
£    £   
M J Branagan-Harris
Balance outstanding at start of year - 1,931
Amounts advanced 200 -
Amounts repaid - (1,931 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 200 -

13. ULTIMATE PARENT ENTITY

The company's ultimate holding company is IGES Insitut GmbH. Registered office: Friedrichstrasse 18010117 Berlin Germany.