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REGISTERED NUMBER: 03998972 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

DTG TESTING LIMITED

DTG TESTING LIMITED (REGISTERED NUMBER: 03998972)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2


DTG TESTING LIMITED (REGISTERED NUMBER: 03998972)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 101,675 124,699
Investments 5 20,919 20,819
122,594 145,518

CURRENT ASSETS
Debtors 6 420,039 420,202
Cash at bank 17,604 1,541
437,643 421,743
CREDITORS
Amounts falling due within one year 7 481,996 514,647
NET CURRENT LIABILITIES (44,353 ) (92,904 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

78,241

52,614

PROVISIONS FOR LIABILITIES 19,000 32,500
NET ASSETS 59,241 20,114

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 59,239 20,112
SHAREHOLDERS' FUNDS 59,241 20,114

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2024 and were signed on its behalf by:





F H Headon - Director


DTG TESTING LIMITED (REGISTERED NUMBER: 03998972)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

DTG Testing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03998972

Registered office: 5th Floor
89 Albert Embankment
Vauxhall
London
SE1 7TP

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


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.

Going concern
The directors have prepared detailed cash and profit and loss forecasts which reflect management's plans and the operating environment in order for them to assess the company's ability to continue as a going concern. They have also received confirmation of continued support from the parent company. Following their assessment, the directors have not identified any going concern uncertainties and the financial statements are prepared on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and value added tax. The policies adopted for the recognition of turnover are as follows:

Test suite turnover
Turnover is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the software, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Testing services turnover
Income is recognised when the outcome of the transaction can be estimated reliably and is recognised by reference to the time spent on the services at the company's day rate.

Annual service fees turnover
Income is recognised from the start date of the service period on a straight line basis.

Consultancy turnover
Turnover is recognised on the performance of a service in the accounting period the service was provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - over the term of the lease
Testing equipment - 20% on reducing balance
Office equipment - 20% on cost
Computer equipment - 20% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

DTG TESTING LIMITED (REGISTERED NUMBER: 03998972)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme whose assets are held separately from those of the company. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

DTG TESTING LIMITED (REGISTERED NUMBER: 03998972)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Improvements
to Testing Office Computer
property equipment equipment equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 459,738 1,071,446 38,728 98,471 1,668,383
Additions - 4,000 - 3,780 7,780
Disposals - - (5,319 ) - (5,319 )
At 31 March 2024 459,738 1,075,446 33,409 102,251 1,670,844
DEPRECIATION
At 1 April 2023 408,507 1,012,846 38,728 83,603 1,543,684
Charge for year 10,785 11,986 - 8,033 30,804
Eliminated on disposal - - (5,319 ) - (5,319 )
At 31 March 2024 419,292 1,024,832 33,409 91,636 1,569,169
NET BOOK VALUE
At 31 March 2024 40,446 50,614 - 10,615 101,675
At 31 March 2023 51,231 58,600 - 14,868 124,699

5. FIXED ASSET INVESTMENTS
Interest
in joint
venture
£   
COST
At 1 April 2023 20,819
Additions 100
At 31 March 2024 20,919
NET BOOK VALUE
At 31 March 2024 20,919
At 31 March 2023 20,819

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 126,502 153,964
Amounts owed by joint ventures 150,476 107,099
Other debtors 143,061 159,139
420,039 420,202

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,076 88,927
Amounts owed to group undertakings 317,251 229,359
Taxation and social security 20,144 16,970
Other creditors 139,525 179,391
481,996 514,647

DTG TESTING LIMITED (REGISTERED NUMBER: 03998972)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Colin Young BA FCA (Senior Statutory Auditor)
for and on behalf of Galloways Accounting

10. OFF-BALANCE SHEET ARRANGEMENTS

At the year end, the company had non-cancellable operating lease commitments amounting to £Nil (2023: £183,043).

11. RELATED PARTY DISCLOSURES

At the year end, the company was owed £150,476 (2023: £107,099) by a company in which DTG Testing Limited has a participating interest. The amount due is repayable on demand, unsecured and interest-free.