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REGISTERED NUMBER: 02731229











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

DIGITAL SCIENTIFIC INSTRUMENTS LTD

DIGITAL SCIENTIFIC INSTRUMENTS LTD (REGISTERED NUMBER: 02731229)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DIGITAL SCIENTIFIC INSTRUMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: E Nacheva
C D Grace





REGISTERED OFFICE: 10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA





REGISTERED NUMBER: 02731229





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

DIGITAL SCIENTIFIC INSTRUMENTS LTD (REGISTERED NUMBER: 02731229)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 5,963 6,148

CURRENT ASSETS
Debtors 6 16,657 62,093
Cash at bank 156,696 82,130
173,353 144,223
CREDITORS
Amounts falling due within one year 7 (31,795 ) (24,439 )
NET CURRENT ASSETS 141,558 119,784
TOTAL ASSETS LESS CURRENT LIABILITIES 147,521 125,932

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 147,421 125,832
SHAREHOLDERS' FUNDS 147,521 125,932

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 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:





C D Grace - Director


DIGITAL SCIENTIFIC INSTRUMENTS LTD (REGISTERED NUMBER: 02731229)

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

1. STATUTORY INFORMATION

Digital Scientific Instruments Ltd is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of information technology services and maintenance, excluding value added tax.

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 - 33.33% on cost and 25% on cost

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, 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.

4. EMPLOYEES AND DIRECTORS

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

DIGITAL SCIENTIFIC INSTRUMENTS LTD (REGISTERED NUMBER: 02731229)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 106,870
Additions 4,267
At 31 December 2023 111,137
DEPRECIATION
At 1 January 2023 100,722
Charge for year 4,452
At 31 December 2023 105,174
NET BOOK VALUE
At 31 December 2023 5,963
At 31 December 2022 6,148

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 16,657 62,093

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 24,540 14,162
Other creditors 7,255 10,277
31,795 24,439

8. CALLED UP SHARE CAPITAL

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

DIGITAL SCIENTIFIC INSTRUMENTS LTD (REGISTERED NUMBER: 02731229)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
C D Grace
Balance outstanding at start of year 48,780 49,262
Amounts advanced 20,929 89,787
Amounts repaid (66,365 ) (90,269 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,344 48,780

During the year a dividend was voted to Mr C D Grace of £49,000 (2022: £49.657).

10. RELATED PARTY DISCLOSURES

Amounts due to the company at the balance sheet date are:

Dr C D Grace - £3,344 (2022: £48,780)

The above amounts carry an interest rate equal to the Inland Revenue beneficial loan interest rate. The loan has no fixed date for repayment.

11. ULTIMATE CONTROLLING PARTY

At the year end, the company is under control of the director, Mr C D Grace.