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REGISTERED NUMBER: 08881387 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

DIVERSE DATA SOLUTIONS LTD

DIVERSE DATA SOLUTIONS LTD (REGISTERED NUMBER: 08881387)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DIVERSE DATA SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: Mr D J Birch





REGISTERED OFFICE: 433 Green Lane
Coventry
CV3 6EL





REGISTERED NUMBER: 08881387 (England and Wales)





ACCOUNTANTS: Askews Chartered Certified Accountants
5 The Quadrant
Coventry
West Midlands
CV1 2EL

DIVERSE DATA SOLUTIONS LTD (REGISTERED NUMBER: 08881387)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,104 3,811

CURRENT ASSETS
Stocks 18,500 25,000
Debtors 5 60,674 32,658
Cash at bank 55 10,007
79,229 67,665
CREDITORS
Amounts falling due within one year 6 51,781 35,979
NET CURRENT ASSETS 27,448 31,686
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,552

35,497

CREDITORS
Amounts falling due after more than one
year

7

(25,409

)

(34,060

)

PROVISIONS FOR LIABILITIES (276 ) (953 )
NET ASSETS 2,867 484

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,865 482
2,867 484

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

DIVERSE DATA SOLUTIONS LTD (REGISTERED NUMBER: 08881387)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 director and authorised for issue on 25 September 2024 and were signed by:





Mr D J Birch - Director


DIVERSE DATA SOLUTIONS LTD (REGISTERED NUMBER: 08881387)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Diverse Data Solutions 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% Straight line
Motor vehicles - 25% Straight line
Computer equipment - 25% Straight line

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

DIVERSE DATA SOLUTIONS LTD (REGISTERED NUMBER: 08881387)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023 25,366 570 18,461 44,397
Additions 1,748 - 169 1,917
Disposals (14,194 ) - - (14,194 )
At 29 February 2024 12,920 570 18,630 32,120
DEPRECIATION
At 1 March 2023 22,045 570 17,971 40,586
Charge for year 155 - 314 469
Eliminated on disposal (10,039 ) - - (10,039 )
At 29 February 2024 12,161 570 18,285 31,016
NET BOOK VALUE
At 29 February 2024 759 - 345 1,104
At 28 February 2023 3,321 - 490 3,811

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 28,634 7,711
Other debtors 32,040 24,947
60,674 32,658

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,629 11,975
Trade creditors 956 6,470
Taxation and social security 14,204 15,109
Other creditors 26,992 2,425
51,781 35,979

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 25,409 34,060

DIVERSE DATA SOLUTIONS LTD (REGISTERED NUMBER: 08881387)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
Mr D J Birch
Balance outstanding at start of year 22,447 55,728
Amounts advanced 47,392 28,248
Amounts repaid (40,000 ) (61,529 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 29,839 22,447