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REGISTERED NUMBER: 03457789 (England and Wales)















Report of the Directors and

Financial Statements for the Year Ended 31 December 2023

for

DATABASE PROFESSIONAL SERVICES LIMITED

DATABASE PROFESSIONAL SERVICES LIMITED (Registered number: 03457789)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


DATABASE PROFESSIONAL SERVICES LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: K Dhankot
A DHANKOT





SECRETARY: K Dhankot





REGISTERED OFFICE: 45 RADSTOCK AVENUE
KENTON
HARROW
HA3 8PE





REGISTERED NUMBER: 03457789 (England and Wales)





ACCOUNTANTS: B MEHTA & CO
102
STREATFIELD ROAD
HARROW
Middlesex
HA3 9BT

DATABASE PROFESSIONAL SERVICES LIMITED (Registered number: 03457789)

Report of the Directors
for the Year Ended 31 December 2023

The directors present their report with the financial statements of the company for the year ended 31 December 2023.

INCORPORATION
The company was incorporated on 30 October 1997 and commenced trading on the same date.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2023 to the date of this report.

K Dhankot
A DHANKOT

Both the directors, being eligible, offer themselves for election at the forthcoming first Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





K Dhankot - Director


31 August 2024

DATABASE PROFESSIONAL SERVICES LIMITED (Registered number: 03457789)

Income Statement
for the Year Ended 31 December 2023

Notes £   

TURNOVER -

Administrative expenses 1,636
OPERATING LOSS 4 (1,636 )

Interest receivable and similar income 103
LOSS BEFORE TAXATION (1,533 )

Tax on loss -
LOSS FOR THE FINANCIAL YEAR (1,533 )

DATABASE PROFESSIONAL SERVICES LIMITED (Registered number: 03457789)

Balance Sheet
31 December 2023

Notes £    £   
FIXED ASSETS
Tangible assets 5 607,314

CURRENT ASSETS
Cash at bank 914

CREDITORS
Amounts falling due within one year 6 527,069
NET CURRENT LIABILITIES (526,155 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

81,159

CAPITAL AND RESERVES
Called up share capital 2
Retained earnings 81,157
81,159

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2024 and were signed on its behalf by:





K Dhankot - Director


DATABASE PROFESSIONAL SERVICES LIMITED (Registered number: 03457789)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

DATABASE PROFESSIONAL SERVICES 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL.

4. OPERATING LOSS

The operating loss is stated after charging:

£   
Depreciation - owned assets 5

DATABASE PROFESSIONAL SERVICES LIMITED (Registered number: 03457789)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 - 841 841
Additions 607,311 - 607,311
At 31 December 2023 607,311 841 608,152
DEPRECIATION
At 1 January 2023 - 833 833
Charge for year - 5 5
At 31 December 2023 - 838 838
NET BOOK VALUE
At 31 December 2023 607,311 3 607,314
At 31 December 2022 - 8 8

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 527,069