Registered number 05291070
UK Dedicated Servers Limited
Report and Unaudited Accounts
31 December 2023
UK Dedicated Servers Limited
Registered number: 05291070
Balance Sheet as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 4,747,501 4,412,699
Current assets
Debtors 4 1,372,605 1,645,539
Cash at bank and in hand 777,185 385,250
2,149,790 2,030,789
Creditors: amounts falling due within one year 5 (1,044,730) (920,460)
Net current assets 1,105,060 1,110,329
Total assets less current liabilities 5,852,561 5,523,028
Provisions for liabilities (281,181) (29,913)
Net assets 5,571,380 5,493,115
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 5,570,380 5,492,115
Shareholder's funds 5,571,380 5,493,115
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the board on 23 October 2024
………………………………
David Howes
Director
UK Dedicated Servers Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 3-15 years
Buildings over 20 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 13 13
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2023 422,223 8,224,072 12,953 8,659,248
Additions 16,419 1,053,846 23,000 1,093,265
Disposals - (196,098) - (196,098)
At 31 December 2023 438,642 9,081,820 35,953 9,556,415
Depreciation
At 1 January 2023 1,759 4,244,358 432 4,246,549
Charge for the year 21,629 722,417 2,253 746,299
On disposals - (183,934) - (183,934)
At 31 December 2023 23,388 4,782,841 2,685 4,808,914
Net book value
At 31 December 2023 415,254 4,298,979 33,268 4,747,501
At 31 December 2022 420,464 3,979,714 12,521 4,412,699
4 Debtors 2023 2022
£ £
Trade debtors 241,224 323,782
Amounts owed by group undertakings 963,540 1,150,107
Other debtors 167,841 171,650
1,372,605 1,645,539
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 314,705 309,591
Other taxes and social security costs 29,878 18,500
Other creditors 700,147 592,369
1,044,730 920,460
6 Related party transactions
Market rates of rent totalling £69,840 (2022: £69,840) have been paid to parent company UK Dedicated Servers (Holdings) Ltd in the period. Loans to Dedicated Servers (Holdings) Ltd are £963,540 (2022: £1,150,107) at the balance sheet date.
7 Other information
UK Dedicated Servers Limited is a private company limited by shares and incorporated in England. Its registered office is:
Continuity House
205 Torrington Avenue
Coventry
England
CV4 9AP
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