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REGISTERED NUMBER: 04296038 (England and Wales)















DAOTEC LTD

Unaudited Financial Statements

for the Year Ended 31 December 2023






DAOTEC LTD (REGISTERED NUMBER: 04296038)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAOTEC LTD

Company Information
for the year ended 31 December 2023







Directors: O Jura
P Krapfl





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 04296038 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

DAOTEC LTD (REGISTERED NUMBER: 04296038)

Balance Sheet
31 December 2023

2023 2022
Notes
Fixed assets
Intangible assets 4 165,316 197,674
Tangible assets 5 11,000 22,000
176,316 219,674

Current assets
Debtors 6 833,388 1,106,290
Cash at bank and in hand 414,390 971,551
1,247,778 2,077,841
Creditors
Amounts falling due within one year 7 (420,111 ) (1,297,506 )
Net current assets 827,667 780,335
Total assets less current liabilities 1,003,983 1,000,009

Capital and reserves
Called up share capital 8 3 3
Retained earnings 9 1,003,980 1,000,006
Shareholders' funds 1,003,983 1,000,009

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.

DAOTEC LTD (REGISTERED NUMBER: 04296038)

Balance Sheet - continued
31 December 2023


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 20 September 2024 and were signed on its behalf by:





P Krapfl - Director


DAOTEC LTD (REGISTERED NUMBER: 04296038)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

Daotec 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 represents amounts receivable for services provided in the year and is stated net of VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Computer software is being amortised evenly over its estimated useful life of ten years.

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 - 25% on cost
Fixtures and fittings - 10% on cost

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

3. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

DAOTEC LTD (REGISTERED NUMBER: 04296038)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


4. Intangible fixed assets
Patents and Computer
Goodwill licences software Totals
Cost
At 1 January 2023 278,973 32,297 95,000 406,270
Additions 28,845 - - 28,845
At 31 December 2023 307,818 32,297 95,000 435,115
Amortisation
At 1 January 2023 81,300 32,296 95,000 208,596
Amortisation for year 61,203 - - 61,203
At 31 December 2023 142,503 32,296 95,000 269,799
Net book value
At 31 December 2023 165,315 1 - 165,316
At 31 December 2022 197,673 1 - 197,674

5. Tangible fixed assets
Fixtures
Plant and and
machinery fittings Totals
Cost
At 1 January 2023
and 31 December 2023 38,688 3,847 42,535
Depreciation
At 1 January 2023 16,688 3,847 20,535
Charge for year 11,000 - 11,000
At 31 December 2023 27,688 3,847 31,535
Net book value
At 31 December 2023 11,000 - 11,000
At 31 December 2022 22,000 - 22,000

6. Debtors: amounts falling due within one year
2023 2022
Trade debtors 34,818 75,668
Amounts owed by group undertakings 586,052 580,343
Other debtors 212,518 450,279
833,388 1,106,290

DAOTEC LTD (REGISTERED NUMBER: 04296038)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


7. Creditors: amounts falling due within one year
2023 2022
Trade creditors 7,990 134,638
Taxation and social security 3,890 4,120
Other creditors 408,231 1,158,748
420,111 1,297,506

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value:
3 Ordinary £1 3 3

9. Reserves
Retained
earnings

At 1 January 2023 1,000,006
Profit for the year 3,974
At 31 December 2023 1,003,980