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Company Registration No. 07034303 (England and Wales)
DTX SOLUTIONS LTD Unaudited accounts for the year ended 31 January 2024
DTX SOLUTIONS LTD Unaudited accounts Contents
Page
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DTX SOLUTIONS LTD Company Information for the year ended 31 January 2024
Directors
DANIEL TOMASSI LOUISE TOMASSI
Company Number
07034303 (England and Wales)
Registered Office
UNIT 3 HORTON PLACE HORTONS WAY WESTERHAM KENT TN16 1BT UK
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DTX SOLUTIONS LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
1,535 
3,810 
Tangible assets
26,545 
30,229 
28,080 
34,039 
Current assets
Inventories
111,259 
118,821 
Debtors
428,000 
474,258 
Cash at bank and in hand
275,235 
174,173 
814,494 
767,252 
Creditors: amounts falling due within one year
(365,954)
(401,881)
Net current assets
448,540 
365,371 
Total assets less current liabilities
476,620 
399,410 
Creditors: amounts falling due after more than one year
(33,412)
(58,417)
Provisions for liabilities
Deferred tax
(12,222)
(10,240)
Other provisions
(48,000)
(48,815)
(60,222)
(59,055)
Net assets
382,986 
281,938 
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DTX SOLUTIONS LTD Statement of financial position as at 31 January 2024 (continued)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
382,985 
281,937 
Shareholders' funds
382,986 
281,938 
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by
DANIEL TOMASSI Director Company Registration No. 07034303
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DTX SOLUTIONS LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
DTX SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 07034303. The registered office is UNIT 3, HORTON PLACE, HORTONS WAY, WESTERHAM, KENT, TN16 1BT, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the financial year, exclusive of Value Added Tax. With regard to long-term contracts and contracts for ongoing services, turnover represents the value of work done during the year, including estimates for amounts not invoiced, and is recognised according to the stage of completion.
Tangible fixed assets policy
Tangible assets are depreciated on a straight line basis at an annual rate of 25% calculated on a daily basis, so as to write off the cost of the assets, less their expected residual value, over their estimated period of economic use. Website development is depreciated on a straight line basis at an annual rate of 50%, calculated on a daily basis, so as to write off the costs of the website over its estimated period of economic use. Website maintenance costs are written off to the profit and loss account as and when they are incurred. Assets no longer used are written off in the year in which they cease to have any economic value. Fixed assets are stated at their cost values less accumulated depreciation and any amounts written off in respect of diminutions in value.
Stocks
Stock is valued at the lower of cost and net realisable value and calculated on a first-in first-out basis. Where applicable it includes import duties, freight charges and other costs incurred in bringing it to its current condition and location.
Leased assets
Rentals applicable to operating leases where substantially all the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Deferred taxation
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 accounts. 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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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DTX SOLUTIONS LTD Notes to the Accounts for the year ended 31 January 2024
Onerous contracts
The company provides for estimated future losses on all contracts that are known to have become onerous by the end of the financial year insofar that anticipated outgoings will exceed the economic benefits of completing the contract under the terms agreed.
Intangible fixed assets
Intangible fixed assets comprise legal fees and alterations to leasehold property and are amortised at the rate of 20% per annum.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 February 2023
7,350 
At 31 January 2024
7,350 
Amortisation
At 1 February 2023
3,540 
Charge for the year
2,275 
At 31 January 2024
5,815 
Net book value
At 31 January 2024
1,535 
At 31 January 2023
3,810 
Intangible fixed assets comprise legal fees and alterations to leasehold property
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
73,870 
6,268 
17,965 
98,103 
Additions
4,417 
176 
5,071 
9,664 
Disposals
(744)
(357)
(4,248)
(5,349)
At 31 January 2024
77,543 
6,087 
18,788 
102,418 
Depreciation
At 1 February 2023
53,970 
4,642 
9,262 
67,874 
Charge for the year
7,451 
695 
3,287 
11,433 
On disposals
(592)
(150)
(2,692)
(3,434)
At 31 January 2024
60,829 
5,187 
9,857 
75,873 
Net book value
At 31 January 2024
16,714 
900 
8,931 
26,545 
At 31 January 2023
19,900 
1,626 
8,703 
30,229 
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DTX SOLUTIONS LTD Notes to the Accounts for the year ended 31 January 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
11,819 
16,097 
Trade debtors
301,972 
384,129 
Accrued income and prepayments
114,193 
71,941 
Other debtors
16 
2,091 
428,000 
474,258 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
24,960 
26,919 
Trade creditors
160,220 
235,028 
Taxes and social security
83,432 
51,790 
Other creditors
4,031 
2,937 
Loans from directors
2,089 
41,070 
Accruals
91,222 
44,137 
365,954 
401,881 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
33,412 
58,417 
9
Provisions for liabilities
£ 
At 1 February 2023
48,815 
Additional provisions made during the period
48,000 
Provisions used
(48,815)
At 31 January 2024
48,000 
A general provision of £48,000 has ben made for potential bad debts.
10
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £0.001 each
1 
1 
11
Pension commitments
The company had an obligation to contribute the sum of £2,033 (2023: £1,959) towards employees pensions at the end of the financial year.
12
Controlling party
The company is controlled by Mr & Mrs Tomassi, who are the sole directors and shareholders.
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DTX SOLUTIONS LTD Notes to the Accounts for the year ended 31 January 2024
13
Average number of employees
During the year the average number of employees was 13 (2023: 14).
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