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
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
DTX SOLUTIONS LTD
Statement of financial position
as at 31 January 2024
Intangible assets
1,535
3,810
Tangible assets
26,545
30,229
Inventories
111,259
118,821
Cash at bank and in hand
275,235
174,173
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)
Net assets
382,986
281,938
DTX SOLUTIONS LTD
Statement of financial position
as at 31 January 2024 (continued)
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
DTX SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 January 2024
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.
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.
The accounts have been prepared under the historical cost convention.
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.
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.
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 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.
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.
DTX SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 January 2024
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 comprise legal fees and alterations to leasehold property and are amortised at the rate of 20% per annum.
4
Intangible fixed assets
Other
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
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
At 31 January 2024
16,714
900
8,931
26,545
At 31 January 2023
19,900
1,626
8,703
30,229
DTX SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
Trade debtors
301,972
384,129
Accrued income and prepayments
114,193
71,941
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
8
Creditors: amounts falling due after more than one year
2024
2023
9
Provisions for liabilities
£
Additional provisions made during the period
48,000
A general provision of £48,000 has ben made for potential bad debts.
Allotted, called up and fully paid:
1,000 Ordinary shares of £0.001 each
1
1
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.
The company is controlled by Mr & Mrs Tomassi, who are the sole directors and shareholders.
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).