Registered number
08401945
DataPress Ltd.
Unaudited Filleted Accounts
31 January 2024
DataPress Ltd.
Registered number: 08401945
Balance Sheet
as at 31 January 2024
Restated
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 36,551 48,735
Current assets
Debtors 4 6,080 23,435
Cash at bank and in hand 167,400 176,514
173,480 199,949
Creditors: amounts falling due within one year 5 (24,106) (7,893)
Net current assets 149,374 192,056
Net assets 185,925 240,791
Capital and reserves
Called up share capital 100 100
Profit and loss account 185,825 240,691
Shareholder's funds 185,925 240,791
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 and delivered 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.
Thomas James Rees
Director
Approved by the board on 28 October 2024
DataPress Ltd.
Notes to the Accounts
for the year ended 31 January 2024
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 (as applied to small entities by section 1A of the standard).
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% reducing balance basis
Motor Vehicle 20% straight line basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2023 5,822 57,990 63,812
At 31 January 2024 5,822 57,990 63,812
Depreciation
At 1 February 2023 3,479 11,598 15,077
Charge for the year 586 11,598 12,184
At 31 January 2024 4,065 23,196 27,261
Net book value
At 31 January 2024 1,757 34,794 36,551
At 31 January 2023 2,343 46,392 48,735
4 Debtors 2024 2023
£ £
Trade debtors - 17,355
Other debtors 6,080 6,080
6,080 23,435
Restated
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 7,456 (6,391)
Other creditors 16,650 14,284
24,106 7,893
6 Other information
DataPress Ltd. is a private company limited by shares and incorporated in England. Its registered office is:
Suite 111
94 London Road
Headington
Oxford
OX3 9FN
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